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emerging markets
RBNZ Leaves Interest Rates Steady with Positive Outlook; FTSE Focused on Test of 5600
The Reserve Bank of New Zealand (RBNZ) conducted its monetary policy meeting overnight and left its base rates steady at 2.5 percent but the accompanying statement did surprise markets to ...
July 25, 2014
BY
Richard Cox
Asian Market Lower Despite BoJ Pledge to Inject Stimulus; EUR/JPY Seen Targeting 97.50
Equity markets in Asia are lower on the day breaking two consecutive days of gains as the main ...
July 25, 2014
BY
Richard Cox
Consumer Price Inflation in Europe Seen Moderating; DAX Targets 6930 Test
Consumer price inflation (CPI) in Europe dropped during the month of April, as the latest release showed that ...
July 25, 2014
BY
Richard Cox
RBA Surprises Markets and Cuts Interest Rates to 3.75 Percent; AUD/USD Targets 1.0240
The Reserve Bank of Australia (RBA) reduced is base interest by 50 basis points to the lowest level ...
July 25, 2014
BY
Richard Cox
Markets Higher on Positive Manufacturing Data from US and China; S&P 500 Headed for 1420 Test
Equity markets in Europe and Asia are pushing higher, encouraged in large part by the latest upside surprise ...
July 25, 2014
BY
Richard Cox
Negative Sentiment Driven by Surge in New Zealand Unemployment Rate; DAX Seen Dropping into Low 6500s
Equity markets in Asia were lower overnight, along with a drop in both Gold and the New Zealand ...
July 25, 2014
BY
Richard Cox
Markets Await European Election Results and US NFPs; S&P 500 Headed for 1375 Test
Equity markets in Europe were lower as traders pare back positions ahead of the next regional event risk. ...
July 25, 2014
BY
Richard Cox
Latest Elections Install Anti-Austerity Candidates in Both France and Greece; EUR/USD Falls Through 1.30
Equity markets in Europe gapped lower to start the week after weekend headlines centered on the election outcomes ...
July 25, 2014
BY
Richard Cox
Political Gridlock in Greece Brings Sellers to European Equity Markets; USD/JPY Headed for 79.05 Test
Equity markets in Europe are trading back to the downside after yesterday's late session rally on negative sentiment ...
July 25, 2014
BY
Richard Cox
UK Retail Sales Disappointment Places Focus on Next BoE Meeting; FTSE Headed for 5495 Support
Retail Sales data out of the UK created some volatility in forex and equity markets today, as the ...
July 25, 2014
BY
Richard Cox
Australian Employment Data Helps Lift Sentiment; Nikkei 225 to Find Support at 8910
Australian-denominated assets were higher overnight on the stronger than expected employment figures released during the session. Markets were ...
July 25, 2014
BY
Richard Cox
Corporate Earnings and Greek Uncertainty Put Pressure on European Equities; DAX Hovers Near 6350 Support
Equity markets in Europe are once again seeing downside pressure as corporate earnings disappoint, uncertainty relative to the ...
July 25, 2014
BY
Richard Cox
Chinese Cut in Reserve Ratio Requirements Fails to Inspire Markets; GBP/USD Seen Grinding through 1.6050
One of the bigger headlines over the weekend was the decision in China to reduce the Reserve Ratio ...
July 25, 2014
BY
Richard Cox
German GDP Data Pulls European Stocks off Their Weekly Lows; NZD/USD Seen Breaking Major Fibonacci Support
Stock markets in Europe were higher to start the day after trading at their lowest point in four ...
July 25, 2014
BY
Richard Cox
Risk Sentiment Lower as Greek Bank Withdrawals Hit Extreme Levels; EUR/USD Targets 1.2580
Risk sentiment was broadly lower overnight after a story in the Wall Street Journal showed that withdrawals from ...
July 25, 2014
BY
Richard Cox
Greek Bank Recapitalization to be Main Driver of Volatility; Major FTSE 100 Support Seen at 5250
Equity markets and high yielding currencies remained under pressure overnight despite the fact that no new negative headlines ...
July 25, 2014
BY
Richard Cox
Greece Still Making Headlines as Fitch Downgrades Long Term Credit; Gold Bounces off of 1525
Risk sentiment was seen heading lower overnight as news headlines and macro economic data releases continue to support ...
July 25, 2014
BY
Richard Cox
Markets Sideways as Unfavorable Risk to Reward Levels Dominate; Support in the S&P 500 Seen at 1280
Equities and forex markets are trading with a sideways slant as markets get started on Monday as investors ...
July 25, 2014
BY
Richard Cox
Best Buy Earnings Report Helps Keep S&P 500 Supported; Resistance in Nikkei 225 Now Seen at 8985
Equity futures in the US are pushing higher, following gains made in both Europe and Asia. The gains ...
July 25, 2014
BY
Richard Cox
Markets Assess the Possibility of a Greek Exit from the EMU; S&P 500 Looking to Retest 1280
This month's selling pressure in the Euro reared its head once again after news headlines cited various sources ...
July 25, 2014
BY
Richard Cox
Negative Q1 GDP Growth in UK Weighs on GBP; FTSE 100 Hovers above 5220 Support
High yielding currencies were lower during the last few sessions, propelled in part by disappointing growth figures out ...
July 25, 2014
BY
Richard Cox
Markets Higher as Germany Considers Accepting Euro Bond Issuance; GBP/USD Focused on 1.5630
Equity markets in the US are treading water after the strong performance seen in the S&P 500 earlier ...
July 25, 2014
BY
Richard Cox
Markets Encouraged as New Democracy Party Takes Lead in Polls; Silver Hits 28.90 Resistance
Unsurprisingly, equity markets are seeing a slow start to the week as holiday thinned trading volumes are keeping ...
July 25, 2014
BY
Richard Cox
Chinese Removal of Stimulus Programs Weighs on Aussie; S&P 500 Trades Back into 1340 Resistance
The Euro gave back some of its earlier gains after news circulated which showed that previous plans for ...
July 25, 2014
BY
Richard Cox
Markets Lower on Continued Greek EU Exit Speculation; DAX Seen Grinding through 6350
Equity markets in the US are continuing to post declines and the latest moves have now made May ...
July 25, 2014
BY
Richard Cox
Slowing US GDP Causes S&P to Fall to Lowest Levels Since Last September; USD/CAD Seen Targeting 1.05
The latest run of economic data out of the US came in largely disappointing market estimates and as ...
July 25, 2014
BY
Richard Cox
Weakness in Global Macro Data Pushes US Equity Markets into Negative Territory for 2012; USD/CHF Targets 0.9910
Disappointing employment data out of the US brought major selling pressure to equity markets and the Dow Jones ...
July 25, 2014
BY
Richard Cox
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