Philip Chua Business Blog

Posts Tagged ‘US’

Large bounce in risk sentiment. US equities (S&P500) are currently 3.0% higher following a day of news conducive to risk seeking. The earlier solid outcomes for Australian GDP and Chinese manufacturing set the starting tone for the European and US sessions, partly explaining the modest effect the weak US (ADP)

The dollar traded mixed on Friday, higher against the yen but lower versus the commodity currencies as risk appetite rose. Federal Reserve Chairman Ben Bernanke said the Fed is prepared to provide additional unconventional stimulus measures if needed. US GDP growth slowed less than expected in Q2 2010. The S&P

The Japanese yen relinquished some of its recent strength versus the greenback in the Wednesday session, shedding almost 1%. Meanwhile, the major currencies were marginally higher against the dollar, with the British pound edging up by 0.35%. US equities also recouped from earlier losses, finishing slightly higher as the Dow

U.S. Dollar Trading (USD) had a volatile trading day with USD strength on the back of risk aversion in Europe reversed as US housing data weakened further. July Existing Home Sales fell 27% as the effect of the removal of the housing credit continues to be felt. In US stocks,

Uneventful markets record modest changes. US equities were unchanged (S&P500) until late into a choppy NY session, the last hour seeing sellers push the index to a -0.4% close. There was little economic data from the US to influence price action, M&A activity (Campbell Soup eyeing UK's United Biscuits, China's

U.S. Dollar Trading (USD) was strong on Friday as stocks markets around the world remained heavy and the Euro lead majors lower. The outlook is a little mixed going forward however as the US itself may further expand easing measures to support the economy and potentially weigh on the Dollar.