01/25/2012 in General
PARIS — Air France-KLM’s (AF.FR) financial situation is “extremely tight” and the company incurred a substantial operating loss in 2011 for the fourth consecutive year due, among other things, to rising fuel costs, the chief executive of Air France, one of the Franco-Dutch group’s two airline divisions, said Wednesday. Alexandre de Juniac told a French parliamentary commission that Air France-KLM’s [...]
01/24/2012 in Trading
The EURO increased considerably against the major currencies yesterday as a result of the announcement of the decision on the Greece’s debt crisis. Despite the lack of amicable solution, the EURO did gain considerably. This trend is expected to change today as traders await the announcement of the Richmond Index at 10:00 AM. In the [...]
01/24/2012 in General
NEW YORK (CNNMoney) — U.S. stocks opened in the red Tuesday as investors awaited progress on Greek debt talks and waded through another batch of corporate results. The Dow Jones industrial average (INDU) lost 65 points, or 0.5%, the S&P 500 (SPX)shed 8 points, or 0.6%, and the Nasdaq (COMP) dropped 12 points, or 0.4%. [...]
01/24/2012 in EURO, Trading, Trading Forex
Looking ahead, the focus turns to January’s preliminary set of Eurozone PMI figures, with consensus forecasts calling for narrow improvements. The region-wide composite PMI reading is expected to rise to 48.5 in January from 48.3 in the previous month, meaning both the manufacturing and service sectors shrank at a slower pace. While this hardly sounds [...]
01/23/2012 in Trading, Trading Forex
Barclays Capital recommends against buying the EUR/USD even if signs emerge that Greece and its private-sector creditors are making progress on a debt deal. “Although a positive outcome may reduce the EUR risk premium, the balance of risks, a slowing real economy and further easing by the ECB all suggest fading any short-term rally in [...]
01/22/2012 in General
Chinese markets will be closed this week as the Chinese celebrate New Year and the Year of the Dragon. In Asia this Monday morning we are looking forward to the release of the Australian Q4 Producer Price Index Australian Q4 PPI expected + 0.4 % q/q + 3.0 % y/y from 0.6 % q/q 3.5 [...]
01/18/2012 in Trading, Trading Forex
Recent upside move of EURO seems more a result of short covering rather than fresh position initiations ahead of upcoming heavy event risks – Portugal T-bill auction and German bond auction on Wednesday followed by French and Spanish bond auctions on Thursday. Greek-private sector debt swap negotiations also set to resume today and involved parties [...]
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