PARIS—-Regulatory News: Food and Facilities Management Services, + 2.9%: Health Care and Seniors, Education and Defense contribute to continued growth Service Vouchers and Cards, + 15.2%: strong development
The BOJ’s tankan survey is negative for the yen as investors are shaken by the downward revision for capex plans, says Emmanuel Ng, currency economist at OCBC Bank. He shares his outlook for the currency market, with CNBC’s Rebecca Meehan & Chloe Cho. Watch Video MEDIA: VIDEO Permalink
The Euro may see selling pressure emerge in the forthcoming session as German Retail Sales come to a standstill in May, with the prospect of deepening recession boosting priced-in expectations for an ECB interest rate cut later in the week.
Consumers are starting to realize that things are not as rosy as they seem. The consumer confidence index slid from 54.8 to 49.3 instead of rising to 55.4 as expected. Concerns about job losses and wage cuts took their toll on the consumers’ outlook for the economy.
Student?s Question: In the Range Trading Webinar, a multiple lot strategy is mentioned where one lot can be closed to lock in profit while the other lot can be left open for the potential of a greater gain.
Tuesday-June 30,2009 The E-minis are on the way into the 907-900 zone. The VIX Count is at 23 Down from 53.25 peak in March, and very oversold
My picks: Short EURJPY Expertise: Global Macro, Classic Technical Analysis Average Time Frame of Trades: 1 week – 6 months
Posted By: Reuters Oil climbed back above $70 a barrel on Wednesday as an industry inventory report showing a larger-than-expected fall in U.S. crude stockpiles buoyed hopes of a demand recovery and encouraged buying. Read More Topics: Economic Data | Consumers | U.S. Dollar | Currencies | Energy | Commodities Sectors: Oil and Gas MEDIA: PHOTO Permalink
Discussing the main drivers that will affect the dollar’s direction in the new quarter, with Thio Chin Loo, senior currency strategist at BNP Paribas and CNBC’s Sri Jegarajah. Watch Video MEDIA: VIDEO Permalink
Following a slight recovery in the tankan survey, Susumu Kato, MD and chief economist at Calyon Capital Markets provides insight on business conditions in Japan, with CNBC’s Sri Jegarajah Watch Video MEDIA: VIDEO Permalink
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