Posts Tagged ‘ index ’

Strong IFO Fuels Euro Rally

The German IFO index surged to 106.2 versus 101.5 eyed lifting the euro from its session lows as the key survey of business sentiment confirmed that economic conditions in Eurozone’s largest economy are improving markedly. This was the largest one month jump since German reunification and according to President of IFO Hans-Werner Sinn capacity [ READ MORE ]

FOREX: Late Day Selling

Compared to the last 24 hours, it has been a relatively quiet day in the financial markets up until the last hour of trading. The Dow Jones Industrial Average oscillated in and out of negative territory for most of the U.S. session before plunging close to 100 pips in last 60 minutes of trade, putting [ READ MORE ]

EUR/USD Fall, but U.S. Consumer Confidence Threatens Dollar

EUR/USD currency pair dropped for a second day after yesterday’s report about growth of personal spending and income in the U.S. The home price index also brought good news, doubly welcome news from very bearish market. Astounding slump in consumer confidence, though, threatens to erase any positive effect, which… [ READ MORE ]

Dollar Weakens vs. Euro on Unfavorable Macroeconomic Reports

The euro erased its yesterday’s losses against the U.S. dollar as Spanish bond auction alleviated fears of the European debt crisis, while the dollar was weakened by some unfavorable macroeconomic reports. An unexpected increase of initial jobless claims and a sharp drop of Philadelphia Fed index were especially frustrating. EUR/USD currency pair… [ READ MORE ]

Empire Shows US Manufacturing on Track

Empire State Manufacturing survey printed in line with expectations today increasing to 19.57 from 19.11 in May. This was the 11th consecutive positive monthly reading for the survey suggesting that manufacturing continues to expand. The employment sub component of the survey weakened slipping to 12.35 from 22.37 but the workweek index expanded indicating that [ READ MORE ]

Euro Guns for 1.2000

A turnaround in risk appetite helped to fuel a small rally in beta FX in late Asian and early European dealing today but price action in the majors was generally contained to narrow ranges as markets essentially consolidated on a night of little economic or geo-political news. A leak from Chinese government officials [ READ MORE ]

Euro Rangebound But Pressure Persists

A mild risk rally in Asian session spurred by a 3% gain in the Shanghai index quickly evaporated by the time European dealing began with EUR/USD falling through short term support at 1.2450 by mid morning trade. Risk FX rallied into the Asian close as Chinese stocks rose on speculation that the PBOC [ READ MORE ]

EUR/USD Rising on Unfavorable U.S. Data

EUR/USD rose today for a second day after EU leaders promised that budget cut won’t destroy the economy of the Euro-zone and on unfavorable changes in producer price index and building permits. The reports suggested that the economic recovery in the U.S. may be slower. The European policy maker explained that planned budget cuts… [ READ MORE ]

EUR/USD Continues Its Decline

EUR/USD continues to experience decline amid the Greece’s crisis, while U.S. economy shows stable growth. Improved ADP unemployment rate signals about the increasing economic activities. And ISM PMI index shows steadily improving market conditions. EUR/USD currently trades near 1.2850. ADP unemployment rate showed <a… [ READ MORE ]

Aussie Bounces As Services Expands For First Month in Five

Australian Services PMI showed strength in the month April as the index expanded for the first time in 5 months hitting a high of 52.7 versus 47.2 the month prior. Growth in the mining sectors is translating into broader expansion across the board as business services, transportation and communications sectors all saw gains. [ READ MORE ]

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