Market News
June 12: Asian session
Asian shares fell, with the regional benchmark index set for its biggest loss in almost a month, after US equities declined. The MSCI Asia Pacific Index dropped 0.4%. Nikkei 225 fell 0.8%.
USD/JPY is trading in the 102 area after dipping to 101.85...
Market News
June 11th: American Session
Tatiana Norkina, FBS analyst
U.S. dollar today is a little weaker compared with yesterday. The dollar index was down to 80.70 and is currently losing about 0.05%. At the same time the major stock indexes unexpectedly fell sharply at the opening. So...
Market News
Key option levels (June 11)
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
11 June 2014
US yields recovered
US Treasury yields have reversed decisively higher with 10-year paper paying 2.646% compared to a trough of 2.402% 2 weeks ago.
According to RBS, the decline in 10-year yields is over and they will stay above 2.80% in the coming months.
US...
Market News
June 11: Asian session
Asian shares outside Japan fell from a 3-year high as investors weighed valuations following a 4-day rally and after the World Bank cuts its global economic growth forecast for this year from 3,2% to 2.8%. Japanese Nikkei 225 rose by 0.5% aided by MSCI’s...
Market News
June 10: Asian session
Commodity currencies gained some ground today. Australia and China released a bunch of important data in the session, but the market impact was limited. China May inflation came above the forecast at 2.5%. Australia NAB business confidence rose to 7 in May...
Market News
June 9: American Session
Tatiana Norkina, FBS analyst
The index of the U.S. dollar in the first day of the week shows a significant strength, increasing by almost 0.30%, after the hold above 80.30 support. Trading in the stock markets opened as positively: DJIA now adds about...
Market News
9 June 2014
CFTC: USD longs on the rise
Here are the essentials of the latest Commitments of Traders (COT) report, released on June 6 by the Commodity Futures Trading Commission (CFTC) for a week ended on June 3.
According to the report, the value of the USD net long position...
Market News
Key option levels (June 9)
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
June 9: Asian session
Asian shares rose after data on Japanese growth, US employment and Chinese exports improved the outlook for the global economy. MSCI Asia Pacific Index gained 0.15%.
USD/JPY is little changed in the 102.50 zone. Japan reported a smaller current-account...
Market News
June 6th: American session
Tatiana Norkina, an analyst at FBS
NFP data for the last month was not quite so surprising, about the expected level. Number of non-agricultural sector employees of the U.S. economy increased by 217 thousand, while analysts suggested it to be increased...
Market News
6 June 2014
NFP: forecasts of the banks
What do the banks say?
Goldman Sachs: +210K, 6.5%, low market impact
Societe Generale: +240K, 6.2%, higher USD/JPY
Bank of America: +225K, 6.5%,
Barclays: + 225K, 6.3% (consensus: 6.4%), supporting the USD. A positive job creation...
Market News
June 6: Asian session
Asian shares rose after the European Central Bank announced stimulus measures. The MSCI Asia Pacific Index and Japanese Nikkei 225 climbed 0.2%.
USD/JPY declined to 102.25. Still the pair is headed for its biggest weekly gain since April before a US report...
Market News
June 4: American Session
Tatiana Norkina, FBS analyst
Mixed statistics from the U.S. makes market participants cautious. Thus, preliminary ADP data on employment in non-agricultural sector totaled only 179 thousand, instead of the expected by analysts 210 thousand. This led to a...
Market News
Key option levels (June 4)
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
4 June 2014
Danske Bank: Ukraine still in focus
“While focus on Ukraine seems to have faded somewhat, the situation has continued to worsen as fighting with pro-Russian separatists has continued”, Danske Bank analysts say.
“Yesterday, US president Obama started a four-day tour of...
Market News
June 4: Asian session
Asian shares slid, with regional benchmark index retreating from a 7-month high, as investors await a report on US jobs later today and a decision from the ECB on monetary policy tomorrow. Nikkei slid by 0.3%.
USD/JPY rose to 102.80. US dollar strengthened...
Market News
June 3: American session
Tatiana Norkina, analyst at FBS
U.S. dollar index is showing signs of recovery after the publication of positive data on production orders. Over the past month, this number has increased by 0.7%, while analysts have expected only 0.5%. However, according...
Market News
June 3: Asian session
Asian stocks rose as concerns about a slowdown in Chinese economy eased. MSCI Asia Pacific Index gained 0.5%. The final reading of a China’s HSBC manufacturing PMI came in at 49.4, missing economist forecasts for 49.7 (reading below 50 indicates...