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: 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...
