Demo account Live Account Spreads & conditions Platforms Blog Partnership About Us
Blog / Forex news / --->27-06-11 - Daily Market Review

--->27-06-11 - Daily Market Review

6/27/2011
 
 
  Important Financial Indicators of the day Forecast Previous
USD 12:30 (GMT) Core PCE Price Index m/m 0.2% 0.2%
USD 12:30 (GMT) Personal Spending m/m 0.2% 0.4%
USD 15:00 (GMT) FOMC Member Kocherlakota Speaks    

Currencies

  • EUR/USD The dollar rose for a fourth day against the euro as lingering concern about Europe's debt crisis before Greece votes on budget cuts this week boosted demand for the world's reserve currency.
    • The dollar rose to $1.4111 per euro as of 9:45 a.m. in Tokyo from $1.4188 in New York on June 24.

  • USD/JPY The dollar was broadly higher against other major currencies in Asian trading Monday, boosted by continued euro weakness as the market remains focused on debt concerns.
    • The dollar advanced to 80.79 yen from 80.43, after reaching 80.89

  • GBP/USD The dollar was also higher against the sterling since Friday.
    • Sterling was trading today around $1.59366 at 7:30 a.m. London time.

Commodities

  • Gold prices slumped to a one-month as fresh concerns about Europe triggered steep declines in stocks and commodities and forced some traders to sell the safe-harbor asset.
    • Bullion for immediate delivery declined as much as 0.3 percent to $1,498.15 an ounce and was at $1,500 by 1:28 p.m. in Singapore.
    • Futures for August delivery were little changed at $1,500.50 an ounce on the Comex in New York.
  • Oil fell in New York on concern the economic expansion in the U.S. is slowing and as the International Energy Agency said it's prepared to release more stockpiles to stabilize prices.
    • Crude oil for August delivery declined as much as 85 cents to $90.31 a barrel on the New York Mercantile Exchange, and was at $90.32 at 12:45 p.m. Singapore time.

Equities

  • U.S. stocks fell this week amid concern the European debt crisis isn't contained.
    • The S&P 500 fell 0.2 percent to 1,268.45, and dropped three straight days to end the week.
    • The Dow Jones Industrial Average retreated 69.78 points, or 0.6 percent, to 11,934.58 last week.

  • European stocks stocks fell for an eighth week, the longest stretch of losses in many years, as concern grew that Greece will default and the Federal Reserve cut its growth forecast for the world's largest economy.
    • National benchmark indexes fell in all 18 western European markets last week.
    • The U.K.'s FTSE 100 declined 0.3 percent.
    • Germany's DAX slipped 0.6 percent and France's CAC 40 fell 1 percent.
  • Asian stocks fell by the most in a week ahead of the release of data that may show the U.S. economy is faltering and on concern Greece won't meet bailout conditions.
    • The MSCI Asia Pacific Index slipped 1.1 percent to 130.76 as of 12:46 p.m. in Tokyo.
    • Japan's Nikkei 225 (NKY) Stock Average slid 0.9 percent.
    • Hong Kong's Hang Seng Index dropped 0.7 percent, while China's Shanghai Composite Index rose 0.4 percent.

Sources: Bloomberg, FT


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