Posts Tagged “Dollar”
Dollar remains generally soft today as European stocks open mildly higher while gold stays firm near to record high. World bank said in its quarterly update that "China’s economic outlook remains favorable" even though growth "is probably going to ease a bit from the very rapid pace in the first View full post on Action Insight [...]
Dollar and yen are generally soft against other major currencies as risk appetite dominates markets today. Japanese Nikkei rose 1.81% to close above 10000 at 10067 following 2.1% rally in DOW overnight. Crude oil extended recent rebound and is trading above 77 level for the moment. Dollar index is hovering View full post on Action Insight [...]
Spain raised EUR 5.2b at its 12 and 18-month T-bill auction today. The auction was at a cost of sharply higher yields. The 12-month bill paid an average yield of 2.303% up from 1.59% in May, while the 18-month bill gave 2.837%, up from 1.951%. Nevertheless, the auction was viewed View full post on Action Insight [...]
The euro fell for the first time in four days against the yen on speculation the 16-nation region’s economic recovery will stall as governments cut spending to tackle the debt crisis. The single currency also dropped against the dollar before a German report forecast to show investor confidence in Europe’s View full post on Technical Analysis
Weekly Review and Outlook: Dollar Pulled Back as Risk Sentiments Improved, More Consolidations Ahead
By admin | June 13, 2010
Risk sentiment was given a boost last week by strong data from Asia. China exports jumped the most in six years by 48.5% yoy in April. Japan Q1 GDP was revised up to 5.0% annualized. Australia unemployment rate dropped to 5.4% in May. MSCI World index staged a strong rebound View full post on Action Insight [...]
Sentiments of global investors were boosted by strong data from China today and pushed stocks higher broadly. DOW managed to rise 2.76% or 273pts to close at 10172 while S&P 500 jumped 2.76%. There were also additional support from job data from US. While initial jobless claims failed to have View full post on Action Insight [...]
Dollar pared earlier losses as stocks failed to sustain initial gains and reversed. DOW once soared to as high as 10065 but couldn’t sustain above 10,000 level and closed -40.7 pts lower at 9899. Equities were dragged down by speculations that BP wouldn’t be able to recover from the oil View full post on Action Insight [...]
Investors confidence continue to be supported by rumor or strong data from China. Reuters, quoting 3 unidentified persons, said that China’s exports expanded +50% y/y in May and new loans reached +RMB 630B, exceeding consensus forecasts of RMB 600B. China stocks rose the most in two weeks with Shanghai composite View full post on Action Insight [...]