GLOBAL MARKETS-Share market settles after stormy start to year

GLOBAL MARKETS-Share market settles after stormy start to year

LONDON, Jan 5 (Reuters) – World stocks inched up from 2-1/2-month lows on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, which recorded the worst…

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EUR/NOK flirting with highs near 9.6300

FXStreet (Edinburgh) – The Norwegian krone keeps depreciating vs. the single currency on Tuesday, now lifting EUR/NOK to the area of session highs near 9.6300 the figure.EUR/NOK higher on poor PMI printNOK has lost further ground after the manufacturing PMI in the Nordic economy has dropped to 46.8 See Original Article

China stocks on a roller-coaster ride after Monday’s rout

FXStreet (Mumbai) – The stocks on the Chinese bourses witnessed yet another volatile session this Tuesday, extending the global rout from Monday. The Chinese equities experience wild swings and fluctuates between gains and losses, finally poised for a negative close on the day. Markets ignored the CSee Original Article

BoJ's Kuroda: Willing to take bolder steps to meet price target

FXStreet (Bali) – BoJ’s Kuroda has commented in a Tokyo labour event that he remains willing to take bolder steps to meet price target, Reuters reports.For more information, read our latest forex news.
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European stocks turn lower, DAX plunges on VW news

European stocks turn lower, DAX plunges on VW news

FXStreet (Mumbai) – The European stocks reversed the initial corrective rally and fell back in the red zone as the extension of the Chinese equities rout and the region’s corporate news dampened investors’ sentiment.DAX drags Europe lowerThe German stocks extended losses and drops -0.95% to 10,1See Original Article

EUR/CHF softer around 1.0850

FXStreet (Edinburgh) – The Swiss franc remains on the right footing vs. its European peer on Tuesday, with EUR/CHF posting marginal losses in the mid-1.0800s.EUR/CHF attention to EMU’s CPIThe cross is retreating for the second consecutive session following a softer tone around the single currency See Original Article

AUD: Retail sales likely to print 0.3% for November – RBC CM

FXStreet (Delhi) – Research Team at RBC CM, suggests that tailwinds from lower fuel prices and higher asset prices kept consumer confidence near above average levels through November. Key Quotes“This should help keep trend growth in retail sales at 0.3%m/m for that period. More relevant, howeverSee Original Article

Crude oil could hit $60.00 in H2 2016 – TDS

FXStreet (Edinburgh) – According to strategists at TD Securities, the barrel of crude oil could climb to the $60.00 level by the second half of the current year.Key Quotes“Our commodity team expects WTI oil to remain subdued through most of 2016, not reaching the $60/bbl mark until the second halfSee Original Article

EUR/USD keeps falling, 1.0750 on sight

EUR/USD keeps falling, 1.0750 on sight

FXStreet (Edinburgh) – The common currency is sharply lower vs. the dollar today, with EUR/USD now hovering over the 1.0760 area.EUR/USD extends losses post-CPISpot has intensified the downside momentum after consumer prices in the euro area have decelerated during December, rising at an annual paceSee Original Article

USD/JPY negative bias near-term – Commerzbank

FXStreet (Edinburgh) – In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s outlook has turned negative in the short-term.Key Quotes“USD/JPY has snapped its 2012-2016 uptrend and sold off aggressively towards the 118.06 October 2015 low. Failure here will triggerSee Original Article

EUR/GBP testing lows post-German data

FXStreet (Edinburgh) – The renewed weakness around the single currency has prompted EUR/GBP to slip further and print session lows in the 0.7340/35 band.EUR/GBP follows EUR-weaknessThe European cross is extending its daily decline in response to an increasing selling mood around the euro despite theSee Original Article

UK Preview: Markets broadly expect construction PMI to increase

FXStreet (Mumbai) – Markets widely expect UK’s construction PMI to increase to 56.0 in December, up from 55.3 reading recorded in November. The research team at TDS are of the opinion that the construction PMI might actually slip to 54.8. TDS feel that the decline in the manufacturing sector has lSee Original Article

AUD/USD: risks mounted to further weakness

AUD/USD: risks mounted to further weakness

FXStreet (Guatemala) – AUD/USD fell off a cliff this year so far and is likely to remain weak in light of fundamentals and the technical levels that it has now breached to the downside. Fundamentally, China weighs on the global economy’s outlook and Australia could be one of the worst hit in the neaSee Original Article

FOREX-Yen soars as investors lose their risk appetite, again

LONDON, Jan 5 (Reuters) – Investors once again flocked to the safety of the yen on Tuesday as a modest pick-up in risk appetite gave way to jitters over Chinese market turbulence and stalling growth…

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EUR/USD near 1.0730, selling pressure on the rise

FXStreet (Edinburgh) – The European currency continues to depreciate vs. its American peer today, now sending EUR/USD to test fresh 5-week lows in the 1.0730 area.EUR/USD weaker ahead of FOMC, PayrollsSpot is slipping further today, losing more than 2-big figures since yesterday’s tops in the mid-See Original Article

NZD/USD drops below 0.6700 after GDT auction

FXStreet (Córdoba) – The New Zealand dollar came under mild pressure on Tuesday following the release of the Fonterra dairy index, which showed a drop of 1.6% since the previous auction.NZD/USD broke below the 0.67 level and fell to fresh 2-week lows, although it halted the decline just a few pips See Original Article