News / Page 420

European Session – Euro weighed down by German data

Posted on May 14, 2013 at 12:10 pm GMT

The euro turned lower against the dollar after being weighed down by disappointing German confidence data on Tuesday. The ZEW index missed expectations and increased less-than-forecast to 36.4 from 36.3 in April. The data caused some concerns to investors who fear that the euro zone debt crisis may have risks to Germany. The euro only enjoyed a brief boost to $1.3027 following a successful Spanish bond auction which resulted in lowering Spanish bond yields. A separate report showed that euro [..]

Forex News – Euro up after successful Spanish bond sale

Posted on May 14, 2013 at 9:41 am GMT

Euro reversed losses made after the disappointing German ZEW and bounced 40 pips to a high of $1.3027 after better-than-expected euro zone industrial production data as well as a successful Spanish debt auction. The Spanish government treasury sold a total of 4.05 billion of government debt, which is above the full targeted amount of EUR4 billion. The good news helped push yields down. On the Spanish 10-year bonds, yields are down to 4.352 percent after the auction. On the 12-month [..]

Asian Session – Dollar eases off 4-year highs as yen gains

Posted on May 14, 2013 at 6:24 am GMT

Tuesday’s Asian session saw the dollar being knocked off multi-year highs against the yen as the recent sharp rally prompted investors to take profit, and await more US economic data later today. Any positive data will give even more reason for the Federal Reserve to taper off quantitative easing. Monday’s strong US retail sales data as well as last week’s improved jobs data, has raised speculation that the Fed will begin to cut back on bond buying, which tends to [..]

US Session – Dollar boosted by US retail sales

Posted on May 13, 2013 at 7:31 pm GMT

The US dollar got a further boost after upbeat US data on Monday which showed retail sales surprisingly defied forecasts for a decline and rose a seasonally adjusted 0.1 percent in April. Meanwhile, helping support the dollar is expectation that the Federal Reserve will wind down its monetary stimulus measures. An exit by the Fed from its bond-buying program would make the dollar more attractive. USDJPY first broke 100 yen last week and today the pair hit as high as [..]

Forex News – US retail sales surprisingly rises in April

Posted on May 13, 2013 at 1:24 pm GMT

US retail sales increased beat expectations and surprised to the upside, giving optimism that the US economic recovery is gaining momentum. Today’s data comes on the back of strong US jobs data – a fall in jobless claims and strong nonfarm payrolls this month. According to data released by the US Commerce Department n Monday, retail sales grew 0.1 percent after a revised 0.5 percent decline in March. This was better than the projected 0.3 percent decline. The core retail [..]

European Session – Dollar remains buoyed, US retail sales in focus

Posted on May 13, 2013 at 11:51 am GMT

There was hardly any change in currencies in the European session on Monday, as there was a lack of a catalyst amid a light economic calendar today. Investors gave a cautious start to the week after a busy end of last week when the US dollar was propelled to new 4-year highs against the yen and gained versus other risk currencies on the back of strong US jobs data. The Federal Reserve is expected to taper of current quantitative easing [..]

Forex News – UK expected to continue to grow the rest of 2013

Posted on May 13, 2013 at 11:00 am GMT

The United Kingdom has narrowly avoided a triple dip recession, as indicated by recent economic data and estimates by the Office for National Statistics that GDP expanded by 0.3 per cent in the first quarter of the year. The Confederation of British Industry (CBI) also claims that it expects GDP to expand, with their estimates of 1 per cent in 2013, followed by 2 per cent growth next year. “Our latest survey data suggests that the momentum shown in the [..]

Forex News – China industrial production lower than forecast

Posted on May 13, 2013 at 7:14 am GMT

China released some mixed economic data this morning, mostly weaker than expected. This disappointed markets since the data highlights how the economic recovery in the world’s second largest economy is still fragile and progress is slow. China’s annual industrial output grew at 9.3 percent in April, missing expectations of 9.4 percent. However this was still more than the previous month’s seven-month low of 8.9 percent. Meanwhile, other data showed that fixed-asset investment, an important driver of economic activity, grew slower-than-expected [..]

Asian Session – Yen slides after G7 meeting

Posted on May 13, 2013 at 5:06 am GMT

The yen weakened further in Monday’s Asian session after the G7 meeting held over the weekend did not result in any criticism of Japan’s policies that has resulted in a weaker currency. Some countries have slammed Japan for deliberately targeting the yen’s exchange rate but the G7 have reaffirmed that this is in line with the nation’s needs to fight deflation and stimulate the economy. The dollar broke past 102 yen to trade higher than last week and is expected [..]

US Session – Dollar rally unstoppable after breaking 100 yen

Posted on May 10, 2013 at 8:38 pm GMT

The US dollar continued to strengthen against most major currencies on Friday, after breaching the 100 yen level on Thursday caused a strong rally in the USD across the board. The improving US labor market, highlighted by a drop in jobless claims on Thursday and strong nonfarm payrolls last week as well as the diverging views on policy between the Federal Reserve and other central banks has helped ignite dollar strength. A strong economy would give the Fed reason to [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

News

XM Live Chat