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MARKET NEWS July 8: European session GBP/USD slid below $1.7100 on weaker-than-expected data from the UK: manufacturing and industrial production unexpectedly contracted by 1.3% and 0.7% respectively. Such poor data will make the market expect a later rate hike from the Bank of England...

MARKET NEWS 8 July 2014 Pressure on ECB is increasing Fabrice Brégier, chief executive of Airbus’s passenger jet business, said the ECB should intervene to push the value of the euro against the dollar down by 10% from an “excessive” $1.35 to between $1.20 and $1.25. "Europe cannot be...

MARKET NEWS July 8: Asian session USD/JPY tested 101.68 on the downside. Yen remained higher after strengthening yesterday after Japan reported a bigger-than-expected current-account surplus. In addition, US stock futures point to declines in the S&P 500. AUD/USD edged up to $0.9395. Aussie...

MARKET NEWS 7 July 2014 Fed will tighten sooner than later According to the new forecast by Goldman Sachs, the Federal Reserve will raise interest rates not in the first three months of 2016 as the analysts thought before, but already in the third quarter of 2015. The specialists revised their...

MARKET NEWS 7 July 2014 COT: positions of large speculators Here’s the summary of the latest COT (Commitments of Traders) report, released on July 4 for a week ended July 1. All currency positions are in direct relation to the US dollar. Euro net bearish positions rose slightly after previous...

MARKET NEWS Key option levels (July 7) 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 7: Asian session US dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies. The greenback remained in demand after last week’s solid US jobs data. USD/JPY is trading a bit on the upside in the 102.10 area. AUD/USD...

MARKET NEWS July 4: Asian session Asian shares initially rose as US unemployment rate fell to the lowest level since before the peak of the financial crisis. Then the assets started correcting after their gains. American markets are closed for the July 4 Independence Day holiday. USD/JPY...

MARKET NEWS 3 July 2014 ECB Draghi's press conference Key points ECB expects rates to stay low for a prolonged time period. All the ECB members support the unconventional policy measures if needed Economic risks remain on the downside Price risks are balanced in the medium term From January...

MARKET NEWS July 3: European session EUR/USD is making small swings around $1.3650. Spanish and Italian Services PMIs were above the key level of 50 that indicates industry expansion. However, euro zone’s retail sales stagnated in May after sliding by 0.2% in April. Great Britain released...

MARKET NEWS July 3: Asian session Asian shares swung between gains and losses, with the regional index trading near a 6-year high, as ADP data showed US companies added more workers than estimated before a government Non-Farm Payrolls report today. The Fed’s Chair Janet Yellen said yesterday...

MARKET NEWS 2 July 2014 PIMCO: Fed to hike in mid-2015 According to the Pimco's chief economist Paul McCulley, the US economy is getting closer to where the Federal Reserve needs it to be to start tightening. He expects the first hikes to come in mid-2015. Rates are expected to increase until...

MARKET NEWS 2 July 2014 Yellen's speech eyed The Federal Reserve Chair Janett Yellen will speak at the International Monetary Fund today at 15:00 GMT. She will then discuss the questions of US financial stability with the IMF Head Christine Lagarde. Investors will closely monitor the Yellen's...

MARKET NEWS July 2: European session EUR/USD slid to $1.3655. According to the data released today, producer prices in the euro area contracted in May by 0.1%, while the number of unemployed people in Spain increased more than expected. Great Britain released another bunch of GBP-positive...

MARKET NEWS Key option levels (July 2) 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 2: Asian session Asian stocks rose, with the regional index extending gains from a 6-year high, after good manufacturing PMIs in the world’s two biggest economies – the United States and China – sent US equity gauges to records. MSCI Asia Pacific Index advanced 0.7%...

MARKET NEWS July 1: European session The euro zone’s unemployment rate declined from 11.7% to 11.6%, while Spanish and Italian manufacturing PMIs showed industry expansion. EUR/USD is trading a bit on the downside, in the $1.3680 area consolidating after yesterday’s gains. British pound...

MARKET NEWS 1 July 2014 USD: the mood is sour By Mark Jensen Yesterday the US released mostly good, but relatively minor economic data. Pending home sales rose 5 times more than expected, but positive reaction was tempered by the slowdown in Chicago manufacturing activity. These figures...

MARKET NEWS Key option levels (July 1) 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 1: Asian session Asian shares rose driven by good news from Japan and China. According to Tankan survey, large Japanese companies plan to increase capital spending by 7.4% this fiscal year through March. China’s manufacturing expanded in June at the fastest pace this year...