Forex and Financial Online
Posts tagged Sentiments
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
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
Weekly Review and Outlook: Dollar Firmer on Weak Market Sentiments, But Markets Outlook Mixed
Nov 20th
Dollar was broadly higher last week as sentiments were generally weak. Worries on European debt crisis contagion continued even though political turmoils in Italy and Greece were cleared. Weak both auctions in Eurozone provided no support to sentiments neither and investors’ minds were also troubled as the dead line for
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
Mid-Day Report: Sentiments Improved on Reduced Chance of Greek Referendum, ECB Surprised Rate Cut
Nov 4th
Euro and dollar are both under some pressure in early US session. On the one hand, ECB’s 25bps rate cut is a surprise to the markets. On the other hand, risk appetite improves mildly as political division in Greece reduces the chance of referendum. Aussie and Canadian dollar both show
Mid-Day Report: Sentiments Weak on Greek Referendum and Global Manufacturing Data
Nov 1st
Sentiments have been weak after Greek’s referendum call re-raised concern over Eurozone debt crisis. Risk markets are further sold off today after poor manufacturing data around the world. Just released in US session, ISM manufacturing index unexpectedly dropped to 50.8 in October, versus a rise to 52.2. Price paid component
Daily Report: Sentiments Reversed Again as Expectations for EU Summit Change
Oct 20th
News from Eurozone continues to drive markets up and down. This time, sentiments were hurt by reports that France and Germany are clearly still having diverged stance on the role of ECB in solving the debt crisis. France is still pushing the proposal to have the EFSF turned into a
Mid-Day Report: Sentiments Stabilized on Talk of EFSF Extension and ECB Covered-Bond Purchase
Sep 27th
The week started with risk selling in Asian markets earlier today but sentiments then stabilized on news that EU is considering EFSF extension while ECB is considering repurchased of covered bonds. Major European indices turned positive after initial selloff while US indices open flat. More drastic movements are seen in
Mid-Day Report: Risk Sentiments Stabilized ahead of Tomorrow’s FOMC, EUR/CHF Jumps on SNB Rumor
Sep 25th
Risk aversion recedes mildly in early US session as traders are starting to lighten up positions ahead of tomorrow’s FOMC announcement. Mixed housing data from US provides no inspiration to the markets. Housing starts dropped -5% to 571k annualized rate in August. However, building permits unexpectedly rose 3.2% to 620k
Weekly Review and Outlook: Sentiments to Deteriorate Further in a Week of Central Bank Meetings
Sep 4th
While the market sentiments have stabilized in the last few weeks, the theme didn’t change. Occupying investors’ mind are the fear of global recession as well and the never-ending European debt crisis. There is increasing chance that Fed will announce some sort of QE3 problem later in the month. But
