The Euro Broke Down Amid Continued Investor Concern
Equity markets performed well in the first week of the new year. Investors piled into stocks on the first trading day, pushing the markets higher for the week. Better than expected US data propelled the markets forward, with the Nasdaq 100 leading the equity markets higher. The Nikkei was the lead performer for the developed [...]
China’s Manufacturing Moderates
China’s economic growth appears to be slowing. The official December manufacturing ISM eased to 53.9 from 55.2 in November and compares with consensus expectations of around 55.5. The results were in line with the private HSBC measure released last week. The moderation was widespread including output, new orders and employment. New export orders ticked up [...]
2010 Ends With Minimum Volatility
In the last week of the year global equity markets remained subdued. The US markets were down slightly, with the S&P 500 declining .25%. In Asian, the Shanghai lost nearly 1%, and in Europe the FTSE was the big loser declining nearly 2%. As the markets look forward into the New Year, the sovereign debt [...]
Euro-Zone M3 Expands – Leading to Potential Inflation
Euro-zone November M3 money supply growth accelerated to 1.9% y/y, much higher than the consensus of 1.6%. The October rate was slightly revised down to 0.9% y/y from 1.0% y/y and the three months moving average accelerated to 1.3% from 1.0% (again, the latter a revision from 1.1%). This is still far below the ECB’s [...]
Euro Declines as Downgrades Take Center Stage
The equity markets were mixed this week as volatility decreased during a shortened holiday week. The S&P 500 increased by more than a percent, while the FTSE increased the most up more than 2.5%. In Asia, the Nikkei was down slightly more than 1%, and the Shanghai lost nearly 2%. During the week, Moody’s announced [...]
Euro Periphery Pressures Currency
The Euro has been under pressure during the last two trading sessions as issues with the periphery of the Euro zone have raised their heads. The euro periphery remains under pressure, despite a euro-positive outcome to the first round of the Greek elections, as concerns about Ireland’s financial system continue to mount. 10-year Irish yields [...]
Surprise Rate Hike by RBA Pushes AUD to New Highs
The Reserve Bank of Australia raised rates interest rates by 25 basis points to 4.75%, contrary to expectations for no change. According to The statement by Governor Stephens, the hike was triggered by a large expansionary shock to the economy. The second driver of the rate hike was that the economy has modest amounts of [...]
Why You Should Trade ETF’s and Exactly How You Can Do It.
An ETF is a unique investment that combines features of stocks and index funds. Like stocks, they can be traded any time during the trading day on a stock exchange. Like index funds, they represent an investment in a pool of financial assets or securities that mimic the performance of a specific index. Here are [...]
Why you’ll certainly fail in trading if you don’t master this…[Part 3]
There are many misconceptions about money management. Most think it means trading with stops, but that is only a small part of it. Below is a short part of the complimentary report I’ve been trying to give you called How to Safely Double Your Profits in 2010 Trading ETFs. This little tip alone could save [...]
Aussie slides on unchanged interest rates
The Australian Dollar slid today in forex trading on account of the Australian central bank deciding to maintain the benchmark interest rates at their current levels. The RBA avoided changing interest rates to maintain economic recovery in the country. The Australian dollar fell to the lowest level in nearly 6 weeks, against all 16 of [...]
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