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Blog / Forex news / --->09-05-11 - Daily Market Review

--->09-05-11 - Daily Market Review

5/9/2011
 
 
  Important Financial Indicators of the day Forecast Previous
GBP 08:00 (GMT) Halifax HPI m/m 0.2% 0.1%
CAD 09:30 (GMT) Housing Starts 183K 185K

Currencies

  • EUR/USD The Euro declined against other currencies after rumors surfaced the earth that Greece will be exiting the EUROZONE. The decline stopped after Greece Finance Minister denied these reports.

  • USD/JPY Good NFP number failed to raise the USD against the JPY. The JPY remains strong, technically. BoJ says that its recent policy has generated certain positive effects.

  • GBP/USD The cable continued to rally. Technically, GBPUSD maybe heading towards 1.700.

Commodities

  • Gold continued to drop after a strong NFP number. However, the decline which started on April 29th, showed some reversal, and Gold seems to be turning up again, on profit taking.
  • Oil continued to experience the fall. After dropping from 113 to 94 USD a barrel, OILUSD is showing some consolidation.

Equities

  • U.S.stocks The Dow closed in positive on Friday. Closing higher by 0.43%, driven by a good NFP number. Added jobs to the market helped to push the Equities higher. The S&P also closed up by 0.46%.

  • European stocks closed in the red on Friday. FTSE, CAC and DAX all closed negative on news that Greece may leave the EuroZone.

  • Asian stocks At the time of writing this report, Nikkei was down by 0.66%, Hang Seng was up by 0.50% and Shanghai was up by 0.30%

Sources: Bloomberg, FT


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