ACFX Daily Market Outlook
ACFX is a member of Atlas Group, one of the largest business conglomerates in South Eastern Europe. The group consists of companies in the fields of banking.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
September 13th, 2011
Important Financial Indicators of the day
Forecast Previous
Public Holiday for Hong Kong and South Korea
GBP 08:30 (GMT) CPI y/y 4.5% 4.4%
GBP 08:30 (GMT) Trade Balance -8.5B -8.9B
USD 12:30 (GMT) Import Prices m/m -0.7B 0.3B
USD 12:30 (GMT) Federal Budget Balance -126.5B -129.4B
Currencies
· EUR/USD The euro erased earlier declines against the greenback after an Italian government official yesterday said officials have held talks with their Chinese counterparts about potential investments in the economy.
o The shared currency traded at $1.3685 from $1.3679 yesterday, when it touched $1.3495, the weakest since Feb. 16.
· USD/JPY The yen gained against 14 of its 16 most-traded peers as investors bought the safest assets.
o The yen rose to 77.02 per dollar from 77.21.
· GBP/USD The pound rose against the dollar after yesterday’s continuous fall
o The U.K. currency traded at $1.58565 around 7:30 a.m. London time after reaching $1.57730.
Commodities
· Gold rebounded as investors found the precious metal attractive on an attempt to protect their wealth against financial turmoil and the risk of a deepening economic slowdown.
o Gold for immediate delivery advanced as much as 1 percent to $1,832.75 an ounce and traded at $1,831.35 an ounce by 11:56 a.m. in Singapore.
o December-delivery futures in New York increased as much as 1.3 percent to $1,837.20 an ounce before trading at $1,834.20.
· Oil rose on speculation crude stockpiles shrank last week in the U.S., the world’s biggest consumer of the commodity, after storms reduced offshore production
o Crude for October delivery climbed as much as $1.02 to $89.21 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.08 at 12:42 p.m. Singapore time.
Equities
· U.S. stock advanced as speculation that China may invest in Italy triggered a rally that lifted the Dow Jones Industrial Average.
o The S&P 500 advanced 0.7 percent to 1,162.27 at 4 p.m. in New York.
o The Dow increased 68.99 points, or 0.6 percent, to 11,061.12.
· European stock fell as speculation mounted that Germany is preparing for Greece to default.
o BNP Paribas (BNP) SA, Societe Generale SA and Credit Agricole SA (ACA) tumbled at least 11 percent.
o The U.K.’s FTSE 100 Index declined 1.6 percent
o Germany’s DAX Index lost 2.3 percent and France’s CAC 40 Index declined 4 percen
· Asian stocks rose under some optimism on news that China may come to the aid of the euro zone and the euro’s decline to the weakest level since 2001 against the yen
o The MSCI Asia Pacific Index added 0.4 percent at 3:02 p.m.
o Japan’s Nikkei 225 Stock Average added 1 percent
o Hong Kong market is closed today.