EU Morning Report – Durable goods disappoint, QE2 on the way?

Here are the latest Financial News: Durable goods disappoint, QE2 on the way? The U.S. Dollar traded weaker yesterday as US data missed expectations once again. Stock markets fell but support was found and a sharp rally was seen in the US close. July New Home Sales dropped -12.4% to 0.276m vs. 0.33m... Read the article »

EU Morning Report – Markets consolidate with jobless claims in the spot light!

Here are the latest Financial News: Markets consolidate with jobless claims in the spot light! The Dollar was mixed once again ending slightly stronger against risk currencies as US equities failed to hold onto intraday gains. Weekly Crude Oil Inventories fell -0.8m vs. -3m previously. The DJIA closed... Read the article »

EU Morning Report – Renewed fears hit Eurozone economies!

Here are the latest Financial News: The Dollar traded weaker overnight giving up most of yesterday’s gains as Asian equities rebounded. However with US stocks remaining under pressure and Euro Zone peripheral risks resurfacing the Dollar may resume its strength across the board as safe haven appetite... Read the article »

EU Morning Report – Markets brace themselves for the upcoming NFP!

Here are the latest Financial News: Markets brace themselves for the upcoming NFP! The Dollar traded in a quieter than usual day. Trading the USD was slightly weaker after the Euro rallied and the USD/JPY failed to hold above Y86. Weekly Jobless Claims were are 479k vs. 455k forecast and helped the... Read the article »

EU Morning Report – USD Under Pressure, Euro Tests 1.3100

Here are the latest Financial News: EU Morning Report – USD Under Pressure, Euro Tests 1.3100 The Euro (EUR) was strong in Europe pushing to month highs above 1.3100. The German Unemployment Rate fell to 7.6% in July with a drop of 20k unemployed. The market stalled above 1.3100 and when stocks... Read the article »

EU Morning Report – Dollar weakness across the board as risk appetite soars!

Here are the latest Financial News: EU Morning Report – Dollar weakness across the board as risk appetite soars! The Dollar was sold across the board as demand for the safe haven eased and the market bought stocks and commodities aggressively. Company Earnings were strong but economic data was... Read the article »

EU Morning Report- ECB and BoE leave interest rates unchanged!

Here are the latest Financial News: ECB and BoE leave interest rates unchanged! The dollar weakened yesterday as risk appetite kicked-in following ECB President Trichet’s press conference. The ECB monetary stance had not altered however Trichet’s upbeat attitude permeated confidence across... Read the article »

EU Morning Report – US Non Farm Payrolls expected at -110K!

Here are the latest Financial News: US Non Farm Payrolls expected at -110K! The dollar weakened across the board yesterday as global growth concerns were in the limelight ahead of today’s NFP report. Manufacturing ISM disappointed by dropping to 56.2 pending home sales fell by 30%, construction... Read the article »

EU Morning Report – G20 Agrees to disagree on fiscal consolidation!

Here are the latest Financial News: G20 Agrees to disagree on fiscal consolidation! Markets traded cautiously on Friday and the USD softer on Friday as Q1 GDP was revised to 2.7% from earlier 3.0% estimates. Markets on Friday were sidelined as trader’s squared positions ahead of the weekend G20... Read the article »

Daily Outlook – China Revaluation Talks Buoying markets

Here are the latest Financial News: CURRENCY TRADING SUMMARY – 21st June (00:30 GMT) U.S. Dollar Trading (USD) ended the week little loved with most pairs remaining at week highs against the greenback. With little data out, the markets turned to US Equities which finished at month highs. Risk appetite... Read the article »