Automated Forex Trading & its Huge Benefits
You might have not been told that the forex market is an easy marketplace and thus making money via this niche is not as easy as what is being rumored out there. This means that folks with deep pockets, an infinite amount of patience and a firm control of their emotions can get involved in [...]
Currency Markets Remain on Edge, Amid Austerity Review
Capital markets during the week continued to be driven by headlines surrounding Greek austerity and the ability of the Greek government to reach targeted budget levels. During the week, the Greek government won the vote of confidence 155-143, which opened the way to the passage of the €80 billion austerity package in parliament next week. [...]
Negative Sentiment Weight on Riskier Assets
The currency markets were driven multiple forces this week including developments in the EU periphery, and news flow related to the Greece aid package. Following the much anticipated signal for a July rate hike on Thursday ECB meeting, market participants took profits and placed their focus on Greece instead of future interest rate increase. Trichet’s [...]
Weak US Data Keeps Dollar on the Defensive
Market sentiment throughout the week remained cautious as market participants reacted to a stream of data that hurt investor sentiment. Manufacturing data, was weaker than expected in China, the UK, the EMU and the US. When combined with a decline in the employment situation in the US, the economic backdrop trumped any other news during [...]
Euro Caught in Conflicting Flow
The euro is caught in the midst of a conflicting flow of factors, as higher peripheral yields are countering the potential higher rates from the ECB this summer. The 2yr German-US yield spread tightened to 110 basis points moving down from 120 basis points at the beginning of the week. Speaking in Luxembourg on Friday, [...]
Chinese Reserve Hikes Coming Soon
China may raise its reserve requirement ratios by 50 basis points on either April 15 or April 22, according to China’s Economic Information daily. Expectations of further China tightening are widely expected in the market and the prospect of another hike may have contributed to early weakness in Chinese stocks this has been outweighed by [...]
Commodities Soar as the Dollar Slumps
Commodity markets and dollar weakness were the themes to this week’s market movements. Gold made an all time high above 1460, and oil prices soared as the dollar moved lower against most major currencies except USD/JPY. ECB Ends Easing Cycle The euro broke above 1.4400 on Friday, following Thursday’s ECB meeting and Portugal request for [...]
Geo-Political Unrest Continues to Drive Markets
This week markets were driven by unrest related to Libya and the potential for a supply disruption within the Oil markets. Oil in the US, touched the 103 levels, while Brent crude tested $120 per barrel. Riskier assets such as equities were under pressure as investors moved capital into US treasuries as a safe haven. [...]
Greek Restructuring in the News
Talk of Greek debt restructuring just won’t go away. Despite the denials by German and Greek officials, many remain skeptical that given likely growth trajectory that Greece is going to be able to stabilize the critical debt-to-GDP ratios. In fact, the seeds are being planted. In particular, the first step, which is for the EU [...]
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