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#1
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Daily Market update by UWC
15.07.10
The Chinese Data published this morning have been provoked the new wave of risk appetite on market. According to this fact European currencies strengthen against USD. Today in the morning EUR/USD is in a consolidation position forming its today’s direction. Gold keeps its uptrend and today may reach the new highest level. The Bank of Japan expects the increase of prices next year according to the Consumer Price Index growth. |
#2
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16.07.10
USD/YEN is keeping its descending movement and today the pair is near to reach the lowest level of this year.
EUR/USD during the Asian session fixed a new maximum at the level of $1.2958. Today the microeconomic data will be very important for all market participants. Economists expect that consumer price index in June will increase 0.1 % against last month. |
#3
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20.07.10
During the European session the Euro is up and has started to test the new stress area of the 1.3000 level.
GBP today is under the influence of the financial figures therefore the currency pending the data. As for Asian trade the USD and JPY fall against the main currencies. |
#4
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21.07.10
Before Ben Bernanke comments USD fell against JPY during the Asian session.
USD will go down to the level of 86.00 if the expectations regarding recovery of the US economy are weak. According to the economists data the growth of US Gross Domestic Product expects to be 3 % till 2012. EURO, GBP and USD trade in the same way against each other but they dropped considerably against JPY. EURO will be under pressure this week till the results of banks’ “stress tests” will be published on Friday. |
#5
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22.07.10
The most of Asian stocks today trade in downside according to the pessimistic comments of Ben Bernanke regarding economic perspectives of US economy.
Ben Bernanke’s views do not inspire investors, the markets fall today was a consequence of the economic growth uncertainty. Bank of China announced that Chinese Yuan should take into account the world economic situation, now the Yuan rate is fluctuating in both directions and it means that Yuan is stable. Yesterday was the worse period for the Yen because investors withdrew long-term funds to provoke mass buying of the risk assets. |
#6
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23.07.10
Stress tests results will be published today. It will be an analysis of 91 banks in the European territory and these results should calm down investors regarding the state of the European financial sector. The time of event is 17 pm GMT.
Due to waiting for these results EURO drops against USD during the European session. Bernanke urged the legislators to reduce the Federal budgeted deficit in medium-term period. He said that it’s necessary to have US financial situation under control. By the end of Thursday GBP bounded around 100 pips against Japanese YEN. |
#7
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27.07.10
YEN and USD grew up due to the consolidation of Asian stock market indexes.
If other stock markets go up, EURO may continue the uptrend. The positive results of “stress tests” caused concern that these tests were too simple and didn’t reflect the real financial situation. Investors start buying EURO because they rely on the tests results which show that European bank system wasn’t destroyed by the crisis. UK retail sales increased considerably and demonstrated the highest level since 2007. |
#8
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28.07.10
Yesterday in the evening EUR/USD fixed new maximum and this fact stopped all attempts of EURO to continue its growth. So the uptrend of EUR/USD is failing little by little.
GBP/YEN trades next to the six-week peaks and it draw investors’ attention to this pair. Until USD/YEN is below 88.20 the descending dynamics of the pair continues. |
#9
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29.07.10
It’s the second day when YEN becomes stronger against EUR and USD.
The data regarding US economic growth will be published on Friday and this event is considered as a one more proof of economic deceleration. For the pair EUR/USD the level of 1.3000 is a psychological area. GBP/USD tries to continue increasing, in the morning this pair reached the new high. |
#10
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30.07.10
With regards to the data of Centre for Economic Policy Research and the Central Bank of Italy, the indicator EuroCoin in July fell from 0.46 to 0.40. The indicator is decreasing 4 months running. And it testifies deceleration of the economic growth rate.
Parliament of Italy approved assigning a sum of $ 440 billion and 575 billion euros on creation of the Support Fund for the countries with high national debt. The prices of OIL and oil products grew against USD. The USD weakness is pushing up the Oil prices. EUR/USD dropped today because of markets feverishness. USD/YEN decreases due to unfavorable situation on Asian markets. Last edited by effexx; 30-07-2010 at 11:49. |
#11
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The Dollar weakened against other major currencies as data showing a drop in jobless claims (457K vs. 468K prior), failed to offset fears over a slowdown in U.S. economic growth. NASDAQ and Dow Jones declined by 0.57% and 0.29% respectively, crude oil rose by 1.8% closing at 78.3$ a barrel, Gold (XAU) strengthened by 0.7% closing at 1168.4$ an ounce.
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#12
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03.08.10
EURO continues up;
1.3150 against USD. USD loses against most currencies. Fires in Russia give boost to agricultural commodities. Crude oil jumps 5 % and reaches USD 53,50. |
#13
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05.08.10
Yen reaches highest level
towards USD in 15 years EURO stabilizes on 1,3150 against USD. GBP continues up. Oil stays above USD 82 |
#14
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06.08.10
Yen reaches new records
against USD. EURO/USD stabilizes around 1.32. Wheat prices jump on Russian heat crisis. Oil stays on USD 82 |
#15
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09.08.10
Weak employment numbers
leads to continued USD weakness. Strong YEN hit by slower Japanese export in July Oil steady abover USD 80; Gold and silver increase |
#16
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10.08.10
USD and Yen strengthen
on speculation of slower economic recovery Strong Chinese export and import figures for July Oil stable on 80 - 81. Gold stays on 1200 |
#17
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11.08.10
US Federal Reserve
confirms economic slowdown. New fears for double dip recession hit markets Oil below USD 80. Yen reaches new highs |
#18
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12.08.10
EURO falls 2 %
towards USD Oil prices fall on weaker US growth New turmoil and market uncertainties |
#19
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13.08.10
Yen looses from
15 years high Export concerns lead to strong political pressure Gold climbs as market volatility increases |
#20
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Is there anybody here that can offer or share free analysis of the EUR/USD for the week. I am just curious...
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#21
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16.08.10
China overtakes Japan
as second biggest world economy Euro slightly up against USD - 1.28. Gold continues to climb reaches 1220 |
#22
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17.08.10
China reduces US-
treasury exposure Leads to weaker USD: Euro and Yen strengthened Gold back as "safe" haven reaches USD 1223 |
#23
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18.08.10
YEN continues to
demonstrate strength USD strengthened towards EURO and GBP Gold at six weeks high. Oil at $ 75 - 76 level |
#24
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19.08.10
Concerns on European slow
down weakens EURO Speculation on Central Bank intervention for weaker YEN Gold stays on 1225 Oil stabilizes on USD 75 - 76 |
#25
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20.08.10
Uncertainties continue to
dominate currency markets Commodities hit by slowing economy Gold seen as safe haven reaches $ 1232 |
#26
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24.08.10
The British government plans on reducing their expenses expose to danger GBP exchange rate.
Analysts of exchange market have a pessimistic mood regarding GBP. USD/JPY fell to 84.20 because of Japanese speculators who organize the massive selling of the pair. EUR/USD falls back from the August’s high and reaches the 6-week low (1.2605). |
#27
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25.08.10
Stock markets plunge
on US housing datas Oil prices down to USD 71 Gold and USD again seen as "safe" havens |
#28
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26.08.10
Nervous markets fear
double dip recession EURO/USD stabilizes on 1,27 Gold and silver sky-rocket |
#29
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27.08.10
World central bankers
to discuss growth and currency perspectives US and EU differ on strategy and outlook Oil recovers slightly Gold stays strong |
#30
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30.08.10
Japanese Central Bank pumps
100 trillion YEN into system in effort to weaken currency Asian markets soar in expectation of weaker YEN Australian Dollar strengthens OIL prices back on USD 75 level |
#31
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31.08.10
Today Asian markets fall because of Japanese stocks which were at new 16-month low. Investors are anxious about influence of the yen on the Japanese economy.
In Asia the EURO and the USD fall against the YEN. Today the EUR/USD pair demonstrates a positive way. The session’s maximum was at 1.2698. Then EURO has turned and currently is near to $1.2670. The pair has to speed up over 1.2710 to prove its uptrend. Yesterday weak US data had an impact on the markets. Therefore now investors are waiting for Friday’s employment data to find out if there is reason to expect a double dip recession. |
#32
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01.09.10
The USD dropped against the major currencies as a result of the ADP's data.
The oil continues its uptrend: the oil prices were supported by the news from the US private sector enterprises which discharged 10.000 workers in August. The same situation is with gold prices. The figures of private sector in the US supported the gold growth. In investors opinions the Yen will stand strong during whole week. China’s figures published today showed the stable growth in the national economy and traders were encouraged by this fact because Chinese economy is considered the second largest economy in the world. |
#33
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06.09.10
Better US job numbers
create new optimism Double dip recession seems to be avoided Gold climbs to all time high USD 1249 EURO strengthens towards USD: 1,30 |
#34
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07.09.10
YEN continues
strengthening Bank of Japan decides to not intervene EURO weakens on banking rumours |
#35
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08.09.10
The Japanese economy shows signs of gradual recovery.
YEN rallies to 15 years high against USD. Gold breaks new records and reaches USD 1259. Turbulence continues with falling Asian markets due to the strong YEN. Today the Federal Reserve will publish its report on current economic conditions (Beige Book). |
#36
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13.09.10
Week is starting with markets soaring in Asia.
Today the Euro increased according to the positive China’s data. It was good news because as everybody can see the Euro is following the down trend against the USD during the whole year. Oil prices increase on weaker USD and strengthening Euro. Gold declines from peak to USD 1246. The Chinese Yuan exchange rate against the USD has reached the maximum level of modern times. |
#37
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14.09.10
The Japanese currency hits again a new high against the dollar. Today has been registered the lowest USD level (83.05) against the Yen since 1995.
The US retail sales figures in August increased: July’s indicator was equal to 0.3% and now it reached 0.4%. At the beginning of the European session EUR/GBP fell around 50 pips and the positive US retail sales data held the pair on its lows. Today during the European session the crude oil contracts traded above 77 USD. |
#38
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15.09.10
The USD went up to 85 YEN after receiving the news about the Japanese government intervention. The sum of this intervention isn’t established and investors expect amounts of 200-300 billion Yen.
The Oil prices decreased in the morning because of the strengthened dollar. The Gold quotes below the fresh high level which has been reached on Tuesday. Today the employment data were published in UK; these figures indicated the fact that jobless claims increased in August in spite of expectations. |
#39
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16.09.10
The YEN recovers after the Central Bank intervention. Today the Bank of Japan continues to weaken the yen by adding 1 trillion yen more to the market.
After the government’s intervention stock markets in Asia went down because all investors were waiting for the next intervention. The gold reaches all time high and today its area is USD 1272 The USD regains losses against EURO/GBP. EUR/USD has hit the next high level and confirmed its uptrend again. The oil prices are moving gradually in the direction of the level $75. |
#40
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17.09.10
Today during the Asian session the USD was down against its principal competitors.
The general situation on markets remains same because of the first Japanese Bank intervention. And it will not be changed while all traders are waiting for the next intervention. The US Secretary Geithner criticizes China and claims higher Yuan. Currency turbulence continues while US-China trade war lurks. Gold and silver skyrocket: Euro/USD reaches 1.31. The oil stays on $75: before the European session hours the crude oil contracts traded on higher level than usually. |
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