Demo account Live Account Spreads & conditions Platforms Blog Partnership About Us
Blog / Forex news / --->11-07-11 - Daily Market Review

--->11-07-11 - Daily Market Review

7/11/2011
 
 
  Important Financial Indicators of the day Forecast Previous
CAD 12:15 (GMT) Housing Starts 182K 184K
CAD 14:30 (GMT) BOC Business Outlook Survey    

Currencies

  • EUR/USD The euro fell against the dollar on concern that Europe's sovereign- debt crisis may spread to Italy as policy makers remain divided on how to structure aid for Greece.
    • The 17-nation euro fell to $1.4188 as of 1:45 p.m. in Tokyo from $1.4265 on July 8.

  • USD/JPY The dollar weakened against the yen on Friday but started increasing this morning
    • The dollar bought ¥80.72, up from ¥80.65 late Friday.

  • GBP/USD The greenback also gained against the British pound.
    • The British pound bought $1.6024 compared with $1.6037 late Friday.

Commodities

  • Gold futures ended at a two-week high on Friday after monthly U.S. employment data surprised traders with a weaker-than-expected reading.
    • Today the immediate-delivery bullion was little changed at $1,543.70 an ounce by 10:31 a.m. in Singapore.
  • Oil declined for a second day in New York as investors bet that a slump in Chinese imports and rising unemployment in the U.S. indicated that fuel demand may weaken in the world's biggest crude-consuming nations.
    • Crude for August delivery fell as much as 90 cents to $95.30 a barrel in electronic trading on the New York Mercantile Exchange, and was at $95.44 at 1:08 p.m. Singapore time.

Equities

  • U.S. stocks rose last week as gains in technology and commodity companies were enough to overcome Friday's drop following the worst monthly jobs report since September.
    • Target Corp. (TGT) and Limited Brands Inc. rose 6.7 percent and 4.4 percent, respectively.
    • The S&P 500 advanced 0.3 percent to 1,343.80 last week.
    • The Dow Jones Industrial Average gained 74.43 points, or 0.6 percent, to 12,657.20.

  • European stocks declined last week as concern deepened that the region's debt crisis will spread and a report showed U.S. employers added fewer workers than forecast, fueling speculation the economic recovery is slowing.
    • Labor Department data showed U.S. employers added 18,000 workers in June, the fewest in nine months.
    • The U.K.'s FTSE 100 was almost unchanged.
    • Germany's DAX Index (DAX) slipped 0.2 percent and France's CAC 40 Index tumbled 2.3 percent.
  • Asian stocks fell as U.S. unemployment unexpectedly increased, weakening the outlook for the global economic recovery and Asian exporters' earnings.
    • Samsung Electronics Co., South Korea's No. 1 exporter of consumer electronics, sank 2.2 percent in Seoul.
    • The MSCI Asia Pacific Index slipped 1.1 percent to 136.94 as of 2:14 p.m. in Tokyo.
    • Japan's Nikkei 225 (NKY) Stock Average slid 0.7 percent.
    • Hong Kong's Hang Seng Index declined 0.9 percent and China's Shanghai Composite Index retreated less than 0.1 percent on speculation inflation is peaking.

Sources: Bloomberg, FT


Demo accountLive accountDeposit and Withdrawal
Live Chat
Call backContacts
Demo account|Live Account|Spreads & conditions|Platforms|Blog|Partnership|About Us