European and US markets ended in negative territory

European and US markets ended in negative territory, falling over 1% while the slide was somewhat softer in American bourses. A plethora of unexpectedly negative data this week has turned investors more prudent as fears intensify over a potential recession. Mr. Market is now especially sensible to monitor the latest progress in Europe, where business activity appears to have grounded to a halt, and also in China, where the headlines making the case for a 'hard landing' are on the rise. As noted by Westpac strategist Richard Franulovic: “There...

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That's the word in the street

By: Joe Brown That's the word in the street at the moment as cable falls back from 1.5909 highs to around 1.5880. Offers sit upstairs around 1.5920/30. Not much on the downside until bids at 1.5825/30 and 1.5800...

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BBA mortgage approvals point

FXstreet.com (Barcelona) - BBA mortgage approvals point to a drop to 33.1K in February from 38.0K in the previous month, and against rising consensus to 39.1K. The GBP/USD had rallied and capped at 1.5908 just ahead of the UK data. With strong resistance at the 1.5900 psychological level, the pair has already declined 40 pips. Mataf.net analysts point to resistances at 1.5875, 1.5915 and 1.5960. On the downside, supports might act at 1.5825, 1.5790 and 1.57...

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How is the CPI measured?

How is the CPI measured? The CPI (Consumer Price Index) is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy and is the average change over time in the prices paid by urban consumers for a “market basket” of consumer goods and services. It provides information about price changes in the nation’s economy charged to government, business, labor, and private citizens. It is customarily used by them as a guide to making economic decisions. In addition, the President,...

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How does CPI data affect a currency?

How does CPI data affect a currency? Generally speaking, CPI data measures inflation in an economy. When inflation gets too high in a country, the Central bank may increase interest rates in order to ensure price stability. This may cause the currency to rise in value as the additional interest received makes the currency more desirab...

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When is the Non-Farm Payrolls (NFP) report released?

When is the Non-Farm Payrolls (NFP) report released? The Non-Farm Payrolls report is released at 8:30AM EST on the first Friday of every month. This is an important data release and it shows whether jobs are being added to the economy. ads fubiznews for more information trading and forex... get all in one websit...

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What is a “Dead-Cat Bounce”?

What is a “Dead-Cat Bounce”? A Dead-cat bounce is a Wall Street term that refers to a small, brief recovery in the price of a declining asset such as a stock, bond, or currency pa...

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What is a currency intervention?

What is a currency intervention? A currency intervention occurs when a Central Banks takes actions to influence the value of their currency, typically to weaken it. They can do this through open market activity by selling their own currency and buying that of othe...

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What is LIBOR?

What is LIBOR? London Inter-Bank Offer Rate or LIBOR The standard for the interest rate that banks charge each other for loans (usually in Eurodollars ). This rate is applicable to the short-term international interbank deposit market, and applies to very large loans borrowed from one day to five years. This market allows banks with liquidity requirements to borrow quickly from other banks with surpluses, enabling banks to avoid holding excessively large amounts of their asset base as liquid assets. The LIBOR is officially fixed once a day by...

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NFP The Monthly Market Mover

NFP The Monthly Market Mover The Non-Farm Payrolls is one of the most watched and highly anticipated reports on the US economic calendar. Non-Farm Payrolls will be abbreviated within as NFP and is released on a monthly basis to give a timely glimpse into employment inside of the United States. These numbers are released by the U.S Bureau of Labor Statistics to assist policy makers with decisions regarding monetary policy. NFP looks specifically at net changes in employment as jobs are created or subtracted in an economy in any given month. The...

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What Is Black Friday?

What Is Black Friday? Black Friday is a popular label attached to the Friday following Thanksgiving Day in the US. This day marks the beginning of the busy shopping season during which most consumers typically start their Christmas/holiday shopping and is largely know as the biggest shopping day of the year. While the word “black” often has a negative connotation, the use of black in this case alludes to profitability, which is traditionally noted in black ink (losses are noted in red). Traditionally, brick-and-mortar retailers see a surge in...

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