Asian Markets Rally on European Finance Ministers Bailout
Asian markets begin the week off with a big bang Monday morning – Sunday evening in the U.S after the European Finance Ministers approved to provide Spain euros for a banking bailout.
Currencies
Euro – Is this the Recovery or the Calm before the Storm?
The Euro bounced sharply off of multi-year lows in a week of impressive recovery for the US S&P 500 and broader financial markets.
Breaking News – Mexico Rate Decision
Mexico Central Bank Rate Decision
Breaking News -Trade Deficit
Breaking News – U.S. Trade Deficit
USD Outlook Propped Up By Bernanke, JPY Reversal To Accelerate
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.05 percent higher from the open after moving 77 percent of its average true range, and the greenback may continue to recoup the losses from earlier this month as Fed Chairman Ben Bernanke softens his dovish tone for monetary policy
Australian Dollar and British Pound Outperform on PBoC, BoE
After yesterday’s massive rally – in fact the biggest rally since December by the Australian Dollar and the Dow Jones Industrial Average since December 20, 2011 – it would appear that all global issues have been resolved.
Chairman Ben S. Bernanke Testimony Transcript
Chairman Ben S. Bernanke Economic Outlook and Policy Before the Joint Economic Committee, U.S. Congress, Washington, D.C.
Ahead of the Opening Bell
Futures are suggesting the markets could build on yesterday’s bounce. Futures are up ahead of the open with S&P fair value at +13.00 and NASDAQ fair value at +21.80.
Breaking News – China Rate Decision
Breaking News China and England Rate Decisions
Today’s Key Economic Data
Today the economic calendar is jammed packed with key market moving data, that will have traders watching closely.
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