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  1. Sean Hyman's Avatar

    News in 60 Seconds: G-20 accomplishes nothing! Euro tanks!

    by
    Sean Hyman
    , 06-07-2010 at 09:36 AM (News in 60 Seconds)
    Biggest % gainers: GBP/AUD up 1%, EUR/NZD, EUR/AUD as commodity currencies sink. GBP/AUD also tends to benefit as the VIX goes up and the "sky starts falling". GBP/AUD is holding above its 200 day SMA so far.

    Biggest % losers: AUD/CAD down 0.81%, NZD/JPY, NZD/USD, AUD/JPY on commodity dollar weakness.

    Gold $1,213
    Oil $71.75

    USD Bernanke speaking at 7:55pm EST tonight. Giving a speech and questions are expected afterwards.

    Belgium seems to be the latest country having problems...at least according to their bond spreads.

    EUR Merkel thinking of raising the VAT (value added tax) up up to 19%. (I believe it sits at 7% today).

    Also, Merkel ...
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  2. Sean Hyman's Avatar

    News in 60 Seconds: Let G-20 Meetings begin! Euro tumbling!

    by
    Sean Hyman
    , 06-04-2010 at 09:22 AM (News in 60 Seconds)
    G-20 meetings today through the weekend.

    All trading in shares of OTP Bank, Hungary's largest commercial bank, has been halted on the Budapest stock exchange after a plunge greater than 10%.

    Biggest % gainers: GBP/AUD up 1.3%, USD/ZAR up 1.05%, USD/CAD on USD strength. Much of that has to do with the Hungarian forint sell-off and many thinking that Austria could be next to crumble. So more troubles in Europe = euro selling...and "dollar buying".

    Biggest % losers: AUD/JPY down 2.27%, NZD/JPY down 2.08%, EUR/JPY down 1.69%, CAD/JPY down 1.60% on some SERIOUS yen weakness! Here's where the momentum is this morning!

    CAD Employment Change better at 24.7k vs. 16.8k.
    ...
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  3. Sean Hyman's Avatar

    News in 60 Seconds: Bank of Canada raises interest rates to 0.50%!

    by
    Sean Hyman
    , 06-01-2010 at 09:35 AM (News in 60 Seconds)
    Bank of Canada raises interest rates 1/4 point to 0.50%! BOC will carefully weigh further hikes against domestic and global economic developments.

    Australia held interest rates steady at 4.50% but hinted at the possibility of another rate increase. http://www.dailyfx.com/forex/fundame..._Rates_at.html

    Biggest % gainers: GBP/AUD up 2.01%, GBP/CHF up 1.29%, USD/TRY, USD/SGD, USD/ZAR...GBP strong this morning and the USD is strong especially vs. the exotics this morning.

    Biggest % losers: EUR/GBP down 1.52%, AUD/JPY down 1.50%, AUD/USD down 1.33% on GBP strength and AUD weakness.

    S&P revises Brussels ...
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  4. Sean Hyman's Avatar

    News in 60 Seconds: Swiss KOF Economic Barometer comes in better than expected!

    by
    Sean Hyman
    , 05-28-2010 at 10:16 AM (News in 60 Seconds)
    Biggest % gainers: EUR/NZD up 0.81%, EUR/AUD ...very mild EUR strength but the market is tame going into the Memorial Day weekend.

    Biggest % losers: NZD/JPY down 1%, NZD/USD on NZD weakness.

    Gold $1,206
    Oil $74 (get ready for it to tank again!)

    CHF KOF Economic Barometer better at 2.16 vs. 2.04 expected. Last time was better too at 2.05 vs. 1.99 formerly.

    Stocks fall...reports show that consumer spending is stalling and savings increasing. Bad for retailers and the "consumer-led economy".

    Sean Hyman
    DailyFX Forum Moderator
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