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Is strong NFP data enough to unwind the QE?
11.03.2013 Market moving events last week -Reserve Bank of Australia left interest rates unchanged (3%) on Tuesday and indicated there is little rush to cut rates again soon. Earlier, government data...
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Last minute deal sees Cyprus avoid disaster
25.03.2013 Market moving events last week -UK annual rate of inflation increased to 2.8% in February from 2.7% in January, driven by higher household gas and electricity bills and a rise in airfares...
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Investors attention turns to Italy and NFP
01.04.2013 Market moving events last week -U.S. consumer confidence in March gave back almost all of its February rebound thanks to fiscal uncertainty.Index of consumer confidence declined about 8...
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How High Can the USD/JPY Rise?
08.04.2013 Market moving events last week -The RBA’s policy decision on Tuesday hardly caused any excitement. The RBA kept its policy rate on hold overnight, in line with expectations.RBA still left...
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Why Gold Price is Dropping?
15.04.2013 Market moving events last week -China’s consumer price index rose 2.1% on-year in March, slower than a 3.2% on-year rise in February and the expected median 2.4% gain.Lower CPI eases...
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Is USD/JPY ready for 100?
22.04.2013 Market moving events last week -The ZEW economic expectations indicator declined for the first time in five months to 36.3 points in April from 48.5 points in March, well below economists’...
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ECB to ease further?
29.04.2013 Market moving events last week -The U.S. economy grew more slowly than expected in the first quarter, expanding 2.5% versus expectations of a 3.2% rise. A decrease in government spending and...
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US Dollar Biased Up Versus JPY
06.05.2013 Market moving events last week -Looks like the Fed fired up its copy machine on Wednesday. FOMC policy statement deviated very little from what was seen in March. The Fed still sees progress...
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EUR/USD on crossroads
13.05.2013 Market moving events last week -RBA decided to wake up the markets by cutting interest rates to a record low of 2.75% on Tuesday. The decision surprised the majority of analysts, who had...
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Fed to stop the printing press?
20.05.2013 Market moving events last week -Germany’s economy had a surprisingly weak start to the year, depressed by “extremely winterly weather” as well as sagging exports and slack investment. Gross...
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QE On/Off talk to continue
27.05.2013 Market moving events last week -The minutes from the April 30 – May 1 FOMC meeting showed that “a number” of officials were open to tapering large-scale asset purchases as early as the June...
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Focus shifts to ECB and NFP
03.06.2013 Market moving events last week -German unemployment for May came in much higher than expected with an increase of 21k on the month compared to expectations for +5k. There was also an upward...
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ECB meeting today
04.07.2013 The euro traded 0.6 percent from its weakest in more than a month before the European Central Bank meets today following recent comments from President Mario Draghi that monetary policy will...
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US nonfarm payrolls rose more than expected
EUR/USD has probably bottomed as economic numbers improve Key market moving events today - French trade balance come back worse than expected -6.0B compared to previous -4.5B - German factory orders...
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Canadian building permits better than expected
Canadian building permits better than expected Key market moving events today - June German’s trade balance falls more than expected to 14.1B - May German’s industrial production fell 1% which is...
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A bad day for GBP
It was bad day for GBP, manufacturing and industrial production did not meet expectations Key market moving events today - British manufacturing production come -0.8% expected was 0.3% - British...
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Italy’s rating were lowered to BBB
Italy’s rating were lowered to BBB Key market moving events today - AUD westpac consumer sentiment lower than previously - JPY consumer confidence at 44.3 which is lower what expected and previously....
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EUR/USD spiked on Bernanke comments
EUR/USD spiked on Bernanke comments Key market moving events today - Australian employment change in June was 10.3K which was substantially higher than expected at 0.3K - Australian Unemployment rate...
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Currency market was quite peaceful today
Currency market was quite peaceful today Key market moving events today - In Australian new home loans given to new home owners was lower than expected at 1.8% expected was 2.3% - Eurozone industrial...
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Weekly report: 8-12 July
14.07.2013 Market moving events last week #1 The Canadian building permits come in better than expected. It was a fifth month in a row for building permits to rise. Canadian real estate market looks...
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