Central Banks are dominating the news again today. Craig Erlam talks about the Bank of Japan’s decision to announce 10 trillion yen of asset purchases. He then looks at the minutes which were released this morning of the MPC meeting from earlier this month and what they could mean for the UK in Q4. He also talks about the latest in the Eurozone and looks at how all of these events are affecting the currency charts.
Forex research: Global markets daily
Chief Market Analyst James Hughes talks about the latest financial stories, including the Spanish bond auction, UK retail sales and the Chinese Economy.
Forex research: Global markets daily
Craig Erlam talks about what’s moving the financial markets today, including comments from the head of the Bundesbank, growth warnings in Spain, and the rising concerns over the impact of Spanish budget cuts and reforms. He then takes a look at the how these stories are impacting the currency charts.
Forex research: Global markets daily
Craig Erlam talks about the key economic data out today including GDP revisions in the US and the UK. He then takes a look at the currency charts before discussing Spain’s budget for 2013.
Forex research: Global markets daily
Craig Erlam talks about the Chinese manufacturing data released over night, Spain and the key events over the next five days. He also takes a look at the currency charts and points out some key levels to be aware of over the coming days and weeks.
Forex research: Global markets daily
Craig Erlam talks about the RBA’s decision to cut interest rates, Spain and today’s economic data. He then takes a look at the currency charts and talks about some of the key levels to be aware of in the coming days.
Forex research: Global markets daily
Craig Erlam takes a look at the key economic data releases so far today and how they’ve impacted the currency charts. He also talks about the latest news coming out of Spain and finally looks ahead to this afternoon.
Forex research: Global markets daily
The spotlight is back on the central banks today. Craig Erlam looks ahead to the BOE and ECB meetings and what we can expect from them. He then looks ahead to tonight when the minutes from the Fed meeting will be released. Finally he takes a look at the charts with some key levels coming under pressure.
Forex research: Global markets daily
Craig Erlam talks about the central bank action over the last 24 hours before looking ahead to the US jobs report this afternoon. He then takes a look at the currency charts and points out some key levels that traders should be aware of.
Forex research: Global markets daily
Craig Erlam talks about the growth revisions by the IMF and World Bank, the US corporate earnings and today’s economic data. He then takes a look at the currency charts and highlights some key levels to look out for.
Forex research: Global markets daily
Craig Erlam talks about the main stories in the markets today including the third quarter earnings being reported in the US and the IMF’s comments on the eurozone. He then takes a look at the charts, in particular how the next movement in the USDCHF chart could impact what happens in EURUSD.
Forex research: Global markets daily
Craig Erlam talks about the S&P downgrade over night, the Beige Book in the US and corporate earnings. Finally he takes a look at the charts and points out some key levels to be aware of.
Forex research: Global markets daily
Craig Erlam talks about the companies reporting today including JP Morgan and the IMF’s comment. Finally he takes a look at some charts and points out some key levels to be aware of.
Forex research: Global markets daily
[B]Pivotal week ahead for the eurozone as earning take back seat[/B]
Today’s UK Opening Call provides an update on:
* Greece expected to submit spending cuts to EU leaders before summit;
* Spain could request bailout this week;
* Citigroup reporting Q3 earnings before US open;
* Dollar starts the week higher.
Corporate earnings are likely to take a back seat this week ahead of the EU summit on Thursday and Friday.
This could be a pivotal week for the eurozone. Before the EU summit on Thursday, Greece is expected to submit its spending cuts worth €13.5 billion to the EU leaders. If agreed upon by the EU, the next tranche of the bailout will be released, essentially funding Greece past November.
This is expected to be accompanied by a bailout request fromSpain. There has been a lot of pressure on Mariano Rajoy’s government to request a bailout ever since the ECB announced the OMT’s at the start of September. It is believed that Rajoy has delayed making the request until now at the request of Germany.
These could be major steps by the eurozone in settling the markets again. There has been a lot of uncertainty over the past month…
[B]Portugal condemned to third year of recession[/B]
Today’s UK Opening Call provides an update on:
* Stocks open higher this morning despite little reaction to positive earnings and data yesterday;
* CPI figure could open the door to further asset purchases next month;
* Confidence expected to remain low in Germany among analysts and investors;
* Portugal condemned to a third year of recession;
* Euro targets 1.3171 as it nears double bottom formation.
Stocks made only moderate gains yesterday despite better than expected US data and corporate earnings.
This would suggest that the eurozone is still at the forefront of everyone’s minds this week. The EU summit on Thursday and Friday is all investors seem to care about at the moment. It is not often that we see such positive retail sales data and corporate earnings go relatively unnoticed.
The UK CPI figure for September will be released this morning and is expected at 2.2%. This would be the lowest inflation figure in almost three years prompting further asset purchases by the MPC at their next meeting in November. It is widely expected that the BOE will increase asset purchases by £50 billion next month with current purchases expiring in November.
The UK is expected to have come out of recession in the third quarter but…
Craig Erlam talks about the key economic data releases today and what they mean for monetary policy in the UK and US for the rest of the year. He then takes a look at the currency charts and talks about US corporate earnings.
Forex research: Global markets daily
[B]BoE minutes to provide insight into November meeting[/B]
Today’s UK Opening Call provides an update on:
* Technology shares expected to open lower despite improved earnings;
* MPC minutes could hint at further QE in theUK;
* Unemployment expected to remain at 8.1% while jobless claims expected to fall;
* Euro breaks above neckline after forming double bottom.
Stocks traded higher yesterday after strong third quarter earnings and improved economic data provided a boost for investors.
Earnings reported after the close in the US were not as positive though. Intel’s revenue was down from a year earlier at $13.46 billion, however it did still beat expectations along with earnings. IBM reported lower revenues for the third quarter than a year ago with earnings slightly beating expectations.
Despite better earnings from both companies, the reaction in the markets was negative as a result of both companies lowering forecasts for the fourth quarter. This suggests we’re going to see similar warnings from the rest of the industry.
This morning the minute will be released from the MPC meeting earlier this month. There were no surprises at this meeting with asset purchases and the interest rate both remaining at £375 billion and 0.5% respectively.
However…
Craig Erlam talks about Moody’s decision not to downgrade Spain, the idea out of Germany to have a currency commissioner in the eurozone and today’s corporate earnings. He also takes a look at the currency charts and highlights some key levels.
Forex research: Global markets daily