Wall Street was flat overnight and rising bond yields will probably give investors pause for thought. The Nikkei is expected to open marginally lower but most bourses are expected to stay within a -0.5%/+0.5% range on the day.
Regional stock markets likely to be subdued
Source: www.forexlive.com
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Daily Forex Tips - June 11th 2009
8:30 GMT: GBP - Consumer Inflation Expectations - This indicator reflects the percentage that consumers expect the price of goods and services to change during the next 12 months - Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher...
European Morning Forex Wrap Up; Market on hold ahead of non-farm ...
EUR/USD started around 1.4880 and gently ticked higher eventually reaching session high 1.4905, where ACB selling emerged capping the rally. Comments from ECB’s Nowotny, suggesting any ECB tightening is some ways away, helped pressure the pairing and we’ve drifted back to where we started,...
USDCHF stays in a downward price channel
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114...
US consumer confidence rockets higher
The Conference Board’s measure of Consumer Confidence rose sharply to 54.1 in August from an upwardly revised 47.4 in July. Again like last time, little early reaction in Eur/Usd to the news. More so in Usd/Jpy as the pair moves back to...
Citigroup to close proprietary-trading desk
Citigroup will close a proprietary-trading desk that makes bets with the firm’s own money and most of the unit’s staff will leave...