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POPSCurrency Market Updates - GBP/AUD Hits 1997 Lows The Reserve Bank of Australia are willing to raise interest rates once it is economically viable. Meanwhile the GDP news out of France and Germany has been met with some cynicism. After initial gains for the pound and the euro, the USD fought back late in the day.
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POPSWhat is Happening in the Gold Market? The gold market has not shown a strong trend for a long time now and recent gains were lost yesterday catching many traders unaware. However there is potential for good profit in the near future. Read more about the current gold market at Currency Market Updates
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POPS Equities in UK and US Hit 2009 High The recent move into risk has been upheld with sterling moving higher against the US dollar. Be aware that the pound is being underpinned with the improved performance in equities and this position could easily be reversed.
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POPSUK GBP Weaker Than Expected Despite a strong start in early trading, sterling dropped a full cent against the USD and other major currencies. Phil McHugh of Currencies Direct, reported that the Japenese Yen was the main mover yesterday, retreating against USD, GBP and the Euro.
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POPS5 Educational Trading Videos Educational trading videos make trading easier than you think and are designed to help you make more money than you expected. They will also save you money by showing you how to avoid downturns in the market.
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POPSMarkets Off to a Flyer! This morning we have a positive start to the week with a big shift in Yen crosses and the sell off of the US dollar. Risk appetite has returned to the market with a boost for the other major currencies. Read more at Currency Market Updates.
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POPSHow to Trade Gold This Week Taking a close look at the gold market this week we are looking for the key level of 946.40. Should gold break that barrier the advice is to buy gold. When trading in gold it is paramount to have the real-time prices at your finger tips and this report shows how to do just that.
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POPSWill the US Dollar Weaken Against the Euro? The relationship between the Euro and the US dollar looks as if the market is going to favor the Euro. Since 2001 the euro has been steadily gaining despite rallies by USD and recently, using technical charts including Trade Triangle technology, all indications are that we are due for another upswing for the euro with a target area of 1.50 or possibly even 1.60.
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POPSMixed Data Leads to Mixed Markets The Federal Reserve Board staff expects the Central Bank's balance sheet to peak later this year and decline gradually from then on. Yesterday China revealed perhaps another part of the reason for strong asset markets. The country's M2 surged to a new record since data avail in 1999 of 28.5%, well above expected 26.7%, compared to an average in past years around 18% and their GDP this morning was also stronger than had been anticipated. China's economy gathered momentum in the 2nd Quarter of the year thanks to a continuation of the massive fiscal and monetary stimulus. Yesterday's UK jobs figures were, as reported during the rest of the day, horrendous. UK unemployment data rose to hit a 12 year high of 2.38 million in the three months to May, equivalent to 7.6% of the workforce. This bigger than expected jump is the largest rise we have seen since records began in 1971 and 2.4% higher than it was this time last year.
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POPSRisk Aversion Continues Equities ended largely softer on Friday and given the current economic outlook, appear set for another nervous week. Tomorrow we will look at GE, Intel and Goldmans and expect volatility in equity markets globally over the next few days. Read more...
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POPSIs Crude Oil Poised For a Comeback? Crude oil has been on the ropes the last eight days but it looks as if the tide will turn quite soon. The Trade Triangles used by seasoned trade floor professionals help to analyze the markets and all the indications are that we are looking for the turning point to come at around the 59 or 59.50 mark. Posted at Currency Market Updates.
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POPSAll Eyes on Bank of England Today Is expansion of the UK Quantative Easing program the way out of trouble for the UK economy or is it this practice, often described as 'printing money' storing up more fuel for the recessionary fire?
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POPSSterling Remains Under Pressure Sterling remains under pressure...Bank of England set to confirm increase in QE...Japanese concerned over strength of Yen... CRB index is down more than 12%...G8 leaders confirm recession is worst since World War II...read more at Currencies Direct and MarketClub Updates
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POPSPayroll Thursday Out Today Non-farm payroll data is the most important data point for all financial markets an it is out today ahead of the Independence Day holidays in the US. The number for June is expected around -365k and unemployment is expected a touch higher at 9.6% from 9.4% previously. If we see a 10-20% deviation from the expected, then hang on to your hats.
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POPSApple and RIMM in The "Smart Phone" War The "Smart Phone" war continues to rage between Apple and RIMM amidst the carnage of this present recession. While demand for the products are high, traders cash in on the share value. Find out who is winning and how you could easily be a winner too!
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POPSGet Noticed Online with WildFire This is a collection of free ways to get noticed online. If you have a business, a website or you are just yourself, this is how to do it for free. Now you have all the information you need to get noticed online for free!
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POPSUSD Weakens Ahead of the FOMC Meeting Looking at the markets this morning sterling has made good gains against the USD and recovered some ground on the euro. The lack of further equity losses being broadly sterling positive. Tonight we have the monthly meeting on interest rates in the US, the FOMC meeting is not expected to move interest rates but they will comment on their QE measures introduced.
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POPSEurozone on the Back Foot The good news for Germany but has not helped the euro gain as the market takes other data with a heavy pinch of salt given the weaker sentiment shrouding the euro-zone and Germany.
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POPSMixed Reports from the Eurozone Once again we don't really know where we are in very jittery markets. Mixed Reports from the Eurozone have investors in various markets watching the charts closely.
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POPSCurrency Market Updates - Mixed Data Leads to Range Trading The currency markets settled into range trading yesterday while sterling dipped sharply. In the US the pace of lay-offs has fallen while the Australian dollar gained against the Yen, US dollar and the pound. German producer prices came in as expected and EU leaders stated that further budget stimulus was not warranted at the present time. The Swiss Franc was a major gainer during the global slowdown and the SNB are proactively trying to maintain a leash on the strength of the Franc.
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POPSCurrency Market Updates Sterling and the UK retails sales both dropped yesterday. I wonder why the powers that be are surprised. It just means more good trading opportunities for us!
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POPSCaution is the Buzz Word Will the recession drag on or will it be shorter than previous predictions have led people to believe? My suspicion is it will be long and deep.
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POPSSterling Continues to Drive Higher The fact that the pound has recovered strongly is testament to increasing optimism for a recovery in the UK economy and also recovery in the global markets.
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POPSCurrency Market Updates The feel good factor returned to global trading with news from the UK government selling debt, better trading in US and AUD trading up.
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POPSMarket Uncertainty Continues Over the last week we have witnessed more snippets of economic good news being clouded by renewed weak data and economic uncertainty.
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POPSCurrency Market Updates Poor US retail figures and the Bank of England Chairman gloomy report led to more movement in the equity markets.
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POPSCurrency Market Updates It is no wonder that investors took the opportunity to lock in profits in these shaky times. Happily the small shoots of recovery are there, lets keep off the grass for a while!