Posts Tagged “Report”
Mid-Day Report: Risk Aversion Back as Greece CDS Makes Record High, Yen Surges
By admin | June 24, 2010
Risk aversion comes back to dominate the markets today as Greece’s five-year sovereign credit default swaps jumped to new record high above 970 basis point today. Japanese yen is sharply higher with EUR/JPY breaks 110 level while USD/JPY also breaches 90 level. Dollar is mildly higher against other major currencies View full post on Action Insight [...]
Mid-Day Report: Sterling Surges as Sentence Voted for Hike, Canadian Dollar Lower on Retail …
By admin | June 23, 2010
Sterling rises sharply today as BoE minutes showed that policy Sentence voted for a 25bps hike in last meeting. The minutes revealed that the Committee voted 7-1 to keep the bank rate unchanged at 0.5%. This was the first time in almost 2 years that a rate hike was proposed. View full post on Action Insight [...]
Daily Report: Dollar Recovers as Impact from China Fades, Focus Turns to UK Budget
By admin | June 22, 2010
The impact from China’s unpeg was brief as reversed yesterday’s loss against European majors even though it’s still down against Aussie and Kiwi. Asian stocks are generally lower today following yesterday’s reversal in US equities while gold is all sharply lower from record high of 1266.5. Dollar index is back View full post on Action Insight [...]
Risk appetite remains strong as lifted by China’s announcement of letting Yuan gains. US stocks open higher with DOW up over 100 pts in initial trading, following broad based rally in European and Asian equities. Crude oil remains firm in early US session and trading around 78.5 level while gold View full post on Action Insight [...]
Risk appetite is given a strong boost in Asia today on China’s intention to let Yuan appreciate freely. The People’s Bank of China published a statement called ‘Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility’ on Saturday and stated ‘recovery and upturn of the View full post on Action Insight [...]
Mid-Day Report: Sterling Pares Gains Despite Solid Data, Gold Makes New Record High
By admin | June 18, 2010
Sterling fails to maintain earlier gains in spite of better than expected data released from UK today. Mortgage approvals rose slightly to 51k in May while public sector net borrowings rose less than expected to GBP 16b in may. Nevertheless, markets hesitated to push sterling further through fibonacci resistance against View full post on Action Insight [...]
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 [...]
The Japanese yen is slightly higher today and is gaining momentum in early European session. Bank of Japan left rates unchanged at 0.1% as widely expected. BoJ announced details of a JPY 3T loan scheme, which aims to get Japan out of deflation and achieve sustainable growth with price stability. View full post on Action Insight [...]