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Thread: Daily Market Outlook from ACFX

  1. #11

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    Daily Market Outlook

    Posted by on February 5, 2013

    Important Financial Indicators of the day Forecast Previous

    GBP 11:30 (GMT) Services PMI 49.8 48.9
    USD 17:00 (GMT) ISM Non-Manufacturing PMI 55.2 56.1

    Currencies

    EUR/USD The euro fell against the yen,
    following yesterday’s drop which was the biggest since June,
    amid corruption allegations against Spanish Premier Mariano
    Rajoy and uncertainty ahead of Italian elections this month.

    The euro fell 0.2 percent to 124.59 yen as of 1:58 p.m. in
    Tokyo from yesterday, when it dropped 1.4 percent, the most
    since June 25. It declined 0.2 percent to $1.3488. The yen was
    little changed at 92.37 per dollar after yesterday falling as
    low as 93.18, the weakest since May 13, 2010.

    AUD/USD Australia’s dollar fell against all of its major peers, erasing earlier gains, after the central bank signaled it’s prepared to cut interest rates to a record- low this year after holding them unchanged today.

    The Aussie fell 0.3 percent to $1.0404 at 4:50 p.m. in Sydney from yesterday, after earlier climbing as much as 0.2 percent. It declined 0.3 percent to 96.12 yen, after touching 97.08 in New York, the highest since August 2008. New Zealand’s kiwi dollar slid 0.1 percent to 84.20 U.S. cents from yesterday. It was down 0.1 percent at 77.80 yen.

    GBP/USD The pound appreciated from the weakest level in 15 months against the euro as political turmoil pressured Spanish and Italian government bonds and boosted the relative appeal of Britain’s currency.

    The pound strengthened 1.1 percent to 85.98 pence per euro
    at 4:49 p.m. London time after depreciating to 87.17 pence on
    Feb. 1, the weakest since Oct. 31, 2011. Sterling advanced 0.3
    percent to $1.5746 after declining 0.7 percent last week

    Commodities

    Oil traded near the lowest level in more than a week in New York, after sliding the most in two months, before a report that may show rising stockpiles in the U.S., the world’s biggest crude consumer.

    Crude for March delivery was at $96.11 a barrel, down 6 cents, in electronic trading on the New York Mercantile Exchange at 1:44 p.m. Singapore time. The volume of all futures traded was 57 percent above the 100-day average. The contract slid $1.60 yesterday to $96.17, the lowest close since Jan. 25 and the biggest decrease since Dec. 6. that may show rising stockpiles in the U.S., the world’s biggest crude consumer.

    Brent for March settlement declined 40 cents to $115.20 a
    barrel on the London-based ICE Futures Europe exchange. The
    volume of all futures traded was 68 percent above the 100-day
    average. The European benchmark grade was at a premium of $19.10
    to West Texas Intermediate futures, from $19.43 yesterday.

    Equities

    Asian stocks fell, dragging the
    regional benchmark equities index down from an 18-month high,
    amid renewed concern about Europe’s debt crisis.

    The MSCI Asia Pacific Index (MXAP) slid 0.7 percent to 132.72 as of 11:38 a.m. in Hong Kong, with almost four stocks falling for each that rose

    European stocks U.K. stocks tumbled the most in almost three months as Vodafone Group Plc retreated and Spanish and Italian bonds declined amid political uncertainty in both Mediterranean countries.

    The FTSE 100 lost 100.4 points, or 1.6 percent, to 6,246.84 at the close in London, its biggest drop since Nov. 7. The equity benchmark has still gained 5.9 percent in 2013, its best start to a year since 1998, as U.S. lawmakers agreed on a compromise budget. The broader FTSE All-Share Index retreated 1.5 percent today, while Ireland’s ISEQ Index lost 1 percent.

    U.S stocks fell, driving the Standard & Poor’s 500 Index to its biggest decline since November, on concern that the European debt crisis may intensify.

    The S&P 500 slipped 1.2 percent, the most since Nov. 14, to 1,495.71 in New York, after reaching a five-year high last week. The Dow (INDU) Jones Industrial Average lost 129.71 points, or 0.9 percent, to 13,880.08. More than 6.3 billion shares traded handed on U.S. exchanges today, in line with the three-month average.

  2. #12

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    Daily Market Outlook 08/08/2013



    Important Financial Indicators of the day


    JPY - Tentative - BOJ Press Conference

    USD - 15:30 (GMT) - Unemployment Claims

    Forecast 336K

    Previous 326K




    Currencies

    •AUD/USD Australia’s dollar surged to the highest this month against the greenback after imports in China, the South Pacific nation’s biggest trading partner, rose more than expected in July.
    •The Australian dollar gained 0.6 percent to 90.56 U.S. cents as of 1:45 p.m. in Sydney from yesterday, after reaching 90.71, the highest since July 31. New Zealand’s currency slipped 0.2 percent to 79.57 U.S. cents, after touching 79.98 yesterday, also the highest since July 31.

    •USD/JPY The yen rose to a seven-week high versus the dollar amid bets the Bank of Japan at its policy meeting tomorrow will refrain from adding to stimulus that’s helped weaken the currency 11 percent this year.
    •The yen added 1.4 percent to 96.33 per dollar at 5 p.m. in New York, the strongest level since June 20. Japan’s currency climbed 1.2 percent to 128.47 per euro. The euro added 0.2 percent to $1.3336 after touching $1.3345, matching a six-week high set July 31.

    •USD/CAD Canada’s dollar slid to the lowest in almost four weeks as commodities fell for a fourth day and stocks sank amid bets the Federal Reserve may slow quantitative-easing stimulus in the nation’s biggest trade partner.
    •The loonie, as the currency is nicknamed for the image of the aquatic bird on the C$1 coin, depreciated 0.4 percent to C$1.0423 per U.S. dollar at 5 p.m. in Toronto. It touched C$1.0445, the weakest level since July 11. One Canadian dollar buys 95.91 U.S. cents.



    Commodities

    •Oil West Texas Intermediate crude rose for the first time in five days as exports and imports climbed last month in China, the world’s second-biggest oil consumer •WTI for September delivery gained as much as 51 cents to $104.88 a barrel in electronic trading on the New York Mercantile Exchange and was at $104.82 at 1:45 p.m. Sydney time. The volume of all futures traded was 20 percent below the 100-day average. The contract decreased 93 cents to $104.37 yesterday, the lowest since July 30.
    •Brent for September settlement rose 41 cents to $107.85 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $3.01 to WTI futures, down from $3.07 yesterday.

    •Gold advanced before a report today that may show U.S. jobless claims increased, potentially delaying moves by the Federal Reserve to slow the pace of bond purchases. Silver and platinum climbed.
    •Bullion for immediate delivery gained as much as 0.6 percent to $1,294.85 an ounce and was at $1,292.77 by 10:12 a.m. in Singapore. Prices touched $1,273.02 yesterday, the lowest since July 17. Gold for December delivery rose 0.5 percent to $1,291.40 an ounce on the Comex.



    Equities

    •Asian stocks rose, led by health-care companies, after the Bank of Japan maintained its stimulus policy and Chinese exports grew more than forecast.

    The MSCI Asia Pacific Index gained 0.6 percent to 134.14 as of 11:15 a.m. in Hong Kong, with all 10 industry groups on the gauge advancing. Two shares rose for each that declined.

    •European stocks fell as the Bank of England said it won’t raise interest rates or reduce bond purchases until the U.K.’s jobless rate falls to 7 percent, sparking concern it expects the economic recovery to be slow.

    •The Stoxx Europe 600 Index declined 0.2 percent to 302.81 at the close of trading, as Bank of England Governor Mark Carney said the U.K. economy hasn’t reached “escape velocity.” The benchmark gauge has rallied 9.9 percent since June 24 as the Federal Reserve, the European Central Bank and the Bank of England pledged to continue stimulus.

    •U.S stocks declined, giving the Standard & Poor’s 500 Index (SPX) its first three-day drop since June 12, amid growing speculation the Federal Reserve will pare bond purchases this year as the economy strengthens.

    •The S&P 500 slid 0.4 percent to 1,690.91 at 4 p.m. in New York. The benchmark gauge has fallen 1.1 percent this week after closing at a record on Aug. 2. The Dow Jones Industrial Average decreased 48.07 points, or 0.3 percent, to 15,470.67 today. About 5.5 billion shares changed hands on U.S. exchanges, 12 percent below the three-month average.

  3. #13

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    Daily Market Outlook from ACFX 08/09/2013


    Important Financial Indicators of the day

    CAD - 15:30 (GMT) - Employment Change
    Forecast 6.2K
    Previous -0.4K

    CAD - 15:30 (GMT) - Unemployment Rate
    Forecast 7.1%
    Previous7.1%



    Currencies

    •EUR/USD The dollar is poised to drop against most of its major peers this week before Chinese data that will probably add to signs of stabilization in the Asian economy, buoying demand for higher-yielding assets. •The euro was little changed from yesterday at $1.3384 and set for a 0.8 percent weekly gain. It yesterday reached $1.34, the strongest level since June 19. The shared currency dropped 0.2 percent to 129.06 yen, set for a 1.7 percent decline since Aug. 2. The dollar slid 0.3 percent to 96.43 yen, heading for a 2.5 percent weekly loss, the most since the middle of June

    •GBP/USD The pound strengthened to a seven-week high against the dollar after Bank of England Governor Mark Carney reiterated policy makers’ commitment to bring down inflation, fueling speculation interest rates will rise. •The pound advanced 0.4 percent to $1.5550 at 4:32 p.m. London time after rising to $1.5574, the highest level since June 19. Sterling was little changed at 86.10 pence per euro after advancing to 85.79 pence yesterday, the strongest since July 10.

    •USD/CAD Canada’s dollar strengthened the most in almost a month after improved trade data from China and Germany added to signs the global economy is recovering, fueling speculation demand for the nation’s commodities will increase.

    •Canada’s currency, nicknamed the loonie for the image of the bird on the C$1 coin, appreciated 0.9 percent, the most on a closing basis since July 11, to C$1.0328 per U.S. dollar at 5 p.m. in Toronto. It gained as much as 1.1 percent to C$1.0304, the strongest level since Aug. 1, after sliding yesterday to C$1.0445, the weakest since July 11. One Canadian dollar purchases 96.82 U.S. cents



    Commodities

    •Oil West Texas Intermediate crude rose for the first time in six days, trimming a weekly decline before government data forecast to show that retail sales climbed last month in China, the second-biggest oil consumer.

    •WTI for September delivery advanced as much as 96 cents to $104.36 a barrel in electronic trading on the New York Mercantile Exchange and was at $104.25 at 1:16 p.m. Sydney time. The volume of all futures traded was 26 percent below the 100-day average. The contract fell 97 cents to $103.40 yesterday. Prices are down 2.5 percent this week.

    •Brent for September settlement rose as much as 52 cents to $107.07 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $2.87 to WTI futures, down from $3.28 yesterday.

    •Gold traded near its highest in four days after climbing the most in more than two weeks yesterday as investors weighed speculation the Federal Reserve will pare bond purchases. Platinum rose to the highest in two months.

    •Bullion for immediate delivery added as much as 0.3 percent to $1,317.10 an ounce and was at $1,314.74 by 10:59 a.m. in Singapore. Prices rose 2 percent yesterday, the most since July 22, and are set to gain 0.2 percent this week. Gold for December increased 0.3 percent at $1,313.90 on the Comex in New York.


    Equities
    •Asian stocks index is on course to snap its longest weekly winning streak since January after Nikon Corp. (7731) cut its profit forecast and as investors await Chinese industrial production data.

    •The MSCI Asia Pacific Index slid 0.2 percent to 133.56 as of 12:48 p.m. in Tokyo, with four stocks falling for every three that rose. The gauge is headed for a 1.5 percent decline this week, ending six weeks of gains. That was the longest run of weekly gains since the first week of this year.

    •U.S stocks rose, with the Standard & Poor’s 500 Index halting a three-day drop, as Chinese trade data topped estimates and jobless claims fell to the lowest monthly rate since before the recession.

    •The S&P 500 climbed 0.4 percent to 1,697.48 at 4 p.m. in New York, paring the index’s weekly drop to 0.7 percent. The Dow Jones Industrial Average gained 27.65 points, or 0.2 percent, to 15,498.32. About 5.9 billion shares changed hands on U.S. exchanges, 6.9 percent below the three-month average

  4. #14

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    Daily Market Outlook from ACFX 08/12/2013


    Important Financial Indicators of the day

    JPY - 02:50 (GMT) - Prelim GDP q/q

    Forecast 0.9%

    Previous 1.0%



    Currencies

    •EUR/USD The Dollar Index climbed for a second day before U.S. data forecast to show retail sales rose a fourth-straight month, adding to the case for the Federal Reserve to reduce monetary stimulus.•The greenback rose 0.3 percent to 96.51 yen, after dropping to 95.81 on Aug. 8, the lowest since June 19. It added 0.1 percent to $1.3325 per euro. Europe’s shared currency rallied 0.2 percent to 128.60 yen after earlier reaching 127.98, the weakest since June 27.

    •NZD/USD New Zealand’s two-year swap rate was near the highest since 2011 after a private report showed housing prices remained close to an all-time high in the South Pacific nation. •New Zealand’s currency was little changed at 80.31 U.S. cents, while the Aussie fell 0.2 percent to 91.86 U.S. cents. The kiwi climbed 2.6 percent and the Aussie jumped 3.4 percent last week, the biggest gain for both currencies since December 2011.


    Commodities

    •Oil West Texas Intermediate crude swung between gains and losses after the biggest rally in more than a week as hedge funds cut bullish bets. •WTI for September delivery was at $106.07 a barrel in electronic trading on the New York Mercantile Exchange, up 10 cents at 2:40 p.m. Singapore time. The contract advanced $2.57 to settle at $105.97 on Aug. 9. The volume of all futures traded was 13 percent below the 100-day average. Prices fell 0.9 percent last week.
    •Brent for September settlement slid 14 cents to $108.08 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $2.02 to WTI contracts. The spread narrowed on Aug. 9 for the first time in six days to $2.25

    •Gold climbed to the highest level this month after holdings in the biggest bullion-backed exchange-traded product expanded for the first time since June. Platinum advanced for a fourth day to a two-month high. •Bullion for immediate delivery rallied as much as 1.5 percent to $1,333.94 an ounce, the highest price since July 31, and traded at $1,331.69 at 2:05 p.m. in Singapore. Gold for December delivery climbed as much as 1.6 percent to $1,333 an ounce on the Comex in New York and was at $1,330.40.



    Equities

    •Asian stocks outside Japan rose as Chinese property developers and commodities companies climbed. Japanese shares fell after growth in the world’s third-largest economy slowed more than forecast.

    •The MSCI Asia Pacific excluding Japan Index advanced 1 percent to 444.77 as of 2:30 p.m. in Hong Kong. All 10 groups on the gauge rose. More than two stocks climbed for each that dropped. China’s Shanghai Composite Index (SHCOMP), now at the cheapest valuation of the world’s top 10 stock markets, added 2 percent, on course for the highest closing level in two months

    •European stocks have risen half as much as global benchmarks this year, leaving them cheaper than equities in the U.S. and Asia as the region’s economy starts to recover from the longest recession on record.
    •After a 7.2 percent gain in 2013, the Euro Stoxx 50 Index (SX5E) trades at 12.5 times projected earnings, 6.7 percent less than in 2009, the last time the euro area was in the final quarter of a contraction, data compiled by Bloomberg show. In the U.S., where the economy is in its 10th straight quarter of growth, the Standard & Poor’s 500 Index is valued at 15.3 times estimated profit and Japan’s Topix trades at 14.2 times income after Prime Minister Shinzo Abe vowed to end two decades of deflation.

    •U.S stocks fell for the week, with benchmark indexes posting the worst losses since June, as better-than-estimated data on trade and service industries fueled concern the Federal Reserve may reduce its stimulus.
    •The Standard & Poor’s 500 Index dropped 1.1 percent to 1,691.42. The Dow Jones Industrial Average slid 232.85 points, or 1.5 percent, to 15,425.51. Both gauges capped their worst week since June 21 after closing at records on Aug. 2.

  5. #15

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    Daily Market Outlook from ACFX 08/13/2013

    Important Financial Indicators of the day

    GBP - 11:30 (GMT) - CPI y/y - Forecast 2.8% - Previous 2.9%
    EUR - 12:00 (GMT) - German ZEW Economic Sentiment - Forecast 40.3 - Previous 36.3
    USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.4% - Previous 0.0%
    USD - 15:30 (GMT) - Retail Sales m/m - Forecast 0.2% - Previous 0.4%


    Currencies

    ◾EUR/USD The dollar touched the highest in
    almost a week versus the yen before a report today that may show
    U.S. retail sales climbed for a fourth month.

    ◾The dollar rose 0.4 percent to 97.30 yen as of 1 p.m. in
    Tokyo after earlier touching 97.44, the strongest since Aug. 7.
    It fetched $1.3310 per euro, down 0.1 percent from yesterday.
    Japan’s currency slid 0.5 percent to 129.49 per euro.

    ◾AUD/USD Australia’s dollar fell for a second
    day before U.S. data that may show retail sales climbed, adding
    to the case for the Federal Reserve to taper monetary stimulus
    that tends to weaken the greenback.

    ◾Australia’s currency lost 0.4 percent to 91.14 U.S. cents
    as of 10:07 a.m. in Sydney from yesterday. The kiwi dollar
    dropped 0.5 percent to 79.76 U.S. cents. It posted a 2.6 percent
    weekly gain on Aug. 9, the most since December 2011

    ◾USD/CAD Canada’s dollar declined for the
    first time in three days after it failed to breach a key
    technical level, a move that might have signaled gains beyond a
    one-week high it reached last week, spurring speculation the
    currency’s run of strength is at an end.

    ◾Canada’s currency depreciated 0.2 percent to C$1.0307 per
    U.S. dollar at 5 p.m. in Toronto after gaining earlier to
    C$1.0281. Its 100-day moving average is C$1.0279. It touched
    C$1.0276 on Aug. 9, the strongest level since Aug. 1. One
    Canadian dollar buys 97.02 U.S. cents.


    Commodities

    ◾Oil West Texas Intermediate crude traded
    near the highest price in five days amid speculation that U.S.
    stockpiles fell for the sixth time in seven weeks as summer
    driving buoyed demand.

    ◾WTI for September delivery was at $106.18 a barrel in
    electronic trading on the New York Mercantile Exchange, up 7
    cents at 12:20 p.m. Singapore time. The volume of all futures
    traded was 34 percent below the 100-day average. Prices have
    climbed 16 percent this year.

    ◾Brent for September settlement gained 2 cents to $108.99 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $2.83 to WTI, from $2.86 yesterday.

    ◾Gold snapped a four-day advance as a
    rally to the highest level in almost three weeks damped demand
    and prompted some investors to sell. Silver declined.

    ◾Spot gold fell as much as 0.6 percent to $1,330.35 an ounce
    and was at $1,336.55 at 11:57 a.m. in Singapore. Bullion climbed
    4.3 percent in the four days through yesterday, when it touched
    $1,344.40, the highest price since July 24.


    Equities

    ◾Asian stocksrose for a fourth day, with Japanese shares gaining after the yen weakened as a report showed machinery orders beat estimates and amid a report Prime Minister Shinzo Abe is considering a corporate-tax cut.

    ◾The MSCI Asia Pacific Index added 0.5 percent to 134.81 as of 11:39 a.m. in Hong Kong, with about three shares rising for each that fell. Nine of the 10 industry groups increased on the gauge, which is headed for its longest winning streak in six weeks.

    ◾European stocks closed little
    changed at a 10-week high as a rally in mining companies offset
    slower-than-forecast economic growth in Japan.

    ◾The Stoxx Europe 600 Index increased less than 0.1 percent to 306.08 at the close of trading, having earlier risen as much as 0.2 percent ad declined 0.6 percent. The benchmark gauge added 0.6 percent last week as better-than-forecast economic data in Europe and China outweighed concern that the Federal Reserve will reduce the pace of its bond-purchase program. The measure has rallied 9.4 percent .

    ◾U.S stocks fell, giving the Standard & Poor’s 500 Index to its fifth drop in
    six sessions, as data showed a slowdown in Japan’s economic growth and
    investors awaited tomorrow’s report on America’s retail sales.

    ◾The S&P 500 fell 0.1 percent to 1,689.47 at 4 p.m. in New York, extending its loss from a record high to 1.2 percent. The Dow Jones Industrial Average declined 5.83 points, or less than 0.1 percent, to 15,419.68. About 5 billion shares changed hands on U.S. exchanges, 20 percent below the three-month average.

  6. #16

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    Daily Market Outlook 08/16/2013

    Important Financial Indicators of the day


    CAD - 15:30 (GMT) - Manufacturing Sales m/m - Forecast 0.5% - Previous 0.7%
    USD - 15:30 (GMT) - Building Permits - Forecast 0.95M - Previous 0.92M
    USD - 16:55 (GMT) - Prelim UoM Consumer Sentiment - Forecast 85.6 - Previous 85.1


    Currencies

    ◾EUR/USD The dollar headed for its biggest weekly advance in a month against the yen before U.S. reports that economists said will show housing starts and consumer confidence improved.

    ◾The dollar was little changed at 97.35 yen at 8:36 a.m. in
    London, having risen 1.2 percent this week, the most since the
    period ended July 19. The U.S. currency was also little changed
    at $1.3348 per euro. The yen traded at 129.92 per euro from
    129.97 yesterday.

    ◾GBP/USD The pound headed for a second
    weekly gain versus the dollar and the euro after data added
    to signs the U.K. economy is strengthening.

    ◾The pound slid 0.1 percent to $1.5626 at 7:39 a.m. London
    time after appreciating to $1.5652 yesterday, the highest since
    June 19. It has gained 0.8 percent this week. The U.K. currency
    was little changed at 85.35 pence per euro after reaching 85.05
    pence yesterday, the strongest since July 3. It has appreciated
    0.8 percent since Aug. 9.

    ◾USD/CAD Canada’s dollar gained the most this week as speculation the Federal Reserve will begin slowing stimulus as soon as September weighed on demand for assets denominated in the U.S. currency.

    ◾The loonie, as Canada’s currency is nicknamed for the image
    of the aquatic bird on the C$1 coin, appreciated 0.4 percent,
    the most on a closing basis since Aug. 9, to C$1.0306 per U.S.
    dollar at 5 p.m. in Toronto. It declined earlier to C$1.0364
    after touching C$1.0370 yesterday, the weakest since Aug. 8. One
    loonie buys 97.03 U.S. cents



    Commodities

    ◾Oil West Texas Intermediate crude traded
    near the highest price in two weeks as an escalating conflict in
    Egypt fanned concern that oil shipments through the country may
    be disrupted.

    ◾WTI for September delivery was at $107.39 a barrel in electronic trading on the New York Mercantile Exchange, up 6 cents at 3 p.m. Singapore time. The volume of all futures traded was 26 percent below the 100-day average. The contract ended yesterday’s session at $107.33, the highest close since Aug. 1. Prices have advanced 1.3 percent this week.

    ◾Brent for October settlement increased 3 cents to $109.63 a
    barrel on the London-based ICE Futures Europe exchange. The
    September contract expired yesterday after climbing 91 cents to
    $111.11, the highest since March 7. The front-month European
    benchmark crude was at a premium of $2.54 to WTI futures. The
    spread widened for a fourth day yesterday to $3.78.

    ◾Gold traded near a two-month high,
    set for the best week in five, on signs of increased physical
    demand and as sales from exchange-traded products slowed. Silver
    was set for the best week since October 2011.

    ◾Spot gold rose as much as 0.5 percent to $1,372.97 an ounce,
    the highest since June 19, and traded at $1,364.55 at 2:05 p.m.
    in Singapore. Silver was little changed at $23.01 an ounce after
    yesterday rising more than 20 percent from a 34-month low on
    June 27 to meet the common definition of a bull market.



    Equities

    ◾Asian stocks fell as investors shied away from riskier assets after an unexpected drop in U.S. jobless claims fueled speculation the Federal Reserve will cut stimulus next month. Chinese shares reversed the biggest intraday surge since March 2009.

    ◾The MSCI Asia Pacific Index slid 0.5 percent to 134.23 as of 2:20 p.m. in Hong Kong, with all 10 industry groups on the gauge retreating. More than two shares dropped for each that rose. The measure is on course for a 0.2 percent gain this week.

    ◾European stocks were little changed,
    after the Stoxx Europe 600 Index dropped the most in more than
    five weeks yesterday, as investors awaited reports on the U.S.
    housing market. U.S. futures rose, while Asian shares fell.

    ◾The Stoxx 600 slipped 0.2 percent to 304.85 at 8:38 a.m. in London, extending its decline this week to 0.3 percent. Standard & Poor’s 500 Index futures added 0.3 percent, while the MSCI Asia Pacific Index retreated 0.2 percent.

    ◾U.S stocks fell the most since June as forecasts from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data pushed bond yields higher amid concern the Federal Reserve will reduce stimulus. ◾The Standard & Poor’s 500 Index slipped 1.4 percent, the most since June 20, to 1,661.32 at 4 p.m. in New York. The Dow Jones Industrial Average dropped 225.47 points, or 1.5 percent, to 15,112.19, the lowest level since July 3. About 6.6 billion shares exchanged hands on U.S. exchanges today, 4.5 percent above the three-month average. Treasury yields rose to the highest levels in two years.

  7. #17

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    Daily Market Outlook from ACFX 08/19/2013


    Currencies

    ◾EUR/USD The euro was 0.4 percent from a one-week high against its U.S. peer before German data this week
    that analysts predict may show the currency bloc’s largest
    economy is gaining momentum

    ◾The euro bought $1.3324 as of 1:28 p.m. in Tokyo from $1.3329 at the end of last week, when it touched $1.3380, the strongest level since Aug. 9. The currency was little changed at 130.01 yen. The dollar added 0.1 percent to 97.58 yen, after earlier strengthening as much as 0.3 percent.

    ◾AUD/USD Australia’s dollar rose to a three-week high on speculation minutes tomorrow of the Reserve Bank’s meeting this month will signal the central bank is in no hurry to cut interest rates.

    ◾The Australian currency gained 0.3 percent to 92.15 U.S.
    cents as of 2:30 p.m. in Sydney from Aug. 16, after touching
    92.33, the highest since July 29. New Zealand’s dollar gained
    0.2 percent to 81.20 U.S. cents, after touching 81.29, the
    strongest since June 14.




    Commodities

    ◾Oil West Texas Intermediate oil swung between gains and losses near a two-week high. Goldman Sachs Group Inc. raised its price forecasts for Brent, citing supply disruptions in Libya and Iraq.

    ◾WTI for September delivery, which expires tomorrow, climbed 9 cents to $107.55 a barrel in electronic trading on the New York Mercantile Exchange at 12:20 p.m. Singapore time. The volume of all futures traded was about 3 percent above the 100-day average. The contract ended the session at $107.46 on Aug. 16, the highest close since Aug. 1. The more active October future was up 7 cents at $107.36.

    ◾Brent for October settlement increased 8 cents to $110.48 a
    barrel on the London-based ICE Futures Europe exchange. It was
    at a premium of $3.12 to WTI. The spread narrowed for the first
    time in a week on Aug. 16 to $3.11.

    ◾Gold rose to a two-month high after
    holdings in the largest exchange-traded product posted the first
    weekly expansion this year. Silver headed for the longest rally
    since March 2008.

    ◾Spot gold gained as much as 0.6 percent to $1,384.55 an ounce, the highest since June 18, and traded at $1,382.45 at 10:05 a.m. in Singapore. Silver added 1.6 percent to $23.6225 an ounce, the highest since May 14, after entering a bull market last week



    Equities

    ◾Asian stocks fell for a third day as a retreat in emerging markets dragged the
    regional benchmark gauge to its lowest level in a week. Japan’s
    Topix index swung from losses to gains amid low trading volumes.

    ◾The MSCI Asia Pacific excluding Japan Index fell 0.5 percent to 444.56 as of 12:30 p.m. in Hong Kong. Seven of the 10 industry groups on the gauge dropped. The measure has lagged an increase in U.S. stocks this year as growth slows in China and speculation that the Federal Reserve will curb U.S. bond buying spurred investors to sell assets perceived as riskier across Asia and emerging markets. The Federal Open Market Committee’s July meeting minutes are scheduled to be released on Aug. 21.

    ◾European stocks advanced for a third straight week as data showing the euro area emerged from the longest recession on record outweighed speculation the Federal Reserve will trim monetary stimulus.

    ◾The benchmark Stoxx Europe 600 Index increased 0.1 percent to 306.36 this past week, extending its 2013 advance to 9.5 percent. The Euro Stoxx 50 Index added 1 percent for a sixth week of gains. Gross domestic product in the 17-nation euro area expanded 0.3 percent in the second quarter after a six straight periods of contraction

    ◾U.S stocks Investors are favoring U.S. stocks over emerging markets by the most
    ever as fund flows and volatility measures show institutions are
    increasingly seeking the relative safety of American equities.

    ◾The S&P 500 slid 2.1 percent to 1,655.83 last week, paring its gain
    this year to 16 percent, as data on rising retail sales, subdued
    inflation and a drop in jobless claims fueled speculation the Fed will
    cut monetary stimulus, known as quantitative easing. The central bank
    will probably reduce the $85 billion in monthly bond purchases next
    month

  8. #18

    Default

    Daily Market Outlook from ACFX 08/21/2013


    Important Financial Indicators of the day


    USD - 17:00 (GMT) - Existing Home Sales - Forecast 5.15M - Previous 5.08M
    USD - 21:00 (GMT) - FOMC Meeting Minutes


    Currencies

    ◾EUR/USD The dollar rose versus its Asia-Pacific counterparts as investors await the release today of
    minutes from the Federal Reserve’s last meeting for signals on
    when it may curtail monetary stimulus.

    ◾The euro bought $1.3422 from $1.3417 yesterday, when it
    reached $1.3452, the highest since Feb. 14. It was little
    changed at 130.52 yen.

    ◾GBP/USD The British pound is reversing its
    best monthly gain in a year against the Swiss franc as trading
    patterns suggest its rise was too much, too soon.

    ◾The pound has climbed 2.8 percent in August versus a basket of 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes, the biggest monthly gain since September 2011, as unemployment requests dropped more in July than economists forecast. Sterling bears view the data strength as temporary with the Bank of England remaining prepared to loosen monetary policy.

    ◾USD/CAD The Canadian dollar fell to the lowest in almost two weeks as oil, the nation’s biggest export, slid amid bets the Federal Reserve will slow monetary stimulus that has fueled demand for riskier assets as soon as next month. ◾The loonie, as Canada’s currency is nicknamed for the image of the aquatic bird on the C$1 coin, depreciated for a third day, losing 0.5 percent to C$1.0392 per U.S. dollar at 5 p.m. in Toronto. It touched C$1.0401, the weakest level since Aug. 8. One Canadian dollar buys 96.23 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude swung
    between gains and losses after declining the most in two months
    yesterday amid speculation the Federal Reserve will taper
    economic stimulus. Industry data showed U.S. supplies fell.

    ◾WTI for October delivery was at $104.90 a barrel, down 21
    cents, in electronic trading on the New York Mercantile Exchange
    at 12:35 p.m. Singapore time. The volume of all futures traded
    was about 29 percent below the 100-day average. The September
    contract expired at $104.96 yesterday after losing 2 percent,
    the most since June 20.

    ◾Brent for October settlement slid 35 cents to $109.80 a
    barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $4.90 to WTI. The
    spread was $5.04 yesterday, the widest since June 28.

    ◾Gold fluctuated between gains and
    losses before the U.S. Federal Reserve releases minutes from its
    last meeting, which may provide clues on whether the pace of
    stimulus will be slowed amid signs of increased bullion demand.

    ◾Spot gold gained and fell at least 0.3 percent, and was up
    45 cents at $1,371.62 an ounce at 11:30 a.m. in Singapore.
    Prices rose to a two-month high of $1,384.55 on Aug. 19. Assets
    in the biggest exchange-traded product expanded for the fourth
    time this month, while the volume for Shanghai’s benchmark spot
    contract climbed to the highest in more than two weeks.



    Equities

    ◾Asian stocks index fell for a fifth day to trade at the lowest level in six weeks before the release of minutes of the Federal Reserve’s July meeting.

    ◾The MSCI Asia Pacific Index dropped 0.7 percent to 130.68
    as of 12:20 p.m. in Hong Kong, with all 10 industry groups on
    the gauge falling. The measure fell 3.3 percent in the past four
    days to the lowest closing level since July 9.

    ◾European stocks fell for a second day, following Asian shares lower, amid speculation the Federal Reserve will curb its bond-buying program as soon as next month. ◾The Stoxx Europe 600 Index lost 0.8 percent to 302.25 at the close of trading, its lowest level since July 31. The equity benchmark has fallen 2.7 percent from its peak this year on May 22 as Fed Chairman Ben S. Bernanke said the U.S. central bank could pare stimulus measures if the economy improves in line with its forecasts.

    ◾U.S stocks rose, with the Standard & Poor’s 500 snapping a four-day losing
    streak, as retailers’ results surpassed estimates and investors awaited
    signals on stimulus measures from the Federal Reserve.

    ◾The S&P 500 rose 0.4 percent to 1,652.35 at 4 p.m. in New York. The
    Dow Jones Industrial Average fell 7.75 points, or less than 0.1 percent,
    to 15,002.99, erasing earlier gains of as much as 0.4 percent. Almost
    5.3 billion shares changed hands on U.S. exchanges today, 16 percent
    below the three-month average, as more than three stocks rose for each
    that fell.

  9. #19

    Default

    Daily Market Outlook from ACFX 08/22/2013


    Important Financial Indicators of the day


    EUR - 10:00 (GMT) - French Flash Manufacturing PMI - Forecast 50.4 - Previous 49.7
    EUR - 10:30 (GMT) - German Flash Manufacturing PMI - Forecast -51.1 - Previous 50.7
    USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.1% - Previous 1.2%
    USD - 15:30 (GMT) - Unemployment Claims - Forecast329K - Previous 320K


    Currencies

    ◾EUR/USD The dollar advanced versus most of
    its major counterparts before housing and employment data that
    may signal continued recovery in the U.S., boosting the case for
    a reduction in central bank stimulus.

    ◾The dollar added 0.5 percent to 98.17 yen as of 1:31 p.m. in Tokyo. It gained 0.1 percent to $1.3340 per euro after climbing 0.5 percent yesterday. Europe’s shared currency bought 130.96 yen, 0.4 percent stronger than the close in New York

    ◾AUD/USD Australia’s dollar rallied against
    all 16 major peers after a private report showed China’s
    manufacturing expanded for the first time in four months,
    boosting trade prospects.

    ◾Australia’s currency gained 0.3 percent to 89.93 U.S. cents
    at 3:23 p.m. in Sydney after falling 2.4 percent in the previous
    three sessions. The Aussie added 0.4 percent to NZ$1.1473 after
    touching NZ$1.1483, the highest since Aug. 5. New Zealand’s
    dollar was little changed at 78.43 U.S. cents.

    ◾USD/CAD The Canadian dollar dropped to a
    six-week low after after Federal Reserve meeting minutes showed
    officials in broad agreement to start tapering bond purchases
    later this year.

    ◾The loonie, as Canada’s currency is nicknamed for the image
    of the aquatic bird on the C$1 coin, depreciated 0.8 percent to
    C$1.0474 per U.S. dollar at 5 p.m. in Toronto after touching
    C$1.0483, the weakest level since July 10. One Canadian dollar
    buys 95.48 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude traded
    near the lowest level in almost two weeks as signs that the U.S.
    will taper economic stimulus this year raised speculation oil
    demand may falter in the world’s biggest consumer.

    ◾WTI for October delivery was at $103.60 a barrel, down 25 cents, in electronic trading on the New York Mercantile Exchange at 9:54 a.m. Sydney time. The volume of all futures traded was about 67 percent below the 100-day average. The contract slid $1.26 to $103.85 yesterday, the lowest close since Aug. 8.

    ◾Brent for October settlement fell 34 cents, or 0.3 percent,
    to $109.81 a barrel on the London-based ICE Futures Europe
    exchange yesterday. The European benchmark crude ended the
    session at a premium of $5.96 to WTI futures, the widest gap
    since June 26.

    ◾Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting, which reinforced expectations that stimulus will be tapered, against an unexpected increase in China’s manufacturing.

    ◾Spot gold fell as much as 0.8 percent to $1,355.30 an ounce,
    before trading 0.2 percent lower at $1,364.49 at 10:40 a.m. in
    Singapore. Prices fell 0.3 percent yesterday after the minutes
    of the July meeting showed policy makers were comfortable with a
    plan to start reducing bond buying later this year if the
    economy improves, with a few saying tapering may be needed soon.



    Equities

    ◾Asian stocks fell, with the regional
    gauge close to wiping out all this year’s gains, as it heads for
    its longest losing streak since November, after Federal Reserve
    minutes showed officials support stimulus cuts this year.

    ◾The MSCI Asia Pacific Index dropped 0.9 percent to 129.45 as of 2:20 p.m. in Tokyo, less than 0.1 percent away from wiping out this year’s gains. About two stocks declined for each that rose as all 10 industry groups fell on the measure.

    ◾European stocks posted their longest losing streak in eight weeks amid speculation that the minutes of the Federal Reserve’s July meeting will give further details of when the central bank will slow its monthly bond purchases.

    ◾The Stoxx Europe 600 Index slipped 0.5 percent to 300.61 at the close of trading, extending its lowest level since July 31. The gauge has fallen 3.2 percent from this year’s high on May 22 as speculation mounted that the Fed will start to slow the pace of its quantitative-easing program next month.

    ◾U.S stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts this year if the economy improves.

    ◾The Standard & Poor’s 500 Index (SPX) lost 0.6 percent to 1,642.80 at 4 p.m. in New York, the lowest since July 8. The Dow dropped 105.44 points, or 0.7 percent, to 14,897.55. The measure retreated for a sixth day, the longest losing streak since July 2012. About 5.6 billion shares changed hands on U.S. exchanges today, 11 percent below the three-month average.

  10. #20

    Default

    Daily Market Outlook from ACFX 08/23/2013



    Important Financial Indicators of the day

    Forecast

    Previous

    EUR - 10:00 (GMT) - French Flash Manufacturing PMI - Forecast 50.4 - Previous 49.7
    EUR - 10:30 (GMT) - German Flash Manufacturing PMI - Forecast 51.1 - Previous 50.7
    USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.1% - Previous 1.2%
    USD - 15:30 (GMT) - Unemployment Claims - Forecast 329K - Previous 320K


    Currencies

    ◾EUR/USD The dollar advanced versus most of
    its major counterparts before housing and employment data that
    may signal continued recovery in the U.S., boosting the case for
    a reduction in central bank stimulus.

    ◾The dollar added 0.5 percent to 98.17 yen as of 1:31 p.m. in Tokyo.
    It gained 0.1 percent to $1.3340 per euro after climbing 0.5 percent yesterday.
    Europe’s shared currency bought 130.96 yen, 0.4 percent stronger than the close in New York

    ◾AUD/USD Australia’s dollar rallied against
    all 16 major peers after a private report showed China’s
    manufacturing expanded for the first time in four months,
    boosting trade prospects.

    ◾Australia’s currency gained 0.3 percent to 89.93 U.S. cents
    at 3:23 p.m. in Sydney after falling 2.4 percent in the previous
    three sessions. The Aussie added 0.4 percent to NZ$1.1473 after
    touching NZ$1.1483, the highest since Aug. 5. New Zealand’s
    dollar was little changed at 78.43 U.S. cents.

    ◾USD/CAD The Canadian dollar dropped to a
    six-week low after after Federal Reserve meeting minutes showed
    officials in broad agreement to start tapering bond purchases
    later this year.

    ◾The loonie, as Canada’s currency is nicknamed for the image
    of the aquatic bird on the C$1 coin, depreciated 0.8 percent to
    C$1.0474 per U.S. dollar at 5 p.m. in Toronto after touching
    C$1.0483, the weakest level since July 10. One Canadian dollar
    buys 95.48 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude traded
    near the lowest level in almost two weeks as signs that the U.S.
    will taper economic stimulus this year raised speculation oil
    demand may falter in the world’s biggest consumer.

    ◾WTI for October delivery was at $103.60 a barrel, down 25 cents,
    in electronic trading on the New York Mercantile Exchange at 9:54 a.m. Sydney time.
    The volume of all futures traded was about 67 percent below the 100-day average.
    The contract slid $1.26 to $103.85 yesterday, the lowest close since Aug. 8.

    ◾Brent for October settlement fell 34 cents, or 0.3 percent,
    to $109.81 a barrel on the London-based ICE Futures Europe
    exchange yesterday. The European benchmark crude ended the
    session at a premium of $5.96 to WTI futures, the widest gap
    since June 26.

    ◾Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting,
    which reinforced expectations that stimulus will be tapered,
    against an unexpected increase in China’s manufacturing.

    ◾Spot gold fell as much as 0.8 percent to $1,355.30 an ounce,
    before trading 0.2 percent lower at $1,364.49 at 10:40 a.m.
    in Singapore. Prices fell 0.3 percent yesterday after the minutes
    of the July meeting showed policy makers were comfortable with a
    plan to start reducing bond buying later this year if the
    economy improves, with a few saying tapering may be needed soon.


    Equities

    ◾Asian stocks fell, with the regional
    gauge close to wiping out all this year’s gains, as it heads for
    its longest losing streak since November, after Federal Reserve
    minutes showed officials support stimulus cuts this year.

    ◾The MSCI Asia Pacific Index dropped 0.9 percent to 129.45 as of 2:20 p.m. in Tokyo,
    less than 0.1 percent away from wiping out this year’s gains.
    About two stocks declined for each that rose as all 10 industry groups fell on the measure.

    ◾European stocks posted their longest losing streak in eight weeks amid speculation
    that the minutes of the Federal Reserve’s July meeting will give further details of when
    the central bank will slow its monthly bond purchases.

    ◾The Stoxx Europe 600 Index slipped 0.5 percent to 300.61 at the close of trading,
    extending its lowest level since July 31. The gauge has fallen 3.2 percent from
    this year’s high on May 22 as speculation mounted that the Fed will start to slow
    the pace of its quantitative-easing program next month.

    ◾U.S stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months,
    as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts
    this year if the economy improves.

    ◾The Standard & Poor’s 500 Index (SPX) lost 0.6 percent to 1,642.80 at 4 p.m. in New York,
    the lowest since July 8. The Dow dropped 105.44 points, or 0.7 percent, to 14,897.55.
    The measure retreated for a sixth day, the longest losing streak since July 2012.
    About 5.6 billion shares changed hands on U.S. exchanges today, 11 percent below the three-month average.

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