Currencies, Oil, Gold: Global Macro Forecast
If 2008 seemed like the last gasp of life across financial markets, then 2009 was a collective sigh of relief. As central banks dropped interest rates to record lows and governments frantically doled out some $2 trillion dollars in stimulus, the sheer panic that seized investors after the collapse of investment banking giant Lehman Brothers [...]
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Tuesday, 1 Dec 2009 11:15 EST by David Song
Stocks in Asia/Pacific Extends Advance on Growth Optimism, BoJ Embarks on Quantitative Easing
Asia Session Key Developments
Bank of Japan Holds Borrowing Cost at Record-Low
BoJ Holds Emergency Policy Meeting, Pledges JPY 10T in New Lending
Australia Raises Benchmark Interest Rate for Third Consecutive Month
The Asian equities markets surged on Tuesday for a second consecutive day as the Bank of Japan held an emergency policy meeting, which spurred [...]
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Tuesday, 1 Dec 2009 10:27 EST by John Rivera
Trendline Resistance Continues To Limlit Dow Upside Potential
The Dow’s has regained its footing after but trendline resistance still looms as a barrier making a move above 10,500 formidable. We could see a retrace back toward support before an ultimate test of resistance at 10,581-61.8% Fibo of 13,136-6,469.
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Tuesday, 1 Dec 2009 6:37 EST by Ilya Spivak
Gold Surges to $1200, Oil Extends Rebound
Commodities – Energy
Oil Extends Rebound, US Housing and Inventories Data Key Ahead
Crude Oil (WTI) $77.99 +$0.71 +0.92%
Oil broke above near-term resistance at the top of a minor falling channel and the door is now open to challenge the upper boundary of [...]
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Monday, 30 Nov 2009 6:25 EST by CFDTrading Analyst
US Markets Close Higher Following Ease of Concern in Dubai
US equities ended the session near the highs of the Dow to help stocks close stronger on the month. The Dow rose 6.51% in November while the S&P500 edged up 5.74% along with a nearly five percent rise in the NASDAQ composite. The major focus of trading today included investors remaining rattled over risks with Dubai World’s debt delay plan. While this may have affected sentiment, US financials are less exposed than European counterparts and did not suffer declines similar to European bourses. Risk appetite appears to be returning back to the marketplace as dollar weakness resumed while commodity prices saw further escalation.
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Monday, 30 Nov 2009 4:55 EST by CFDTrading Analyst
European Markets Fall on Dubai Risk despite Improving Domestic Fundamentals
European markets slumped more than one percent as traders sold most stocks in favor of profit taking as November came to a close. Overall the month proved favorable for most markets as the British FTSE climbed 4% while French and German markets marked gains as well. The Italian index ended the month lower as concern in the financial sector led the heavily-weighted index into the red. Session trading today included news of European bank exposure to Dubai World’s possible default on upcoming debt, while improving indicators and commodity prices failed to lift sentiment.
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