Higher-yielding assets took losses throughout the European session yesterday, following a disappointing German Industrial Production figure that led to fresh concerns regarding the pace of the euro-zone economic recovery.
The euro took losses against several of its main currency rivals yesterday, following the release of worse than expected EU retail sales and German factory orders data. The news also led to bearish movement for other riskier...
Speculations that the European Central Bank (ECB) is considering cutting euro-zone interest rates in the near future turned the EUR/USD moderately bearish during mid-day trading yesterday.
Higher-yielding assets, including the euro, Australian dollar and crude oil, saw modest gains on Friday afternoon, following a positive US jobs report that led to risk taking among investors.
Speculations that US lawmakers will be unable to reach an agreement to boost the nation’s borrowing limit before the government runs out of money in the next two-months, boosted safe-haven assets yesterday.
With the exception of the euro, which was negatively affected by EU manufacturing data, most higher-yielding currencies, commodities and precious metals saw upward movement yesterday.
Higher-yielding assets, including crude oil and the British pound, turned bullish to start off the week, as hopes that US lawmakers would reach a budget agreement encouraged risk taking before markets closed for the New Year’s holiday.
Renewed efforts by US lawmakers to reach a budget deal before a set of automatic tax increases and spending cuts, known as the “fiscal cliff”, go into effect at the beginning of the year, helped higher-yielding currencies...
The euro extended its bullish momentum during the first part of the European session yesterday, after positive Italian news and better than expected US Unemployment Claims figure led to an increase in risk taking among investors.
Higher-yielding currencies and commodities saw bullish movement yesterday, as US lawmakers prepared to renew budget negotiations before the “fiscal cliff” of tax increases and budget cuts go into effect at the beginning of the year.
