Pivotfarm's blog

Markets in a Flash

· The Pound strengthened suddenly this morning when UK data came in better than expected. The EUR/GBP is moving back towards its monthly lows

· The USD/JPY has started trending down towards its lows in the past few hours.

· US equity futures are higher this morning suggesting a continuation in the rise in equity markets from yesterday’s session.

Markets in a Flash

· The Dollar has started to weaken in the past few hours against other major currencies. China continues to shift the world’s largest FX reserves out of Dollars.

· The USD/JPY is trading very close to its lows, further weakness in the USD may see the pair making new ground.

Markets in a Flash

· The EUR is starting to push higher this morning and is gaining against the USD, JPY and GBP.

· US equity futures are higher this morning following the European advance and indicating a rise in equity prices at the bell.

· Oil is trading over +1% higher this morning and is above $86.00. Gold is continuing to rise slowly and is at around $1230.00.

Markets in a Flash

· The USD is looking weak this morning as China see’s problems with US recovery.

· The JPY has started to look slightly stronger in the past few hours and is gaining against the USD and the EUR.

· US equity futures are lower today suggesting the selloff will continue when the markets open.

Markets in a Flash

· The USD is starting to look stronger this morning. It is gaining as investors seek less risk.

· The EUR/JPY appears to be trading very close to its monthly lows.

· US equity futures are lower today suggesting the selloff will continue when the markets open.

Markets in a Flash

· The USD is starting to look stronger today. Against the JPY it is pulling back some of its losses.

· The EUR/JPY appears to be pushing to new monthly lows today. It is trading around the 110.000 level.

· US equity futures are lower today suggesting the selloff will continue when the markets open.

Markets in a Flash

· The JPY continues to look strong today. The JPY/USD continues its trend and is making new highs.

· The EUR/USD is trading just above the 1.3000 level. It has bounced of the resistance today and may possible go through as people abandon risk for the greenback.

· US equity futures are lower by over -1.0% this morning following the fall in worldwide markets.

• Strength in the USD across the board today, most notable against the GBP which is off over 1% after the RICS report data.
• The UK housing market is showing signs of weakness, with the first drop in prices in a year according to the RICS report. Fears of a housing led double dip recession have been heightened.
• Over 14 million people are likely to be effected by the floods in Pakistan which many experts say will have a more devastating human cost than the Haiti earthquake and the 2004 Asian Tsunami

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Markets in a Flash

· The USD seems to be regaining ground against the JPY after the currency pair showed the JPY rising.

· The GBP/USD is trading just below the 1.600 level, near to its 6 month highs. A break though this level may be significant.

· US equity futures are higher this morning indicating the equity markets will open higher at the bell.

Markets in a Flash

· The JPY has started to look strong over the past few hours gaining against the USD and other currencies.

· The USD is also looking strong against other currencies, this may as investor buy the greenback before the US’s employment report.

· US equity futures have been fluctuating this morning but are currently posting slight gains ahead of the US session.

Markets in a Flash

· Overnight Japanese markets closed higher, reversing yesterday’s losses. The Nikkei 225 was up +1.73%.

· Equity markets in China finished lower overnight. The Shanghai index was down -0.67%, while the Hang Seng finished flat at +0.01%.

· European equity markets are pushing higher this morning. The Stoxx 50 is up +0.55% after it opened flat this morning.

Markets in a Flash

· Overnight Japanese markets closed lower. This may be as the JPY appreciated investors see exporters getting hurt. The Nikkei 225 was down -2.11%.

· Equity markets in China and Hong Kong finished higher overnight. The Hang Seng index was up +0.43%, while the Shanghai index was up +0.44%.

· European equity markets are down today but as trading continues they are starting to regain their losses. The Stoxx 50 is down less than -0.50%

Markets in a Flash

· Asian equity markets continued their rise last night. The Nikkei finished up +1.29%, while the Hang Seng finished up +0.21%.

· European equity markets are slightly down this morning. This is after yesterday strong rise took them to new recent highs.

· Commodities are looking strong today and are pushing to fresh 3 month highs. Oil is trading above the $81.00 level. Wheat prices fell after their recent gains as Russia calmed fears of export problems.

Markets in a Flash

· Asian equity markets closed higher this morning. The Hang Seng Index was higher by +1.82%, while the Japanese Nikkei 225 was higher by +0.35%.

· European equity markets have retraced Fridays losses and all higher. The FTSE 100 is up by +1.89% at lunchtime in London.

· Commodities are pushing higher at the start of the weak as investor look for more risk. Oil has broken above $79.50. Gold is falling as investors avoid its safety, and it is now below $1180.