Forex trading headlines fro April 17, 2013:
Reports Boston bombing suspect arrested prove false
Weidmann: ECB may adjust rates if new information warrants it
Fed upgrades growth assesment to ‘moderate' in Beige book
Bank of Canada repeats forward guidance, downgrades growth
Iran chattering about an emergency OPEC meeting
Teranet/National Bank Canadian house price index 2.6% y/y vs 2.2% exp
UK house prices up 0.1% in March – Land Registry
Fed's Bullard: If inflation falls, would be willing to increase pace of asset purchases
Egan Jones downgrades Germany
Gold up $5 to $1373
US 10-year yields at 2013-low of 1.67%
S&P 500 down 1.4% to 1552
USD leads, EUR lags
The reports of an arrest in the Boston bombing case that were later denied were an apt illustration traders have been feeling after the whipsaws in EUR and GBP over the past two days. It feels like it's going one way, then it goes the other.
EUR/USD touched 1.3200 in Europe and sank straight down afterwards. It initially stalled in the key technical cluster around 1.3125 but that broke and it was a one-way ride down to 1.3002.
The comment from Weidmann tipped over the teetering euro.
The BOC decision did nearly nothing to CAD as it closes out the day at 1.0260, which is virtually the pre-statement level. A downgrade of growth was balanced by the lack of more-dovish rhetoric.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in