Back
26 Feb 2013
Session Recap: Risk Aversion takes the market; Yen higher, Euro lower
Market has experienced an up-and-down session with early rallies but later declines. Yen rose to 1-month highs against its major competitors and the Euro tumbled hard against the GBP, the mentioned Japanese Yen and the USD dollar. Stocks post big loses too.
The outgoing results in the Italian elections hurt the market confidence and the possibility of a hung parliament weights over market. There is a possibility to a second election and the EUR/JPY tumbles around 600 pips, the USD/JPY 330 pips, the EUR/USD close to 260 points and the EUR/GBP almost 200 pips.
The result in Italy is yet uncertain, with Bersani leading the run but with a tight marge against Berlusconi in both Congress and Senate. Beppe Grillo will decide the short term future en Italy as he can make coalition with any group or event force new elections. Mario Monti has just gotten the 10% and said he wasn't governing for popularity.
Main Headlines in America:
American equity markets open positively Monday
Forex: GBP/USD tests 1.5100 for support
Fundamental Afternoon Wrap: EUR up on Bersani Trade
Forex: EUR/GBP reaches 16-month high
Forex: USD/JPY sets back to daily lows
Forex: EUR/USD regains 1.3200
Berlusconi refills his possibilities and has 31.9% votes to Senate according to projections
European equity close
Euro sinks, Italian yields storm back with Berlusconi possibly taking Senate
Euro driven by elections' headlines
Forex: USD/CAD testing Friday’s tops, around 1.0260
US markets trading mixed on Italian elections
Forex: EUR/USD falls to fresh 6-week low
Forex: US Dollar Index in session highs, around 81.90
Yen crosses break hard
Forex: EUR/JPY collapses to 1-month lows
Fears of a hung parliament grow in Italy
Forex: USD/JPY falls below 91.00 to Feb minimums
Forex: EUR/USD falls to 1.3050
Forex: Epic falls in all Yen crosses; Hedge funds unwind massive longs
RBA’s Debelle: Says RBA can cut rates to counterbalance $A
Wall Street tumbles on Italy election fears
The outgoing results in the Italian elections hurt the market confidence and the possibility of a hung parliament weights over market. There is a possibility to a second election and the EUR/JPY tumbles around 600 pips, the USD/JPY 330 pips, the EUR/USD close to 260 points and the EUR/GBP almost 200 pips.
The result in Italy is yet uncertain, with Bersani leading the run but with a tight marge against Berlusconi in both Congress and Senate. Beppe Grillo will decide the short term future en Italy as he can make coalition with any group or event force new elections. Mario Monti has just gotten the 10% and said he wasn't governing for popularity.
Main Headlines in America:
American equity markets open positively Monday
Forex: GBP/USD tests 1.5100 for support
Fundamental Afternoon Wrap: EUR up on Bersani Trade
Forex: EUR/GBP reaches 16-month high
Forex: USD/JPY sets back to daily lows
Forex: EUR/USD regains 1.3200
Berlusconi refills his possibilities and has 31.9% votes to Senate according to projections
European equity close
Euro sinks, Italian yields storm back with Berlusconi possibly taking Senate
Euro driven by elections' headlines
Forex: USD/CAD testing Friday’s tops, around 1.0260
US markets trading mixed on Italian elections
Forex: EUR/USD falls to fresh 6-week low
Forex: US Dollar Index in session highs, around 81.90
Yen crosses break hard
Forex: EUR/JPY collapses to 1-month lows
Fears of a hung parliament grow in Italy
Forex: USD/JPY falls below 91.00 to Feb minimums
Forex: EUR/USD falls to 1.3050
Forex: Epic falls in all Yen crosses; Hedge funds unwind massive longs
RBA’s Debelle: Says RBA can cut rates to counterbalance $A
Wall Street tumbles on Italy election fears