Daily Market update by UWC

effexx · #31 (**permalink**) 31-08-2010, 13:10

Today Asian markets fall because of Japanese stocks which were at new 16-month low. Investors are anxious about influence of the yen on the Japanese economy.

In Asia the EURO and the USD fall against the YEN.

Today the EUR/USD pair demonstrates a positive way. The session’s maximum was at 1.2698. Then EURO has turned and currently is near to $1.2670. The pair has to speed up over 1.2710 to prove its uptrend.

Yesterday weak US data had an impact on the markets. Therefore now investors are waiting for Friday’s employment data to find out if there is reason to expect a double dip recession.

effexx · #32 (**permalink**) 01-09-2010, 13:45

The USD dropped against the major currencies as a result of the ADP's data.

The oil continues its uptrend: the oil prices were supported by the news from the US private sector enterprises which discharged 10.000 workers in August.

The same situation is with gold prices. The figures of private sector in the US supported the gold growth.

In investors opinions the Yen will stand strong during whole week.

China’s figures published today showed the stable growth in the national economy and traders were encouraged by this fact because Chinese economy is considered the second largest economy in the world.

effexx · #33 (**permalink**) 06-09-2010, 09:33

Better US job numbers
create new optimism

Double dip recession
seems to be avoided

Gold climbs to all
time high USD 1249

EURO strengthens
towards USD: 1,30

effexx · #34 (**permalink**) 07-09-2010, 07:12

YEN continues
strengthening

Bank of Japan decides
to not intervene

EURO weakens on
banking rumours

effexx · #35 (**permalink**) 08-09-2010, 08:53

The Japanese economy shows signs of gradual recovery.

YEN rallies to 15 years high against USD.

Gold breaks new records and reaches USD 1259.

Turbulence continues with falling Asian markets due to the strong YEN.

Today the Federal Reserve will publish its report on current economic conditions (Beige Book).

effexx · #36 (**permalink**) 13-09-2010, 11:27

Week is starting with markets soaring in Asia.

Today the Euro increased according to the positive China’s data. It was good news because as everybody can see the Euro is following the down trend against the USD during the whole year.

Oil prices increase on weaker USD and strengthening Euro.

Gold declines from peak to USD 1246.

The Chinese Yuan exchange rate against the USD has reached the maximum level of modern times.

effexx · #37 (**permalink**) 14-09-2010, 13:59

The Japanese currency hits again a new high against the dollar. Today has been registered the lowest USD level (83.05) against the Yen since 1995.

The US retail sales figures in August increased: July’s indicator was equal to 0.3% and now it reached 0.4%.

At the beginning of the European session EUR/GBP fell around 50 pips and the positive US retail sales data held the pair on its lows.

Today during the European session the crude oil contracts traded above 77 USD.

effexx · #38 (**permalink**) 15-09-2010, 11:32

The USD went up to 85 YEN after receiving the news about the Japanese government intervention. The sum of this intervention isn’t established and investors expect amounts of 200-300 billion Yen.

The Oil prices decreased in the morning because of the strengthened dollar.

The Gold quotes below the fresh high level which has been reached on Tuesday.

Today the employment data were published in UK; these figures indicated the fact that jobless claims increased in August in spite of expectations.

effexx · #39 (**permalink**) 16-09-2010, 11:32

The YEN recovers after the Central Bank intervention. Today the Bank of Japan continues to weaken the yen by adding 1 trillion yen more to the market.
After the government’s intervention stock markets in Asia went down because all investors were waiting for the next intervention.

The gold reaches all time high and today its area is USD 1272

The USD regains losses against EURO/GBP.

EUR/USD has hit the next high level and confirmed its uptrend again.

The oil prices are moving gradually in the direction of the level $75.

effexx · #40 (**permalink**) 17-09-2010, 11:36

Today during the Asian session the USD was down against its principal competitors.

The general situation on markets remains same because of the first Japanese Bank intervention. And it will not be changed while all traders are waiting for the next intervention.

The US Secretary Geithner criticizes China and claims higher Yuan.

Currency turbulence continues while US-China trade war lurks.

Gold and silver skyrocket: Euro/USD reaches 1.31.

The oil stays on $75: before the European session hours the crude oil contracts traded on higher level than usually.