Posts Tagged ‘weakness’
Daily Financial Market Outlook
August 18th, 2010 | 
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Yesterday's US economic data releases were mixed, although for us, continued weakness in the US housing market (as evidenced by July's housing starts and building permits figures), underscores a prevailing nervousness in markets. These 'headwinds' increase the chance of the Federal Reserve restarting its quantitative easing programme, having halted its
Posted in Forex Trading | 
Tags: building, building permits, chance, easing, economic data releases, Federal, federal reserve, housing, housing starts, increase, July, market, nervousness, programme, quantitative easing, Reserve, US, us economic data, us housing market, weakness, yesterday | 
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Mild Market Weakness In A Quiet Start To The Week
U.S. Dollar Trading (USD) gained on the back of Euro weakness with traders still buying the Dollar for its safe haven status. May Core PCE increased 0.2% vs. 0.1% previously and Personal income increased 0.4% m/m. In US stocks, DJIA -5 points closing at 10138, S&P -2 points closing at
The Week Ahead
The Euro's rebound following the announcement of the EU rescue package proved exceptionally short-lived. Markets immediately smelled blood and added to EUR shorts, driving EUR/USD below additional key technical levels, most notably the 1.2450/1.2500 2009 lows, which now serves as the critical daily closing resistance zone. However, the past week's decline came up short of the 2008 lows at 1.2330 and this level will act as the next trigger to further declines. In the midst of this EUR weakness, we are starting to get the feeling that Euro-bearishness is reaching extreme levels. That does not mean that the EUR won't see lower in the week ahead; in fact we anticipate further declines to the 1.2150/1.2200 area in the short-run (based on an Elliot Wave count), but from there the likelihood of a base/correction forming increases greatly.
Posted in Forex Trading |
Tags: announcement, blood, closing, decline, declines, Elliot Wave, EUR, euro, Euro-bearishness, extreme levels, fact, feeling, level, likelihood, lows, midst, package, rebound, rescue, resistance, trigger, USD, wave count, weakness, week, zone |
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Weekly Economic and Financial Commentary
Real GDP grew at a 3.2 percent annual rate, as strong growth in consumer spending and inventory rebuilding contributed the bulk of the improvement during the quarter. Business fixed investment was supported by equipment and software spending, while weakness in structures continued. Government outlays were a mixed picture, with federal...
Posted in Forex Trading |
Tags: bulk, business, consumer, consumer spending, equipment, GDP, government, government outlays, growth, improvement, inventory, Investment, percent, picture, quarter, quarter business, rate, Real, real gdp, software, spending, weakness |
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Worries over China property, Greece hang heavy on stocks
SELLING in China and Hong Kong and a weak opening for Europe because of concerns over Greece yesterday spilled over to the local market, dragging the Straits Times Index down 10.94 points to 2,991.68.
The weakness was broad-based - excluding derivatives, there were 289 falls versus 166 rises. As always in times of softness, traders resorted to churning the low-priced pennies for opportunities - ex... more
Posted in Singapore Financial News |
Tags: China, Derivatives, Europe, Greece, Hong Kong, Index, local market, market, opening, pennies, selling, softness, Straits, straits times index, Times, weakness, yesterday |
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Indifferent session after recent rally
HONG Kong’s weakness probably played a pivotal role in yesterday’s 5.36-point loss in the Straits Times Index to 2,913.94, although just as important was the fact that the index had already shot up by 130 points since closing at 2,790 on March 5. A third factor was Europe’s soft opening across all markets, suggesting that expectations were for a weak Thursday on Wall Street.
Genting Singapore was … more
