Market

MPT market report for Tuesday the 30th of March.

Yesterday the Euro gained 30 pips against the Dollar, and in early trading today has gained a further 60 pips.
Sterling also recovered against the Dollar yesterday, and has continued to do so this morning, up 123 pips for the week, trading at 1.5040.
And the Yen which lost ground to the Dollar over the last week, was range-bound yesterday between 92.7 and 92.4. However this broke in early trading today and the Yen pushed to 92.15, before the Dollar bounced back to 92.65. This is looking extremely volatile today.
Looking ahead, UK National Housing Price figures were released early today. March saw a significant improvement from February, up 1.7% which may be bullish for Sterling today.
In the US, the S&P/Case-Shiller Home Price Index will be released later. Expected to see an improvement of 2.5% for February, this will be one to watch, and may be bullish for the Dollar today.
US Consumer Confidence figures will also be announced at 15.00 CET today. Expected to be up 4.3 points, this may be bullish for the Dollar.

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MPT Market Report – 17th March 2010 Daily forex market reports, available from the MyPrivateTradeTV YouTube Channel. www.myprivatetrade.com

Yesterday, the Euro was relatively calm against the Dollar, closing down just 33 pips. In early trading today, it has taken a fall of nearly 90 pips, currently trading at 1.3666.
Sterling made significant gains yesterday after better than expected jobless claims figures, pushing Sterling up 160 pips against the Dollar. The pair is currently trading at 1.5262.
The Yen continued its recent volatility yesterday, trading across a range of 70 pips with the Dollar. In early trading the Yen has made ground against the Dollar, briefly breaching the 90.0 support. Keep an eye on this one today.
In the UK, Mortgage approval figures for February will be released at 10.30 CET. These are expected to be up from Januarys figure of 48,000 by 6,000. If so, it may be bullish for Sterling.
At the same time, public sector net borrowing figures for the UK are also due out. There is expected to be considerable growth in net borrowing which is likely to be bearish for Sterling.
In the US, Consumer Price Index figures for February are out at 13.30 CET. This is a comparison of the retail value of a shopping basket of goods. A high reading may be bullish for the Dollar.
Also at 13.30 CET in the US, initial jobless claims figures are due to be released. These are expected to be down 6,000 from the previous reading, 462,000.

Duration : 0:2:37

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MPT Market Report – 9th March 2010 Daily forex market reports, available from the MyPrivateTradeTV YouTube Channel. www.myprivatetrade.com.

Yesterday the Euro climbed against the Dollar to 1.3704 before falling nearly 100 pips to 1.3605. The pair has consolidated around the 1.361 level.
Sterling also lost ground against the Dollar, falling 133 pips in just one and a half hours. The pair continued to fall during the Asian session, and has since broken the 1.5 support level, currently trading at 1.4993.
The Yen remained steady against the Dollar, making just 30 pips during the day. During the Asian session it furthered this by another 30 pips and is now trading around the 90.00 level.
Looking ahead, in the UK, BRC retail Sales figures were released at 01.00 CET. It is the actual value of retail sales from participating retail companies. Februarys figure is up from -7% last month, at 2.2% – this may be bullish for Sterling.
Also at 01.00 CET, UK RICS House Price Balance figures were released. This is a measure of housing costs in the UK, provided by the Royal Institute of Chartered Surveyors. The figure was expected to be up by 3% in February at around 35%. However, the actual result is at 17%, a considerable drop which may concern investors, and could be bearish for Sterling.
And at 10.30 CET, the UK Goods Trade Balance figures will be announced for January. This is a balance between goods exports and imports. Many traders expect the January result to be down around the minus £6.9bn level. This could cause some volatility for Sterling today!
If Japan, Leading economic figures released earlier today at 06:00 are better than expected. This economic indicator consists of 12 other indexes and gives an overall view of the Japanese economy. Todays slightly better than expected result may be bullish for the Yen.

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Feb. 11 (Bloomberg) — Stephen Wood, chief market strategist at Russell Investments, and Rick Bensignor, chief market strategist at Execution Noble LLC, talk with Bloomberg’s Pimm Fox about the outlook for the global economy.
Wood and Bensignor also discuss Greece’s debt crisis, currencies and investment strategy. (Source: Bloomberg)

Duration : 0:4:57

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Jan. 28 (Bloomberg) — Shaun Rein, managing director of China Market Research Group, talks with Bloomberg’s Bernard Lo about China’s residential and commercial property markets, and government policy on bank lending.
Rein, speaking from Hong Kong, also discusses the outlook for the yuan. (Source: Bloomberg)

Duration : 0:6:2

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