TradeTheNews.com Asian Market Update: China releases new property price measurements;

February 16 2011 by Milla Schmidt in Forex Release |No Comments | Tags: New Property, New Property Price, Price, Property Price

***Economic Data*** – (CH) CHINA JAN NEW PROPERTY PRICES: BEIJING M/M: 0.8%; Y/Y: +6.8%; EXISTING HOME PRICES M/M: 0.3%; SHANGHAI M/M: 0.9%; Y/Y: +1.5%; EXISTING HOME PRICES M/M: 0.5% – (JP) BANK OF JAPAN (BOJ) MEETING MINUTES FOR JAN 24TH-25TH: MANY SAYING THAT THE ECONOMY IS LIKELY TO RETURN TO MODERATE RECOVERY – (CH) CHINA DEC LEADING INDEX: 154.3 V 101.58 PRIOR; -0.5% v +0.5% prior – (AU) AUSTRALIA JAN RBA FOREIGN EXCHANGE TRANSACTION (A$): 326M V 855M PRIOR – (JP) Japan Jan Nationwide Dept Sales y/y: -1.1% v -1.5% prior; Tokyo Dept.

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Treasury yields, dollar pare fall after Philly Fed

February 15 2011 by Spencer McKay in Forex Release |No Comments | Tags: Fed

NEW YORK (MarketWatch) — Treasury prices pared gains and the dollar cut its losses on Thursday after the Philadelphia Federal Reserve’s report on manufacturing conditions in the region this month improved much than expected. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 77.95, -0.27, -0.35%) , which measures the U.S. unit against a basket of six currencies, traded at 78.088, up from 78.015 before the data but still lower from around 78.240 in late North American trade on Wednesday. The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.3612, +0.0045, +0.3317%) traded at $1.3589, from $1.3605 earlier and $1.3566 late Wednesday.

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The S&P 500 Has Officially Doubled!

February 14 2011 by Aidan Creal in Forex Release |No Comments | Tags: 500, Sp 500

Congratulations folks, we finally did it. On March 6, 2009, the S&P 500 hit an intra-day low of 666.79. That was the lowest reading in 12-1/2 years.

This morning, the index broke through 1333.58 marking an official double. This is the market’s fastest double in over 70 years.

 

 

It took us 492 trading days (or just under two years) to double which works out to an average of 14 basis points a day.

The S&P 500 doubled from its low of January 23, 1995 to its high of July 7, 1997. That was 620 trading days or 29.5 months.

I don’t have the intra-day numbers for decades past but by going by the daily close, the S&P 500 doubled in just 510 trading days from September 14, 1953 to September 23, 1955. Tha Read more…

Risks Now Skewed To The Upside For Sterling

February 13 2011 by Spencer McKay in Forex Release |No Comments

As was widely predicted, the Bank of England’s latest monetary policy meeting was a complete non-event. The MPC left policy unchanged as expected, ensuring interest rates remain at 0.50% and the asset purchase target still sits at GBP200bn. Given the lack of any shift in policy no explanatory statement was issued, leaving markets to wait patiently for the more interesting and revealing minutes to be released on 23 February. Ahead of that release however, we will also get the latest edition of the BoE’s Quarterly Inflation Report (due 16 Feb), a publication whose importance has been accentuated by not only its timing ahead of the BoE Minutes, but also because of the prevailing inflationary environment within the UK and how the BoE’s experts are choosing to perceive it.   Wha Read more…

Interest Rates Continue to Drive Currency Movements

February 11 2011 by Aidan Creal in Forex Release |No Comments | Tags: Continue, Interest Rates

Equity markets continued to consolidate during the week, as Asian and Europe felt the pressure from higher interest rates, and US markets took a breather from the torrid upside pace.  Commodities came under some pressure after the PBOC tightened interest rates for the second time in the past 2 months.  The currency markets continued to remain volatile and were driven by short term interest rate differentials.  Some uncertainty has been removed after President Hosni Mubarak step down, delegating his power to the army. Th

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