Posts Tagged “Recovery”
The yen weakened against all of its most-traded counterparts as Asian equities ended two days of losses, boosting demand for higher-yielding currencies. The dollar gained versus Japan’s currency after Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery is moving at a ‘moderate’ pace. Europe’s common currency rose as View full post on Technical Analysis
The uncertainty created by Europe’s sovereign debt crisis caused ripples in financial markets in the past month but, outside the region, had little effect on the pace of economic growth. Data from Canada and the US confirmed that the recoveries are underway with Canada overshooting expectations while the U.S. economy View full post on Long Term [...]
The global recovery has remained on track this year and been even stronger than expected in most regions. In the US the consumer revival has been very robust and investment spending has gathered pace, as recently witnessed by strong durable goods orders. As we highlighted in Global Scenarios in March View full post on Long Term [...]
The economic recovery is on track with ongoing, but gradual, signs of progress among consumers and businesses, but with some more erratic developments in housing. In Q4 09, the economy delivered its second positive quarter on growth following the recession, with GDP expanding at 5.9% q/q AR. Indeed this turned View full post on Long Term [...]
Although the cross closed lower the past week, loss of downside momentum was evidenced in its hammer candle formation. However, we need a follow-through higher to confirm the efficacy of the mentioned candle pattern. With EURJPY vulnerable to the downside, a further downside weakness may be seen towards its 2010 View full post on Technical Analysis
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 [...]
Daily Report: Markets in Consolidation, Canadian Dollar Leads Recovery But Remains Vulnerable
By admin | May 24, 2010
Dollar and yen continue to consolidate against major currencies as risk sentiments are generally stabilized. News of collapse of Cajasur bank in Spain, which led to Bank of Spain’s step in, had little impact on the markets. Canadian dollar is leading the recovery against dollar as last week’s strong retail View full post on Action Insight [...]
The pair closed slightly lower on Thursday after printing a 2010 low at 1.4226 and failing to sustain it. This development continues to suggest that GBP could be shaping up for a possible correction. However, with an offered tone still seen, the pair remains vulnerable its 2010 low at 1.4226. If below that level is [...]