We continue to trade sideways for the most part despite the market's best efforts to find a definitive direction with the EURUSD waiting for the likes of Merkozy to provide something tangible so that it can make its move (in either direction).
The UK consumer is starting the new year with petrol prices marching toward record highs, public austerity, and now a massive train fare increase. Shield your eyes ahead of the onrushing data.
This current market can be likened to the beginning of a horse race. Once the steeds are out of the starting gates jockeys jostle for position on the track before they hit the first bend. This is precisely what we’re seeing at the moment.
The ebullient market action of recent days has us asking whether we may have we gotten the timing wrong for our Perfect Storm scenario - or whether something at fault with the scenario itself.
Improving PMI data from across the Asian region help spur greater risk appetite Tuesday as most traders returned from the extended New Year holidays. The EUR climbed slowly towards the 1.30 handle versus the dollar.
The Saxo Bank Fundamental FX Portfolio returned 1.55, 1.55, and 1.56 percent in the three reference portfolios in December, respectively, driven by the EURNZD, EURUSD, and EURGBP pairs.
S&P 500 Index futures are currently up 0.2 percent indicating a slightly higher open as New Year draws near. Overall most asset classes are quiet with only some action in gold spot. Instead we focus on some important indicators to watch in 2012.
Currency markets are still in a lull despite some centres returning from an extended Christmas break. Japanese data was disappointing with a weak manufacturing economy and steep price falls - same old story!
Increased market volatility and movements which have lost all respect for economic fundamentals, correlations etc. will probably get even more intense and concentrated in the new year as it becomes harder to make anything resembling a return.
The EUR and the Eurozone will remain at the forefront of market psyche going into 2012 but I will further outline my expectations in the coming weeks. For now, however, in a light hearted note it can be said that 2011 has been a year of….
Today is this year's last real trading day. It will be devoid of any real movement. US equities will likely maintain their current strength but shouldn’t overextend too much and neither will the major pairs as position squaring will be the priority.
Frederico Azevedo went to Florida searching a 2nd home. He departed with 3, paying $three hundred,000 and $five hundred,000 because condos in two Miami towers, and $1 million for a unit at the best International resort in nearby Sunny Isles.
The massive layoffs that followed the financial thing were both a plunge into and a symptom of the eminent Recession, crippling consumer spending further spreading pessimism. By October 2009, during a week when the U.S. economy disoriented 190,000 jobs, the unemployment rate hit 10.2%. Job opening began to revive belated last year, but in May, the government said the U.S
