Major shifting to higher yielding assets amid optimistic ventures
The Greenback dropped versus major currencies excluding the Yen amid the great optimistic vibe triggered by cheerful news and figures, where investors in the exchange market shifted their low yielding currencies with high yielding ones.What boosted confidence and optimism is the speculation that Ire.
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The eToro Forex Blog: Your Daily Dose of Forex Info
Since its launch earlier this year, eToro.net – the eToro blog, has become a staple in many traders’ daily forex experience, including traders who trade with platforms other than eToro. The reason for this is that eToro has maintained the simplified approach to forex that has given rise to the eToro platform in the eToro blog as well. Many traders, novices in particular, don’t have the time and patience to decode the complex economic lingo that is so often used by both forex providers and forex analysts alike. The simple language used by eToro’s forex experts and analysts in the eToro blog works just as well to describe all the latest forex news trends and events that are so crucial for traders to define their short term and long term trading strategies, without alienating those forex enthusiasts who are yet unfamiliar with all the terms.
The eToro blog also revolutionizes the way traders can access market information and analysis by supplying weekly forex market reviews in six different languages: Arabic, English, French, German, Italian and Spanish. It is extremely important that traders understand what’s happening in the market, and for a lot of non English speaking traders this can be a hard task to accomplish given the overwhelming dominance of the English language over the forex domain. A lot of the times, the language barrier presents a severe communication barrier and leads to traders misunderstanding market news and the experts’ predictions. By supplying traders with weekly market summaries in their native tongue, eToro.net makes sure that eToro traders never go out into the market uninformed, which as we know can potentially lead to great losses.
Weekly and daily analyses aside, eToro.net also presents traders with a great archive of general knowledge concerning currencies, economic events, market indicators and trading strategies. The fact that it is free to access to all traders regardless of their affiliation makes it a superb online forex resource that can be very enriching for any trader looking to make more informed trading decisions.
Treasurys improve, dollar up after retail sales
NEW YORK (MarketWatch) — Treasury prices pared their losses and the dollar’s gains shrunk slightly on Monday after a report showed U.S. retail sales rose 1.2% in October, more than expected. Yields on 10-year notes , which move inversely to prices, rose 8 basis points to 2.87%. The dollar index which measures the greenback against a basket of six major currencies, climbed to 78.361, from 78.467 before the data and up from 78.106 late Friday in North American trading. The euro traded at $1.3651, from $1.3635 earlier and down from $1.3627. Still to come is the Federal Reserve buyback of Treasurys.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Wall Street Retreats As Investors Turn To Gold
New York, NY, United States (AHN) – U.S. stocks fell slightly on Monday as hedge-seeking investors went for commodities and sent gold prices up to a record high of $1,403 an ounce.
The Dow Jones Industrial Average lost 37 points or 0.3 percent to close at 11,407. Boeing Co., Home Depot Inc. and Travelers Cos. were the top losers.
The Standard & Poor’s 500 Index gave up 2.6 points or 0.2 percent to close at 1,223.
The Nasdaq Composite Index gained a point ending at 2,580.
Oil for December delivery gained 36 cents to settle at $86.85 per barrel.
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Daily Forex News Recap (11/5): NFP Surprises to Upside, USD Mixed; Euro Stumbles on Debt Woes
Today’s Non-Farm Payroll report came in better than expected, with the economy adding 151K jobs in October. That helped boost risk appetite for commodity currencies like AUD, CAD and NZD. It also helped stiffen the USD against the JPY and EUR. The Euro was pressured by sovereign debt woes, and we look at EUR/CHF and EUR/GBP.
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Dollar adds to gains after ISM, factory data
SAN FRANCISCO (MarketWatch) — The U.S. dollar solidified a turn higher Wednesday after a report on October growth in the services sector came in stronger than expected, and factory orders in September strengthened. The dollar index rose to 76.83, up from 76.719 late Tuesday and 76.605 earlier in the session. The euro bought $1.4023, down from $1.4036 late Tuesday and $1.4052 earlier in the session. Investors are keyed into the Federal Reserve’s afternoon policy meeting, when the central bank is expected to announce a new stimulus program involving large-scale bond purchases.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Americain wins 150th Melbourne Cup horse race
SYDNEY (MarketWatch) — Americain won the 150th running of Australia’s hugely popular Melbourne Cup horse race Tuesday afternoon. The favorite to win the race was So You Think, which was placed third, after Maluckyday. About 100,000 people attended the race, according to a Reuters report.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Stocks mixed ahead of Fed meeting
SAN FRANCISCO (MarketWatch) — Stocks were mixed Friday as investors shied away from bold moves ahead of a key U.S. Federal Reserve meeting next week. The Dow Jones Industrials Average fell 26 points to 11,130, while the Nasdaq Composite inched up less than a point to 2,516 and the S&P 500 lost 2 points to 1,185. Shares of UPS retreated 0.4% to $67.41 after a bomb was reportedly found on a UPS cargo plane bound from Yemen to Chicago on Friday, CNN reported.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Iberia Air swings to profit on 15% higher revenue
TEL AVIV (MarketWatch) — Iberia, the Madrid carrier, swung to a third-quarter profit from a year-earlier loss on 15% higher revenue. Net income was 74 million euros compared with a net loss of 16 million euros in the year-earlier quarter. Earnings from operations were 77 million euros versus a 56-million-euro loss. Revenue reached 1.34 billion euros from 1.17 billion. The load factor — the average percentage of seats filled with paying passengers — widened to 85.6% from 82.1%. Nine-month operating costs dropped 2.6% and employee totals dropped 3.6%. And the planned merger between Iberia and British Airways “continues to make progress,” Iberia said in a Friday statement.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Canadian stocks founder on Fed easing views
CHICAGO (MarketWatch) — Canadian stocks fell Wednesday, led by gold mining and energy stocks, as investors pared expectations for the size and speed of an expected monetary stimulus from the Federal Reserve. The S&P/TSX Composite Index fell 145.85 points, or 1.15%, to 12,538.83. A report in Wednesday’s Wall Street Journal saying the Fed’s purchase of Treasury bonds will likely be limited to a few hundred-billion dollars over several months, in contrast with trillions spent during the financial crisis, helped strengthen the dollar. That weighed on commodities, often seen as an alternative store of value to currencies. Canada’s main gold index fell 1.8%, led by a 3.5% loss in Eldorado Gold Corp. . Canada’s energy index dropped 1.3% as crude oil futures also retreated 84 cents, or 1%, to $81.74 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Day Trading Guide- Fitch downgrades Greek sovereign debt
- Clinton urges Americans to invest in Myanmar, names ambassador
- Gambia: Small country with a big crisis
- Verizon ending unlimited data for phone upgrade
- Senate confirms Federal Reserve nominees
- Aiming to leave least developed country list
- Bret Michaels settles lawsuit over Tony awards injury
- JC Penney store sales plunge nearly 20 percent
- Skechers to pay $40 million to settle false ad claims
- French lingerie exhibit gets intimate
- Trade Online, Online Opportunities
- Business Credit Information
- Honda widens recall for airbag problem
- GM CEO: Earnings good, but not good enough
- Chinese companies buying automaker Saab
- Suzuki demands VW return shares after alleged contract breach
- Chrysler has best September since 2007
- Honda recalls million cars worldwide
- General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car
- GM earnings soar 92 percent on global sales
- Volkswagen postpones MAN supervisory board takeover
- Business Loans
- Consumer credit card debt down
- Remittances to developing countries rebound
- Fixed mortgage rates steady near 4 percent
- Bank fee hike gives credit unions a boost
- Study: Canadians want to retire at 63
- Study: Growing number of college grads filing for bankruptcy protection
- Survey: Canadians expect to be free from debt when they reach 55
- Monthly Payments Lowered on Defaulted Debt?
- Number of hacked Citi credit card accounts rises to 360,000
- Virgin Atlantic pilots vote to strike over lack of pay increase
- Private Personal Loans
- personal loans
- U.S. Treasury should make $15 billion profit on AIG bailout
- Costco to offer mortgages
- Medicare to tie doctors’ pay to quality, cost of care
- Report: E-books encouraging reading in America
- Justice Dept. Broadens Investigations of Terrorism in Private Records
- Gold falls following Fed policy decision
- Average rate on 30-year fixed mortgage falls to 3.9 percent
- Stocks cross 13,000 for first time since May 2008
- CIA site down, Anonymous claims responsibility
- Mass. Governor Patrick disappointed in Bruins goalie’s snub of Obama
- Personal and Business Loans
- Moody’s downgrades credit of 26 Italian banks
- Initial unemployment claims drop by 1,000
- Fannie Mae not seeking new bailout funds after good quarter
- Mortgage rates fall to record low
- Spain, economic data weigh on U.S. stocks
- Costco to offer mortgages
- U.S. stocks mixed Thursday on weak jobless claims
- Short sales up in housing market
- Beyond the drought – ‘Families will disappear’
- Job growth weaker in March than prior three months
