Forex - Euro pushes higher vs. dollar

The euro edged higher against the dollar on Thursday as investors locked in gains following the dollar’s gains in the previous session on the back of strong U.S. housing data. EUR/USD hit 1.3220 during late Asian trade, the session high; the pair subsequently consolidated...

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Most Asian stocks lower; Nikkei down 0.56%

Most Asian stocks traded lower Thursday as some strong U.S. housing data once again had traders mulling a potentially quick end to quantitative easing by the Federal Reserve.  In Asian trading Thursday, Japan’s Nikkei 225 fell 0.56%. Asian stocks sagged as investors also...

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US new home sales 497K – above expectations – dollar higher

The annualized number of new home sales in the US in June rose to 497K. It was expected to tick up to 482K from 459K. The figure for May was revised to the downside, from 476K. While also June’s figure could be revised to the downside, the initial number is very strong and...

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Equity markets were driven by consolidative forces, S&P slid 0.19% after a huge miss of the Richmond Fed Manufacturing Index.

Price action in equity markets yesterday was largely characterized as consolidative, with the S&P giving back 0.19% as a weaker than expected Richmond Fed Manufacturing Survey kept markets from charging higher.  Currency markets saw USD longs continue to unwind,...

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Forex Trading Signal for 25th July 2013

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Forex Trading Signal for 24th July 2013

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Forex Trading Signal for 23th July 2013

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U.S stocks fall on earnings, data and Fed outlook; Dow down 0.26%

U.S. stocks closed largely lower on Wednesday after improving home sales in the U.S. renewed expectations that the Federal Reserve remains on course to winding down stimulus measures this year. Stimulus programs such as low interest rates and the Fed's monthly purchases of...

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Forex - Dollar gains as new home sales numbers surprise on upside

The dollar rose against most major currencies on Wednesday after new home sales in the U.S. hit a five-year high in June, dampening expectations for the Federal Reserve to keep stimulus programs for a long period of time. Stimulus programs such as the Fed's USD85 billion monthly...

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Forex - Euro hits five-week highs vs. dollar

The euro rose to five-week highs against the dollar on Wednesday after data showed that the euro zone composite output purchasing managers’ index rose to its highest level in 18 months in July. EUR/USD hit 1.3254 during European afternoon trade, the pair’s highest since...

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European stocks push higher after positive data; Dax jumps 1.13%

European stocks pushed higher on Wednesday, after the release of positive economic reports out of the euro zone, although disappointing Chinese manufacturing data fuelled fresh concerns over the outlook for growth in the world's second largest economy.  During European...

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U.S. futures higher ahead of data; Dow Jones up 0.19%

U.S. stock futures pointed to a higher open on Wednesday, as investors eyed the release of U.S. data and a string of fresh earnings reports later in the day, amid sustained uncertainty over the future of the Federal Reserve's stimulus program.  Ahead of the open, the Dow...

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Dollar higher vs. yen, PMI data supports euro

The dollar was higher against the yen on Wednesday after weak Chinese manufacturing data for July, while the euro was trading close to six-week highs following encouraging euro zone data. During European late morning trade, the dollar rose to session highs against the yen,...

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