EUR/USD update (12th December 2013, 17:00)8 minutes ago
The euro is trading at $1.3762, down 0.18% after some mixed data from the US.
In the US weekly jobless claims jumped by 68,000, a figure much worse than expected; on the other hand retail sales edged higher by 0.1% on the month, indicating an increase in consumerism. Overall this boosted the US dol...
Market Comment 12th December 201312 Dec 2013
European equities are set to open significantly lower as concerns over the taper get stronger.
Markets have looked quite precarious after the recent rally for quite some time now and what looked like a bit of lose powder at the summit looks like it could be snowballing in to a full blown aval...
EUR/USD update (11th December 2013, 12:00)11 Dec 2013
The bullish momentum in EUR/USD is still favouring additional euro gains.
Resistance may come in at the 1.3630 level, which is the 50% retracement from the May 2011 highs to the July 2012 lows, and may provide an initial target. A move through this metric puts the 1.40 level in sight. The 1.36/1.36...
Market Comment 11th December 201311 Dec 2013
European equities are set to start flat as the caution gripping markets intensifies.
Speculation and rumour about the Fed tapering next week seem to be building so bulls are taking the opportunity to move into cash. Despite the goldilocks jobs and unemployment data last week and all the talk ...
EUR/USD update (10th December 2013, 09:00)10 Dec 2013
There is still no reaction to last week’s very strong US unemployment figures.
The positive economic data does not look to have been enough of a catalyst to turn the trend in EUR/USD. The Federal Reserve has stated that the US unemployment rate is one of the barometers it will be using to determine...
Market Comment 10th December 201310 Dec 2013
European equities are set to open flat as traders twiddle their thumbs until next week.
As the end of the year draws closer there’s little urgency for anyone to do anything at the moment. Bulls that have notched up sizeable gains will be hoping to hang onto their gains and see out 2013 on a h...
AUD/USD update (9th December 2013, 15:00)35 minutes ago
The Australian dollar is off versus the US dollar after the Australian employment report.
The AUD/USD pair is trading at $0.9083, down 0.2% after the ANZ job advertisement report dropped by 0.8% in November. The report is a measure of job advertisements in major daily newspapers and websites, which...
EUR/USD update (9th December 2013, 13:00)39 minutes ago
The euro is extending its rally versus the US dollar after a better-than-expected jobs report from the US on Friday.
The EUR/USD pair is trading at $1.3722, up 0.1% as traders appear to no longer be fearful of tapering from the US Federal Reserve. As pointed out by Stan Shamu, the strong jobs data ...
Market Comment 9th December 20139 Dec 2013
European equities are set to start firm as the euphoria over the goldilocks non farm figure and some decent export data from China over the weekend props up the bulls. However, despite Fridays ‘just right’ number, the major indices still registered a loss for the first week of December and traders ...