Archive for November, 2010

European markets have been trading in a pretty listless fashion today with little in the way of volume, as markets consolidate after the sugar rush of Fed induced volatility of recent days. The lack of any news flow hasn’t helped in this respect as markets look ahead to Wednesday’s US Trade Balance numbers and...
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Sterling versus the Loonie The day trading markets saw sterling advance by three cents over the week against the Canadian Dollar, having started out at what turned out to be the low. Most of the upward progress took place on Tuesday; after that the ascent was more measured. Only two sets of data emerged from Canada,...
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The day trading markets bought heavily into equities today as a knee jerk reaction to the Federal Reserve announcing a second round of quantitative easing of $600bn, which was slightly higher than speculated by the market. Strong corporate earnings from Man Group and Unilever have also helped to supplement Index gains. The announcement from the...
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Britain’s economy grew by 0.8% in Q3, postponing or even cancelling the need for more QE. Euro buyers run out of enthusiasm. Sterling went up by three cents over the seven days. It was almost a one-way street with two thirds of the gains coming at a rush on Tuesday. The week began with day trading...
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Day trading markets saw the US dollar pull back a little ground over the past 24 hours after US October ISM manufacturing data came in at 56.9 against an expectation of 54. The greenback pulled it off its 15 year lows at ¥80.20 against the yen, and back below yesterday’s highs at €1.4010 against...
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We’ve seen stocks get the month off to a nice positive start, pushing higher after Chinese manufacturing data came in much better than expected with commodity stocks and banking stocks leading the way. However upside continues to be limited as we head into a key week of central bank announcements, economic data and the...
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