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MARKET NEWS July 24: American Session Tatiana Norkina, analyst at FBS U.S. dollar shows strength after the release of labor market data. The number of unemployment benefits applications for the past week has fallen to 284 thousand, from 303 thousand. Analysts had predicted an increase to...

MARKET NEWS 24 July 2014 EUR is cheered up by PMIs EUR/USD recovered to $1.3485 as the euro area released mainly better than expected PMIs from the euro area. European stocks rose with Euro Stoxx 50 index adding 0.6%. The preliminary euro zone’s manufacturing PMI rose to 51.9 in July from...

MARKET NEWS 24 July 2014 GBP/USD hit $1.7008 on retail sales June retail sales rose by 0.1% m/m and 3.6% y/y vs. 0.2% and 3.9% y/y growth expected. However, despite the June stagnation, the overall Q2 retail sales volumes were the strongest in 10 years. June data added to yesterday's market...

MARKET NEWS Key option levels (July 24) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS July 24: Asian session Asian shares traded near a 6-year high after a Chinese manufacturing gauge rose to its strongest reading in 18 months. MSCI Asia Pacific Index outside of Japan added 0.4%. Nikkei 225 is down by 0.34% as Japanese trade deficit widened more than expected...

MARKET NEWS 23 July: American session Tatiana Norkina, an analyst at FBS There are mixed feelings in the markets today in early U.S. session. Yesterday's strong growth in the dollar has been transformed into a protracted outset in the absence of important economic indicators. The dollar...

MARKET NEWS 23 July 2014 BOE Carney speech: quotes The BoE Governor Carney increased selling pressure on GBP/USD, dampening expectations of an early rate hike. Key Carney's quotes: UK economy is still in extraordinary times There is no clear timing on rate hikes, they will be gradual The BOE...

MARKET NEWS 23 July 2014 Key takeaways from the BOE minutes As it was expected, GBP/USD weakened below the $1.7060 mark post the MPC minutes release. The document brought no surprises with all the 9 Commitee members voting to leave rates unchanged. There was no inspiration for the hawks in...

MARKET NEWS 23 July 2014 USD is still the dominant power It’s the 70th anniversary of the Bretton Woods Conference which created the foundations of the global monetary system based on the US dollar we have today. Despite the efforts to step away from American currency, companies, consumers...

MARKET NEWS 23 July 2014 BoE policy minutes in focus Market attention is now focused on the June BoE meeting minutes release at 8:30 GMT. According to currency analysts at RBS, The British currency may lose some ground on the release. Economists are convinced that the UK regulator unanimously...

MARKET NEWS 23 July 2014 AUD: higher inflation and what it means AUD/USD strengthened to $0.9440 after a government report showed annual inflation accelerated to the fastest pace in 4 years. Australian consumer prices climbed 3% in Q2 from a year earlier, matching estimates. The RBA aims for...

MARKET NEWS Key option levels (July 23) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS July 23: Asian session Asian shares rose for a third day, with the regional benchmark index extending a 6-year high, as lower US inflation data damped concerns interest-rate increases will be brought forward. MSCI Asia Pacific Index outside of Japan gained 0.4%. Nikkei 225 slid...

MARKET NEWS 22 July 2014 Euro area: debt mounts According to the EU’s statistics office Eurostat, euro zone’s government debt rose from 8.90B euro in Q4 2013 (92.7% of GDP) to 9.05B euro in Q1 2014 (93.9% of GDP). The biggest increases in debt were in Slovenia and Belgium (7 and 3.9 percentage...

MARKET NEWS 22 July 2014 EUR/USD below $1.3500 EUR/USD hit $1.3477, the lowest level since the beginning of February. The single currency was sold-off as the European trade started. The sentiment about the single currency was bearish and in absence of positive developments this made euro fall...

MARKET NEWS Key option levels (July 22) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS 22 July 2014 Russian-Ukrainian conflict in the limelight Economists at Deutsche Bank expect to see new developments in the Russian-Ukrainian crisis today with the EU finance ministers holding a meeting to discuss a possibility of imposing new sanctions on Russia. At least, the US...

MARKET NEWS July 22: Asian session Asian shares rose as investors bet rising tensions in Ukraine over the shooting down of a jetliner won’t curb global economic growth. Nikkei 225 advanced by 1%. US dollar index remains near 1-month high as an increase in short-term US Treasury yields...

MARKET NEWS 21th of July: American session Tatyana Norkina, analyst of the company FBS U.S. dollar index is moderately recovering at the opening session and increasing about 0.05%. Stock markets were opened with the gapdown of nearly 0.30%. It should be mentioned that there will be no...

MARKET NEWS 21 July 2014 BMO: data to watch for EUR BMO Capital points out that the main focus for euro this week will be on the preliminary July PMIs due on Thursday and the German IFO Business Climate Index due on Friday. According to the analysts, if the French or German PMIs drift lower...