Forex and Financial Online
Posts tagged Report
Daily Report: Euro Steady but Sentiments Weak on European Debt
Nov 22nd
While Euro remains steady against dollar and yen, commodity currencies are broadly lower as market sentiments are weighed down by continuous concern on European debt crisis. AUD/USD stayed below parity as Asian markets are broadly lower following the -1.13% fall in DOW. Markets are still talking about Spain’s 10 year
Mid-Day Report: Risk Off as Markets Weighed Further Down by Moody’s Warning on France Rating
Nov 21st
In addition to the concern on the failure of the US supercommittee, market sentiments are also weighed down by Moody’s warning on France’s rating outlook. Moody’s noted in its Weekly Credit Outlook report today that rising bond yields for extended period would "amplify the fiscal challenges the French government faces
Daily Report: Sentiments Weak as US Super Committee Set to Announce Failure
Nov 21st
Sentiments were a bit weak as the week started on news that the US Super committee co-chairs are set to announce the panel’s failure today, barring highly unexpected last minute development. The bipartisan supercommittee of 12 members of Democrats and Republicans, are formed to lay out a plan to compromise
Mid-Day Report: Risk Recover on ECB/IMF Talk
Nov 18th
Risk sentiments recovered today on talk that ECB and IMF officials are discussing the idea of ECB going through IMF to bailout Eurozone countries. In the case, IMF would have enough firepower to bailout even the biggest Eurozone country. Also, ECB should have stepped in to buy Spanish and Italian
Mid-Day Report: Euro Recovered after ECB Bought Italian Bonds, But Momentum Weak
Nov 17th
Euro recovered mildly earlier today after ECB stepped in to buy Italian bonds but lacked follow through buying so far. 10 year Italian yield dipped briefly to 6.83% but quickly climbed back above the unsustainable 7%. Italian prime minister designate Monti unveiled his cabinet today and named himself as the
Mid-Day Report: Italian Yield Drives Risk Aversion Again, But Impact Limited So far
Nov 15th
Markets tried to push risk assets lower earlier today as Italian yield breached 7% again on poor Spain and Belgium bill auctions. Spread between German bunds and 10 year bonds of Spain, Belgium, Austria and even France rose to euro era record. Spain managed to sell EUR 3.16b of 12-
Mid-Day Report: Euro Weakens after Bond Auction
Nov 14th
Euro weakens mildly today even though Italian bond auctions went fairly well. Bank of Italy said EUR 3b of five-year bonds were sold, with average yield at 6.29%, up from 5.32% in October. While the yield was significantly higher and was at an euro era record, demand was solid. Bid-to
Daily Report: the strong dollar on risk aversion Italian auction BoE Watched
Nov 12th
Rising bond yields Italian sparked a new wave of risk aversion, which has done much today. Asian stocks fall well below the Nikkei up 2.9% in patients after -389 or -3.2% Dow. Dollar index broke 77.67 resistance again, the recent recovery and reached 74.72
Daily Report: Markets Steady ahead of Italian Senate Vote
Nov 12th
Markets are generally steady today as Italian Senate’s vote on austerity measures is awaited today while the approval by lower house is expected on Saturday. Current prime minister Silvio Berlusconi is expected to promised to resign after the austerity packages are passed by both houses. And at the moment, former
Mid-Day Report: Sentiments Get on Greece and Italy, the political bill auction
Nov 11th
May not return to the feelings of today, that the political situation in Greece and Italy has shown progress. Former Vice President Lucas Papademos, the ECB was finally appointed as the new Greek prime minister, the coalition government of Socialists and Conservatives head. The government should work until the election in February. It
