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Thread: Daily Market Outlook from ACFX

  1. #21

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    Daily Market Outlook from ACFX 08/26/2013


    Important Financial Indicators of the day

    USD - 15:30 (GMT) - Core Durable Good Orders m/m - Forecast 0.6% - Previous -0.1%


    Currencies

    ◾EUR/USD The dollar maintained a weekly
    decline against the euro as investors speculated over whether
    the U.S. economy is strong enough to support a reduction in
    Federal Reserve stimulus next month.

    ◾The dollar was little changed at $1.3381 per euro as of
    2:04 p.m. in Tokyo from Aug. 23, when it completed a 0.4 percent
    weekly loss. It traded at 98.60 yen from 98.72 at the end of
    last week. The euro was at 131.94 yen, after reaching 132.43 on
    Aug. 23, the most since July 25.

    ◾AUD/USD Australian government bonds rose along with the currency,
    as investors weigh the U.S. central bank’s timing for tapering stimulus
    that has supported higher-yielding assets globally.

    ◾Australia’s 10-year government bond yield dropped four
    basis points, or 0.04 percentage point, to 4.01 percent as of
    2:13 p.m. in Sydney. The rate on sovereign debt due in two years
    fell one basis point to 2.51 percent. The nation’s currency
    added 0.1 percent to 90.40 U.S. cents after gaining 0.7 percent
    in the two days ended Aug. 23.

    ◾USD/CAD Canada’s dollar lost the most in more than two months as wholesale
    and retail sales fell and consumer-price gains stayed below the central bank’s
    inflation target for a 15th month, fueling concern the economy is slowing.

    ◾Canada’s currency depreciated 1.5 percent to C$1.0496 per
    U.S. dollar this week in Toronto, the biggest drop since the
    five days ended June 21. It touched C$1.0568 yesterday, the
    weakest since July 9. One Canadian dollar buys 95.27 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude rose for a third day as speculation the Federal Reserve
    will maintain economic stimulus boosted the demand outlook in the world’s
    biggest oil user. Brent’s premium to WTI narrowed.

    ◾WTI for October delivery climbed as much as 95 cents to $107.37 a barrel in
    electronic trading on the New York Mercantile Exchange and was at $107.02
    at 1:57 p.m. Sydney time. The contract climbed 1.3 percent to $106.42 on Aug. 23,
    the biggest gain since Aug. 9.

    ◾Brent for October settlement advanced 26 cents to $111.30 a
    barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $4.27 to WTI, down
    from $4.62 on Aug. 23.

    ◾Gold swung between gains and losses after climbing to the highest level since
    June as investors weighed the outlook for stimulus in the U.S., with a
    slump in new-home sales boosting the case for sustained debt-buying.

    ◾Bullion for immediate delivery rose as much as 0.7 percent to $1,407.18 an ounce,
    the highest since June 7, before trading 0.2 percent lower at $1,395.64 at 11:23 a.m. in Singapore.
    Gold for December delivery rose as much as 0.8 percent to $1,407
    an ounce on the Comex, also the highest since June 7.



    Equities
    ◾Asian stocks rose for a second day after a slump in U.S. home sales eased speculation the Federal Reserve will reduce economic stimulus next month. ◾The MSCI Asia Pacific Index advanced 0.3 percent to 131.80
    as of 1:42 p.m. in Tokyo, with all of the 10 industry groups on
    the gauge rising.

  2. #22

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    Daily Market Outlook from ACFX 08/27/2013


    Important Financial Indicators of the day

    USD - 15:30 (GMT) - Core Durable Good Orders m/m - Forecast 0.6% - Previous -0.1%


    Currencies

    ◾EUR/USD The dollar maintained a weekly
    decline against the euro as investors speculated over whether
    the U.S. economy is strong enough to support a reduction in
    Federal Reserve stimulus next month.

    ◾The dollar was little changed at $1.3381 per euro as of
    2:04 p.m. in Tokyo from Aug. 23, when it completed a 0.4 percent
    weekly loss. It traded at 98.60 yen from 98.72 at the end of
    last week. The euro was at 131.94 yen, after reaching 132.43 on
    Aug. 23, the most since July 25.

    ◾AUD/USD Australian government bonds rose along with the currency, as investors
    weigh the U.S. central bank’s timing for tapering stimulus that
    has supported higher-yielding assets globally.

    ◾Australia’s 10-year government bond yield dropped four
    basis points, or 0.04 percentage point, to 4.01 percent as of
    2:13 p.m. in Sydney. The rate on sovereign debt due in two years
    fell one basis point to 2.51 percent. The nation’s currency
    added 0.1 percent to 90.40 U.S. cents after gaining 0.7 percent
    in the two days ended Aug. 23.

    ◾USD/CAD Canada’s dollar lost the most in more than two months as wholesale
    and retail sales fell and consumer-price gains stayed below the central bank’s inflation
    target for a 15th month, fueling concern the economy is slowing.

    ◾Canada’s currency depreciated 1.5 percent to C$1.0496 per
    U.S. dollar this week in Toronto, the biggest drop since the
    five days ended June 21. It touched C$1.0568 yesterday, the
    weakest since July 9. One Canadian dollar buys 95.27 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude rose for a third day as speculation the Federal Reserve
    will maintain economic stimulus boosted the demand outlook in the world’s
    biggest oil user. Brent’s premium to WTI narrowed.

    ◾WTI for October delivery climbed as much as 95 cents to $107.37 a barrel in
    electronic trading on the New York Mercantile Exchange and was at $107.02
    at 1:57 p.m. Sydney time. The contract climbed 1.3 percent to $106.42 on Aug. 23,
    the biggest gain since Aug. 9.

    ◾Brent for October settlement advanced 26 cents to $111.30 a
    barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $4.27 to WTI, down
    from $4.62 on Aug. 23.

    ◾Gold swung between gains and losses after climbing to the highest level since
    June as investors weighed the outlook for stimulus in the U.S., with a
    slump in new-home sales boosting the case for sustained debt-buying.

    ◾Bullion for immediate delivery rose as much as 0.7 percent to $1,407.18 an ounce,
    the highest since June 7, before trading 0.2 percent lower at $1,395.64 at 11:23 a.m.
    in Singapore. Gold for December delivery rose as much as 0.8 percent to $1,407 an ounce
    on the Comex, also the highest since June 7.



    Equities

    ◾Asian stocks rose for a second day after a slump in U.S. home sales eased speculation
    the Federal Reserve will reduce economic stimulus next month.

    ◾The MSCI Asia Pacific Index advanced 0.3 percent to 131.80
    as of 1:42 p.m. in Tokyo, with all of the 10 industry groups on
    the gauge rising.

  3. #23

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    Daily Market Outlook from ACFX 08/28/2013



    Important Financial Indicators of the day


    GBP - 14:45 (GMT) - BOE Gov Carney Speaks
    USD - 17:00 (GMT) - Pending Home Sales m/m - Forecast 0.2% - Previous -0.4%


    Currencies

    ◾USD/JPY The yen held its biggest gains in 2
    1/2 months against the dollar and euro as traders sought haven
    investments amid escalating tension in Syria.

    ◾The yen was little changed at 97.06 per dollar at 1:55 p.m.
    in Tokyo from yesterday when it rallied 1.5 percent, the most
    since June 11. It touched 96.82, the strongest since Aug. 12.
    Japan’s currency gained 0.1 percent to 129.83 per euro after
    rising 1.3 percent yesterday, the most since June 14.

    ◾USD/CAD Canada’s dollar advanced from almost a seven-week low after crude oil,
    the nation’s biggest export, climbed to the highest level since July on
    speculation tension in Syria will disrupt Middle East supplies.

    ◾The loonie, nicknamed for the image of the aquatic bird on the C$1 coin,
    appreciated 0.3 percent to C$1.0474 per U.S. dollar at 5 p.m. in Toronto
    after touching 1.0472, the strongest since Aug. 22. It lost as much as
    0.4 percent earlier to C$1.0540 after touching C$1.0568 on Aug. 23,
    the weakest since July 9. One Canadian dollar buys 95.48 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude surged to the highest price since May 2011
    on concern that conflict in Syria may spread and threaten oil supplies from the Middle East.

    ◾WTI for October delivery rose as much as $3.11 to $112.12 a
    barrel in electronic trading on the New York Mercantile
    Exchange, the highest intraday price since May 3, 2011. It was
    at $112.03 at 2:47 p.m. Sydney time. The volume of all futures
    traded was about 340 percent above the 100-day average. The
    contract increased $3.09 to $109.01 yesterday, the highest close
    since Feb. 24 last year. Prices are up 22 percent in 2013.

    ◾Brent for October settlement advanced as much as $2.87, or
    2.5 percent, to $117.23 a barrel on the London-based ICE Futures
    Europe exchange after settling yesterday at the highest since
    Feb. 25. The European benchmark crude was at a premium of $5.07
    to WTI from $5.35 yesterday.

    ◾Gold traded near the highest level since May after a four-day rally
    as speculation that the U.S. may lead military strikes against Syria within days
    spurred investors’ demand for a haven. Silver and platinum advanced.

    ◾Bullion for immediate delivery rose as much as 0.3 percent to $1,419.55
    an ounce and was at $1,417.17 at 11:38 a.m. in Singapore. Prices climbed
    to $1,423.95 yesterday, the highest since May 15. Gold for December delivery
    declined 0.2 percent to $1,417 an ounce on the Comex after rising 2 percent yesterday.



    Equities

    ◾Asian stocks slumped, with the
    regional benchmark index heading for the lowest close in two
    months, on concern the U.S. will take military action against
    Syria for using chemical weapons.

    ◾The MSCI Asia Pacific Index dropped 1.9 percent to 128.72
    as of 12:51 p.m. in Tokyo, heading for the lowest close since
    June 27 as more than eight shares fell for each that rose. The
    gauge is on course for its eighth decline in 10 days as the
    prospect of the Federal Reserve paring stimulus as soon as next
    month spurs investors to shun riskier assets.

    ◾European stocks slid the most in nine weeks after U.S. Secretary
    of State John Kerry said the Obama administration will hold Syria accountable
    for using chemical weapons against its own people.

    ◾The Stoxx 600 slid 1.8 percent to 299.01 at the close in London. The equity
    benchmark has still rallied 8.5 percent from this year’s low on June 24 as
    the European Central Bank said that interest rates will remain low for an extended period.

  4. #24

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    Daily Market Outlook from ACFX 08/29/2013



    Important Financial Indicators of the day

    USD - 15:30 (GMT) - Prelim GDP q/q - Forecast 2.2% - Previous1.7%
    USD - 15:30 (GMT) - Unemployment Claims - Forecast 330K - Previous336K


    Currencies

    ◾EUR/USD The dollar remained higher against the euro following its biggest
    gain in a week before U.S. data that may show the economy grew faster than
    initially estimated, adding to the case for the Federal Reserve to slow stimulus.

    ◾The U.S. currency was little changed at $1.3325 per euro as of 2:06 p.m. in Tokyo
    after strengthening 0.4 percent yesterday, the most since Aug. 21. The yen was little
    changed at 97.66 per dollar and 130.14 per euro.

    ◾USD/INR The rupee slumped 3.9 percent to 68.8450 per dollar in Mumbai yesterday,
    the biggest drop since 1993, according to prices from local banks
    compiled by Bloomberg. In an effort to stem the currency’s decline by
    reducing spot demand, the central bank said yesterday it will sell
    dollars to the nation’s biggest state-run crude oil importers through a
    swap facility.

    ◾India needs to immediately use its foreign exchange reserves to arrest the rupee’s record
    plunge as the weakening currency has the potential to send the economy into a “nosedive,”
    billionaire Adi India needs to immediately use its foreign exchange reserves to arrest
    the rupee’s record plunge as the weakening currency has the potential to send
    the economy into a “nosedive,” billionaire Adi Godrej said. rej said.

    ◾Godrej’s remarks come after Prime Minister Manmohan Singh’s government on Aug. 26
    won approval from the lower house of parliament for a landmark bill that expands
    the world’s biggest food program. The plan involves spending about 1.25 trillion rupees
    ($18 billion) in subsidies each year, potentially worsening a fiscal gap.

    ◾GBP/USD The pound strengthened from the lowest level in three weeks against the euro
    as Bank of England Governor Mark Carney failed to convince investors that the central bank
    will keep interest rates at an all-time low.

    ◾The pound strengthened 0.4 percent to 85.81 pence per euro at 4:24 p.m. London time,
    after depreciating 0.4 percent to 86.52 pence, the weakest level since Aug. 7.
    Sterling fell 0.1 percent to $1.5527 after dropping to $1.5429, the lowest since Aug. 14.

    ◾USD/CAD The Canadian currency weakened as speculation America and its allies will take
    military action against Syria boosted the U.S. dollar’s appeal as a haven.

    ◾The loonie, nicknamed for the image of the aquatic bird on
    the C$1 coin, depreciated as much as 0.4 percent, the most
    compared with closing prices since Aug. 22, to C$1.0511 per U.S.
    dollar before trading at C$1.0487 at 5 p.m. in Toronto, down 0.1
    percent. One Canadian dollar buys 95.36 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate oil fell
    from the highest settlement in more than two years, dropping for
    the first time in three days. U.S. crude stockpiles increased by
    2.99 million barrels last week, a government report showed.

    ◾WTI for October delivery fell as much as 99 cents to $109.11 a barrel in electronic
    trading on the New York Mercantile Exchange and was at $109.46 at 11:37 a.m. Singapore time.
    The volume of all futures traded was about 20 percent below the 100-day average.
    The contract climbed 1 percent to $110.10 yesterday, the highest close since May 3, 2011.

    ◾Brent for October settlement slid as much as 91 cents, or
    0.8 percent, to $115.70 a barrel on the London-based ICE Futures
    Europe exchange after closing yesterday at the highest since
    Feb. 19. The European benchmark crude was at a premium of $6.35
    to WTI futures, down from $6.51 yesterday.

    ◾Gold retreated from a three-month high spurred by tensions over Syria as
    U.S. economic data may reinforce the case for the Federal Reserve to slow stimulus
    and a technical indicator showed that prices were set to decline.

    ◾Bullion for immediate delivery lost as much as 0.7 percent to $1,407.95 an ounce
    was at $1,409.08 at 12:25 p.m. in Singapore, dropping for the first time in six days.
    Prices rallied to $1,433.83 yesterday, the highest level since May 14, on concern
    that the U.S. and its allies will launch a military strike against Syria
    in retaliation for its alleged use of chemical weapons.



    Equities

    ◾Asian stocks Asia’s benchmark stock index rose from a two-month low as energy
    shares increased after concern military action against Syria will disrupt global
    oil supplies fueled gains in crude prices this week.

    ◾The MSCI Asia Pacific Index rose 0.7 percent to 130.04 as of 2:23 p.m. in Tokyo,
    with eight of the 10 industry groups gaining on the gauge, which yesterday
    fell to the lowest close since June 27. The measure lost 2.4 percent this month through yesterday,
    wiping out all its 2013 increases. Investors also are awaiting a report on U.S. economic growth
    that may give signs on when the Federal Reserve will start paring stimulus.

    ◾European stocks dropped to the lowest level in six weeks as concern grew that the U.S.
    will take military action against Syria.

    ◾The Stoxx Europe 600 Index lost 0.4 percent to 297.89 at the close of trading,
    its lowest level since July 17. The gauge fell as much as 1.1 percent in intraday trading.
    It has still advanced 8.1 percent since this year’s low on June 24 as the European
    Central Bank pledged to keep interest rates low.

    ◾U.S stocks rose, with the Standard & Poor’s 500 Index rebounding from an eight-week low,
    as energy shares rallied and investors watched developments on Syria.

    ◾The S&P 500 rose 0.3 percent to 1,634.96 at 4 p.m. in New York. The index closed just
    short of its average level for the past 100 days of 1,638.27, after slipping below it yesterday
    for the first time since June. The Dow Jones Industrial Average advanced
    48.38 points, or 0.3 percent, to 14,824.51

  5. #25

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    Daily Market Outlook from ACFX 08/30/2013


    Important Financial Indicators of the day

    CAD - 15:30 (GMT) - GDP m/m - Forecast -0.4% - Previous 0.2%


    Currencies

    ◾EUR/USD The dollar reached the highest in four weeks against a basket of its
    peers before data forecast to show U.S. consumer spending rose for a third month,
    building the case for the Federal Reserve to reduce stimulus next month.

    ◾The U.S. currency slipped 0.2 percent to 98.14 yen from
    yesterday, when it advanced 0.7 percent, the most since Aug. 22.
    The greenback slid 0.1 percent to $1.3248 per euro, following a
    0.7 percent advance yesterday. The yen rose 0.2 percent to
    130.01 per euro.

    ◾GBP/USD The pound strengthened the most in
    three weeks versus the euro as optimism Britain’s economic
    growth is gathering pace boosted demand for the nation’s assets.

    ◾The pound strengthened 0.7 percent to 85.36 pence per euro at 4:29 p.m. London time,
    the biggest gain since Aug. 7. It advanced 0.3 percent yesterday after sliding to 86.52 pence,
    the weakest level since Aug. 7. The U.K. currency declined 0.2 percent to $1.5494.

    ◾USD/CAD Canada’s dollar fell to its lowest this week before a report tomorrow that may show
    the nation’s economy shrank in June the most since 2009, while a gain in U.S. growth boosted
    the case for that country to slow stimulus.

    ◾The loonie, as Canada’s currency is nicknamed for the image
    of the aquatic bird on the C$1 coin, depreciated 0.4 percent to
    C$1.0532 per U.S. dollar at 5 p.m. in Toronto. It touched
    C$1.0541, the weakest level since Aug. 23, and has lost 2.4
    percent in August. One loonie buys 94.95 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude fell for a second day after U.K. lawmakers rejected
    a motion for military action against Syria, reducing the prospect of an imminent
    strike and easing concern that unrest will disrupt Middle East oil supplies.

    ◾WTI for October delivery dropped as much as $2.05 to $106.75 a barrel in electronic trading
    on the New York Mercantile Exchange and was at $107.64 at 2:40 p.m. Sydney time. The contract
    lost 1.2 percent to $108.80 yesterday, declining from the highest close since May 2011.
    Prices are up 2.5 percent in August, poised for a third monthly gain.

    ◾Brent for October settlement decreased as much as $1.53, or
    1.3 percent, to $113.63 a barrel on the London-based ICE Futures
    Europe exchange. The European benchmark crude was at a premium
    of $6.69 to WTI, from $6.36 yesterday.

    ◾Gold swung between gains and losses as better-than-expected U.S. data backed the case for
    the Federal Reserve to cut stimulus, while the U.S. may proceed with a strike against Syria
    even after U.K. lawmakers rejected action

    ◾Bullion for immediate delivery gained and lost as least 0.3 percent, before trading 0.1 percent
    t higher at $1,409.74 an ounce at 11:56 a.m. in Singapore. Prices are heading for a second
    monthly advance in the best run since September. Gold for December delivery dropped 0.3
    percent to $1,409.40 an ounce on the Comex, paring a fourth weekly gain.



    Equities

    ◾Asian stocks swung between gains and
    losses, with energy producers leading declines as the price of
    oil fell after the U.K parliament voted against military strikes
    on Syria. Japanese utilities rose.

    ◾The MSCI Asia Pacific Index rose less than 0.1 percent to
    129.85 as of 1:13 p.m. in Tokyo, having swung between gains of
    as much as 0.5 percent and losses of 0.1 percent. The gauge is
    down 1.2 percent this week, a second week of losses, while it
    has dropped 1.8 percent this month.

    ◾U.S stocks rose, sending the
    Standard & Poor’s 500 Index higher for a second day, as data
    showed the economy expanded at a faster pace in the second
    quarter and concerns over Syria eased.

    ◾The S&P 500 rose 0.2 percent to 1,638.17 at 4 p.m. in New
    York, paring an earlier advance of as much as 0.7 percent. The
    Dow Jones Industrial Average gained 16.44 points, or 0.1
    percent, to 14,840.95.

  6. #26

    Default

    Daily Market Outlook from ACFX 09/02/2013


    Important Financial Indicators of the day

    GBP - 11:30 (GMT) - Manufacturing PMI - Forecast 55.2 - Previous 54.6



    Currencies

    ◾USD/JPY The yen fell against all of its major peers after speculators added to bearish
    bets on the currency and on signs Japan’s prime minister is making progress on policies
    that have helped weaken the currency.

    ◾The yen lost 0.5 percent to 98.64 per dollar as of 1:11 p.m. in Tokyo from the end
    of last week, when it capped a 0.6 percent weekly gain. Japan’s currency weakened 0.4 percent
    to 130.30 per euro from Aug. 30, when it reached 129.31, the strongest since Aug. 20.

    ◾AUD/USD The Australian and New Zealand dollars rallied from losses last week after Chinese
    government data showed manufacturing reached a 16-month high, bolstering the outlook for
    exports from both South Pacific nations.

    ◾Australia’s dollar rose 0.8 percent to 89.68 U.S. cents as of 2:40 p.m. in Sydney after touching
    88.93 on Aug. 30, matching the least since Aug. 5. It gained 1.2 percent to 88.44 yen

    ◾USD/CAD The Canadian currency fell for a third week as the possibility of a U.S. military strike
    against Syria damped appetite for riskier assets and burnished the haven appeal of the U.S. dollar.

    ◾The loonie, as Canada’s dollar is nicknamed for the image of the aquatic bird on the C$1 coin,
    lost 0.4 percent this week and dropped 2.5 percent this month.



    Commodities

    ◾Oil West Texas Intermediate crude fell for a third day after President Barack Obama said he’ll seek
    authorization from Congress before ordering military action against Syria, easing concern that
    an imminent strike would disrupt Middle East oil exports.

    ◾WTI for October delivery slid as much as $3.44 to $104.21 a barrel in electronic trading on the New York
    Mercantile Exchange and was at $106.11 at 2 p.m. Sydney time. The volume of all futures traded was
    almost double the 100-day average. The contract rose 1.2 percent last week and 2.5 percent in August,
    a third monthly gain.

    ◾Brent for October settlement decreased as much as $1.81, or 1.6 percent, to $112.20 a barrel on
    the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium
    of $6.89 to WTI futures, from $6.36 on Aug. 30.

    ◾Gold fell as prospects for an attack against Syria receded, and on bets the U.S. Federal Reserve will
    start to pare stimulus as the economy improves. Silver halted a three-day drop as manufacturing in China
    sustained an expansion.

    ◾Spot gold lost as much as 1.6 percent to $1,373.38 an ounce, falling for a third day to the lowest level
    since Aug. 23. It traded at $1,389.79 at 9:54 a.m. in Singapore. Prices have retreated since reaching
    a three-month high of $1,433.83 on Aug. 28 as improving data supported the case for the Fed to start
    reducing the $85 billion in monthly asset purchases this month.



    Equities
    ◾Asian stocks gained for a third day after a gauge of China’s manufacturing rose to a 16-month high,
    boosting investor confidence in the global economic recovery.

    ◾The MSCI Asia Pacific Index advanced 0.8 percent to 131.25 as of 11:44 a.m. in Hong Kong. Almost
    two shares climbed for each that declined. The measure fell 1.6 percent in August, the third drop I
    n four months. The gauge rose 0.6 percent this year through Aug. 30, lagging a 15 percent surge
    in the Standard & Poor’s 500 Index as investors sold assets across the region on expectations
    the Federal Reserve will taper U.S. economic stimulus this month.

  7. #27

    Default

    Daily Market Outlook from ACFX 09/03/2013


    Important Financial Indicators of the day

    GBP - 11:30 (GMT) - Construction PMI - Forecast 58.4 - Previous 57.0
    USD - 17:00 (GMT) - ISM Manufacturing PMI - Forecast 54.2 - Previous 55.4


    Currencies

    ◾USD/JPY The yen touched a one-month low as signs of economic
    improvement across the globe damped demand for refuge assets while data
    from Japan signaled progress in the central bank’s easing efforts.

    ◾The yen slid 0.1 percent to 99.45 per dollar as of 6:08 a.m. in London after
    touching 99.70, the weakest since Aug. 2. It bought 131.16 per euro from
    131.04 yesterday, when it dropped 1 percent. The dollar fetched $1.3193
    per euro from $1.3192.

    ◾AUD/USD The yen slid 0.1 percent to 99.45 per dollar as of 6:08 a.m.
    in London after touching 99.70, the weakest since Aug. 2. It bought 131.16
    per euro Foreign ownership of Australian government securities rose last quarter
    from a three-year low, even as the nation’s currency plunged by the most in almost
    five years. rom 131.04 yesterday, when it dropped 1 percent.
    The dollar fetched $1.3193 per euro from $1.3192.

    ◾The Australian dollar plunged 12 percent in the three
    months through June, the most since the third quarter of 2008,
    while the country’s government debt lost 0.1 percent, according
    to Bank of America Merrill Lynch index data. U.S. Treasuries
    declined 2.2 percent in the period.



    Commodities

    ◾Oil Brent crude swung between gains and losses after rising for the first
    time in three days as U.S. lawmakers urged backing for military action against Syria,
    fanning concern that possible strikes may disrupt Middle East oil exports.

    ◾Brent for October settlement was at $114.18 a barrel on the
    ICE Futures Europe exchange, down 15 cents, at 12:25 p.m.
    Singapore time. The contract gained 32 cents to $114.33
    yesterday. The European benchmark crude was at a premium of
    $7.59 to New York-traded West Texas Intermediate futures.

    ◾Gold traded little changed after
    dropping for three days to a one-week low as investors assessed
    prospects for reduced stimulus in the U.S. as the world’s
    largest economy recovers.

    ◾Spot gold traded at $1,392.78 an ounce at 9:31 a.m. in Singapore after
    touching $1,373.38 yesterday, the lowest since Aug. 23. Prices fell from a three-month
    high of $1,433.83 on Aug. 28 on signs that a U.S. strike against Syria will be delayed
    and as improving economic data fueled speculation that the Federal Reserve will trim
    its $85 billion in monthly bond purchases.



    Equities

    ◾Asian stocks rose for a fourth day,
    with the regional benchmark gauge climbing the most in a month,
    as Japanese shares were boosted by the yen weakening against the
    dollar and amid optimism the global economy is recovering.

    ◾The MSCI Asia Pacific Index gained 1.4 percent to 132.79 as
    of 12:46 p.m. in Hong Kong, on course for the highest closing
    level since Aug. 2, as all 10 industry groups on the gauge
    advanced. More than three shares rose for each that fell.
    Futures on the Standard & Poor’s 500 Index rose 1 percent from
    Aug. 30, with U.S. markets due to reopen after a holiday

    ◾European stocks dvanced the most in
    eight weeks as a gauge of Chinese manufacturing activity
    exceeded economists’ estimates. U.S. index futures also rose.

    ◾The Stoxx Europe 600 Index added 1.9 percent to 302.94 at the close of trading,
    its biggest gain since July 4. The equity benchmark fell 2.4 percent last week
    to its lowest level since July 17 amid concern that the U.S. and its allies will take
    military action against Syria. Standard & Poor’s 500 Index futures climbed 1 percent today.
    U.S. markets are closed for the Labor Day holiday.

  8. #28

    Default

    Daily Market Outlook from ACFX 09/04/2013


    Important Financial Indicators of the day

    GBP - 09:30 (GMT) - Services PMI - Forecast 59.3 - Previous 60.2
    CAD - 13:30 (GMT) - Trade Balance - Forecast -0.3B - Previous -0.5B
    USD - 13:30 (GMT) - Trade Balance - Forecast -38.7B - Previous -34.2B
    CAD - 15:00 (GMT) - BOC Rate Statement
    CAD - 15:00 (GMT) - Overnight Rate - Forecast 1.00% - Previous1.00%


    Currencies

    ◾EUR/USD The dollar traded 0.2 percent from a six-week high against the euro
    amid signs the U.S. economic recovery is gaining traction, adding to the case for
    the Federal Reserve to scale back stimulus this month.

    ◾The U.S. currency was little changed at $1.3165 per euro as
    of 1:44 p.m. in Tokyo after touching $1.3139 yesterday, the
    strongest since July 22. The dollar bought 99.69 yen from 99.57
    yesterday, when it reached 99.86, the highest since Aug. 2.

    ◾GBP/USD The pound rose for a fifth day versus the euro as a report showed
    a gauge of U.K. construction based on a survey of purchasing managers increased
    for a fourth month in August, reaching the highest in almost six years.

    ◾The pound appreciated 0.2 percent to 84.72 pence per euro
    at 4:10 p.m. London time after reaching 84.46 pence, the
    strongest level since May 21. Sterling was little changed at
    $1.5533.

    ◾USD/CAD Canada’s dollar rose versus most major peers on bets demand for oil
    will be buoyed by heightened tensions in the Middle East as U.S. President Barack Obama
    seeks support in Congress for a military strike on Syria

    ◾The loonie, as the Canadian dollar is nicknamed for the
    image of a waterfowl on the C$1 coin, gained 0.1 percent to
    C$1.0535 per U.S. dollar at 5 p.m. in Toronto, after dropping
    0.4 percent last week, its third straight weekly decline. One
    loonie buys 94.92 U.S. cents.


    Commodities

    ◾Oil West Texas Intermediate fluctuated as President Barack Obama
    won support from two opposition lawmakers for a military strike on Syria,
    bolstering concern Middle East oil supply may be disrupted if the conflict widens. est in almost six years.

    ◾WTI for October delivery was at $108.31 a barrel in electronic trading on the New York
    Mercantile Exchange, down 23 cents, at 2:50 p.m. Sydney time. The contract climbed
    89 cents from the Aug. 30 close to settle at $108.54 yesterday. Floor trading was closed
    Sept. 2 for the Labor Day holiday. The volume of all futures traded was 52 percent below
    the 100-day average.

    ◾Brent for October settlement was up 13 cents at $115.81 a
    barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $7.51 to WTI, from
    $7.14 yesterday.

    ◾Gold traded little changed above
    $1,400 an ounce after rising the most in a week, as investors
    weighed the prospects for reduced stimulus in the U.S. against
    the threat of a military attack against Syria.

    ◾Spot gold traded at $1,412.97 an ounce at 11:49 a.m. in
    Singapore from $1,412.42 yesterday, when prices climbed 1.5
    percent, the most since Aug. 23. Gold capped the first back-to-back
    monthly gain in a year in August as turmoil in the Middle East fanned haven demand.



    Equities

    ◾Asian stocks outside Japan fell,
    with the regional index snapping a four-day advance, as the
    threat of a military strike against Syria left oil trading near
    a two-year high, curbing the outlook for global economic growth.

    ◾The MSCI Asia Pacific Excluding Japan Index lost 0.2
    percent to 441.17 as of 1:01 p.m. in Hong Kong as four shares
    fell for every three that rose. Futures on the Standard & Poor’s
    500 Index rose 0.2 percent.

    ◾European stocks declined as U.S. Speaker of the House John Boehner
    said he supports the president’s call for action against Syria, offsetting
    better-than-forecast manufacturing data.

    ◾The Stoxx Europe 600 Index fell 0.4 percent to 301.78 at
    the close. Stock markets were rattled earlier, with the gauge
    losing as much as 0.7 percent, by what Israel said was a joint
    flight test with the U.S. of its Arrow missile-interception
    system over the Mediterranean Sea. The measure lost 2.4 percent
    last week on concern the U.S. and its allies would take military
    action against Syria for chemical-weapons attacks that the Obama
    administration said killed more than 1,400 people.

    ◾U.S stocks rose, following the worst month since May 2012 for the Standard &
    Poor’s 500 Index, as better-than-forecast economic data overshadowed
    concern over possible military action against Syria.

    ◾The S&P 500 climbed 0.4 percent to 1,639.77 at 4 p.m. in New York, paring an earlier
    advance of as much as 1.1 percent. The Dow Jones Industrial Average added 23.65 points,
    or 0.2 percent, to 14,833.96. About 6.6 billion shares changed hands, the highest level since
    Aug. 1. U.S. exchanges were closed yesterday for the Labor Day holiday.

  9. #29

    Default

    Daily Market Outlook from ACFX 09/05/2013


    Important Financial Indicators of the day

    GBP - 11:00 (GMT) - Asset Purchase Facility - Forecast 375B - Previous 375B
    GBP - 11:00 (GMT) - Official Bank Rate - Forecast 0.50% - Previous 0.50%
    EUR - 11:45 (GMT) - Minimum Bid Rate - Forecast 0.50% - Previous 0.50%
    USD - 12:15 (GMT) - ADP Non Farm Employment Change - Forecast 175K - Previous 200K
    EUR - 12:30 (GMT) - ECB Press Conference
    USD - 12:30 (GMT) - Unemployment Claims - Forecast 332K - Previous 331K


    Currencies

    ◾EUR/USD The dollar weakened against its higher-yielding counterparts after a report showed China’s services industry expanded last month, adding to signs the global economy is recovering.

    ◾The U.S. currency dropped 0.3 percent to $1.3207 per euro after climbing yesterday to the highest level since July 22. The greenback gained 0.2 percent to 99.74 yen. Japan’s currency lost 0.5 percent to 131.73 per euro.

    ◾GBP/USD The pound traded near the strongest level in more than three months against the euro before the Bank
    of England and European Central Bank set policies today.

    ◾Sterling fetched 84.46 pence per euro at 2:06 p.m. in Tokyo from 84.52 yesterday, when it reached 84.27, the highest since May 16. The pound has gained 2 percent since Aug. 27.

    ◾USD/CAD Sterling fetched 84.46 pence per euro at 2:06 p.m. in Tokyo from 84.52 yesterday, when it reached 84.27, the highest since May 16. The The Canadian dollar strengthened for a second day as optimism about faster global economic growth fueled demand for riskier assets and Canada’s central bank kept its main interest rate unchanged. ound has gained 2 percent since Aug. 27.

    ◾The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, rose 0.3 percent to
    C$1.0493 per U.S. dollar at 5 p.m. in Toronto. It gained 0.6 percent earlier, the biggest intraday move since Aug. 8. One
    loonie buys 95.30 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude traded near the lowest price in more than a week as the U.S. weighed limited military strikes on Syria, easing concern the conflict will spread and disrupt Middle East oil supplies.

    ◾WTI for October delivery was at $107.55 a barrel in electronic trading on the New York Mercantile Exchange, up 32 cents, at 3:15 p.m. Sydney time. The contract dropped 1.2 percent to $107.23 yesterday, the biggest decline since Aug. 20 and the lowest settlement since Aug. 26. The volume of all futures traded was about 61 percent below the 100-day average.

    ◾Brent for October settlement was 25 cents higher at $115.16 a barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $7.62 to WTI futures, from $7.68 yesterday.

    ◾Gold advanced after the biggest drop in a month as the Senate Foreign Relations Committee voted to authorize President Barack Obama to conduct a limited U.S. military operation against Syria, boosting haven demand.

    ◾Bullion for immediate delivery gained as much as 0.3 percent to $1,395.07 an ounce, and was at $1,393.24 at 11:42 a.m. in Singapore. Prices retreated 1.5 percent yesterday, the most since Aug. 6. Gold for December delivery rose 0.2 percent to $1,393 an ounce on the Comex in New York.




    Equities

    ◾Asian stocks rose for a sixth day, the longest streak of gains in nine months, after the Federal Reserve and Bank of Japan said they saw moderate recoveries in two of the world’s three biggest economies.

    ◾The MSCI Asia Pacific Index gained 0.4 percent to 133.59 as of 11:47 a.m. in Hong Kong as about two shares rose for each
    that fell. The measure is on course for its longest rising streak since December. Japan’s Topix and Standard & Poor’s 500
    Index futures were little changed.

    ◾U.S stocks rose, led by automakers and technology companies, as a Senate panel voted to authorize military action in Syria and the Federal Reserve said the economy maintained a “modest to moderate” pace of growth.

    ◾The Standard & Poor’s 500 Index rose 0.8 percent to 1,653.08 at 4 p.m. in New York. The Dow Jones Industrial Average added 96.91 points, or 0.7 percent, to 14,930.87. About 6.1 billion shares changed hands on U.S. exchanges, in line with the three-month average.

  10. #30

    Default

    Daily Market Outlook from ACFX 09/06/2013


    Important Financial Indicators of the day

    GBP - 08:30 (GMT) - Manufacturing Production m/m - Forecast 0.3% - Previous 1.9%
    CAD - 12:30 (GMT) - Employment Change - Forecast 21.2K - Previous -39.4K
    CAD - 12:30 (GMT) - Unemployment Rate - Forecast 7.2% - Previous 7.2%
    USD - 12:30 (GMT) - Non Farm Employment Change - Forecast 178K - Previous 162K
    USD - 12:30 (GMT) - Unemployment Rate - Forecast 7.4% - Previous 7.4%
    CAD - 14:00 (GMT) - Ivey PMI - Forecast 52.6 - Previous 48.4


    Currencies

    ◾EUR/USD The dollar was set for a second
    weekly advance against the euro as 10-year Treasury yields
    reached 3 percent for the first time since 2011 before data
    forecast to show U.S. employers added jobs at a faster pace.

    ◾The dollar was little changed at $1.3131 per euro at 6:50 a.m. in London,
    having risen 0.7 percent this week. Europe’s 17-nation currency dropped
    0.3 percent to 130.96 yen, paring a weekly gain to 0.9 percent.
    The yen strengthened 0.4 percent to 99.75 per dollar and was down 1.6 percent on the week.

    ◾AUD/USD Australian bonds fell, pushing the
    benchmark 10-year yield to its highest in 17 months, before a
    U.S. Labor Department report that may show jobs growth
    accelerated last month in the world’s largest economy.

    ◾Australia’s 10-year bond yield rose as much as eight basis points to 4.151 percent,
    the most since April 2012, and was as 4.15 at 10:05 a.m. in Sydney.
    It has climbed 25 basis points since Aug. 30, set for the largest increase in three weeks.
    The three-year rate touched 2.986 percent, the highest since June 24. A basis point is 0.01 percentage point.

    ◾GBP/USD he pound was little changed versus
    the dollar and euro before a report economists said will show a
    gauge of U.K. manufacturing activity increased at a slower pace
    in July.

    ◾The pound traded at 84.13 pence per euro at 7:30 a.m.
    London time after reaching 84.08 pence yesterday, the strongest
    level since May 6. It has appreciated 1.4 percent this week
    against the common currency. Sterling was at $1.5601, having
    gained 0.6 percent since Aug. 30.

    ◾USD/CAD The Canadian dollar rose against the
    majority of its 16 most-traded peers before data tomorrow
    forecast to show the nation snapped two months of jobs losses in
    a sign the economy may be emerging from a mid-year slowdown.

    ◾The loonie, as the Canadian dollar is known for the image
    of the aquatic bird on the C$1 coin, fell 0.1 percent to
    C$1.0505 per U.S. dollar at 5 p.m. in Toronto. One loonie buys
    95.19 U.S. cents.




    Commodities

    ◾Oil West Texas Intermediate oil swung between gains as losses as U.S. crude
    inventories shrank and President Barack Obama searched for diplomatic backing
    for a military strike on Syria while at the G-20 summit in Russia.

    ◾WTI for October delivery was at $108.30 a barrel in
    electronic trading on the New York Mercantile Exchange, down 7
    cents at 2:45 p.m. Singapore time. The contract yesterday
    climbed 1.1 percent to $108.37, the biggest gain since Aug. 27.
    The volume of all futures traded was about 54 percent below the
    100-day average. Prices are up 0.6 percent this week

    ◾Brent for October settlement slid 9 cents to $115.17 a
    barrel on the London-based ICE Futures Europe exchange. The
    European benchmark crude was at a premium of $6.82 to WTI
    futures, from $6.89 yesterday.

    ◾Gold West Texas Intermediate oil swung between gains as losses as U.S. crude
    inventories shrank and President Barack Obama searched for diplomatic backing
    for a military strike on Syria while at the G-20 summit headed for the first
    back-to-back weekly decline since July before data that may show
    employers in the U.S. added jobs at a faster pace last month,
    boosting the case for the Federal Reserve to rein in stimulus. Russia.

    ◾Gold has lost 18 percent this year amid expectations the Federal Reserve
    will pare asset purchases as early as this month. The Federal Open Market Committee
    is scheduled to meet Sept. 17-18. Data today may show that nonfarm payrolls
    expanded 180,000 in August, compared with an increase of 162,000 in July.



    Equities

    ◾Asian stocks dropped, snapping a
    six-day advance and paring the regional benchmark index’s
    biggest weekly gain since July, as investors await the monthly
    American jobs report.

    ◾The MSCI Asia Pacific Index fell 0.2 percent to 133.02 as of 2:05 p.m. in Hong Kong,
    on course to rise 2.2 percent this week for the biggest advance since the week through July 12.
    U.S. payrolls figures today may add to signs of an improving jobs market ahead of
    the Federal Reserve’s Sept. 17-18 meeting, when it will gauge whether
    the world’s biggest economy can withstand a reduction in unprecedented stimulus.

    ◾European stocks were little changed,
    with the Stoxx Europe 600 Index heading for a weekly gain, as
    investors awaited a report on U.S. payrolls to gauge the outlook
    for Federal Reserve stimulus. U.S. futures and Asian shares were
    also little changed.

    ◾The Stoxx 600 gained 0.2 percent to 305.02 at 8:09 a.m. in
    London. The benchmark gauge has gained 2.6 percent so far this
    week, snapping two weeks of losses, as the European Central Bank
    affirmed its accommodative monetary policy and as Chinese
    manufacturing in August surpassed estimates. Standard & Poor’s
    500 Index futures added 0.1 percent, while the MSCI Asia Pacific
    Index dropped less than 0.1 percent.

    ◾U.S stocks rose, with benchmark indexes staging the longest rally since July, as
    investors weighed data on the labor market and American services
    industry before tomorrow’s monthly jobs report.

    ◾The Standard & Poor’s 500 Index (SPX) rose 0.1 percent to 1,655.08 at 4 p.m. in New York.
    The Dow Jones Industrial Average added 6.61 points, or less than 0.1 percent, to 14,937.48.
    About 5.3 billion shares changes hands on U.S. exchanges, 12 percent below the three-month average.

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