Brent slips towards $122; China overall imports slide
April 10 2012 9:35 AM
Brent crude futures slipped towards $122 as a steeper than expected fall in China's overall imports in March raised concerns about oil demand growth in the world's second-biggest consumer.
AUD to Attract Investors' Attention in G10 This Week
April 09 2012 9:59 AM
The Australian dollar will attract investors’ attention this week, as the data from China and domestic employment report likely to give direction to the commodity currency.
USD – Preview: NFP Should Give Further Support to Dollar
April 05 2012 12:09 PM
The non-farm payroll report for March will be an important indication of how the market balances two key factors. If we have a report that comes in as expected - with more than 200K jobs created in the month - it shows that the momentum in the US economy continues on pace.
Canadian Employment Boom in March Strengthens CAD Across the Board
April 05 2012 10:25 AM
The 4/5 Canadian releases were very positive beating expectations. Nick Nasad, Chief Market Analyst prepared us for this: Preview: Jobs Data can Extend CAD Strength (4/4). Building Permits (February): 7.5% forecast: 2.6%, previous -11.4% revised from -12.3%, but more importantly, Employment Change (March): 82.3K, forecast: 11.3K, previous: -2.8K (best data in 8 months), Unemployment Rate (March): 7.2%, forecast: 7.5%, previous: 7.4%
US Employment Outlook Grim
April 05 2012 9:52 AM
Hiring plans in the U.S. are getting back to pre-recession levels, according to CareerBuilder's latest nationwide survey. One-third of employers added full-time, permanent employees in the first quarter of this year, on par with 2007 and the highest increase reported since the recession began. The momentum is expected to continue with 30 percent of employers planning to add new full-time, permanent staff in April through June. The national survey, which was conducted by Harris Interactive© fr...
EUR/USD – Preview: Will Draghi’s Message Pressure the Euro?
April 04 2012 3:54 AM
Release: EUR Interest Rate Decision Consensus Forecast: 1.0% Previous: 1.0% Date/Time: 04/04/12 7:45 AM EDT (11:45 GMT, 12:45 BST) ECB Press Conference Date/Time: 04/04/12 8:30 AM EDT (12:30 GMT, 13:30 BST) Draghi To Urge Governments to Use Respite From Crisis Wisely
FOMC minutes and US labour market in focus
March 30 2012 6:52 PM
The past week has seen a multitude of Fed speakers express their views on the economic outlook and monetary policy. Voting members Bernanke, Lacker, Lockhart, Duke, and Dudley all delivered speeches as well as non-voters Plosser, Fisher, and Rosengren. The main focus was on Chairman Bernanke who reiterated his concern that the economic recovery is slower than we would have hoped and that the job market remains far from normal.
EUR Risks to Persist Despite Increase in Rescue Funds
March 30 2012 9:33 AM
The euro traded higher against the US dollar and the British pound Friday ahead of the eurozone finance ministers’ two-day meeting, where the leaders are likely to boost the rescue funds for the region.
RMB, BRICS and Currencies
March 28 2012 9:19 PM
BRICS banks to sign pacts to push forward local currency lending. China Development Bank (CDB) and its BRICS' counterparts will sign agreements Thursday to formalize co-operation in local currency lending, in a bid to further facilitate trade and investment among the 5 countries, said chairman of CDB Chen Yuan Wednesday.
Euro Outlook: Merkel Sees German Yields Rising
March 27 2012 9:02 PM
Merkel sees German yields rising, crisis ebbs. German Chancellor Angela Merkel told lawmakers Tuesday that she expects German borrowing costs to rise as the debt crisis ebbs, and the Country's status as a safe-haven fades.
The Fed Hints at QE3, US Dollar Outlook
March 26 2012 9:08 PM
US Fed Chairman says US needs faster growth. The US economy needs to grow more quickly to bring down the unemployment rate further, US Federal Reserve Chairman Ben Bernanke said Monday, defending the central bank's policy of Zero + interest rates.
Japan – Canada Free Trade Deal
March 26 2012 8:42 AM
Japan and Canada Sunday decided to begin negotiations on a bi-lateral free trade accord and increase co-operation on energy and security issues. The 2 sides had agreed that the 2 economies are largely complementary and much potential remains to be tapped after concluding a joint study on the feasibility of an agreement on free trade earlier this month.
Pimco’s Bill Gross says QE3 is Coming
March 26 2012 8:41 AM
Pimco's Bill Gross says, US Fed could Hint at QE-3 at April meeting. The Fed is likely to hint at QE-3 at its 25 April gathering, Bill Gross wrote on Twitter Sunday. Bill Gross runs the World's biggest bond fund at Pacific Investment Management Co., and he said the US Federal Reserve will probably signal it plans to arrange a 3rd round of debt purchases when policy makers meet in April.
AUD/USD Seen Lower on Draconian Mining Tax
March 25 2012 9:01 PM
One of Australia's worst ever Governments and by far the worst ever treasurer have bitten the hand that feeds them with the Mining Tax. The AUD will be the first victim. Australia is a Mining nation and the majority of Australia-China Trade is Mining based.
March 25 2012 9:00 PM
Bank of England urges banks to raise capital against potential shocks. British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank of England (BOE) warned in its report released Friday.
USD, JPY, EUR Update
March 25 2012 8:58 PM
The recent reports of weak economic data provided another rumor of an imminent China reserve ratio (RRR) cut which helped to halt the recent risk aversion flows.
Indices Insider: Are markets only taking a breather?
March 22 2012 6:50 PM
US indices have had one of their worst weeks of the year so far as stock markets have stumbled from multi-year highs as risk aversion has gripped markets. This isn't just evident in the stock markets, US Treasury yields have also backed away from recent highs and risky FX including the euro is also coming under pressure.
US Recovery Has Negative Effects on New Zealand Housing Markets
March 20 2012 8:55 PM
In the last month global investors have begun selling down their holdings in safe haven assets such as US Treasuries, on the back of improving US economic data including better- than-expected employment and retail sales figures.
European Markets Set To Open Down… With Global Economic Pressures Mounting
March 20 2012 8:49 PM
European markets have dipped on early trading as last week's rally seems to have petered out. The FTSE 100 is down 25.3 points at 5,935.8, while Germany's DAX is off 31.7 points at 7,122.6 and France's CAC 40 is lagging 20.6 points at 3,557.3.
Asian Markets Up; Dollar Down
March 19 2012 10:18 PM
The dollar fell Tuesday as easing fears about the threat posed to the euro zone by Greece diminished the U.S. currency's safe-haven appeal, while Asian shares crept higher following a rally on Wall Street.