-
1 Attachment(s)
Weekly outlook: March 25 - 29
investing.com
Monday, March 25
The U.K. is to release industry data on mortgage approvals, a leading indicator of demand in the housing market.
Later in the day, Federal Reserve Chairman Ben Bernanke is to speak at an event in London; his comments will be closely watched for any indication of the possible future direction of monetary policy.
Also Monday, New Zealand is to release official data on the trade balance, the difference in value between imports and exports.
Attachment 484
See more here
-
Euro's bounce on Cyprus deal runs out of steam
reuters.com
- Cyprus clinches last-ditch deal with international lenders
- Deal endorsed by euro zone finance ministers
- Euro's bounce likely to draw sellers
See more here
-
1 Attachment(s)
Cyprus rescue terms keep euro weak versus dollar
reuters.com
- Euro trades near four-month low against dollar
- Worries grow over Cyprus deal fallout
- Euro hits multi-month low versus growth-linked currencies
- Sellers to emerge on any euro rebounds
Attachment 533
See more here
-
1 Attachment(s)
Euro near 4-month low, yen dips on BOJ expectations
reuters.com
- Euro still smarts from "Cyprus model" suspicions
- Little sign of contagion to Italy, Spain
- Yen under pressure ahead of April 3-4 BOJ meeting
- Commodity currencies shine on rising risk appetite after Wall St gains
Attachment 535
See more here
-
Euro drops to 4-month low vs dollar, could weaken more
reuters.com
- Euro hits fresh 4-month low versus dollar
- Worries grow after Cyprus deal, euro may drop to $1.26
- Dollar index hits 7-1/2 month high, yen recovers
See more here
-
1 Attachment(s)
Gold futures score first gain in four sessions
marketwatch.com
Gold futures climbed back above $1,600 an ounce Wednesday to score the first gain in four sessions, as a drop in U.S. equities sent investors scrambling to the perceived safety of the precious metal.
South Africa and Russia are in talks to form an OPEC-style cartel to coordinate exports of platinum and palladium, according to a report by Bloomberg News. OPEC refers to the Organization of the Petroleum Exporting Countries, a group comprised of the world’s key oil producers that helps to maintain supply and demand balance in the oil market.
Attachment 557
See more here
-
What’s Moving EUR, USD and CAD?
bkassetmanagement.com
With the exception of USD/JPY, currencies and equities are trading slightly higher this morning as better than expected German retail sales and the lack of panic on the first day that Cyprus banks have reopened eased concerns in the financial markets and stabilized the EUR. The strict capital controls put in place has gone a long way in preventing bank runs today. The slightly weaker U.S. economic reports also didn’t cause too much of a stir in the FX markets. In fact, USD/JPY recovered its initial losses and rose to intraday high post release.
See more here
-
Tokyo stocks, euro up in holiday-hit trade
theaustralian.com.au
JAPANESE shares ended higher at the end of quiet regional trade on Friday but the euro edged lower on lingering concerns over Cyprus despite the island's bank's reopening to relative calm.
Japan's benchmark Nikkei 225 index ended 0.50 per cent higher, adding 61.95 points to 12,397.91. The market finished the first three months of 2012 almost 20 per cent higher.
In other markets Seoul gained 0.57 per cent, or 11.37 points, to end at 2,004.89, while Taipei finished up 0.66 per cent, or 51.73 points, at 7,918.61.
See more here
-
Economic News
With the latest data showing a significant upward revision, the Thomson Reuters/University of Michigan's revised report on March consumer sentiment index showed an unexpected increase compared to the previous month. The report showed that the consumer sentiment index for March jumped to 78.6 from the mid-month reading of 71.8.
More...
-
Economic News: U.S. Personal Income Rebounds More Than Expected In February
After reporting a sharp drop in personal income in the previous month, the Commerce Department released a report on Friday showing that income rebounded by more than expected in February. Personal spending growth also exceeded economist estimates. The report said personal income increased by 1.1 percent in February after tumbling by 3.7 percent in January.
More...
-
Economic News: Croatia Industrial Production Declines In February
Croatia's industrial production decreased in February, after growing in the previous month, data released by the Bureau of Statistics showed Friday.
More...
-
Economic News: Eurocoin Indicator Rises For Fourth Month
An indicator that measures the current economic situation in the euro area rose for the fourth consecutive month in March, mirroring the improvement in the stock market, a survey report said Friday.
More...
-
Economic News: Japan February Industrial Output Dips 0.1%
Industrial output in Japan eased a seasonally adjusted 0.1 percent on month in February, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading = falling for the first time in three months. The headline figure was well shy of forecasts for a gain of 2.5 percent following the 0.3 percent increase in January. On a yearly basis, industrial production plummeted 11.0 percent - also missing expectations for a decline of 8.5 percent.
More...
-
Economic News: South Korea Industrial Output Dips 0.8% In February
South Korea's industrial production contracted by a seasonally adjusted 0.8 percent on month in February, Statistics Korea said on Friday - slipping into the red for the second consecutive month, although somewhat skewed to the downside by the Lunar New Year holiday. The headline figure follows the upwardly revised 1.2 percent monthly contraction in January.
More...
-
Economic News: Japan Industrial Output Falls 0.1% In February
Industrial production in Japan was down a seasonally adjusted 0.1 percent on month in February, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
More...
-
Economic News: Japan Core CPI -0.3% On Year In February
Core consumer prices in Japan were down 0.3 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday - beating forecasts for -0.4 percent after showing -0.2 percent in January.
More...
-
Economic News: Japan February Unemployment Rate 4.3%
The unemployment rate in Japan came in at a seasonally adjusted 4.3 percent in February, the Ministry of Internal Affairs and Communications said on Friday.
More...
-
Economic News: Japan Household Spending Rises 0.8% In February
The average household spending in Japan was up 0.8 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday, standing at 268,099 yen.
More...
-
South Korea February Industrial Production Falls 0.8%
South Korea's industrial production was down a seasonally adjusted 0.8 percent on month in February, Statistics Korea said on Friday.
More...
-
Chicago Business Barometer Indicates Notably Slower Growth In March
After a strong start to the year, growth in Chicago-area business activity saw a much bigger than expected slowdown in the month of March, according to a report released by the Institute for Supply Management - Chicago on Thursday. The ISM Chicago said its business barometer fell to 52.4 in March from 56.8 in February, although a reading above 50 indicates an increase in business activity.
More...
-
OECD: G7 Economies Recovering, Europe Lags
Developed economies are recovering from an economic slowdown in late 2012, but Europe is lagging behind, the Organization for Economic Co-operation and Development said on Thursday.
More...
-
Chicago Business Barometer Falls Much More Than Expected
After a strong start to the year, growth in Chicago-area business activity saw a much bigger than expected slowdown in the month of March, according to a report released by the Institute for Supply Management - Chicago on Thursday.
More...
-
U.S. GDP Grows By More Than Previously Estimated In Q4
U.S. economic activity in the final three months of 2012 increased at a faster rate than previously estimated, according to a report released by the Commerce department on Thursday. The report showed that GDP increased at an annual rate of 0.4 percent in the fourth quarter compared to the previously reported 0.1 percent increase.
More...
-
U.S. Initial Jobless Claims Rise For Second Straight Week
First-time claims for U.S. unemployment benefits increased by more than expected in the week ended March 23rd, according to a report released by the Labor Department on Thursday. The report showed that initial jobless claims rose to 357,000, an increase of 16,000 from the previous week's revised figure of 341,000.
More...
-
U.S. Q4 GDP Growth Upwardly Revised To 0.4%
U.S. economic activity in the final three months of 2012 increased at a faster rate than previously estimated, according to a report released by the Commerce department on Thursday.
More...
-
U.S. Weekly Jobless Claims Rise More Than Expected
First-time claims for U.S. unemployment benefits increased by more than expected in the week ended March 23rd, according to a report released by the Labor Department on Thursday.
More...
-
German Unemployment Rises Unexpectedly In March
Germany's unemployment increased unexpectedly in March as companies failed to create more jobs, while retail sales increased in February for the second month reflecting the ongoing positive momentum in consumer spending. The number of unemployed increased 13,000 from February to 2.94 million, the Federal Labor Agency said Thursday. It was forecast to fall by 2,000.
More...
-
U.K. House Prices Record First Annual Increase In 13 Months
House prices in the U.K. rose for the first time in a year in March, supported by strong buyer demand, but the market outlook remained uncertain, a survey by the Nationwide Building Society showed Thursday. Home prices rose 0.8 percent year-on-year in March after recording negative or zero movement in the past 12 months. Economists had forecast a 0.9 percent increase.
More...
-
British Consumer Mood Stabilizing After Climbing Out Of 2012 Trough
British consumer confidence remained unchanged for a third consecutive month in March, suggesting that the sentiment is stabilizing above the the very deep trough seen during most of 2012, a survey by GfK NOP revealed Thursday. The confidence index remained at -26 for a third straight month in March, but was five points higher than in the same month last year.
More...
-
Australia Private Sector Credit Up 0.2% In February
Total private sector credit in Australia was up 0.2 percent on month in February, the Reserve Bank of Australia said on Thursday - unchanged from the previous month but shy of forecasts for a gain of 0.3 percent.
More...
-
South Korea Has $2.71 Billion Current Account Surplus
South Korea posted an unadjusted current account surplus of $2.71 billion in February, the Bank of Korea said on Thursday - remaining in the black for the 13th consecutive month.
More...
-
Japan Retail Sales Dip 2.3% In February
Retail sales in Japan contracted 2.3 percent on year in February, the Ministry of Economy, Trade and Industry said on Thursday, standing at 10.525 trillion yen.
More...
-
South Korea Current Account Surplus $2.71 Billion In February
South Korea saw an unadjusted current account surplus of $2.71 billion in February, the Bank of Korea said on Thursday - roughly in line with forecasts following the $2.25 billion surplus in January.
More...
-
New Zealand Building Permits Rise 1.9% In February
The total number of building permits issued in February in New Zealand was up a seasonally adjusted 1.9 percent on month, Statistics New Zealand said on Thursday.
More...
-
South Korea Current Account On Tap For Thursday
South Korea will on Thursday release February figures for its current account balance, highlighting a busy day in Asia-Pacific economic activity. In January, the current account reflected a surplus of $2.25 billion.
More...
-
U.S. Pending Home Sales Dip 0.4% After Reaching Nearly Three-Year High
Pending home sales in the U.S. saw a modest decrease in the month of February, according to a report released by the National Association of Realtors on Wednesday, although pending sales remain near their highest level in almost three years. NAR said its pending home sales index edged down by 0.4 percent to 104.8 in February after jumping 3.8 percent to 105.2 in January.
More...
-
U.S. Pending Home Sales Show Modest Pullback In February
Pending home sales in the U.S. saw a modest decrease in the month of February, according to a report released by the National Association of Realtors on Wednesday, although pending sales remain near their highest level in almost three years.
More...
-
Eurozone Economic Confidence Falls For First Time In 5 Months
Even before the escalation in Cyprus debt crisis, economic confidence in the 17-nation currency bloc deteriorated in March, putting on hold the recovery that had started in November last year, survey results from the European Commission showed Wednesday. The Eurozone economic sentiment index came in at 90, down from 91.1 in the previous month and below the consensus forecast of 90.5.
More...
-
1 Attachment(s)
Weekly Forex Trading Forecast
dailyfx.com
Fundamental Forecast for US Dollar: Neutral
- Dollar closes sixth-consecutive quarterly gain – what of Q2?
- Greenback benefits as investors seek safety on Cypriot troubles
- Strong US economic data produces USD gains, US NFPs ahead
The US Dollar finished the month of March almost exactly where it began, but an impressive Q1 of 2013 suggests the Dow Jones FXCM Dollar Index (ticker: USDollar) could continue to fresh multi-year peaks as we enter the start of the second quarter on a critical week of forex market event risk.
Attachment 586
See more here
-
1 Attachment(s)
Gold’s haven appeal wanes as other assets become attractive
thehindubusinessline.com
“Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery,” the OECD said in its latest interim economic assessment. No wonder, in this atmosphere of cautiously creeping optimism the bulk of the price action across the commodities complex over the past week – truncated to four trading days – was sideways and range-bound.
Attachment 599
See more here