Market News
May 16: American Session
Tatiana Norkina, FBS analyst
Dollar slightly reacted to mixed U.S. data. So, after the appearance of a fairly strong statistics on the number of building permits issued (1.08 million vs. 1.01 million), the index of American suddenly began to fall. A...
Market News
Key option levels (May 16)
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
16 May 2014
China banks: bad loans rise
Chinese banks had the biggest quarterly increase in bad loans since 2005 as defaults rise because of the slowdown in the world’s second-largest economy.
According to data released by the China Banking Regulatory Commission yesterday, the...
Market News
May 16: Asian session
Asian stock markets declined on Friday, following the yesterday’s US and European markets losses. Stocks closed weak overnight amid some disappointing earnings and economic reports. Ukraine woes and weaker commodity prices add to the decline.
Currency markets...
Market News
15 May 2014
Germany grows, France stagnates
Today’s data showed the divergence between French and German economies keeps on growing. German economic growth accelerated more than forecasted in the first quarter, helping the euro zone’s economy to offset the unexpected stagnation in...
Market News
Key option levels (May 15)
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
May 15: Asian session
Asian shares fell as a stronger yen weighed on Japanese shares and after US equity indices dropped from the record highs. Nikkei 225 is down by about 1%. MSCI Asia Pacific Index declined by 0.3%.
USD/JPY dipped to 101.66, but then recovered to the opening...
Market News
14 May 2014
GBP/USD down on labor data
UK labor market data came out mixed. Unemployment rate fell from 6.9% to 6.8% in line with forecasts, but the jobless claims contracted less than expected (-25K vs. expected -30.7K). Weak wage growth remains a matter of concern for the...
Market News
May 14: Asian session
Asian stock markets rose with the MSCI Asia Pacific Index adding 0.7% in the session. Commodity currencies are in demand today. AUD/USD pushed higher, testing the $0.9400 resistance to the upside. NZD/USD also is trading in the positive zone, but holds below...
Market News
May 13th: American session
Tatiana Norkina , an analyst at FBS
The U.S. dollar strengthened before the advent of European statistics today. According to the report of the Centre for European Economic Research economic expectations in Europe fell to 55.2 points in the past month...
Market News
CFTC: USD shorts increased
Here are the essentials of the latest Commitments of Traders (COT) report, released on May 9 by the Commodity Futures Trading Commission (CFTC) for a week ended on May 6. According to the report, large traders and speculators increased their short USD...
Market News
May 13: Asian session
Asian stock markets are mostly trading in the positive zone with MSCI Asia-Pacific index excluding Japan adding 1% and Japanese Nikkei 225 index adding almost 2%. Indian shares also rose by 2%, boosted by exit polls predicting India's business-friendly...
Market News
May 12: American Session
Tatiana Norkina, analyst at FBS
U.S. dollar index is consolidating around the 79.90 mark today which it reached on Friday, but the market is expecting a report on past month's administration of the budget. So, volatility increase is possible. Major stock...
Market News
12 May 2014,
CBI: BoE to hike rates in Q1 2015
According to the latest Confederation of British Industry report, the Bank of England will likely raise interest rates in Q1 2015.
Confederation’s 2014 UK growth forecast was revised up from 2.7% to 3.0%. As for 2015, the economy is...
Market News
May 12: Asian session
Capital markets are cautious as the Ukraine crisis remains in focus. Investors are ready for a possible escalation in Ukraine's civil conflicts after anti-Kiev rebels declared victory in the separation referendum. Russia president Putin didn’t give any...
Market News
8 May 2014
Draghi dropped EUR/USD
EUR/USD hit a 2.5-year high of $1.3990 as the European Central Bank left monetary policy unchanged with a minimum bid rate at 0.25%.
Euro plummeted by 100 pips $1.3890 as the ECB president Draghi hinted on a rate cut in June on the...
Market News
8 May 2014
BTMU: it is still hot in Ukraine
Despite the yesterday's risk appetite improvement, the BTMU economists remark the geopolitical risks fom Ukraine as a relevant factor for global markets.
"Investors were encouraged yesterday by comments from Russian President Putin which...
Market News
May 8th: American session
Tatiana Norkina, an analyst at FBS
Today the ECB kept interest rates at 0.25 %. This is generally consistent with the expectations of analysts. Therefore, the currency pair EUR/USD soared to new highs in the 1.3990 area. However, the subsequent...
Forex Analytics
Danske Bank: trade signals (May 8)
EUR/USD: Long at 1.3910 with a target of 1.4005 and a stop at 1.3863
USD/JPY: Look to sell at 102.10/15
GBP/USD: Long at 1.6700 with a target of 1.7044 and a stop at 1.6880
USD/CHF: Short at 0.8824 with a target of 0.8698 and a stop at...