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Thread: Daily Market Outlook from ACFX

  1. #31

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    Daily Market Outlook from ACFX 09/10/2013



    Currencies

    ◾EUR/USD The dollar traded at almost its
    lowest level this month as the U.S. weighs a plan to confiscate
    Syrian chemical weapons that may diffuse a potential military
    strike, reducing demand for haven assets.

    ◾The yen dropped 0.7 percent to 132.85 per euro after sliding to the weakest
    since May 22. Japan’s currency fell 0.7 percent to 100.27 per dollar after
    depreciating to the least since July 25. The euro was little changed at $1.3248.

    ◾AUD/USD The Aussie may climb toward 93.07 U.S. cents if it can
    breach key resistance levels after rallying twice last month
    from about 89 cents, forming a so-called double-bottom base,
    according to Junichi Ishikawa, a Tokyo-based analyst at IG
    Markets Securities Ltd. The currency traded at 92.57 U.S. cents
    as of 4:50 p.m. in Sydney.

    ◾The Aussie, the world’s fifth-most-traded currency, reached
    a three-year low of 88.48 cents on Aug. 5. Its 8.1 percent drop
    in 2013 is the second-biggest decline among 10 developed-market
    currencies tracked by Bloomberg Correlation-Weighted Indexes,
    trailing only the yen’s 10 percent plunge.

    ◾USD/CAD The Canadian dollar remained higher
    as housing starts were 180,291 at a seasonally adjusted annual
    pace in August, at almost the 2013 monthly average in another
    sign the economy is strengthening.

    ◾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$1.0335 per U.S. dollar at 8:38 a.m.
    in Toronto, the highest level since Aug. 19. One loonie buys 96.76 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate dropped a second day after reports that Syria
    agreed to a Russian plan to surrender its chemical weapons, easing concern
    of a U.S. attack that may escalate the conflict and cut Middle Eastern exports.

    ◾WTI for October delivery slid as much as $2.24 to $107.28 a barrel in electronic
    trading on the New York Mercantile Exchange, the lowest since Sept. 5, and was
    at $107.38 as of 1:43 p.m. London time. The volume of all futures traded was
    about 40 percent above the 100-day average

    ◾Brent for October settlement decreased as much as $1.91, or
    1.7 percent, to $111.81 a barrel on the London-based ICE Futures
    Europe exchange. That’s the lowest since Aug. 27. The European
    benchmark was at a premium of $4.53 to WTI. The spread was $4.20
    yesterday, the narrowest since Aug. 19.

    ◾Gold fell in New York as Russia’s bid to get Syria to put its chemical weapons
    under international control cut demand for a protection of wealth. Silver dropped
    and palladium traded near a two-month low.

    ◾Bullion futures reached a three-month high of $1,434 an
    ounce on Aug. 28 amid concern the U.S. will attack Syria for its
    alleged use of chemical weapons against civilians. Syria
    accepted Russia’s proposal on its weapons, Syrian Foreign
    Minister Walid al-Muallem said today during a trip to Moscow.



    Equities

    ◾Asian stocks rose, extending the
    longest rally in the benchmark index this year, as China’s
    industrial production and retail sales beat estimates, adding to
    signs the world’s second-largest economy is rebounding.

    ◾The MSCI Asia Pacific Index advanced 1.2 percent to 137.2
    as of 7:28 p.m. in Tokyo, capping a ninth day of gains and the
    highest close since July 23. The gauge last week posted its
    biggest weekly advance since April on signs the global economy
    is recovering. Reports today showed factory output in China
    accelerated by 10.4 percent in August from a year earlier, while
    retail sales increased 13.4 percent, exceeding economist
    estimates

    ◾European stocks rose to a three-month high as Chinese economic data
    beat estimates and the U.S. offered to defer an attack on Syria if it complied with a
    Russian proposal to give up chemical weapons. U.S. index futures
    and Asian shares also climbed.

    ◾The Stoxx Europe 600 Index added 1.1 percent to 309.33 at 12:02 p.m. in London,
    for its highest level since May 28. The gauge closed little changed yesterday after a report
    showed Chinese exports rose more than expected and investors awaited a U.S. decision
    this week on possible air strikes against Syria. Standard & Poor’s 500 Index futures
    gained 0.5 percent, while the MSCI Asia Pacific Index climbed 1.2 percent.

    ◾U.S stocks climbed, extending the longest winning streak for the Standard & Poor’s 500
    Index since July, as data showed China’s economy is improving amid signs of easing tensions over Syria.

    ◾The S&P 500 advanced 0.5 percent to 1,679.91 at 9:48 a.m. in New
    York. The index has gained for six straight days, the most since July
    15. The Dow rose 76.55 points, or 0.5 percent, to 15,139.67 today.
    Trading in S&P 500 stocks was 45 percent higher than the 30-day
    average at this time of day.

  2. #32

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    Daily Market Outlook from ACFX 09/12/2013


    Important Financial Indicators of the day


    GBP - 10:00 (GMT) - Inflation Report Hearings
    EUR - 12:40 (GMT) - ECB President Draghi Speaks
    USD - 13:30 (GMT) - Unemployment Claims - Forecast 332K - Previous 323K


    Currencies

    ◾EUR/USD The dollar remained lower against most of its major peers as traders speculated whether the U.S. economy is strong enough for Federal Reserve policy makers to consider a reduction in stimulus when they meet next week. The greenback traded near the lowest this month against the euro before a report forecast to show U.S. jobless claims rose.

    ◾The dollar was little changed at $1.3315 per euro as of 1:27 p.m. in Tokyo from yesterday, when it touched $1.3325, the weakest since Aug. 29.

    ◾GBP/USD The pound strengthened to a seven-month high against the dollar after a government report showed unemployment unexpectedly declined, adding to signs the U.K. economy is gaining momentum.

    ◾The pound advanced 0.5 percent to $1.5811 at 4:42 p.m. London time after rising to $1.5827, the highest since Feb. 8.

    ◾AUD/USD Australia’s dollar slid versus all its major counterparts after data showed the nation’s payrolls unexpectedly fell and unemployment climbed to a four-year high.

    ◾The Australia’s currency lost 0.8 percent to 92.52 U.S. cents as of 3:22 p.m. in Sydney, after earlier reaching 93.54 cents, the strongest since June 19.



    Commodities

    ◾Oil West Texas Intermediate crude swung between gains and losses after Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, said the global oil market is well-supplied.

    ◾WTI for October delivery was at $107.59 a barrel in electronic trading on the New York Mercantile Exchange, up 3 cents, at 1:36 p.m. Singapore time. The contract climbed 17 cents to $107.56 yesterday. The volume of all futures traded was about 54 percent less than the 100-day average.

    ◾Gold retreated to a three-week low on speculation that the U.S. Federal Reserve will commit to reducing stimulus next week. Silver fell, while platinum declined to the lowest in a month.

    ◾Gold for immediate delivery dropped as much as 0.8 percent to $1,354.51 an ounce, the lowest level since Aug. 20, and traded at $1,358.42 at 2:07 p.m. in Singapore. Bullion for December delivery lost as much as 0.7 percent to $1,353.80 an ounce on the Comex in New York, also the lowest since Aug. 2



    Equities

    ◾Asian stocks. Asia’s benchmark stock index swung between gains and losses after Japanese machinery orders accelerated less than expected and as investors await the outcome of the Federal Reserve’s meeting next week.

    ◾The MSCI Asia Pacific Index fell less than 0.1 percent to 137.55 as of 3:30 p.m. in Tokyo, trading near a three-month high. About five shares rose for every four that fell on the measure, which swung between gains of 0.1 percent and losses of 0.2 percent. The index climbed 6.6 percent in the past 10 days.

    ◾European stocks rose, sending the benchmark index to a five-year high, after investors said the region’s economy was improving. The Australian dollar fell for the first time in a week and the nation’s bonds rallied after unemployment increased. The yen strengthened and metals dropped.

    ◾The Stoxx The Stoxx Europe 600 Index advanced 0.1 percent by 8:24 a.m. in London, while Standard & Poor’s 500 Index contracts lost 0.1 percent.

    ◾U.S stocks rose, sending the Standard & Poor’s 500 Index to a one-month high, as diminishing concern over a military strike against Syria offset Apple Inc.’s biggest decline since April.

    ◾The S&P 500 rose 0.3 percent to 1,689.13 at 4 p.m. in New York, the seventh straight winning session and the highest level since Aug. 13.

  3. #33

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    Daily Market Outlook from ACFX 09/13/2013


    Important Financial Indicators of the day

    USD - 13:30 (GMT) - Core Retail Sales m/m - Forecast 0.3% - Previous 0.5%
    USD - 13:30 (GMT) - PPI m/m - Forecast 0.2% - Previous 0.0%
    USD - 13:30 (GMT) - Retail Sales m/m - Forecast 0.5% - Previous 0.2%
    USD - 14:55 (GMT) - Prelim UoM Consumer Sentiment - Forecast 82.6 - Previous 82.1


    Currencies

    ◾EUR/USD The dollar advanced against most of its major peers before a government report forecast to show U.S. retail sales accelerated.

    ◾The dollar rose 0.3 percent to 99.81 yen at 7:15 a.m. in London, set for a 0.7 percent weekly gain. It advanced 0.2 percent to $1.3267 per euro from $1.3299 yesterday, paring to 0.7 percent its decline since Sept. 6. The greenback yesterday touched $1.3325, matching the weakest since Aug. 29.

    ◾GBP/USD The pound was set for a second weekly advance versus the dollar before a construction output report analysts said will add to signs the U.K. economy is gaining momentum.

    ◾The pound was little changed at $1.5789 as of 7:32 a.m. London time after rising to $1.5840 yesterday, the highest since Feb. 8. It has gained 1 percent this week.

    ◾USD/JPY The Bank of Japan’s unprecedented bond-buying program designed to reach an inflation target of 2 percent in two years, combined with the Federal Reserve’s forecast trimming of monthly bond purchases, is putting pressure on the yen.

    ◾The Japan’s currency slid 0.1 percent to 99.66 per dollar as of 1:41 p.m. in Tokyo. That compares with an average of 99.71 in the past decade.



    Commodities

    ◾Oil West Texas Intermediate oil swung between gains and losses as the U.S. and Russia began talks on a plan for Syria to surrender its chemical weapons to avert a strike that has fanned concern of exports being disrupted.

    ◾Brent for October settlement, which expires today, gained $1.13, or 1 percent, to $112.63 a barrel on the London-based ICE Futures Europe exchange yesterday. The more active November future increased $1.34 to $111.53. The front-month European benchmark crude ended the session at a premium of $4.03 to WTI.

    ◾Gold slumped to a five week low, heading for its biggest weekly loss in more than two months, on speculation the U.S. Federal Reserve will taper asset purchases and as Goldman Sachs Group Inc. predicted further declines.

    ◾Bullion for immediate delivery fell as much as 1 percent to $1,308.18 an ounce, the lowest since Aug. 9, and was at $1,311.98 by 2:06 p.m. in Singapore. Prices earlier climbed 0.7 percent. The metal fell 3.2 percent yesterday and is down 5.7 percent this week, the most since the period to June 21.



    Equities

    ◾Asian stocks sank, with the regional benchmark index headed for the biggest drop since September 2011, as Japanese shares plummeted after China’s manufacturing output unexpectedly contracted and the yen strengthened.

    ◾The MSCI Asia Pacific Index declined 3.7 percent to 138.16 as of 3:57 p.m. in Tokyo, with about 12 shares falling for each that rose. The measure surged 11 percent this year through yesterday as Japanese shares rallied as the Bank of Japan stepped up stimulus efforts and the U.S. economy improved. Fed Chairman Ben S. Bernanke said yesterday a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk.

    ◾European stocks dropped as concern grew the Federal Reserve will scale back its stimulus measures if the U.S. economy improves and as data showed Chinese manufacturing is shrinking. U.S. index futures and Asian shares also fell as Japan’s Topix Index tumbled the most in two years.

    ◾The Stoxx 600 Index dropped 1.6 percent to 305.52 at 8:05 a.m. in London. The benchmark gauge rose 0.2 percent yesterday, extending its highest level since June 2008, after Fed Chairman Ben S. Bernanke said in a testimony to a Joint Committee of Congress in Washington that reducing stimulus measures too soon would endanger economic recovery.

    ◾U.S stocks stocks fell, with benchmark indexes retreating from record highs, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve.

    ◾The S&P (SPX) 500 fell 0.8 percent to 1,655.35 at 4 p.m. in New York, after rallying as much as 1.1 percent earlier. The Dow Jones Industrial Average lost 80.41 points, or 0.5 percent, to 15,307.17. About 8.3 billion shares changed hands today, 32 percent above the three-month average.

  4. #34

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    Daily Market Outlook from ACFX 09/17/2013


    Important Financial Indicators of the day

    GBP - 08:30 (GMT) - CPI y/y - Forecast 2.7% - Previous 2.8%
    EUR - 09:00 (GMT) - German ZEW Economic Sentiment - Forecast 45.3 - Previous 42.0
    CAD - 12:30 (GMT) - Manufacturing Sales m/m - Forecast 0.6% - Previous -0.5%
    USD - 12:30 (GMT) - Core CPI m/m - Forecast 0.2% - Previous 0.2%


    Currencies

    ◾EUR/USD The dollar traded 0.4 percent from its lowest level in almost three weeks against the euro as investors await a decision on U.S. monetary policy from Federal Reserve officials beginning a two-day meeting today.
    The dollar fetched $1.3330 per euro as of 1:27 p.m. in Tokyo, little changed from yesterday, when it touched $1.3386, the weakest since Aug. 28. The greenback added 0.2 percent to 99.25 yen. The euro rose 0.2 percent to 132.34 yen.

    ◾GBP/USD The pound rose to an eight-month high versus the dollar as Lawrence Summers withdrew from the race to lead the Federal Reserve, ending bets he would undo the central bank’s policies aimed at holding down borrowing costs.

    ◾The pound climbed 0.4 percent to $1.5935 at 4:16 p.m. London time after rising to $1.5963, the highest since Jan. 18. Sterling was little changed at 83.83 pence per euro after appreciating to 83.57 pence on Sept. 13, also the strongest level since Jan. 18.

    ◾USD/CAD The Canadian dollar increased to its strongest level in a month amid speculation the U.S. Federal
    Reserve won’t put an early end to its expansionary monetary policy, boosting riskier assets.

    ◾Canada’s currency appreciated 0.3 percent to C$1.0324 per U.S. dollar at 5 p.m. in New York after earlier touching C$1.0283, the strongest level since Aug. 12. One Canadian dollar purchases 96.88 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude slid for a third day on speculation that the threat of an imminent U.S.-led military strike against Syria is receding and as Libya’s oil production recovers.

    ◾WTI for October delivery declined as much as 87 cents to $105.72 a barrel in electronic trading on the New York Mercantile Exchange and was at $105.86 at 11:32 a.m. Singapore time. The contract dropped 1.5 percent to $106.59 yesterday, the close lowest since Aug. 26. The volume of all futures traded was about 3 percent less than the 100-day average.


    ◾Brent for November settlement slid as much as 62 cents, or 0.6 percent, to $109.45 a barrel on the London-based ICE Futures
    Europe exchange. The European benchmark crude was at a premium of $4.14 to WTI for the same month. The spread narrowed for the first time in four days yesterday to $3.88.

    ◾Gold swung between gains and losses as investors weighed the outlook for U.S. stimulus with the Federal Reserve to commence its policy meeting today.

    ◾Bullion for immediate delivery advanced 0.1 percent to $1,314.46 an ounce at 10:39 a.m. in Singapore after losing and gaining at least 0.3 percent. Prices fell to $1,303.43 yesterday, the lowest since Aug. 8. Gold for December delivery declined 0.3 percent to $1,314.10 an ounce on the Comex.




    Equities

    ◾Asian stocks fell, with the benchmark regional index declining from a four-month high, as the Federal Reserve begins a two-day policy meeting at which it is forecast to reduce the pace of its U.S. bond buying.

    ◾The MSCI Asia Pacific Index slipped 0.3 percent to 138.32 as of 11:38 a.m. in Hong Kong as nine of the 10 industry groups
    on the gauge declined. The Federal Open Market Committee meets today and tomorrow to consider whether to taper its $85 billion-a-month in bond buying.

    ◾U.S stocks rose, sending the Standard & Poor’s 500 Index to a five-week high and within 1 percent of a record, after Lawrence Summers withdrew his bid to be Federal Reserve chairman and tensions over dealing with Syria’s chemical weapons eased.

    ◾The Standard & Poor’s 500 Index added 0.6 percent to 1,697.60 at 4 p.m. in New York, after earlier rising as much as 1 percent. The Dow Jones Industrial Average advanced 118.72 points, or 0.8 percent, to 15,494.78. About 5.7 billion shares changed hands on U.S. exchanges, 4.5 percent below the three-month average.

  5. #35

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    Daily Market Outlook from ACFX 09/23/2013



    Important Financial Indicators of the day

    EUR - 07:00 (GMT) - French Flash Manufacturing PMI - Forecast 49.3 - Previous 48.9
    EUR - 07:30 (GMT) - German Flash Manufacturing PMI - Forecast 52.3 - Previous 51.8
    USD - 13:00 (GMT) - ECB President Draghi Speaks


    Currencies

    ◾EUR/USD The euro was 0.3 percent from a seven-month high against the dollar after Angela Merkel won an overwhelming endorsement from German voters, putting her on course for the biggest election tally since Helmut Kohl’s post-reunification victory of 1990.

    ◾The 17-nation currency traded at $1.3526 at 12 p.m. in Singapore from $1.3524 at the end of last week, near the seven-month high of $1.3569 reached Sept. 19. It slipped 0.2 percent to 134.07 yen. The euro has strengthened 2.5 percent this year
    against the greenback and 17 percent versus the yen.

    ◾AUD/USD Australia’s currency climbed against 15 of its 16 major counterparts after data on China’s manufacturing surpassed economist estimates, boosting prospects for the South Pacific nation’s commodity exports.

    ◾The Aussie advanced 0.3 percent to 94.22 U.S. cents as of 12:30 p.m. in Sydney after falling 1.3 percent in the prior two sessions. The New Zealand dollar was little changed at 83.65 U.S. cents after losing 0.1 percent on Sept. 20.

    ◾GBP/USD The pound strengthened for a third week against the dollar after the Federal Reserve unexpectedly refrained from slowing debt purchases that have devalued the U.S. currency

    ◾The pound advanced 0.9 percent this week to $1.6022 as of 5:02 p.m. London time yesterday after climbing to $1.6163 on
    Sept. 18, the highest level since Jan. 11. The U.K. currency dropped 0.8 percent to 84.40 pence per euro.




    Commodities

    ◾Oil West Texas Intermediate crude fluctuated as signs Chinese manufacturing expanded the most
    since March countered easing concern that conflict in Syria will spread and disrupt oil supplies.

    ◾WTI for November delivery fell as much as 33 cents to $104.42 a barrel in electronic trading on the New York
    Mercantile Exchange and was at $104.72 a barrel at 11:17 a.m. Singapore time. The October contract, which expired Sept. 20,
    closed at $104.67 a barrel, the lowest settlement since Aug. 21. The volume of all futures traded was about 43 percent below the
    100-day average.

    ◾Brent for November settlement lost 8 cents, or 0.1 percent, to $109.14 a barrel on the London-based ICE Futures Europe
    exchange. The contract closed 46 cents higher at $109.22 a barrel on Sept. 20. The European benchmark was at a premium of
    $4.40 to WTI, down from $4.47 at the end of last week.

    ◾Gold will extend losses into next year as the U.S. economy improves, according to Citigroup Inc., which said the Federal Reserve’s surprise decision to maintain stimulus for now hasn’t changed the fundamental outlook.

    ◾Bullion may drop below $1,250 an ounce before the end of the year as economic data strengthens and investors expect the Fed to start reducing its asset purchases, analysts Ed Morse and Heath Jansen said in a report today. Bullion will average $1,250 next year, down from $1,405 in 2013, the analysts wrote



    Equities

    ◾Asian stocks were little changed, with a regional benchmark index trading near a four-month high,
    after a Chinese manufacturing index jumped more than forecast.

    ◾The MSCI Asia Pacific excluding Japan Index climbed less than 0.1 percent to 469.44 as of 1:15 p.m. in Hong Kong. The gauge reached a four-month high on Sept. 19 after the Federal Reserve maintained its bond-buying program. Japan’s market is closed today for a holiday.

    ◾European stocks climbed for a third straight week after the Federal Reserve unexpectedly refrained from reducing its monthly bond purchases and Lawrence H. Summers withdrew from consideration as chairman of the central bank.

    ◾The Stoxx Europe 600 Index advanced 0.9 percent to 314.2 this past week. The equity gauge has surged 5.7 percent in September, putting it on course for the biggest monthly gain in almost two years. The measure has climbed 12 percent in 2013 as
    the euro area emerged from recession and central banks pledged to keep borrowing costs low to support the global economy.

  6. #36

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    Daily Market Outlook from ACFX 09/24/2013



    Important Financial Indicators of the day

    CAD - 12:30 (GMT) - Core Retail Sales m/m - Forecast 0.6% - Previous -0.8%
    USD - 14:00 (GMT) - CB Consumer Confidence - Forecast 79.9 - Previous 81.5


    Currencies

    ◾EUR/USD The dollar remained lower after a two-day slide versus the yen as the U.S. government moves closer
    to a shutdown with lawmakers wrangling over the debt limit.

    ◾The dollar slipped 0.1 percent to 98.76 yen as of 12:07 p.m. in Tokyo, after falling 0.6 percent in the previous two
    days. It fetched $1.3495 per euro after rising 0.2 percent to $1.3493 yesterday, the biggest gain since Sept. 5.

    ◾AUD/NZD Australia’s dollar traded 0.6 percent from an almost five-year low versus its New Zealand counterpart on bets interest rates at the nations’ central banks will diverge.

    ◾The Australian dollar was little changed at NZ$1.1272 as of 9:46 a.m. in Sydney from yesterday, after touching NZ$1.12 on
    Aug. 1, the weakest since October 2008. It traded at 94.22 U.S. cents, after gaining 0.4 percent yesterday to 94.31. New Zealand’s dollar slid 0.2 percent to 83.59 U.S. cents.

    ◾USD/CAD The Canadian dollar gained for the first time in three days before a report tomorrow forecast to
    show retail sales rebounded in July from the worst monthly decline this year.

    ◾The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0284 per U.S. dollar at 5 p.m. in Toronto. It reached C$1.0182 per U.S. dollar Sept. 19, the highest since June. One loonie buys 97.24 U.S. cents.


    Commodities

    ◾Oil West Texas Intermediate crude traded near the lowest price in more than six weeks amid speculation a United Nations resolution this week will reduce the likelihood of a U.S.-led military strike against Syria.

    ◾WTI for November delivery was at $103.46 a barrel in electronic trading on the New York Mercantile Exchange, down 13 cents, at 12:15 p.m. Singapore time. The contract dropped $1.08 to $103.59 yesterday, capping a three-day losing streak. The volume of all futures traded was about 74 percent less than the 100-day average. Prices have gained 7.2 percent this quarter, the most in a year, and are up 13 percent so far in 2013.

    ◾Brent for November settlement slid 8 cents to $108.08 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $4.62 to WTI. The spread widened for a second day to $4.57 yesterday.

    ◾Gold snapped a two-day decline on speculation that demand may strengthen before China’s Golden
    Week holiday as lower prices lure buyers. Silver, platinum and palladium increased.

    ◾Gold for immediate delivery rose as much as 0.4 percent to $1,328.63 an ounce and traded at $1,326.61 at 9:18 a.m. in
    Singapore. Bullion fell for a fourth week last week, the longest losing streak since April, even after the U.S. Federal Reserve refrained from slowing its $85 billion-a-month of bond buying that helped the metal cap a 12-year bull run in 2012.



    Equities

    ◾Asian stocks fell from a four-month high amid a political showdown in Washington over the U.S. budget and as investors examined speeches from Federal Reserve officials for clues on monetary policy.

    ◾The MSCI Asia Pacific Index fell 0.9 percent to 140.08 as of 11:44 a.m. in Hong Kong, with all 10 industry groups on the gauge declining. The measure climbed 8.5 percent in September through yesterday, on course for the best month since May 2009, after the Fed maintained the pace of its stimulus program and data showed China’s economic growth is stabilizing. The yen traded at 98.73 per dollar, strengthening from the most recent close in equity markets in Tokyo last week.

    ◾European stocks fell for a second day, the first back-to-back losses this month, as investors weighed the German election result and monetary-policy statements from Federal Reserve officials William C. Dudley and Dennis Lockhart.

    ◾The Stoxx Europe 600 Index retreated 0.5 percent to 312.62 at the close of trading. The gauge has still surged 9.7 percent this quarter, on course for the biggest gain in four years. The measure advanced for a third week last week, extending its rally this year to 12 percent, after the Fed unexpectedly refrained from reducing its monthly asset purchases

    ◾U.S stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares slumped and investors watched speeches from Federal Reserve officials for clues on monetary policies.

    ◾The S&P 500 (SPX) retreated 0.5 percent to 1,701.84 at 4 p.m. in New York. The benchmark gauge has lost 1.4 percent over three days, giving back all its gains from the Fed’s unexpected move last week to maintain stimulus levels. The Dow Jones Industrial Average slipped 49.71 points, or 0.3 percent, to 15,401.38. About 5.8 billion shares changed hands on U.S. exchanges, in line with the three-month average. [/B]

  7. #37

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    Daily Market Outlook from ACFX 09/25/2013



    Important Financial Indicators of the day

    CAD - 12:30 (GMT) - Core Retail Sales m/m - Forecast 0.6% - Previous -0.8%
    USD - 14:00 (GMT) - CB Consumer Confidence - Forecast 79.9 - Previous 81.5


    Currencies

    ◾EUR/USD The dollar remained lower after a two-day slide versus the yen as the U.S. government moves closer
    to a shutdown with lawmakers wrangling over the debt limit.

    ◾The dollar slipped 0.1 percent to 98.76 yen as of 12:07 p.m. in Tokyo, after falling 0.6 percent in the previous two days. It fetched $1.3495 per euro after rising 0.2 percent to $1.3493 yesterday, the biggest gain since Sept. 5.

    ◾AUD/NZD Australia’s dollar traded 0.6 percent from an almost five-year low versus its New Zealand counterpart on bets interest rates at the nations’ central banks will diverge.

    ◾The Australian dollar was little changed at NZ$1.1272 as of 9:46 a.m. in Sydney from yesterday, after touching NZ$1.12 on
    Aug. 1, the weakest since October 2008. It traded at 94.22 U.S. cents, after gaining 0.4 percent yesterday to 94.31. New Zealand’s dollar slid 0.2 percent to 83.59 U.S. cents.

    ◾USD/CAD The Canadian dollar gained for the first time in three days before a report tomorrow forecast to
    show retail sales rebounded in July from the worst monthly decline this year.

    ◾The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0284 per U.S. dollar at 5 p.m. in Toronto. It reached C$1.0182 per U.S. dollar Sept. 19, the highest since June. One loonie buys 97.24 U.S. cents.



    Commodities

    ◾Oil West Texas Intermediate crude traded near the lowest price in more than six weeks amid speculation a United Nations resolution this week will reduce the likelihood of a U.S.-led military strike against Syria. ◾WTI for November delivery was at $103.46 a barrel in electronic trading on the New York Mercantile Exchange, down 13 cents, at 12:15 p.m. Singapore time. The contract dropped $1.08 to $103.59 yesterday, capping a three-day losing streak. The volume of all futures traded was about 74 percent less than the 100-day average. Prices have gained 7.2 percent this quarter, the most in a year, and are up 13 percent so far in 2013.

    ◾Brent for November settlement slid 8 cents to $108.08 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $4.62 to WTI. The spread widened for a second day to $4.57 yesterday.

    ◾Gold snapped a two-day decline on speculation that demand may strengthen before China’s Golden Week holiday as lower prices lure buyers. Silver, platinum and palladium increased

    ◾Gold for immediate delivery rose as much as 0.4 percent to $1,328.63 an ounce and traded at $1,326.61 at 9:18 a.m. in Singapore. Bullion fell for a fourth week last week, the longest losing streak since April, even after the U.S. Federal Reserve
    refrained from slowing its $85 billion-a-month of bond buying that helped the metal cap a 12-year bull run in 2012.



    Equities

    ◾Asian stocks fell from a four-month high amid a political showdown in Washington over the U.S. budget and as investors examined speeches from Federal Reserve officials for clues on monetary policy.

    ◾The MSCI Asia Pacific Index fell 0.9 percent to 140.08 as of 11:44 a.m. in Hong Kong, with all 10 industry groups on the gauge declining. The measure climbed 8.5 percent in September through yesterday, on course for the best month since May 2009, after the Fed maintained the pace of its stimulus program and data showed China’s economic growth is stabilizing. The yen traded at 98.73 per dollar, strengthening from the most recent close in equity markets in Tokyo last week.

    ◾European stocks fell for a second day, the first back-to-back losses this month, as investors weighed the German election result and monetary-policy statements from Federal Reserve officials William C. Dudley and Dennis Lockhart.

    ◾The Stoxx Europe 600 Index retreated 0.5 percent to 312.62 at the close of trading. The gauge has still surged 9.7 percent this quarter, on course for the biggest gain in four years. The measure advanced for a third week last week, extending its rally this year to 12 percent, after the Fed unexpectedly refrained from reducing its monthly asset purchases

    ◾U.S stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares slumped and investors watched speeches from Federal Reserve officials for clues on monetary policies.

    ◾The S&P 500 (SPX) retreated 0.5 percent to 1,701.84 at 4 p.m. in New York. The benchmark gauge has lost 1.4 percent over three days, giving back all its gains from the Fed’s unexpected move last week to maintain stimulus levels. The Dow Jones Industrial Average slipped 49.71 points, or 0.3 percent, to 15,401.38. About 5.8 billion shares changed hands on U.S. exchanges, in line with the three-month average.

  8. #38

    Default

    Daily Market Outlook from ACFX 09/30/2013


    Important Financial Indicators of the day

    CAD - 12:30 (GMT) - GDP m/m - Forecast 0.6% - Previous -0.5%


    Currencies

    •EUR/USD The dollar dropped to a one-month low against the yen as political wrangling over the budget threatened a U.S. government shutdown from tomorrow.

    •The dollar touched 97.53 yen, the weakest since Aug. 29, before trading 0.4 percent lower at 97.89 yen as of 6:48 a.m. in London. Japan’s currency added 0.6 percent to 132.11 versus Europe’s 17-nation tender and reached 131.38, the strongest since Sept. 9. The euro declined 0.2 percent to $1.3497

    •GBP/USD The pound strengthened for a fourth day against the euro after an industry report showed U.K. house prices rose the most in six years this month.

    •The pound rose 0.4 percent to 83.49 pence per euro at 7:58 a.m. London time after appreciating to 83.40 pence, the strongest since Jan. 17. Sterling was little changed at $1.6145.




    Commodities

    •Oil West Texas Intermediate crude fell to the lowest in almost three months on concern that the U.S. government is headed for a shutdown over a budget stalemate that would reduce demand in the world’s largest oil consumer.

    •WTI for November delivery slid as much as $1.42 to $101.45 a barrel in electronic trading on the New York Mercantile Exchange, the lowest intraday price since July 5. The contract was at $101.50 at 2:49 p.m. Singapore time. The volume of all futures traded was about 33 percent above the 100-day average. Prices are up 5.1 percent this quarter and 11 percent in 2013.

    •Brent for November settlement fell as much as $1.13, or 1 percent, to $107.50 a barrel on the London-based ICE Futures Europe exchange and was at $107.60. The European benchmark crude was at a premium of $6.08 to WTI futures, up from $5.76 on Sept. 27.

    •Gold advanced to the highest level in more than a week, heading for the first quarterly increase in a year, as concern that the U.S. government may be shut down because of a budget impasse boosted haven demand.

    •Bullion for immediate delivery advanced as much as 1.3 percent to $1,354.35 an ounce, the highest price since Sept. 20, and was at $1,340.80 at 3:06 p.m. in Singapore. Prices are 8.6 higher in the three months ending today, the first quarterly increase since the period to September 2012.



    Equities

    •Asian stocks fell, with the benchmark index paring its biggest monthly gain since 2012, on concern the U.S. government is headed for a shutdown amid a budget stalemate.

    •The MSCI Asia Pacific Index dropped 1.5 percent to 138.73 as of 3:33 p.m. in Tokyo, with all 10 industry groups on the gauge falling. It’s headed for a 6.6 percent increase this month, the most since January 2012, and is up 6.3 percent this quarter. Even if Congress resolves the budget fight by the Oct. 1 deadline, U.S. lawmakers would move to the next fiscal dispute over raising the $16.7 trillion debt ceiling.

    •European stocks sank as the U.S. faced the first government shutdown in 17 years and Italian Prime Minister Enrico Letta fought to save his administration. Asian shares and U.S. index futures retreated.

    •The Stoxx Europe 600 Index fell 0.7 percent to 310.02 at 8:05 a.m. in London. The gauge has still climbed 4.3 percent in September as the Federal Reserve held off from trimming its monthly asset purchases. It has surged 8.8 percent since the end of June, heading for the biggest quarterly gain in four years. Standard & Poor’s 500 Index futures retreated 0.8 percent today, while the MSCI Asia Pacific Index sank 1.5 percent.

    •U.S stocks futures slumped for a second day and Treasuries rose as politicians clashed over the federal budget, threatening a U.S. government shutdown starting tomorrow.

    •Standard & Poor’s 500 Index futures expiring in December dropped 0.7 percent to 1,675.20 as of 6:42 a.m. in London, heading for the lowest close in three weeks. U.S. 10-year yields fell three basis points, or 0.03 percentage point, to 2.60 percent, Bloomberg Bond Trader data show. The 2.5 percent note due in August 2023 rose 7/32, or $2.19 per $1,000 face amount, to 99 5/32 as investors sought the relative safety of debt.

  9. #39

    Default Daily Market Outlook from ACFX 10/02/2013

    Daily Market Outlook from ACFX 10/02/2013


    Important Financial Indicators of the day

    GBP - 08:00 (GMT) - Manufacturing PMI - Forecast 57.5 - Previous 57.2

    USD - 14:00 (GMT) - ISM Manufacturing PMI - Forecast 55.3 - Previous 55.7



    Currencies

    •EUR/USD The dollar slid to the lowest since Jan. 3 versus the pound after a partial shutdown of the U.S. government began with Congress in partisan dead-lock.

    •The dollar fell 0.3 percent to $1.6233 versus the pound as of 7:03 a.m. in London and touched as low as $1.6247, declining for a third day. The U.S. currency fell 0.1 percent to $1.3541 per euro. The yen rallied 0.1 percent to 98.16 per dollar after falling as much as 0.5 percent. It was little changed at 132.92 per euro.

    •AUD/USD Australia’s dollar climbed against all 16 major peers after the Reserve Bank refrained from cutting interest rates today.
    •The Australian dollar advanced 0.8 percent to 93.96 U.S. cents as of 3:41 p.m. in Sydney. Its New Zealand counterpart was little changed at 83.03 U.S. cents.

    •USD/CAD Canada’s dollar touched a four-day high after a report showed gross domestic product increased at the fastest pace in two years in July, adding to evidence the nation’s economy is rebounding from a second-quarter slowdown.

    •The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, appreciated as much as 0.3 percent to C$1.0275 per U.S. dollar before erasing gains at day’s end to trade little changed at C$1.0309 at 5 p.m. in Toronto. One Canadian dollar buys 97 U.S. cents.



    Commodities

    •Oil West Texas Intermediate slid for a third day as the U.S. government shut down over a budget stalemate, threatening to slow the economy and reduce demand in the world’s largest oil consumer.

    •WTI for November delivery fell as much as 49 cents to $101.84 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.97 at 1:33 p.m. Singapore time. The contract decreased 0.5 percent to $102.33 yesterday, the lowest level since July 3. The volume of all futures traded was about 46 percent below the 100-day average. Prices increased 6 percent last quarter.

    •Brent for November settlement fell as much as 67 cents, or 0.6 percent, to $107.70 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $5.80 to WTI futures, from $6.04 yesterday.

    •Gold held losses on speculation that the first U.S. government shutdown in 17 years, which started at midnight in Washington, will be short-lived as lawmakers are forced to seek a compromise. Platinum touched an 11-week low.

    •Bullion for immediate delivery fell as much as 0.3 percent to $1,324.95 an ounce, extending yesterday’s 0.6 percent loss, and was at $1,328.35 at 12:24 p.m. in Singapore. Platinum fell as much as 0.6 percent to $1,395.13 an ounce, the lowest level since July 1, before rising 0.2 percent to $1,406.60.




    Equities

    •Asian stocks rose, led by Japanese shares, after Prime Minister Shinzo Abe said the nation will increase its sales tax as planned. Gains were limited by the first partial U.S. government shutdown in 17 years.

    •The MSCI Asia Pacific Index rose 0.3 percent to 138.96 as of 2:37 p.m. in Tokyo with all but three of the 10 industry groups advancing. Japan will raise its sales tax in April to 8 percent from 5 percent, Abe said today. U.S. lawmakers passed a midnight deadline without reaching a compromise to keep funding the government. Both sides of U.S. politics also are still in dispute over raising the nation’s $16.7 trillion debt ceiling

    •European stocks futures climbed, indicating the Stoxx Europe 600 Index will rebound from its biggest decline in a month, as investors gauged the impact of a partial shutdown of the U.S. government. U.S. stock futures and Asian shares advanced.

    •Futures on the Euro Stoxx 50 (SX5E) expiring in December added 0.3 percent to 2,887 at 7:23 a.m. in London. Contracts on the U.K.’s FTSE 100 Index increased less than 0.1 percent. Standard & Poor’s 500 Index futures climbed 0.2 percent, while the MSCI Asia Pacific Index rose 0.2 percent.

    •U.S stocks slid, paring a quarterly gain for the Standard & Poor’s 500 Index, as a stalemate over the federal budget sent the government toward a potential shutdown at midnight.

    •The S&P 500 fell 0.6 percent to 1,681.55 at 4 p.m. in New York. The benchmark gauge added 3 percent for the month, giving it a quarterly gain of 4.7 percent, as the Federal Reserve kept its $85 billion of monthly bond-buying. The Dow Jones Industrial Average lost 128.57 points, or 0.8 percent, to 15,129.67 today. About 6.3 billion shares changed hands on U.S. exchanges, 8.7 percent above the three-month average.

  10. #40

    Default

    Daily Market Outlook from ACFX 10/03/2013


    Important Financial Indicators of the day

    GBP - 08:00 (GMT) - Manufacturing PMI - Forecast 57.5 - Previous 57.2

    USD - 14:00 (GMT) - ISM Manufacturing PMI Forecast 55.3 - Previous 55.7



    Currencies

    •EUR/USD The dollar slid to the lowest since Jan. 3 versus the pound after a partial shutdown of the U.S. government began with Congress in partisan dead-lock.

    •The dollar fell 0.3 percent to $1.6233 versus the pound as of 7:03 a.m. in London and touched as low as $1.6247, declining for a third day. The U.S. currency fell 0.1 percent to $1.3541 per euro. The yen rallied 0.1 percent to 98.16 per dollar after falling as much as 0.5 percent. It was little changed at 132.92 per euro.

    •AUD/USD Australia’s dollar climbed against all 16 major peers after the Reserve Bank refrained from cutting interest rates today.
    •The Australian dollar advanced 0.8 percent to 93.96 U.S. cents as of 3:41 p.m. in Sydney. Its New Zealand counterpart was little changed at 83.03 U.S. cents.

    •USD/CAD Canada’s dollar touched a four-day high after a report showed gross domestic product increased at the fastest pace in two years in July, adding to evidence the nation’s economy is rebounding from a second-quarter slowdown.

    •The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, appreciated as much as 0.3 percent to C$1.0275 per U.S. dollar before erasing gains at day’s end to trade little changed at C$1.0309 at 5 p.m. in Toronto. One Canadian dollar buys 97 U.S. cents.




    Commodities

    •Oil West Texas Intermediate slid for a third day as the U.S. government shut down over a budget stalemate, threatening to slow the economy and reduce demand in the world’s largest oil consumer. •WTI for November delivery fell as much as 49 cents to $101.84 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.97 at 1:33 p.m. Singapore time. The contract decreased 0.5 percent to $102.33 yesterday, the lowest level since July 3. The volume of all futures traded was about 46 percent below the 100-day average. Prices increased 6 percent last quarter.

    •Brent for November settlement fell as much as 67 cents, or 0.6 percent, to $107.70 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $5.80 to WTI futures, from $6.04 yesterday.

    •Gold held losses on speculation that the first U.S. government shutdown in 17 years, which started at midnight in Washington, will be short-lived as lawmakers are forced to seek a compromise. Platinum touched an 11-week low.

    •Bullion for immediate delivery fell as much as 0.3 percent to $1,324.95 an ounce, extending yesterday’s 0.6 percent loss, and was at $1,328.35 at 12:24 p.m. in Singapore. Platinum fell as much as 0.6 percent to $1,395.13 an ounce, the lowest level since July 1, before rising 0.2 percent to $1,406.60.




    Equities

    •Asian stocks rose, led by Japanese shares, after Prime Minister Shinzo Abe said the nation will increase its sales tax as planned. Gains were limited by the first partial U.S. government shutdown in 17 years.

    •The MSCI Asia Pacific Index rose 0.3 percent to 138.96 as of 2:37 p.m. in Tokyo with all but three of the 10 industry groups advancing. Japan will raise its sales tax in April to 8 percent from 5 percent, Abe said today. U.S. lawmakers passed a midnight deadline without reaching a compromise to keep funding the government. Both sides of U.S. politics also are still in dispute over raising the nation’s $16.7 trillion debt ceiling

    •European stocks futures climbed, indicating the Stoxx Europe 600 Index will rebound from its biggest decline in a month, as investors gauged the impact of a partial shutdown of the U.S. government. U.S. stock futures and Asian shares advanced.

    •Futures on the Euro Stoxx 50 (SX5E) expiring in December added 0.3 percent to 2,887 at 7:23 a.m. in London. Contracts on the U.K.’s FTSE 100 Index increased less than 0.1 percent. Standard & Poor’s 500 Index futures climbed 0.2 percent, while the MSCI Asia Pacific Index rose 0.2 percent.

    •U.S stocks slid, paring a quarterly gain for the Standard & Poor’s 500 Index, as a stalemate over the federal budget sent the government toward a potential shutdown at midnight.

    •The S&P 500 fell 0.6 percent to 1,681.55 at 4 p.m. in New York. The benchmark gauge added 3 percent for the month, giving it a quarterly gain of 4.7 percent, as the Federal Reserve kept its $85 billion of monthly bond-buying. The Dow Jones Industrial Average lost 128.57 points, or 0.8 percent, to 15,129.67 today. About 6.3 billion shares changed hands on U.S. exchanges, 8.7 percent above the three-month average.

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