Dollar mixed vs. rivals after weak UoM report

The dollar was mixed against the other major currencies on Friday, after the release of weak U.S. consumer sentiment data and as concerns over tensions in Ukraine and the outlook for growth in China persisted.

Dollar mixed against counterparts after U.S. data

The dollar was lower against the euro, with EUR/USD up 0.31% to 1.3911.

In a preliminary report, the University of Michigan said its consumer sentiment index fell to 79.9 this month, from a reading of 81.6 in February, confounding expectations for a rise to 82.0.

The report came after official data showed that U.S. producer price inflation fell 0.1% in February, confounding expectations for a 0.2% rise, after a 0.2% increase the previous month.

Core producer price inflation, which excludes food, energy and trade, slipped 0.2% last month, compared to expectations for a 0.1% rise, after a 0.2% gain in January.

Meanwhile, investors remained cautious after Russia launched new military exercises near its border with Ukraine on Thursday, showing no sign of backing down on plans to annex Crimea.

U.S. Secretary of State John Kerry said serious steps would be imposed by the U.S. and Europe if the referendum on Crimea joining Russia takes place on Sunday as planned.

Kerry was set to meet with his Russian counterpart Sergei Lavrov on Friday in a last attempt to defuse tension between Moscow and the West.

Markets were also jittery after data on Thursday showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations for an increase of 9.5%, while Chinese retail sales rose by a smaller-than-forecast 11.8% in the same period.

The pound was lower against the dollar, with GBP/USD slipping 0.10% to 1.6610.

Earlier in the day, official data showed that the U.K. trade deficit widened to £9.79 billion in January, from £7.66 billion in December, whose figure was revised up from a previously estimated deficit of £7.7 billion.

Analysts had expected the trade deficit to widen to £8.60 billion in February.

The dollar was lower against the yen and the Swiss franc, with USD/JPYdown 0.41% to 101.38 and with USD/CHF sliding 0.34% to 0.8715.

In Switzerland, official data showed that producer price inflation fell 0.4% last month, compared to expectations for a 0.1% downtick, after a flat reading in January.

Meanwhile, the minutes of the Bank of Japan's February policy meeting showed that board members agreed that the economy and prices are moving in line with their forecast.

Members also agreed that the sales tax hike next month in Japan will not derail the economy and that risks posed by overseas economies have receded.

The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD inching 0.07% lower to 0.9025, NZD/USD up 0.01% to 0.8543 and USD/CAD adding 0.13% to 1.1088.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26% to 79.51.

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U.S. stocks open lower amid Ukraine, China fears; Dow Jones down 0.02%

U.S. stocks opened lower on Friday, as markets were eyeing the release of U.S. consumer sentiment data later in the day, while concerns over Ukraine and China continued to dampen sentiment.

U.S. stocks fall as Ukraine and China concerns weigh

During early U.S. trade, the Dow Jones Industrial Average dipped 0.02%, the S&P 500 eased 0.08%, while the Nasdaq Composite index fell 0.18%.

Markets shrugged off official data showed that U.S. producer price inflation fell 0.1% in February, confounding expectations for a 0.2% rise, after a 0.2% increase the previous month.

Core producer price inflation, which excludes food, energy and trade, slipped 0.2% last month, compared to expectations for a 0.1% rise, after a 0.2% gain in January.

Investors remained cautious after Russia launched new military exercises near its border with Ukraine on Thursday, showing no sign of backing down on plans to annex Crimea.

U.S. Secretary of State John Kerry said serious steps would be imposed by the U.S. and Europe if the referendum on Crimea joining Russia takes place on Sunday as planned.

Markets were also jittery after data on Thursday showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations for an increase of 9.5%, while Chinese retail sales rose by a smaller-than-forecast 11.8% in the same period.

Retailer Aeropostale Inc. plunged 14.11% after it forecast a steeper loss than estimated late Thursday and agreed to borrow $150 million.

Also on the downside, General Electric dropped 0.43% after its North American credit card business filed with U.S. regulators for an initial public offering of common stock as part of GE's efforts to reduce exposure to its financial businesses.

Oil and gas giant BP was down 0.04% after the Environmental Protection Agency granted it the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill had prompted regulators to bar it from new government business.

In the insurance sector, American International Group Inc. added 0.12% amid reports Chief Executive Officer Robert Benmosche and four other senior managers reportedly received cash bonuses that exceeded their targets last year.

Across the Atlantic, European stock markets were mixed to lower. The EURO STOXX 50 declined 0.69%, France’s CAC 40 retreated 0.64%, Germany's DAX slid 0.31%, while Britain's FTSE 100 fell 0.23%.

During the Asian trading session, Hong Kong's Hang Seng Index tumbled 1%, while Japan’s Nikkei 225 Index plunged 3.30%.

Later in the day, the U.S. was to release preliminary data from the University of Michigan on consumer sentiment.

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U.S. futures edge higher, data ahead; Dow Jones up 0.07%

U.S. stock futures pointed to a moderately higher open on Friday, as markets awaited the release of U.S. economic reports later in the day, although concerns over ongoing tensions in Ukraine and the economic outlook for China were expected to limit gains.

U.S. futures point to slightly higher open ahead of data

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.07% gain, S&P 500 futures signaled a 0.13% rise, while the Nasdaq 100 futures indicated a 0.14% increase.

Investors remained cautious after Russia launched new military exercises near its border with Ukraine on Thursday, showing no sign of backing down on plans to annex Crimea.

U.S. Secretary of State John Kerry said serious steps would be imposed by the U.S. and Europe if the referendum on Crimea joining Russia takes place on Sunday as planned.

Markets were also jittery after data on Thursday showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations for an increase of 9.5%, while Chinese retail sales rose by a smaller-than-forecast 11.8% in the same period.

Retailers were expected to be active, after Aeropostale Inc. forecast a steeper loss than estimated late Thursday and agreed to borrow $150 million, sending shares down 11.92% in after-hour trade.

The insurance sector was also likely to be in focus, as American International Group Inc. Chief Executive Officer Robert Benmosche and four other senior managers reportedly received cash bonuses that exceeded their targets last year.

AIG shares edged up 0.18% in extended trade.

Elsewhere, General Electric was up 0.12% pre-market at its North American credit card business filed with U.S. regulators for an initial public offering of common stock as part of GE's efforts to reduce exposure to its financial businesses.

Oil and gas giant BP was also slated to be in the spotlight, with shares rising 0.27% in early trading, after the Environmental Protection Agency granted it the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill had prompted regulators to bar it from new government business.

Across the Atlantic, European stock markets were mixed to lower. The EURO STOXX 50 declined 0.69%, France’s CAC 40 retreated 0.64%, Germany's DAX slid 0.31%, while Britain's FTSE 100 fell 0.23%.

During the Asian trading session, Hong Kong's Hang Seng Index tumbled 1%, while Japan’s Nikkei 225 Index plunged 3.30%.

Later in the day, the U.S. was to release data on retail sales and import prices, in addition to the weekly government report on initial jobless claims.

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European stocks open broadly lower in risk-off trade; Dax down 0.67%

European stocks opened broadly lower on Friday, as renewed concerns over tensions between Ukraine and Russia dampened market sentiment, while worries over the economic outlook in China also continued to weigh.

European stocks decline at open in cautious trade

During European morning trade, the EURO STOXX 50 retreated 0.54%, France’s CAC 40 shed 0.48%, while Germany’s DAX 30 declined 0.67%.

Market sentiment was hit after Russia launched new military exercises near its border with Ukraine on Thursday, showing no sign of backing down on plans to annex Crimea.

U.S. Secretary of State John Kerry said serious steps would be imposed by the U.S. and Europe if the referendum on Crimea joining Russia takes place on Sunday as planned.

Markets were also jittery after data on Thursday showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations for an increase of 9.5%, while Chinese retail sales rose by a smaller-than-forecast 11.8% in the same period.

Financial stocks were mixed, as BNP Paribas added 0.16% and Societe Generale declined 0.67% in France, while Germany's Deutsche Bank inched up 0.06%.

Among peripheral lenders, Intesa Sanpaolo edged up 0.14% and Unicredit slipped 0.16% in Italy, while Spanish banks BBVA and Banco Santander added 0.12% and 0.14% respectively.

Elsewhere, UBS AG saw shares fall 0.16% following reports the Swiss bank raised total compensation for Chief Executive Officer Sergio Ermotti by 21% to 10.73 million Swiss francs after the lender returned to profit last year.

In London, commodity-heavy FTSE 100 shed 0.26%, weighed by losses in mining stocks.

Shares in BHP Billiton dropped 0.81% and Glencore Xstrata tumbled 1.10%, while Antofagasta and Rio Tinto lost 1.62% and 1.76% respectively.

Meanwhile, financial stocks were mixed. The Royal Bank of Scotland slipped 0.27% and Lloyds Banking retreated 0.99%, while Barclays rose 0.35% and HSBC Holdings advanced 1.08%.

On the upside, energy giant BP climbed 0.53% after the company won the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill prompted regulators to bar it from new government business.

In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.13% gain, S&P 500 futures signaled a 0.18% rise, while the Nasdaq 100 futures indicated a 0.18% increase.

Later in the day, the U.S. was to release data on producer price inflation and preliminary data from the University of Michigan on consumer sentiment.

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Forex Trading Signal for 14th March 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

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Forex Signal for 14^th  March  2014,,,,

EUR/USD

 Down Trend : 

 (1) SELL

Entry Point: 1.38940   

Take Profit: 1.38540

Stop Loss:   1.39240

 

GBP/USD

Down Trend:

(1) SELL

Entry Point: 1.66449    

Take Profit: 1.66000

Stop Loss:   1.66690

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

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Forex Trading Signal for 13th March 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 Up Trend : 

 (1) BUY

Entry Point: 1.38860   

Take Profit: 1.39260

Stop Loss:   1.38660

 

GBP/USD

Up Trend:

(1) BUY

Entry Point: 1.66007    

Take Profit: 1.66407

Stop Loss:   1.65800

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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Forex Trading Signal for 12th March 2014

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 Up Trend : 

 (1) BUY

Entry Point: 1.38560  

Take Profit: 1.38960

Stop Loss:   1.38360

 

GBP/USD

Down Trend:

(1) SELL

Entry Point: 1.66220    

Take Profit: 1.66290

Stop Loss:   1.66890

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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