- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
Market News Headlines
Forex Market News
British Pound Gives Back, Euro Advances on Hopes for Greece Bailout
The British Pound failed to hold ground during the overnight trade and weakened against the greenback for the fifth day to reach a low of 1.5566, and the currency is likely to face increased volatility over the next 24 hours of trading as the Bank of England is scheduled to release its quarterly inflation report tomorrow at 13:30 GMT.
... read moreDaily Briefings
Euro Higher on Greek Bailout Hopes but Markets Skeptical on Spain, Portugal
The Euro pushed higher against the US Dollar amid renewed hopes that a bail-out of Greece will be announced shortly, but rising costs of protection against default in Spain and Portugal reveal skepticism about a resolution of the larger southern European debt problem.
... read moreCommodities
Oil Supported by a Sharp Rebound in Risk Appetite on Speculation of a Greek Bailout
A clear sign that risk appetite is still the dominant fundamental driver for crude traders, oil futures trading on the NYMEX exchange rallied mid-day in the New York trading session along with many other risk-sensitive securities on heightened speculation that Greece would be bailout by either the EU or Germany.
... read more
Trading the News
Retail spending in the U.S. is expected to improve in January, with economists forecasting a 0.3% rise following the unexpected contraction during the holiday season, and the data is likely to encourage an improved outlook for the world’s largest economy as it emerges from the worst recession since the Great Depression.
... read more5 Key Events for the
Forex Market This Week
This week’s calendar may seem tame compared to last week’s but there are still some significant releases that can have an impact on price action, especially since we will have to wait until mid-week for the first major event risk. The U.K. inflation report should garner significant interest with rates near the central bank’s threshold. Consumption figures in the world’s largest economy and EZ GDP are also potential market movers that could have broader implications.
... read moreLatest Market Strategy Columns
Pound bulls were out for the first time in a week as Greek bailout rumors spark broad based risk appetite. The GBP/USD is working on its first positive day since February 2nd which was just ahead of the BoE’s rate decision. Risk trends have started to dominate price direction as policy makers remain on hold as existing downside risks to growth has made it formidable to begin tightening despite inflation well above their 2.0% target at 2.9%. Equity movements are explaining 48% of the pair’s volatility which is near its highest levels set back in late June, 2008. Now that it has become clear that most central banks will most likely remain on hold until the latter part of 2010, markets have regressed back to the prior trend of a pure risk on risk off trade.
... read moreMore Strategy
| Day | Week | Month | ||||||
| NZD/JPY | +144 | +2.31% | AUD/JPY | +144 | +1.82% | GBP/JPY | -310 | -2.20% |
| AUD/JPY | +162 | +2.06% | NZD/JPY | +103 | +1.65% | GBP/CAD | -351 | -2.10% |
| NZD/USD | +129 | +1.85% | EUR/JPY | +179 | +1.45% | GBP/USD | -259 | -1.65% |
| AUD/USD | +140 | +1.59% | CHF/JPY | +116 | +1.37% | GBP/CHF | -222 | -1.33% |
| EUR/JPY | +192 | +1.55% | AUD/USD | +111 | +1.26% | NZD/JPY | -74 | -1.18% |
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Today at 03:04
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Today at 02:53
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Today at 02:40
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Today at 02:40
| BoE Quarterly Inflation Report | ||||
| ... | ||||
| Daily Economic Calendar | ||||
|---|---|---|---|---|
| Time | Event | Actual | Forecast | |
| Feb 0923:50 |  |
JPY Domestic Corporate Goods Price Index (YoY) (JAN) | -2.1% | -2.3% |
| Feb 1000:00 |  |
GBP NIESR Gross Domestic Product Estimate (JAN) | ||
| Feb 1010:30 | |
GBP Bank of England Quarterly Inflation Report | ||
| Global Market Data |
|---|
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| Central Bank Rates | ||||||
|---|---|---|---|---|---|---|
| Currency | Rates | Currency | Rates | |||
 |
NZD | 2.50% |  |
AUD | 3.75% | |
|
GBP | 0.50% |  |
USD | 0.25% | |
 |
CAD | 0.25% |  |
EUR | 1.00% | |
 |
CHF | 0.25% | |
JPY | 0.10% | |
