Market Reports

Inflation, Trade, and Retail Highlight U.S. Data for Next Week

Inflation will be the major headline for this upcoming week, where several inflationary indicators will be released for the month of April, where inflation probably picked up as energy prices continued to rally through April, while trade balance and retail sales figures will be also released, which will help shed more light over the recent developments in economic activities. We will start with the import price index for the month of April, where import prices are expected to rise by 1.8%

Europe Ahead: The focus remains on the sentiment with eyes on Inflation Report and EU GDP

After a very volatile and hectic week the start of the new one will be focused heavily on the reshaping sentiment and the new interest rate and growth speculations in the market. The BoE and the ECB both left rates steady while Trichet disappointed hawkish investors with no signal on a rate move next month. The focus shifted to slowing growth and ended with a surprise jump in US unemployment! Last week started with rising geopolitical tension, a huge selloff on commodities, dollar strength,

Asia Ahead: Chinese data grabs global attention this week

The Chinese economy is to release this week a number of important economic data after Chinese economic growth expanded by 9.7% during the first quarter of this year, boosted everyone to focus now on the Chinese inflation data to speculate the next move in the Chinese monetary policy. China's trade balance for April is expected to show a widening surplus of $4.2 billion, compared with the previous surplus of $0.14 billion, while the annual exports index during April is expected to rise by 29.8%

Overall U.S services and manufacturing activities eased while jobs report shows hiring increased in April

Once again it has been shown throughout this week that the current recovery is taking place slowly and a t a moderate pace since that overall jobless levels remain high and are reviving gradually only while that chief sectors of the economy such as the services and manufacturing activities remain on expanding but at a lower pace as a result of the recent weakened economical conjuncture of the country. If truth be told, as we started the week, we had the country's Institute for Supply

ECB and BoE keep their monetary policy on hold till further notice

A week full of important events from the euro zone and UK, yet the main highlight was on the rate decisions from the two key central banks. The two major central banks, the ECB and BoE, preferred to keep monetary policy steady in May, referring that the economic situation is different in the euro zone and UK. In the euro area, although the main focus is on curbing inflation with improvement in data seen recently that provide some clues that growth pace will be strong this year, the bank

Asian ends a week of heavy data and central banks decisions

The Asian region has seen a number of economic data last week from various economies in the region, and some of the data triggered the movement of financial markets amid the tension in the markets during this period. Inline with the government's efforts to curb inflation pressures in China, the manufacturing index slipped in April after the People's Bank of China tightened its monetary policy, providing evidence that economic growth will slow in the upcoming period. The Chinese economy

Chart of the Day – EUR/USD

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/06/2011 – EUR/USD – Price action on EUR/USD (a daily chart of which is shown) as of Friday (5/06/2011) after the Non-Farm Payrolls report has descended to hover around a confluence of support that includes the key 1.4500 support

GBPUSD: Challenges Breakout Point

GBPUSD Having wiped out its Wednesday gains on Thursday, GBP is putting pressure on its breakout point at 1.6361 level. We expect that level to hold and turn it back higher in the direction of its long term uptrend. However, if that gives in, expect further declines towards the 1.6164 level, its April 18’2011 low and then its psycho level at 1.6000. Its daily momentum studies are bearish supporting this view. On the other hand, resistance stands at the 1.6541 level, its May 05’2011 high with a

Currency Majors Technical Perspective

EUR/USD Current price: 1.4514 View Live Chart for the EUR/USD Almost unchanged from pre Payrolls levels, US data showed the economy created 244K new jobs yet unemployment rate rose to 9.0%. As usual, the pair gets’ stuck in between dollar strength on good numbers and rising stocks; hourly chart shows indicators mostly flat, both below their midlines, while price has been so far contained by 20 SMA. Bearish bias persists in the cross, as long as below 1.4600, although no much follow trough is

Technical Daily Analysis

$EURUSD The cross has continued to the downside and has broken a critical support (1.4500) which leaves it still bearish. Currently- right after Non Farm Payroll we are at 1.4485. Look for the move to the 1.4406 area (1.270 fib extension). A break of that targets the support @ 1.4383 area.

Market Reports