Аналитика


Markets recover but stresses remain


There are two things dominating the markets right now: 1, the Eurozone debt crisis and growing political risks and 2, central bank policy. The Federal Reserve starts its two day meeting today, which will conclude tomorrow with a press conference by Fed Governor Bernanke.

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Источник: Forex.com

24.04.2012


Chinese PMI data is overshadowed by PPI figures from Australia


The most anticipated release of the session was flash Chinese manufacturing PMI data, which provides the market with an insight into the private manufacturing sector in China and, in turn, the domestic economy. Yet, the biggest market moving event of the session was PPI data out of Australia which printed well below consensus estimates, resulting in the market shedding the aussie as investors priced in an increased chance of a rate cut next month.

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Источник: Forex.com

23.04.2012


G20/IMF meetings


The International Monetary Fund (IMF) and the G20 hold their spring round of meetings from the 19th – 22nd April in Washington. This is where the world’s most powerful leaders meet with the top players in the IMF. The agenda for this meeting includes the Eurozone debt crisis, the Middle East and the size of the IMF’s resources to address global financial stress.

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Источник: Forex.com

20.04.2012


GBP continues to outperform


• USD slightly firmer across the board within its recent range with the largest gains currently against the yen. The dollar index continues to trade within its narrowing daily cloud which sees resistance ahead of the 80.00 figure. Weekly jobless claims disappointed with a drop of 2k to 386k (cons. 370k) from an upwardly revised 388k in the prior week. The 4-week moving average in initial claims rose by +5.5k to 374.8k but remains in a downward trend channel. Treasury yields are lower across the curve with the 10-year yields firmly below the 2.00% level after being rejected from the 100-day SMA yesterday and U.S. equity futures are mostly flat. Data due out at 1000ET includes the April Philly Fed index, March existing home sales, and leading indicators.

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Источник: Forex.com

19.04.2012


Dollar modestly firmer as ranges persist


The dollar was modestly firmer with the dollar index finding support around the base of its daily ichimoku cloud in a relatively quiet NY session. The GBP outperformed following the release of the Bank of England’s MPC minutes which showed a shift in stance as the dovish Posen changed his vote away from more QE. EUR/GBP traded near lows that have not been seen since late Aug. 2010 as the pound gained against the euro. European equities finished in the red amid continued debt concerns and sovereign yields spreads were mixed as EU Commissioner Olli Rehn said that Spain and Italy are taking effective action.

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Источник: Forex.com

18.04.2012


Spain passes its first test of the week


Madrid must be breathing a sigh of relief- it has avoided a catastrophic failed auction for another day. It managed to sell 12 and 18-month debt with relative ease today. It sold EUR 3.18bn exceeding its target of EUR 3bn, and the bid-to-cover ratio was also much stronger relative to a previous auction last month. However, the stronger demand was driven by a sharp increase in bond yields: the average yield Spain had to pay to sell 12-month debt was 2.623% vs. 1.418% at the last sale, while the yield on 18-month debt was 3.11% vs. 1.711% last.

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Источник: Forex.com

17.04.2012


An expansion of the yuan’s trading band fails to lift sentiment


After an early sell-off, it was a fairly quiet day for traders in Asia, with the lack of market moving announcements and data releases keeping a few investors on the sidelines. Thus, the dollar and the yen were bought on the back of fears surrounding a possible Spanish default which is threatening a broader recovery in the Eurozone.

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Источник: Forex.com

16.04.2012


Addictions and Spanish banks


After yesterday’s risk rally the markets have turned around today. Maybe it is Friday 13th spooking the market, but the more probable reason is Spain and its banks. The ECB announced that Spanish banks had borrowed EUR 227.6bn in March, a huge jump from the EUR 152.4bn in February.

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Источник: Forex.com

13.04.2012


To ease or not to ease


That is the question. Price action has been driven by expectations of future central bank policy over the last 24 hours. The improvement in the peripheral bond markets was down to comments from an ECB official who said that the Bank has the systems necessary to support Europe if things take a turn for the worse. This seems to have sustained the bulls in the bond market and Spanish 10-year yields are down 20 basis points in the last 24 hours, likewise the euro has managed to stay above the crucial 1.3056 level - the bottom of the Ichimoku cloud.

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Источник: Forex.com

12.04.2012


“Recovery” time for markets although Spain is still a worry


The markets have clawed back some of yesterday’s losses – stock have opened higher in Europe even in Spain, however the sovereign debt crisis still looks precarious and we would not be surprised if this morning’s moves provided only brief respite.

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Источник: Forex.com

11.04.2012


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