Posts Tagged “MidDay”
Dollar is mildly higher in early US session after ADP report showed 55k expansion in the private job market in May, basically inline with expectation. Prior month’s figure was revised up from 32k to 65k. While the data was solid, it doesn’t support the view of an exceptionally strong Non-farm View full post on Action Insight [...]
Dollar is slightly firmer today on rumors that Iran central bank began the process to reduce euro reserves from 55% to 20-25% and convert them to dollar and gold. The first stage of sales has started, which involves selling of 15b euros and is expected to be completed by September View full post on Action Insight [...]
Mid-Day Report: Canadian Dollar Lifted by Solid GDP Data ahead of Tomorrow’s BoC Decision
By admin | May 31, 2010
Canadian dollar strengthens in early US session after release of stronger than expected GDP data. March GDP grew 0.6% mom, above expectation of 0.5% and stronger than Feb’s 0.3%. Q1 GDP annualized also rose more than expected by 6.%. IPPI rose 0.3% mom while RMPI rose 1.7% in April, both View full post on Action Insight [...]
Markets remains generally steady in early US session. Data showed consumer spending in US was unexpectedly flat in April versus expectation of 0.3% growth. Personal income also rose less than expected by 0.4%. Major currencies are mildly lower against dollar and yen after the release. European stocks pare some of View full post on Action Insight [...]
EUR/GBP drops further to as low as 0.8421 so far and the break of 0.8427 support confirms that whole decline form 0.9137 has resumed. Intraday bias remains on the downside and further fall should be seen to 0.8399 key support level next. Break will target 100% projection of 0.9410 to View full post on Action Insight [...]
While markets are generally in consolidation today, Euro is noticeably soft. EUR/CHF has another fall to as low as 1.4175. EUR/AUD and EUR/CAD dive to 1.4754 and 1.3065, way off last week’s high of 1.5455 and 1.4710 respectively. EU unveiled its proposal for EU countries to form national funds to View full post on Action Insight [...]
Mid-Day Report: Yen and Dollar Extends Rally, Financial System Stress Heightens
By admin | May 25, 2010
The Japanese yen, and to a lesser extent dollar, jump sharply higher today as global stock markets are weighed down by fear of contagion effect from Spain’s banking problems. Major European indices are down over -3% in the middle of the day before recovering mildly, following -3.0% fall in Nikkei. View full post on Action Insight [...]
Markets sentiments are mildly hit by renewed concern in the financial health of Eurozone countries. European major indices give up earlier gains and turned read but loss is so far limited. DOW opens lower but is being resilient to 11000 level so far. Crude oil continues to struggle around 70 View full post on Action Insight [...]
While global stocks continue tumbling, the forex markets remain relatively steady. Some renewed buying is seen in Yen into US session but major yen crosses are stuck in range so far. Canadian dollar is also steady after solid economic data. Canadian CPI rose 0.3% mom, 1.8% yoy in April, above expectation of 0.2% mom, 1.7% [...]