Daily Market Outlook from ACFX 1/2/2013
Posted: Fri Feb 01, 2013 6:35 amDaily Market Outlook
Posted by on February 1, 2013
Important Financial Indicators of the day Forecast Previous
GBP 11:30 (GMT) Manufacturing PMI 51.0 51.4
USD 15:30 (GMT) Non farm Employement Change 161K 155K
USD 15:30 (GMT) Unemployement Rate 7.8% 7.8%
USD 17:00 (GMT) ISM Manufacturing PMI 50.8 50.7
Currencies
■AUD/USD The Australian dollar fell, erasing
earlier gains, after growth in Chinese manufacturing trailed
economists’ estimates, damping trade prospects.
Australia’s dollar declined 0.3 percent to $1.0392 at 4:27
p.m. in Sydney, after rising as much as 0.2 percent. The so-
called Aussie bought 95.78 yen and touched 95.84, the highest
since August 2008. Australia’s currency dropped to NZ$1.2350,
the lowest since August 2011, before trading at NZ$1.2352, 0.6
percent below yesterday’s close.
■USD/JPY The yen fell to its lowest in 2 1/2 years against the dollar and euro amid speculation Prime Minister Shinzo Abe is nearing selection of a new Bank of Japan (8301) governor who will boost monetary stimulus to spur inflation.
The yen sank 0.5 percent to 92.20 per dollar as of 1:52 p.m. in Tokyo, after earlier touching 92.27, the weakest since June 2010. It slid to 125.72 per euro, the least since May 2010, before trading at 125.59, 0.8 percent lower than yesterday’s close.
■USD/CAD The Canadian dollar was worth more
than its U.S. counterpart for the first time in a week after a
government report showed the economy grew faster than forecast
in November.
The loonie, as the Canadian dollar is known for the image
of the aquatic bird on the C$1 coin, rose 0.4 percent to 99.72
cents per U.S. dollar at 5:02 p.m. in Toronto. The last time it
closed stronger than parity was Jan. 23. One loonie buys
$1.0028.
Commodities
■Oil headed for the longest run of weekly gains in more than eight years in New York before a report that may show the U.S. added jobs last month, signaling an economic recovery in the world’s biggest crude consumer.
Crude for March delivery was at $97.52 a barrel, up 3 cents, in electronic trading on the New York Mercantile Exchange at 12:51 p.m. Singapore time. The volume of all contracts traded was in line with the 100-day average. Futures slid 45 cents to $97.49 yesterday. Prices are up 1.7 percent this week.
Brent for March settlement climbed 27 cents to $115.82 a barrel on the London-based ICE Futures Europe exchange yesterday. The volume of all contracts traded was 35 percent above the 100-day average. The European benchmark grade was at a premium of $18.30 to WTI futures, up from $18.06 yesterday.
■Gold extended the longest run of
monthly losses since May before a report that may show U.S.
employers added jobs last month, reducing the appeal of bullion
as a haven. Platinum was set to snap four weeks of gains.
Spot gold fell as much as 0.2 percent to $1,660.45 an
ounce, and traded at $1,661.45 at 1:30 p.m. in Singapore,
dropping for a second day. Gold retreated 0.7 percent in January
for a fourth monthly drop. Platinum, down 1.2 percent this week,
fell after a 9 percent gain last month that was the best showing
in a year.
Equities
■Asian stocks swung between gains and losses, with the regional benchmark index paring a weekly advance, after a gauge of China’s manufacturing unexpectedly fell. Japanese shares advanced on earnings and a weaker yen
The MSCI Asia Pacific Index slid 0.2 percent to 132.99 as
of 1:37 p.m. in Tokyo after rising as much as 0.3 percent. About
five stocks climbed for every four that slid. The measure is
headed for a 1 percent advance this week and is trading near the
highest since August 2011. Shares pared losses after a separate
report focusing on smaller manufacturers signaled growth.
■European stocks fell for a second day, paring their biggest monthly advance since July, as companies from AstraZeneca Plc to Banco Santander SA (SAN) slid after reporting earnings
The Stoxx Europe 600 Index (SXXP) retreated 0.5 percent to 287.22 at the close, as more than two stocks fell for every one that rose. The equity benchmark has still advanced 2.7 percent in January, its eighth month of gains and its longest winning streak since 1997.
■U.S stocks fell, trimming the best January rally for the Dow Jones Industrial Average since 1994, on disappointing earnings as investors weighed economic data ahead of tomorrow’s jobs report.
The Standard & Poor’s 500 Index fell 0.3 percent to 1,498.11 at 4 p.m. in New York. The Dow lost 49.84 points, or 0.4 percent, to 13,860.58. About 7.1 billion shares traded hands on U.S. exchanges today, or 16 percent above the three-month average.
Posted by on February 1, 2013
Important Financial Indicators of the day Forecast Previous
GBP 11:30 (GMT) Manufacturing PMI 51.0 51.4
USD 15:30 (GMT) Non farm Employement Change 161K 155K
USD 15:30 (GMT) Unemployement Rate 7.8% 7.8%
USD 17:00 (GMT) ISM Manufacturing PMI 50.8 50.7
Currencies
■AUD/USD The Australian dollar fell, erasing
earlier gains, after growth in Chinese manufacturing trailed
economists’ estimates, damping trade prospects.
Australia’s dollar declined 0.3 percent to $1.0392 at 4:27
p.m. in Sydney, after rising as much as 0.2 percent. The so-
called Aussie bought 95.78 yen and touched 95.84, the highest
since August 2008. Australia’s currency dropped to NZ$1.2350,
the lowest since August 2011, before trading at NZ$1.2352, 0.6
percent below yesterday’s close.
■USD/JPY The yen fell to its lowest in 2 1/2 years against the dollar and euro amid speculation Prime Minister Shinzo Abe is nearing selection of a new Bank of Japan (8301) governor who will boost monetary stimulus to spur inflation.
The yen sank 0.5 percent to 92.20 per dollar as of 1:52 p.m. in Tokyo, after earlier touching 92.27, the weakest since June 2010. It slid to 125.72 per euro, the least since May 2010, before trading at 125.59, 0.8 percent lower than yesterday’s close.
■USD/CAD The Canadian dollar was worth more
than its U.S. counterpart for the first time in a week after a
government report showed the economy grew faster than forecast
in November.
The loonie, as the Canadian dollar is known for the image
of the aquatic bird on the C$1 coin, rose 0.4 percent to 99.72
cents per U.S. dollar at 5:02 p.m. in Toronto. The last time it
closed stronger than parity was Jan. 23. One loonie buys
$1.0028.
Commodities
■Oil headed for the longest run of weekly gains in more than eight years in New York before a report that may show the U.S. added jobs last month, signaling an economic recovery in the world’s biggest crude consumer.
Crude for March delivery was at $97.52 a barrel, up 3 cents, in electronic trading on the New York Mercantile Exchange at 12:51 p.m. Singapore time. The volume of all contracts traded was in line with the 100-day average. Futures slid 45 cents to $97.49 yesterday. Prices are up 1.7 percent this week.
Brent for March settlement climbed 27 cents to $115.82 a barrel on the London-based ICE Futures Europe exchange yesterday. The volume of all contracts traded was 35 percent above the 100-day average. The European benchmark grade was at a premium of $18.30 to WTI futures, up from $18.06 yesterday.
■Gold extended the longest run of
monthly losses since May before a report that may show U.S.
employers added jobs last month, reducing the appeal of bullion
as a haven. Platinum was set to snap four weeks of gains.
Spot gold fell as much as 0.2 percent to $1,660.45 an
ounce, and traded at $1,661.45 at 1:30 p.m. in Singapore,
dropping for a second day. Gold retreated 0.7 percent in January
for a fourth monthly drop. Platinum, down 1.2 percent this week,
fell after a 9 percent gain last month that was the best showing
in a year.
Equities
■Asian stocks swung between gains and losses, with the regional benchmark index paring a weekly advance, after a gauge of China’s manufacturing unexpectedly fell. Japanese shares advanced on earnings and a weaker yen
The MSCI Asia Pacific Index slid 0.2 percent to 132.99 as
of 1:37 p.m. in Tokyo after rising as much as 0.3 percent. About
five stocks climbed for every four that slid. The measure is
headed for a 1 percent advance this week and is trading near the
highest since August 2011. Shares pared losses after a separate
report focusing on smaller manufacturers signaled growth.
■European stocks fell for a second day, paring their biggest monthly advance since July, as companies from AstraZeneca Plc to Banco Santander SA (SAN) slid after reporting earnings
The Stoxx Europe 600 Index (SXXP) retreated 0.5 percent to 287.22 at the close, as more than two stocks fell for every one that rose. The equity benchmark has still advanced 2.7 percent in January, its eighth month of gains and its longest winning streak since 1997.
■U.S stocks fell, trimming the best January rally for the Dow Jones Industrial Average since 1994, on disappointing earnings as investors weighed economic data ahead of tomorrow’s jobs report.
The Standard & Poor’s 500 Index fell 0.3 percent to 1,498.11 at 4 p.m. in New York. The Dow lost 49.84 points, or 0.4 percent, to 13,860.58. About 7.1 billion shares traded hands on U.S. exchanges today, or 16 percent above the three-month average.