The Australian dollar has retreated from highs seen yesterday again testing support levels around 0.6300 as a correction swept across markets. Talk of the Chinese stimulus package proved to be overdone in what was a classic case of buy the rumour and sell the fact. Chinese premier Wen Jiabao disappointed markets as he failed to announce any addition to the original 4-trillion-Yuan stimulus package in his annual speech overnight. Read Full Article »
Aussie Falters as China Hopes Fizzle
March 20th, 2009
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| tags:general motors, Gold, Greenback, Interest Rate, Interest Rates, lows, Market sentiment, recession, Risk Aversion, STI, Stimulus Package, unemployment, Unemployment Rate
Aussie Falters as China Hopes Fizzle
March 6th, 2009
The Australian dollar has retreated from highs seen yesterday again testing support levels around 0.6300 as a correction across markets was prompted. Talk of the Chinese stimulus package proved to be overdone in what was a classic case of buy the rumour and sell the fact. Chinese premier Wen Jiabao disappointed markets as he failed to announce any addition to the original 4-trillion-Yuan stimulus package in his annual speech overnight. Read Full Article »
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Seduta in rialzo per la moneta unica
March 6th, 2009
Intraday e spunti operativi.
Seduta in rialzo per la moneta unica che si attesta in area 1,2700 contro il dollaro. Le attese sono per una possibile verifica di area 1,2740, ed in superamento a 1,2780. Segnali ribassisti in rottura di area 1,2630.
Avvenimenti Giornalieri
Germania prezzi produzione gennaio (8:00)
Spagna Prezzi import-export gennaio (9:00)
Italia Produzione nelle costruzioni 4° trimestre (10:00)
UK Prezzi produzione febbraio (10:30)
OCSE leading indicator gennaio (12:00)
USA rapporto mercato lavoro febbraio (14:30),
crediti consumo gennaio (21:00)
Commento alla giornata precedente.
La giornata contrattazione di ieri si chiude con un profondo rosso: Wall Street accelera al ribasso nelle fasi finali della seduta e chiude con il Dow Jones in calo del 4,09% e l’S&P500 a -4,25%. Sullo stesso livello le perdite al Nasdaq: l’indice Composite ha lasciato sul terreno il 4 per cento. Il rischio di bancarotta per il colosso dell’auto General Motors (il cui titolo ha registrato uno scivolone di oltre il 16%) ha spaventato gli investitori. Ancora una giornata nera per i listini europei che hanno toccato nuovi minimi annullando il rimbalzo di mercoledì, che sin da subito era apparso come un classico rally da mercato ribassista.Forte volatilità sulle piazze forex dall’apprezzamento dell’Euro dollaro di due figure nella notte sino a raggiungere in prima mattinata 1.2654. EurGbgp stabile sotto quota 89.00, il cross come da previsioni non ha risentito el taglio di 50bps dei tassi Inglesi.
By Custom House
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Risk Aversion Pulls Kiwi Back
March 6th, 2009
The Kiwi had a rough night as a general feeling of gloom returned to the market following the UK and EZ interest rate announcements.
The local session was dominated by thoughts of the impending rate cuts and the Kiwi gave up most of its gains from the previous evening as sentiment started to wane. What little support the Kiwi finds has been tempered by expectations towards next week’s RBNZ OCR announcement, for which the market has priced in a 0.5% cut. Read Full Article »
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ECB, Bank of England reduce rates to record lows
March 6th, 2009
ECB, Bank of England reduce rates to record lows
The European Central Bank and the Bank of England cut interest rates to record lows yesterday to battle a global recession that has threatened the survival of American giant General Motors and pressured General Electric. Auditors for the once-mighty U.S. carmaker expressed concern about its ability to survive outside bankruptcy given its current losses and its stock price fall. UK interest rates are now at an all time low of 0.50% and Euro zone interest rates have been cut to 1.50%. Read Full Article »
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