Daily Market Review

Daily Market Review September 16

Weak economic data from the U.S. dampened expectations for a raise in policy rates expected next week in the 20-21 sept Fed meeting. The greenback was seen down by 0.7 percent during this week, while the Yen was caught finding favor from risk sentiment resulting from news that central banks could be facing trouble so […]

Daily Market Review September 15

UK unemployment rate remained unchanged at 4.9 percent, a slight decline from readings obtained in September 2005. On the other hand, other data releases showed little growth for the UK economy as jobless claims rose to only 2.4K which was worse than expected. However, with data such as the UK interest rate decision releasing at […]

Daily Market Review September 14

A move by the Bank of England to raise rates seems more distant now as inflation data came in unchanged yesterday. The CPI data stayed put at 0.6 percent and as a result, a huge decline was seen for the Pound Sterling. However, today the average earnings index including bonus and the claimant count change […]

Daily Market Review September 13

Industrial production in China rose to 6.3 percent on a yearly basis as seen earlier today, suggesting that the economy may be stabilizing. Compared to the month of July, growth in the industrial production grew faster in August and retail sales data was also seen hiking up to 0.4 percent in the same month. While […]

Daily Market Review September 09

The European Central Bank raised its growth forecast from 1.6 percent to 1.7 percent for this year and as a result, the Euro soar higher. Eurogroup meetings scheduled today at 13:00 GMT may give more indications towards the same matter today. Note that the US dollar trends lower versus other major currencies, still being dampened […]