Forex Signals, Currency Trading, Economic News, Forex Blog

Asian stocks snapped the longest losing streak in eight months as the Bank of Japan pledged to add monetary stimulus and Citigroup Inc. recommended buying industrial shares. European equity-index futures rose before an Italian bond sale, while copper and Australia’s dollar gained. The MSCI Asia Pacific Index climbed 0.6 percent as of 3:04 p.m. in [...]

The upcoming U.S. earnings season is likely to be better than expected for major U.S. corporates, investor and strategist Dennis Gartman told CNBC Tuesday. “Are we going to see 5-10 percent growth in earnings by almost all of the S&P 500 [.SPX 1361.39 -20.81 (-1.51%) ]? Probably,” Gartman, the author of The Gartman Letter, said. [...]

The third read on fourth quarter GDP would normally be a ho hum event, but Thursday’s report could contain some important insights about first quarter growth. Economists are looking to see what kind of revisions will show up in personal consumption, and then whether that could spill into the February personal consumption number, released Friday. [...]

Confidence among U.S. consumers climbed to a 12-month high in February, signaling household spending will help sustain the expansion. The Conference Board’s index increased more than forecast, to 70.8 from 61.5 in January, figures from the New York-based private research group showed today. Economists projected the gauge would climb to 63, according to the median [...]

The Standard & Poor’s 500 Index (SPX) rose for a fourth straight day, poised for the longest rally in more than a month, after better-than-estimated consumer confidence data bolstered optimism in the world’s largest economy. Technology shares had the biggest gain in the S&P 500 among 10 industries. Apple Inc. (AAPL) added 1.5 percent to [...]

Stocks (MXWD) fell from the highest level in almost seven months as the Group of 20 nations rebuffed calls from the euro area to boost international lending resources. Brent crude snapped a five-day rally and the yen strengthened. The MSCI All-Country World Index slid 0.5 percent at 7:45 a.m. in New York, after closing last [...]

European stocks declined from a six- month high and the euro weakened against the dollar on concern that Greece’s debt crisis will persist even after a second bailout. U.S. equity futures pared gains while Treasuries fell. The Stoxx Europe 600 Index lost 0.7 percent at 6:50 a.m. in New York. Standard & Poor’s 500 Index [...]

The Greek parliament’s approval of fresh austerity measures despite violent protests in Athens opened the door for a brighter disposition in markets and this, coupled with stronger-than-expected earnings and growth prospects, may push stocks upwards, according to analysts. Finance ministers in the euro zone are due to meet on Wednesday to discuss the austerity measures [...]

Stocks dropped, the euro weakened and commodities slid after Moody’s Investors Service cut debt ratings on six European countries. Spanish bonds fell as the government prepared to sell debt. The MSCI All-Country World Index (MXWD) declined 0.3 percent as of 9:25 a.m. in London. Standard & Poor’s 500 Index futures sank 0.3 percent. The euro [...]