Daily Forex Market Review 02/19/14 (+75 pips)

Today’s Trade Result: +75 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Euro re-emerging as a safe haven currency for investors?

LONDON—The euro eked out a gain amid a wave of selling on Monday, a small move that demonstrated a broader shift in investor thinking. Over the past few years, the euro has been a barometer of risk: When the markets got cloudy, it fell. But…

Nikkei undergoes correction, drops almost 2% on Monday

HONG KONG (CNNMoney) What goes up must come down: Shares in Tokyo fell almost 2% on Monday, continuing to erase last year’s runaway gains. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after posting…

Fed under fire after taper decision, IMF calls for vigilance

(Reuters) – The Federal Reserve’s decision to keep trimming its economic stimulus drew fire on Friday as India’s central bank chief said Americans should be more attuned to the global impact of their policies, and the IMF called for vigilance given strains in financial markets…

China’s official manufacturing PMI slips to 6-month low in January

(Reuters) – China’s factory growth eased to an expected six-month low in January, hurt by weaker local and foreign demand, a survey showed, a soft start for the year that heightens worries of an economic slowdown. The official Purchasing Managers’ Index (PMI) edged down to…

Dollar, world stocks slump as U.S. factory activity slows in January

(Reuters) – A weaker-than-expected report on U.S. factory activity on Monday pushed global equity markets and the dollar lower, while adding to pressure on currencies and other assets in emerging markets. U.S. stock indexes added to losses, the dollar fell to its lowest against the…

Japan December core CPI accelerates to 5-year high, job market improves

(Reuters) – Japan’s core consumer inflation rose at the fastest pace in more than five years in December and the job market improved, encouraging signs for the Bank of Japan as it seeks to vanquish deflation with aggressive money printing. Factory output also grew in…

U.S. consumer spending rises 0.4%, personal income flat in December

WASHINGTON—Strong consumer spending bolstered economic growth late last year, but with incomes barely budging households may struggle to maintain the robust pace. As the holiday shopping season wrapped up, personal consumption rose a seasonally adjusted…

Emerging market currencies under pressure as Fed expected to taper again

(Reuters) – Turkey’s lira and other emerging market currencies were back under pressure on Wednesday as expectations the Federal Reserve will press on with stimulus cuts later in the day reheated doubts over developing markets’ appeal for investors. The Turkish central bank’s…

Daily Forex Market Review 01/27/14 (+50 pips)

Today’s Trade Result: +50 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Emerging market fears drive Asian shares tumbling, USDJPY to 7-week low

(Reuters) – The yen rocketed to a seven-week high against the dollar in early Asian trading on Monday, driven by fears of a continued flight from emerging markets as tighter credit conditions…

World economy to grow 3.6% in 2014 but weak inflation will persist: Reuters poll

LONDON (Reuters) – A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday. As in the last few years, the United States looks…

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