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The EUR/JPY closed the week on a positive note as traders moved away from the safety f the yen as sentiment shifted back to the positive side. This weekend’s ECB stress test is keeping euro traders alert. The pair is trading at 137.01. Data that showed strong manufacturing growth for the eurozone in October continued to support the euro Friday, even as reports circulated that 25 European banks had failed European Central Bank stress tests. The official results of the tests are due Sunday. Despit…
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Market Drivers February 27, 2014
| [table][tr][td]Russia-Ukraine tensions escalate causing flows in CHFAustralian Caoex well below expectationsNikkei -.32% Europe -.66%Oil $102/bblGold $1326/oz. |
North America:
USD Durable Goods 8:30 AM
USD Weekly Jobless Claims 8:30 AM
USD Ye…
Market Drivers February 26, 2014
[table][tr][td][/t…
Market Drivers February 25, 2014
North America:
CAD Corporate Profits 8:30 AM
USD CB Consumer Confidence 10:00 AM
Its been an extremely quiet night of trade in the currency market with majors hugging very tight ranges and eco calendar essentially barren of any meaningful data. The EUR/USD has been trapped on either side of the 1.3750 barrier as the 1.3770 level continues to cap all rallies while 1.3700 remains support.
In overnight news the German GDP came in at 0.4% as expected but Italian Retail Sales missed printing at -0.3%…
CAD Corporate Profits 8:30 AM
USD CB Consumer Confidence 10:00 AM
Its been an extremely quiet night of trade in the currency market with majors hugging very tight ranges and eco calendar essentially barren of any meaningful data. The EUR/USD has been trapped on either side of the 1.3750 barrier as the 1.3770 level continues to cap all rallies while 1.3700 remains support.
In overnight news the German GDP came in at 0.4% as expected but Italian Retail Sales missed printing at -0.3%…
Market Drivers February 22, 2014
Draghi says that March ECB may be keyGE IFO best since 2011 at 111.3 vs. 110.6 priorNikkei -0.19% Europe 0.10%Oil $102/bblGold $1329/oz.
Europe and Asia:NZD Credit card sales 9.2%% vs. 4.7%EUR GE IFO 111.3 vs 110.7
North America:USD Flash Services PMI 9:00 AM
Better than expected German IFO figures popped the EUR/USD to test the monthly highs in early morning European dealing, but the pair stalled at the 1.3770 level as concerns over EZ deflation outweighed the surprisingly robust results fro…
Europe and Asia:NZD Credit card sales 9.2%% vs. 4.7%EUR GE IFO 111.3 vs 110.7
North America:USD Flash Services PMI 9:00 AM
Better than expected German IFO figures popped the EUR/USD to test the monthly highs in early morning European dealing, but the pair stalled at the 1.3770 level as concerns over EZ deflation outweighed the surprisingly robust results fro…
Market Drivers February 14, 2014
European GDP prints better taking euro through 1.3700
Nikkei off -1.53% dragging USD/JPY to another test of 101.50
Nikkei -1.53% Europe 0.00%
Oil $99/bbl
Gold $1308/oz.
Europe and Asia:
CNY CPI 2.5% vs. 2.4%
EUR FR GDP 0.3% vs. 0.2%
EUR GE GDP 0.4% vs. 0.3%
North America:
USD Import Prices 8:30 AM
CAD Manufacturing Sales 8:30 AM
USD IP 9:15 AM
USD U of M 9:55 AM
The dollar was markedly weaker across the board on the last trading day of the week as the drop in the Nikkei sent USD/JPY tumbling to …
Nikkei off -1.53% dragging USD/JPY to another test of 101.50
Nikkei -1.53% Europe 0.00%
Oil $99/bbl
Gold $1308/oz.
Europe and Asia:
CNY CPI 2.5% vs. 2.4%
EUR FR GDP 0.3% vs. 0.2%
EUR GE GDP 0.4% vs. 0.3%
North America:
USD Import Prices 8:30 AM
CAD Manufacturing Sales 8:30 AM
USD IP 9:15 AM
USD U of M 9:55 AM
The dollar was markedly weaker across the board on the last trading day of the week as the drop in the Nikkei sent USD/JPY tumbling to …