Intra-day Market Moving News and Views
26 Oct 2015 09:15GMT
EUR/USD - ...... Euro eases in European morning after intra-day short-covering rebound from a fresh 2-month trough of 1.0991 (Austria) to 1.1056 just ahead of release of key German business confidence survey.
Reuters reported German business morale fell modestly in October, suggesting Europe's largest economy remains resilient in the face of a slowdown in China and emissions scandal at car maker Volkswagen.
The Munich-based Ifo economic institute's business climate index, based on a monthly survey of some 7,000 firms, dipped to 108.2 in October from 108.5 in September.
This was stronger than the 107.8 reading that was forecast by economists in a Reuters poll.
Ifo economist comments :
- German auto industry looks to be unfazed by Volkswagen scandal
- German economy is overall showing itself to be very resilient
- the domestic economy is the driving force
- emerging markets and us economy are dampening export expectations
- no effects from monetary policy from Fed and ECB are noticeable on Ifo index
- influx of refugees has had hardly any affect until now on Ifo index
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
EUR/USD rises toward 1.0800 on USD weakness
EUR/USD trades in positive territory above 1.0750 in the second half of the day on Monday. The US Dollar struggles to find demand as investors reassess the Fed's rate outlook following Friday's disappointing labor market data.
GBP/USD closes in on 1.2600 as risk mood improves
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the improvement seen in risk mood make it difficult for the US Dollar to gather strength.
Gold gathers bullish momentum, climbs above $2,320
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Three fundamentals for the week: Two central bank decisions and one sensitive US Premium
The Reserve Bank of Australia is set to strike a more hawkish tone, reversing its dovish shift. Policymakers at the Bank of England may open the door to a rate cut in June.