FXHIGHWAY

 Breaking News

Asian stocks rise on positive U.S. data; Euro stabilizes.

News Date: 16/10/2015 02:07:21
Update Date: 16/10/2015 02:20:36
 

 Asian stocks rose on Friday as positive U.S. data raised hopes that the world's number one economy is growing strongly. Japan's Nikkei rose 1.5%. China's Shanghai index rose 0.60%. Australia's S&P\ASX 200 index rose 0.73%. Other indexes bucked the trend however, with India's Nifty index falling 0.10%, Korea's KOSPI falling 0.13%.

 

U.S. stocks ended Thursday on a high note, as data showed unemployment claims falling to a 42-year low, also core CPI was up 0.2%, beating forecasts of a 0.1% rise. Dow Jones ended 1.28% higher. S&P 500 ended up 1.49%. NASDAQ was the biggest gainer with a 1.82% rise.

 

Dollar recovered strongly after the data. On Friday the Dollar index (DXY) was still up at 94.50. It was flat against Euro at 1.1386 after a big rally yesterday. Against Sterling it tapered some of its gains, trading at 1.5470. It's up against Yen for the second day, rising 0.28% on Friday to 119.17.

 

Euro stabilized after big losses yesterday. It's nearly flat against Sterling at 0.7357. Against Yen it rose to 135.61.

 

U.S. oil futures rose on Thursday on the back of the strong U.S. economic data, with December futures ending up 54 cents, or 1.15% to $47.41 a barrel. Brent futures rose 0.95% to $50.20 a barrel.

 

Spot gold is down 11 dollars, or 0.92% to $1,176 an ounce. Silver fell 13 cents, or 0.83% to $16.03 an ounce.

 

A raft of indicators will be released today, most notably the final CPI for the Eurozone in September, expected to stay at -0.1%. Falling short of expectations would pressure ECB to expand its stimulus, which would push Euro down.

 

Also for the Euro, the trade balance report for August is coming out, forecast to have a surplus of 22.2B, down from 22.4B in July. A higher number would raise Euro, and vice versa.

 

From Canada, manufacturing sales data for August are released today, forecast to have fallen a sharp 0.8% m\m, from July's 1.7 rise. A lower fall would delight Canadian dollar traders and rally it.

Latest news

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

Once again, the dollar is declining due to concerns and fears of a greater spread of the Corona virus, even though the spread has known its way to materialize ! But the question is : Will it lead to
06-2020 22 07:06:33

More News

Logs

Advertisements