Market Comment 19th December 20138 minutes ago
European equities are set to open significantly stronger following last nights FOMC meeting decision to begin tapering.
Bernanke once again wrong foots consensus and markets had a mad scramble to make sense of it all. Over in the US the markets initial response was to sell off as traders fear...
EUR/USD update (18th December 2013, 12:00)18 Dec 2013
The pair is presently testing and holding above the 200-hour moving average metric, since failing to make any inroads through the 1.38 level over the past week.
The FOMC statement due out at 7pm (London time) will surely now act as a catalyst for the future direction of EUR/USD. It’s not a question...
Market Comment 18th December 201318 Dec 2013
European equities are set to edge up slightly on the open.
Although some pundits will put this down to traders betting that there will be no tapering, it’s probably no more than some shorts squaring their books ahead of the FOMC. The major European indices have lost a fair amount of ground si...
Market Comment 17th December 201317 Dec 2013
Depending on whom you ask, yesterday’s short squeeze or aggressive bargain hunting certainly took markets by surprise but both bulls and bears still remain reluctant to state they’re on the victorious side.
A mixed batch of data across the globe also left traders scratching their heads as to ...
EUR/USD update (16th December 2013, 11:00)16 Dec 2013
While all eyes may well be on the Federal Open Market Committee meeting tomorrow and the next day, today brings with it a fair amount of data releases that might push the pair out of its recent tight range.
The EUR/USD has yet to break above the 1.3760 this morning with the 100-hour moving av...
Market Comment 16th December 201316 Dec 2013
This is it; Bernanke’s last FOMC meeting with him at the helm will be the dominate theme of the week.
There’s a huge amount of data to digest this week but ultimately the taper on/off scenario will be the trigger for any big moves. Whilst I’m sure there will be a farewell party for Bernanke w...
EUR/USD update (13th December 2013, 12:00)13 Dec 2013
As the US dollar gained some strength from the growing expectations of a Fed taper next week, the euro pulled back towards the 1.37 level before catching a bounce.
With EUR/USD currently trading at 1.3732, the main resistance to upside is the 1.38 level. It was tested yesterday with the 1.3830 ment...
Market Comment 13th December 201313 Dec 2013
A flat start is expected for European equities as traders continue to fret about next week.
The major indices look set to record another weekly close lower and the bulls are really starting to sweat. Even this weeks declines hasn’t been enough to induce the bargain hunters to show their heads...
EUR/USD update (12th December 2013, 17:00)12 Dec 2013
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...