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European indices to open lower on Tuesday
Good morning, Today’s UK opening call provides an update on: European indices to open lower on Tuesday; Voting FOMC member Evans supports ultra-loose monetary policy; Rally expected to continue as investors move from defensive to cyclical stocks; UK inflation expected to fall in April, opening the door to more stimulus from BoE. Read More | View Original Article
EUR: Currency Index & Volatility
Relative Currency Strength To help us find the answer, we should determine the reasons why the currency was bullish or bearish at certain intervals. Last Tuesday Eurozone industrial production was reported to expand and ZEW economic sentiment to improve, increasing investor’s appetite for risk. The optimism was negated already next day by disappointing news on the bloc’s GDP figures, which came in less than expected. Read More | View Original Article
British Pound May Weaken as Soft CPI Drives Dovish BOE Bets
The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an expanded BOE stimulus effort on the horizon. Read More | View Original Article
British Pound May Weaken as Soft CPI Drives Dovish BOE Bets
The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an expanded BOE stimulus effort on the horizon. Read More | View Original Article
Trade Idea: Sell EURGBP as negative momentum dominates
EURGBP has seen a third down day out of four and prices remain below the 13 and 100-day moving averages. In addition, momentum is bearish and we look for losses to deepen to .8398/420. Read More | View Original Article
CFTC Posts March FCM Financials
The US Commodity Futures Trading Commission (CFTC) has released FCM financial data for March 2013. Whilst March’s figures represent an increase over those of February, a shortfall is demonstrated over January’s results.Read more … [visit site to read more] Read More | View Original Article
Trade Idea: AUDUSD - signals point to temporary gains on Tuesday
The market has attracted profit taking buying this week at 12-month lows and with intraday signals improving, they are pointing to a temporary relief rally. Read More | View Original Article
Trade Navigator: Tuesday, May 21
The Trade Navigator provides you with daily technical insight into almost 200 instruments ranging from FX to equities, commodities and bonds. Read More | View Original Article
USD/JPY’s pull back is proving short lived as Japanese Economy Minister Amari attempted to backtrack from his earlier comments that warned about the negative impact of a weaker JPY on “people’s lives”. His comments today suggest that Japan’s stance on a weaker JPY has not changed. Nonetheless, there may be some consolidation in the near term as likely inaction from the Bank of Japan at it policy meeting this week will mean no new stimulus. Read More | View Original Article
The currency gained 0.5 percent to 131.85 per euro
Good morning from Hamburg and welcome to our Daily FX Report in this week. Federal Reserve Bank of Chicago President Charles Evans said the U.S. economy has improved “quite a lot” as the central bank maintains record stimulus and expressed confidence policy makers have tools needed to monitor markets for excesses. Market Review – Fundamental Perspective The longest decline in Treasuries this year has left U.S. Read More | View Original Article
The US dollar index reversed lower as speculative longs took profit
Market wrap Global market sentiment: It was a quiet night. There were no data releases of note for global markets, markets seemingly content to remain on hold until Fed Chairman Bernanke’s important speech on Wednesday. The S&P500 initially made a fresh record high but is currently down 0.1%. Thr CRB commodities index is up 0.4% (copper futures up 0.9%, gold +1.5%). Interest rates: US 10yr treasury yields remained elevated around 1.97%, aside from a temporary dip to 1.92%. Read More | View Original Article
3 Numbers To Watch: JP All Industry Index, USDJPY, UK CPI
Japan's All Industry Index report will reveal how, or if, Abenomics is trickling down into the real economy. Whatever the result, it is sure to impact the yen. Meanwhile, an inflation update for the UK arrives as the economic outlook brightens. Read More | View Original Article
For now that's all it is, but the question is will it become more or will it be just another drop of selling that gets bought up by the bulls. The answer to that will be answered to some degree early tomorrow. We will watch those futures overnight and they should give us some insight as to whether we're getting follow-through or not. The bears need to get rocking with some momentum now. The longer they wait to hit the market the faster the bulls react to buying any weakness. Read More | View Original Article
Shares hover at cyclical highs
Trading remains cautious as investors wait for Federal Reserve chairman Ben Bernanke’s testimony about the US economy on Wednesday Read More | View Original Article
US Dollar Chart Setup Hints Deeper Losses May Be Ahead
US Dollar technical positioning hints a larger correction lower may be ahead while the S&P 500 appears poised to continue pushing upward. Read More | View Original Article
USD/JPY Wavers but Will it Turn on Policy Shift?
USDJPY and other yen-based crosses dropped sharply on Monday's open on surprising policy comments, but does this represent enough of a fundamental shock to turn this overbought market? Read More | View Original Article
GBP/USD- Trading the U.K. Consumer Price Report
The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes should we see a marked slowdown in U.K. inflation. Read More | View Original Article
GBP/USD- Trading the U.K. Consumer Price Report
The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes should we see a marked slowdown in U.K. inflation. Read More | View Original Article
Dollar Regains Previous Day's Losses
The dollar edged up against the yen on Tuesday after a Japanese minister clarified earlier remarks about the yen's weakness. Read More | View Original Article
Greenback rally takes a break for some profit taking
Australian Dollar: During Asian trade yesterday the Aussie managed to stabilise off recent lows and move back up towards 0.98 against its US counterpart. After solid gains seen in the back end of last week the Greenback lost ground overnight, in part due to consolidative moves and also due to more comments from members of the Fed; this time indicating current bond buying won’t be wound back earlier than initially forecast. Read More | View Original Article
Yen rises on Amari's comments : May 21, 2013
Market Review - 20/05/2013 23:02GMT Yen rises on Amari's comments The Japanese yen rose against the greenback on Monday after Japan Economy Minister Akira Amari said on Sunday that further losses in the yen would have negative effects on the country's economy. The greenback was pressured throughout the day on expectations that Federal Reserve Chairman Ben Bernanke would hint to trim its bond purchases this week. Read More | View Original Article
Dollar Retreats Before Key Fed Officials Weigh In on QE3
Having charged forward under one of the strongest two-week advances in nearly 18-months, the Dow Jones FXCM Dollar Index (ticker = USDollar) was in for a breather. Read More | View Original Article
Dollar Retreats Before Key Fed Officials Weigh In on QE3
Having charged forward under one of the strongest two-week advances in nearly 18-months, the Dow Jones FXCM Dollar Index (ticker = USDollar) was in for a breather. Read More | View Original Article
Growth, Biggest Threat to Markets?
Axel Merk, President and Chief Investment Officer at Merk Investments explains why he says the biggest threat markets could be facing right now is economic growth. Read More | View Original Article
Using Ichimoku Levels To Get The Most Of A Trend
Following trends is a battle of getting the best of a move and then making the most of it once you’re in. Here is how Ichimoku can help. Read More | View Original Article
Morning Report - US Dollar down everything else up
We really should do something about having the ratings agencies as the arbiters of what is good and right after the performance they put in prior to the GFC - but somehow they remain at the centre of global finance. Read More | View Original Article
Tuesday's economic data you must care of
AUD and RBA Policy meeting Minutes Hawkish: AUD bullish Dovish: AUD bearish Key pairs to watch : AUD/USD , AUD/JPY With the release of the Minutes of the latest RBA decision to lower the cash rate by 25 basis points to 2.75%, market players will be looking for tips over next movements. Read More | View Original Article
