Аналитика
Growth Worries Pressure Greenback
* The dollar dropped on Thursday ahead of Friday’s release of US June employment data and a long 4th of July weekend. Some signs show the global economic recovery may be in jeopardy. The Chinese and US purchasing managers indexes fell more than expected. Rising US initial jobless claims, plunging pending home sales and weak auto sales also worried investors.
Источник: Hans Nilsson
01.07.2010
Will USD/JPY Support Hold?
* The dollar traded mostly higher on Wednesday after Moody’s Investors Service Inc. said it may downgrade Spain’s Aaa credit rating. US economic data were mixed. ADP estimated US nonfarm private employment increased 13K in June, well below the consensus expected 60K, while the Chicago PMI showed US business activity expanded for nine straight months.
Источник: Hans Nilsson
30.06.2010
Dollar and Yen Rise on Renewed Recession Worries
* The dollar and yen surged on worries about the global economic recovery. The Conference Board Chinese leading economic index unexpectedly fell; Japanese unemployment rose; and US consumer confidence dropped for the first time in four months. The S&P 500 plunged 33.33 to 1041.24. Treasury two-year note yields fell to a record low; 10-year yields declined below 3%; and commodity prices plummeted.
Источник: Hans Nilsson
29.06.2010
USD/CAD Develops Inverted H&S?
* The dollar was up modestly against its rivals on Wednesday. US economic figures were mixed with weakerthan- expected housing, stronger-than-anticipated industrial production and tame producer-price inflation. The S&P 500 declined 0.62 to 1,114.61. The euro pared overnight losses and hovered around the 1.23 handle. The European Central Bank said the European Bank stress will be published starting with Spain. The yen was down slightly. Japan’s tertiary industry activity index rose less than expected. Unable to penetrate the 1.48 resistance, the pound fell.
Источник: Hans Nilsson
16.06.2010
Dollar Correction Supports Risky Assets
* The dollar fell against its counterparts on Tuesday. Modest US inflation and slowing economic growth indicate interest rates should stay low for the foreseeable future. US import prices declined for the first time in three months; US homebuilder confidence fell after the government tax credit ended; and New York manufacturing expanded for an 11th straight month. The WSJ reported Federal Reserve officials are beginning to debate what steps they might take if the recovery surprisingly falters or the inflation rate falls much more.
Источник: Hans Nilsson
15.06.2010
Will EUR/USD Recovery Continue?
* The dollar fell against most major currencies on Monday. Global recovery optimism rose after data showed eurozone April industrial production posted the largest year-on-year gain since records started in 1991. The yen reversed overnight losses. The S&P 500 reversed earlier gains and fell 1.97 to 1,089.63 after Moody’s Investors Service said it downgraded Greece’s government bond ratings by four levels to Ba1 from A3. Sterling rose ahead of Tuesday’s UK inflation report on a reduced estimate for UK government borrowing.
Источник: Hans Nilsson
14.06.2010
Dollar Consolidates Gains
* Despite its rise for the first day in four on Friday, the dollar fell versus its counterparts except the yen for the week. An unexpected decline in US retail sales raised doubts about the US economic outlook. On the positive side, US consumer sentiment rose to the highest level since January 2008. US stocks overcame earlier weakness and ended another volatile trading week, up 4.76 for the day and 26.72 for the week to 1,091.60. The yen fell for a second day.
Источник: Hans Nilsson
11.06.2010
Will EUR/USD’s Newfound Strength Last?
* The dollar traded lower for a third consecutive day on Thursday as global recovery optimism returned on better-than-expected Asian economic data. Chinese May exports rose the most in 6 years; Japanese Q1 2010 GDP growth was revised higher; and Australian employment grew more than expected. The dollar index’ decline for a third straight day supported the S&P 500 index, which surged 31.15 to 1,086.84.
Источник: Hans Nilsson
10.06.2010
Stocks Recover from Low as Dollar Pares Gains
* The dollar pared earlier gains in late-Tuesday New York trading. The dollar Libor-OIS spread, a measure of banks’ reluctance to lend, quadrupled since early-May and widened to the highest level since July. Global economic data were generally strong. US consumer confidence climbed to the highest level in two years; UK Q1 2010 GDP growth was revised upward to 0.3% q/q; and eurozone industrial new orders posted the largest month-on-month gain since June 2007.
Источник: Hans Nilsson
25.05.2010
Dollar Gains as Credit Spreads Widen
* The dollar rose against most major currencies on Monday as demand for dollar liquidity increased. The 3- month Libor closed above 0.5% for the first time since July 2009 and credit spreads widened. US existinghome sales climbed more than anticipated in April with buyers motivated by an expiring government tax credit. Rising housing inventories increased concern over the sustainability of the housing recovery. The S&P 500 fell 14.04 to 1,073.65.
Источник: Hans Nilsson
24.05.2010
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