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  • Daily Market Outlook from ACFX

    Daily Market Outlook from ACFX 08/09/2013


    Important Financial Indicators of the day

    CAD - 15:30 (GMT) - Employment Change
    Forecast 6.2K
    Previous -0.4K

    CAD - 15:30 (GMT) - Unemployment Rate
    Forecast 7.1%
    Previous7.1%



    Currencies

    •EUR/USD The dollar is poised to drop against most of its major peers this week before Chinese data that will probably add to signs of stabilization in the Asian economy, buoying demand for higher-yielding assets. •The euro was little changed from yesterday at $1.3384 and set for a 0.8 percent weekly gain. It yesterday reached $1.34, the strongest level since June 19. The shared currency dropped 0.2 percent to 129.06 yen, set for a 1.7 percent decline since Aug. 2. The dollar slid 0.3 percent to 96.43 yen, heading for a 2.5 percent weekly loss, the most since the middle of June

    •GBP/USD The pound strengthened to a seven-week high against the dollar after Bank of England Governor Mark Carney reiterated policy makers’ commitment to bring down inflation, fueling speculation interest rates will rise. •The pound advanced 0.4 percent to $1.5550 at 4:32 p.m. London time after rising to $1.5574, the highest level since June 19. Sterling was little changed at 86.10 pence per euro after advancing to 85.79 pence yesterday, the strongest since July 10.

    •USD/CAD Canada’s dollar strengthened the most in almost a month after improved trade data from China and Germany added to signs the global economy is recovering, fueling speculation demand for the nation’s commodities will increase.

    •Canada’s currency, nicknamed the loonie for the image of the bird on the C$1 coin, appreciated 0.9 percent, the most on a closing basis since July 11, to C$1.0328 per U.S. dollar at 5 p.m. in Toronto. It gained as much as 1.1 percent to C$1.0304, the strongest level since Aug. 1, after sliding yesterday to C$1.0445, the weakest since July 11. One Canadian dollar purchases 96.82 U.S. cents



    Commodities

    •Oil West Texas Intermediate crude rose for the first time in six days, trimming a weekly decline before government data forecast to show that retail sales climbed last month in China, the second-biggest oil consumer.

    •WTI for September delivery advanced as much as 96 cents to $104.36 a barrel in electronic trading on the New York Mercantile Exchange and was at $104.25 at 1:16 p.m. Sydney time. The volume of all futures traded was 26 percent below the 100-day average. The contract fell 97 cents to $103.40 yesterday. Prices are down 2.5 percent this week.

    •Brent for September settlement rose as much as 52 cents to $107.07 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $2.87 to WTI futures, down from $3.28 yesterday.

    •Gold traded near its highest in four days after climbing the most in more than two weeks yesterday as investors weighed speculation the Federal Reserve will pare bond purchases. Platinum rose to the highest in two months.

    •Bullion for immediate delivery added as much as 0.3 percent to $1,317.10 an ounce and was at $1,314.74 by 10:59 a.m. in Singapore. Prices rose 2 percent yesterday, the most since July 22, and are set to gain 0.2 percent this week. Gold for December increased 0.3 percent at $1,313.90 on the Comex in New York.


    Equities
    •Asian stocks index is on course to snap its longest weekly winning streak since January after Nikon Corp. (7731) cut its profit forecast and as investors await Chinese industrial production data.

    •The MSCI Asia Pacific Index slid 0.2 percent to 133.56 as of 12:48 p.m. in Tokyo, with four stocks falling for every three that rose. The gauge is headed for a 1.5 percent decline this week, ending six weeks of gains. That was the longest run of weekly gains since the first week of this year.

    •U.S stocks rose, with the Standard & Poor’s 500 Index halting a three-day drop, as Chinese trade data topped estimates and jobless claims fell to the lowest monthly rate since before the recession.

    •The S&P 500 climbed 0.4 percent to 1,697.48 at 4 p.m. in New York, paring the index’s weekly drop to 0.7 percent. The Dow Jones Industrial Average gained 27.65 points, or 0.2 percent, to 15,498.32. About 5.9 billion shares changed hands on U.S. exchanges, 6.9 percent below the three-month average

  • #2
    Daily Market Outlook from ACFX 08/12/2013


    Important Financial Indicators of the day

    JPY - 02:50 (GMT) - Prelim GDP q/q

    Forecast 0.9%

    Previous 1.0%



    Currencies

    •EUR/USD The Dollar Index climbed for a second day before U.S. data forecast to show retail sales rose a fourth-straight month, adding to the case for the Federal Reserve to reduce monetary stimulus.•The greenback rose 0.3 percent to 96.51 yen, after dropping to 95.81 on Aug. 8, the lowest since June 19. It added 0.1 percent to $1.3325 per euro. Europe’s shared currency rallied 0.2 percent to 128.60 yen after earlier reaching 127.98, the weakest since June 27.

    •NZD/USD New Zealand’s two-year swap rate was near the highest since 2011 after a private report showed housing prices remained close to an all-time high in the South Pacific nation. •New Zealand’s currency was little changed at 80.31 U.S. cents, while the Aussie fell 0.2 percent to 91.86 U.S. cents. The kiwi climbed 2.6 percent and the Aussie jumped 3.4 percent last week, the biggest gain for both currencies since December 2011.


    Commodities

    •Oil West Texas Intermediate crude swung between gains and losses after the biggest rally in more than a week as hedge funds cut bullish bets. •WTI for September delivery was at $106.07 a barrel in electronic trading on the New York Mercantile Exchange, up 10 cents at 2:40 p.m. Singapore time. The contract advanced $2.57 to settle at $105.97 on Aug. 9. The volume of all futures traded was 13 percent below the 100-day average. Prices fell 0.9 percent last week.
    •Brent for September settlement slid 14 cents to $108.08 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $2.02 to WTI contracts. The spread narrowed on Aug. 9 for the first time in six days to $2.25

    •Gold climbed to the highest level this month after holdings in the biggest bullion-backed exchange-traded product expanded for the first time since June. Platinum advanced for a fourth day to a two-month high. •Bullion for immediate delivery rallied as much as 1.5 percent to $1,333.94 an ounce, the highest price since July 31, and traded at $1,331.69 at 2:05 p.m. in Singapore. Gold for December delivery climbed as much as 1.6 percent to $1,333 an ounce on the Comex in New York and was at $1,330.40.



    Equities

    •Asian stocks outside Japan rose as Chinese property developers and commodities companies climbed. Japanese shares fell after growth in the world’s third-largest economy slowed more than forecast.

    •The MSCI Asia Pacific excluding Japan Index advanced 1 percent to 444.77 as of 2:30 p.m. in Hong Kong. All 10 groups on the gauge rose. More than two stocks climbed for each that dropped. China’s Shanghai Composite Index (SHCOMP), now at the cheapest valuation of the world’s top 10 stock markets, added 2 percent, on course for the highest closing level in two months

    •European stocks have risen half as much as global benchmarks this year, leaving them cheaper than equities in the U.S. and Asia as the region’s economy starts to recover from the longest recession on record.
    •After a 7.2 percent gain in 2013, the Euro Stoxx 50 Index (SX5E) trades at 12.5 times projected earnings, 6.7 percent less than in 2009, the last time the euro area was in the final quarter of a contraction, data compiled by Bloomberg show. In the U.S., where the economy is in its 10th straight quarter of growth, the Standard & Poor’s 500 Index is valued at 15.3 times estimated profit and Japan’s Topix trades at 14.2 times income after Prime Minister Shinzo Abe vowed to end two decades of deflation.

    •U.S stocks fell for the week, with benchmark indexes posting the worst losses since June, as better-than-estimated data on trade and service industries fueled concern the Federal Reserve may reduce its stimulus.
    •The Standard & Poor’s 500 Index dropped 1.1 percent to 1,691.42. The Dow Jones Industrial Average slid 232.85 points, or 1.5 percent, to 15,425.51. Both gauges capped their worst week since June 21 after closing at records on Aug. 2.

    Comment


    • #3
      Daily Market Outlook from ACFX 08/13/2013

      Important Financial Indicators of the day

      GBP - 11:30 (GMT) - CPI y/y - Forecast 2.8% - Previous 2.9%
      EUR - 12:00 (GMT) - German ZEW Economic Sentiment - Forecast 40.3 - Previous 36.3
      USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.4% - Previous 0.0%
      USD - 15:30 (GMT) - Retail Sales m/m - Forecast 0.2% - Previous 0.4%


      Currencies

      ◾EUR/USD The dollar touched the highest in
      almost a week versus the yen before a report today that may show
      U.S. retail sales climbed for a fourth month.

      ◾The dollar rose 0.4 percent to 97.30 yen as of 1 p.m. in
      Tokyo after earlier touching 97.44, the strongest since Aug. 7.
      It fetched $1.3310 per euro, down 0.1 percent from yesterday.
      Japan’s currency slid 0.5 percent to 129.49 per euro.

      ◾AUD/USD Australia’s dollar fell for a second
      day before U.S. data that may show retail sales climbed, adding
      to the case for the Federal Reserve to taper monetary stimulus
      that tends to weaken the greenback.

      ◾Australia’s currency lost 0.4 percent to 91.14 U.S. cents
      as of 10:07 a.m. in Sydney from yesterday. The kiwi dollar
      dropped 0.5 percent to 79.76 U.S. cents. It posted a 2.6 percent
      weekly gain on Aug. 9, the most since December 2011

      ◾USD/CAD Canada’s dollar declined for the
      first time in three days after it failed to breach a key
      technical level, a move that might have signaled gains beyond a
      one-week high it reached last week, spurring speculation the
      currency’s run of strength is at an end.

      ◾Canada’s currency depreciated 0.2 percent to C$1.0307 per
      U.S. dollar at 5 p.m. in Toronto after gaining earlier to
      C$1.0281. Its 100-day moving average is C$1.0279. It touched
      C$1.0276 on Aug. 9, the strongest level since Aug. 1. One
      Canadian dollar buys 97.02 U.S. cents.


      Commodities

      ◾Oil West Texas Intermediate crude traded
      near the highest price in five days amid speculation that U.S.
      stockpiles fell for the sixth time in seven weeks as summer
      driving buoyed demand.

      ◾WTI for September delivery was at $106.18 a barrel in
      electronic trading on the New York Mercantile Exchange, up 7
      cents at 12:20 p.m. Singapore time. The volume of all futures
      traded was 34 percent below the 100-day average. Prices have
      climbed 16 percent this year.

      ◾Brent for September settlement gained 2 cents to $108.99 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $2.83 to WTI, from $2.86 yesterday.

      ◾Gold snapped a four-day advance as a
      rally to the highest level in almost three weeks damped demand
      and prompted some investors to sell. Silver declined.

      ◾Spot gold fell as much as 0.6 percent to $1,330.35 an ounce
      and was at $1,336.55 at 11:57 a.m. in Singapore. Bullion climbed
      4.3 percent in the four days through yesterday, when it touched
      $1,344.40, the highest price since July 24.


      Equities

      ◾Asian stocksrose for a fourth day, with Japanese shares gaining after the yen weakened as a report showed machinery orders beat estimates and amid a report Prime Minister Shinzo Abe is considering a corporate-tax cut.

      ◾The MSCI Asia Pacific Index added 0.5 percent to 134.81 as of 11:39 a.m. in Hong Kong, with about three shares rising for each that fell. Nine of the 10 industry groups increased on the gauge, which is headed for its longest winning streak in six weeks.

      ◾European stocks closed little
      changed at a 10-week high as a rally in mining companies offset
      slower-than-forecast economic growth in Japan.

      ◾The Stoxx Europe 600 Index increased less than 0.1 percent to 306.08 at the close of trading, having earlier risen as much as 0.2 percent ad declined 0.6 percent. The benchmark gauge added 0.6 percent last week as better-than-forecast economic data in Europe and China outweighed concern that the Federal Reserve will reduce the pace of its bond-purchase program. The measure has rallied 9.4 percent .

      ◾U.S stocks fell, giving the Standard & Poor’s 500 Index to its fifth drop in
      six sessions, as data showed a slowdown in Japan’s economic growth and
      investors awaited tomorrow’s report on America’s retail sales.

      ◾The S&P 500 fell 0.1 percent to 1,689.47 at 4 p.m. in New York, extending its loss from a record high to 1.2 percent. The Dow Jones Industrial Average declined 5.83 points, or less than 0.1 percent, to 15,419.68. About 5 billion shares changed hands on U.S. exchanges, 20 percent below the three-month average.

      Comment


      • #4
        Daily Market Outlook 08/16/2013

        Important Financial Indicators of the day


        CAD - 15:30 (GMT) - Manufacturing Sales m/m - Forecast 0.5% - Previous 0.7%
        USD - 15:30 (GMT) - Building Permits - Forecast 0.95M - Previous 0.92M
        USD - 16:55 (GMT) - Prelim UoM Consumer Sentiment - Forecast 85.6 - Previous 85.1


        Currencies

        ◾EUR/USD The dollar headed for its biggest weekly advance in a month against the yen before U.S. reports that economists said will show housing starts and consumer confidence improved.

        ◾The dollar was little changed at 97.35 yen at 8:36 a.m. in
        London, having risen 1.2 percent this week, the most since the
        period ended July 19. The U.S. currency was also little changed
        at $1.3348 per euro. The yen traded at 129.92 per euro from
        129.97 yesterday.

        ◾GBP/USD The pound headed for a second
        weekly gain versus the dollar and the euro after data added
        to signs the U.K. economy is strengthening.

        ◾The pound slid 0.1 percent to $1.5626 at 7:39 a.m. London
        time after appreciating to $1.5652 yesterday, the highest since
        June 19. It has gained 0.8 percent this week. The U.K. currency
        was little changed at 85.35 pence per euro after reaching 85.05
        pence yesterday, the strongest since July 3. It has appreciated
        0.8 percent since Aug. 9.

        ◾USD/CAD Canada’s dollar gained the most this week as speculation the Federal Reserve will begin slowing stimulus as soon as September weighed on demand for assets denominated in the U.S. currency.

        ◾The loonie, as Canada’s currency is nicknamed for the image
        of the aquatic bird on the C$1 coin, appreciated 0.4 percent,
        the most on a closing basis since Aug. 9, to C$1.0306 per U.S.
        dollar at 5 p.m. in Toronto. It declined earlier to C$1.0364
        after touching C$1.0370 yesterday, the weakest since Aug. 8. One
        loonie buys 97.03 U.S. cents



        Commodities

        ◾Oil West Texas Intermediate crude traded
        near the highest price in two weeks as an escalating conflict in
        Egypt fanned concern that oil shipments through the country may
        be disrupted.

        ◾WTI for September delivery was at $107.39 a barrel in electronic trading on the New York Mercantile Exchange, up 6 cents at 3 p.m. Singapore time. The volume of all futures traded was 26 percent below the 100-day average. The contract ended yesterday’s session at $107.33, the highest close since Aug. 1. Prices have advanced 1.3 percent this week.

        ◾Brent for October settlement increased 3 cents to $109.63 a
        barrel on the London-based ICE Futures Europe exchange. The
        September contract expired yesterday after climbing 91 cents to
        $111.11, the highest since March 7. The front-month European
        benchmark crude was at a premium of $2.54 to WTI futures. The
        spread widened for a fourth day yesterday to $3.78.

        ◾Gold traded near a two-month high,
        set for the best week in five, on signs of increased physical
        demand and as sales from exchange-traded products slowed. Silver
        was set for the best week since October 2011.

        ◾Spot gold rose as much as 0.5 percent to $1,372.97 an ounce,
        the highest since June 19, and traded at $1,364.55 at 2:05 p.m.
        in Singapore. Silver was little changed at $23.01 an ounce after
        yesterday rising more than 20 percent from a 34-month low on
        June 27 to meet the common definition of a bull market.



        Equities

        ◾Asian stocks fell as investors shied away from riskier assets after an unexpected drop in U.S. jobless claims fueled speculation the Federal Reserve will cut stimulus next month. Chinese shares reversed the biggest intraday surge since March 2009.

        ◾The MSCI Asia Pacific Index slid 0.5 percent to 134.23 as of 2:20 p.m. in Hong Kong, with all 10 industry groups on the gauge retreating. More than two shares dropped for each that rose. The measure is on course for a 0.2 percent gain this week.

        ◾European stocks were little changed,
        after the Stoxx Europe 600 Index dropped the most in more than
        five weeks yesterday, as investors awaited reports on the U.S.
        housing market. U.S. futures rose, while Asian shares fell.

        ◾The Stoxx 600 slipped 0.2 percent to 304.85 at 8:38 a.m. in London, extending its decline this week to 0.3 percent. Standard & Poor’s 500 Index futures added 0.3 percent, while the MSCI Asia Pacific Index retreated 0.2 percent.

        ◾U.S stocks fell the most since June as forecasts from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data pushed bond yields higher amid concern the Federal Reserve will reduce stimulus. ◾The Standard & Poor’s 500 Index slipped 1.4 percent, the most since June 20, to 1,661.32 at 4 p.m. in New York. The Dow Jones Industrial Average dropped 225.47 points, or 1.5 percent, to 15,112.19, the lowest level since July 3. About 6.6 billion shares exchanged hands on U.S. exchanges today, 4.5 percent above the three-month average. Treasury yields rose to the highest levels in two years.

        Comment


        • #5
          Daily Market Outlook from ACFX 08/19/2013


          Currencies

          ◾EUR/USD The euro was 0.4 percent from a one-week high against its U.S. peer before German data this week
          that analysts predict may show the currency bloc’s largest
          economy is gaining momentum

          ◾The euro bought $1.3324 as of 1:28 p.m. in Tokyo from $1.3329 at the end of last week, when it touched $1.3380, the strongest level since Aug. 9. The currency was little changed at 130.01 yen. The dollar added 0.1 percent to 97.58 yen, after earlier strengthening as much as 0.3 percent.

          ◾AUD/USD Australia’s dollar rose to a three-week high on speculation minutes tomorrow of the Reserve Bank’s meeting this month will signal the central bank is in no hurry to cut interest rates.

          ◾The Australian currency gained 0.3 percent to 92.15 U.S.
          cents as of 2:30 p.m. in Sydney from Aug. 16, after touching
          92.33, the highest since July 29. New Zealand’s dollar gained
          0.2 percent to 81.20 U.S. cents, after touching 81.29, the
          strongest since June 14.




          Commodities

          ◾Oil West Texas Intermediate oil swung between gains and losses near a two-week high. Goldman Sachs Group Inc. raised its price forecasts for Brent, citing supply disruptions in Libya and Iraq.

          ◾WTI for September delivery, which expires tomorrow, climbed 9 cents to $107.55 a barrel in electronic trading on the New York Mercantile Exchange at 12:20 p.m. Singapore time. The volume of all futures traded was about 3 percent above the 100-day average. The contract ended the session at $107.46 on Aug. 16, the highest close since Aug. 1. The more active October future was up 7 cents at $107.36.

          ◾Brent for October settlement increased 8 cents to $110.48 a
          barrel on the London-based ICE Futures Europe exchange. It was
          at a premium of $3.12 to WTI. The spread narrowed for the first
          time in a week on Aug. 16 to $3.11.

          ◾Gold rose to a two-month high after
          holdings in the largest exchange-traded product posted the first
          weekly expansion this year. Silver headed for the longest rally
          since March 2008.

          ◾Spot gold gained as much as 0.6 percent to $1,384.55 an ounce, the highest since June 18, and traded at $1,382.45 at 10:05 a.m. in Singapore. Silver added 1.6 percent to $23.6225 an ounce, the highest since May 14, after entering a bull market last week



          Equities

          ◾Asian stocks fell for a third day as a retreat in emerging markets dragged the
          regional benchmark gauge to its lowest level in a week. Japan’s
          Topix index swung from losses to gains amid low trading volumes.

          ◾The MSCI Asia Pacific excluding Japan Index fell 0.5 percent to 444.56 as of 12:30 p.m. in Hong Kong. Seven of the 10 industry groups on the gauge dropped. The measure has lagged an increase in U.S. stocks this year as growth slows in China and speculation that the Federal Reserve will curb U.S. bond buying spurred investors to sell assets perceived as riskier across Asia and emerging markets. The Federal Open Market Committee’s July meeting minutes are scheduled to be released on Aug. 21.

          ◾European stocks advanced for a third straight week as data showing the euro area emerged from the longest recession on record outweighed speculation the Federal Reserve will trim monetary stimulus.

          ◾The benchmark Stoxx Europe 600 Index increased 0.1 percent to 306.36 this past week, extending its 2013 advance to 9.5 percent. The Euro Stoxx 50 Index added 1 percent for a sixth week of gains. Gross domestic product in the 17-nation euro area expanded 0.3 percent in the second quarter after a six straight periods of contraction

          ◾U.S stocks Investors are favoring U.S. stocks over emerging markets by the most
          ever as fund flows and volatility measures show institutions are
          increasingly seeking the relative safety of American equities.

          ◾The S&P 500 slid 2.1 percent to 1,655.83 last week, paring its gain
          this year to 16 percent, as data on rising retail sales, subdued
          inflation and a drop in jobless claims fueled speculation the Fed will
          cut monetary stimulus, known as quantitative easing. The central bank
          will probably reduce the $85 billion in monthly bond purchases next
          month

          Comment


          • #6
            Daily Market Outlook from ACFX 08/21/2013


            Important Financial Indicators of the day


            USD - 17:00 (GMT) - Existing Home Sales - Forecast 5.15M - Previous 5.08M
            USD - 21:00 (GMT) - FOMC Meeting Minutes


            Currencies

            ◾EUR/USD The dollar rose versus its Asia-Pacific counterparts as investors await the release today of
            minutes from the Federal Reserve’s last meeting for signals on
            when it may curtail monetary stimulus.

            ◾The euro bought $1.3422 from $1.3417 yesterday, when it
            reached $1.3452, the highest since Feb. 14. It was little
            changed at 130.52 yen.

            ◾GBP/USD The British pound is reversing its
            best monthly gain in a year against the Swiss franc as trading
            patterns suggest its rise was too much, too soon.

            ◾The pound has climbed 2.8 percent in August versus a basket of 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes, the biggest monthly gain since September 2011, as unemployment requests dropped more in July than economists forecast. Sterling bears view the data strength as temporary with the Bank of England remaining prepared to loosen monetary policy.

            ◾USD/CAD The Canadian dollar fell to the lowest in almost two weeks as oil, the nation’s biggest export, slid amid bets the Federal Reserve will slow monetary stimulus that has fueled demand for riskier assets as soon as next month. ◾The loonie, as Canada’s currency is nicknamed for the image of the aquatic bird on the C$1 coin, depreciated for a third day, losing 0.5 percent to C$1.0392 per U.S. dollar at 5 p.m. in Toronto. It touched C$1.0401, the weakest level since Aug. 8. One Canadian dollar buys 96.23 U.S. cents.



            Commodities

            ◾Oil West Texas Intermediate crude swung
            between gains and losses after declining the most in two months
            yesterday amid speculation the Federal Reserve will taper
            economic stimulus. Industry data showed U.S. supplies fell.

            ◾WTI for October delivery was at $104.90 a barrel, down 21
            cents, in electronic trading on the New York Mercantile Exchange
            at 12:35 p.m. Singapore time. The volume of all futures traded
            was about 29 percent below the 100-day average. The September
            contract expired at $104.96 yesterday after losing 2 percent,
            the most since June 20.

            ◾Brent for October settlement slid 35 cents to $109.80 a
            barrel on the London-based ICE Futures Europe exchange. The
            European benchmark crude was at a premium of $4.90 to WTI. The
            spread was $5.04 yesterday, the widest since June 28.

            ◾Gold fluctuated between gains and
            losses before the U.S. Federal Reserve releases minutes from its
            last meeting, which may provide clues on whether the pace of
            stimulus will be slowed amid signs of increased bullion demand.

            ◾Spot gold gained and fell at least 0.3 percent, and was up
            45 cents at $1,371.62 an ounce at 11:30 a.m. in Singapore.
            Prices rose to a two-month high of $1,384.55 on Aug. 19. Assets
            in the biggest exchange-traded product expanded for the fourth
            time this month, while the volume for Shanghai’s benchmark spot
            contract climbed to the highest in more than two weeks.



            Equities

            ◾Asian stocks index fell for a fifth day to trade at the lowest level in six weeks before the release of minutes of the Federal Reserve’s July meeting.

            ◾The MSCI Asia Pacific Index dropped 0.7 percent to 130.68
            as of 12:20 p.m. in Hong Kong, with all 10 industry groups on
            the gauge falling. The measure fell 3.3 percent in the past four
            days to the lowest closing level since July 9.

            ◾European stocks fell for a second day, following Asian shares lower, amid speculation the Federal Reserve will curb its bond-buying program as soon as next month. ◾The Stoxx Europe 600 Index lost 0.8 percent to 302.25 at the close of trading, its lowest level since July 31. The equity benchmark has fallen 2.7 percent from its peak this year on May 22 as Fed Chairman Ben S. Bernanke said the U.S. central bank could pare stimulus measures if the economy improves in line with its forecasts.

            ◾U.S stocks rose, with the Standard & Poor’s 500 snapping a four-day losing
            streak, as retailers’ results surpassed estimates and investors awaited
            signals on stimulus measures from the Federal Reserve.

            ◾The S&P 500 rose 0.4 percent to 1,652.35 at 4 p.m. in New York. The
            Dow Jones Industrial Average fell 7.75 points, or less than 0.1 percent,
            to 15,002.99, erasing earlier gains of as much as 0.4 percent. Almost
            5.3 billion shares changed hands on U.S. exchanges today, 16 percent
            below the three-month average, as more than three stocks rose for each
            that fell.

            Comment


            • #7
              Daily Market Outlook from ACFX 08/22/2013


              Important Financial Indicators of the day


              EUR - 10:00 (GMT) - French Flash Manufacturing PMI - Forecast 50.4 - Previous 49.7
              EUR - 10:30 (GMT) - German Flash Manufacturing PMI - Forecast -51.1 - Previous 50.7
              USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.1% - Previous 1.2%
              USD - 15:30 (GMT) - Unemployment Claims - Forecast329K - Previous 320K


              Currencies

              ◾EUR/USD The dollar advanced versus most of
              its major counterparts before housing and employment data that
              may signal continued recovery in the U.S., boosting the case for
              a reduction in central bank stimulus.

              ◾The dollar added 0.5 percent to 98.17 yen as of 1:31 p.m. in Tokyo. It gained 0.1 percent to $1.3340 per euro after climbing 0.5 percent yesterday. Europe’s shared currency bought 130.96 yen, 0.4 percent stronger than the close in New York

              ◾AUD/USD Australia’s dollar rallied against
              all 16 major peers after a private report showed China’s
              manufacturing expanded for the first time in four months,
              boosting trade prospects.

              ◾Australia’s currency gained 0.3 percent to 89.93 U.S. cents
              at 3:23 p.m. in Sydney after falling 2.4 percent in the previous
              three sessions. The Aussie added 0.4 percent to NZ$1.1473 after
              touching NZ$1.1483, the highest since Aug. 5. New Zealand’s
              dollar was little changed at 78.43 U.S. cents.

              ◾USD/CAD The Canadian dollar dropped to a
              six-week low after after Federal Reserve meeting minutes showed
              officials in broad agreement to start tapering bond purchases
              later this year.

              ◾The loonie, as Canada’s currency is nicknamed for the image
              of the aquatic bird on the C$1 coin, depreciated 0.8 percent to
              C$1.0474 per U.S. dollar at 5 p.m. in Toronto after touching
              C$1.0483, the weakest level since July 10. One Canadian dollar
              buys 95.48 U.S. cents.



              Commodities

              ◾Oil West Texas Intermediate crude traded
              near the lowest level in almost two weeks as signs that the U.S.
              will taper economic stimulus this year raised speculation oil
              demand may falter in the world’s biggest consumer.

              ◾WTI for October delivery was at $103.60 a barrel, down 25 cents, in electronic trading on the New York Mercantile Exchange at 9:54 a.m. Sydney time. The volume of all futures traded was about 67 percent below the 100-day average. The contract slid $1.26 to $103.85 yesterday, the lowest close since Aug. 8.

              ◾Brent for October settlement fell 34 cents, or 0.3 percent,
              to $109.81 a barrel on the London-based ICE Futures Europe
              exchange yesterday. The European benchmark crude ended the
              session at a premium of $5.96 to WTI futures, the widest gap
              since June 26.

              ◾Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting, which reinforced expectations that stimulus will be tapered, against an unexpected increase in China’s manufacturing.

              ◾Spot gold fell as much as 0.8 percent to $1,355.30 an ounce,
              before trading 0.2 percent lower at $1,364.49 at 10:40 a.m. in
              Singapore. Prices fell 0.3 percent yesterday after the minutes
              of the July meeting showed policy makers were comfortable with a
              plan to start reducing bond buying later this year if the
              economy improves, with a few saying tapering may be needed soon.



              Equities

              ◾Asian stocks fell, with the regional
              gauge close to wiping out all this year’s gains, as it heads for
              its longest losing streak since November, after Federal Reserve
              minutes showed officials support stimulus cuts this year.

              ◾The MSCI Asia Pacific Index dropped 0.9 percent to 129.45 as of 2:20 p.m. in Tokyo, less than 0.1 percent away from wiping out this year’s gains. About two stocks declined for each that rose as all 10 industry groups fell on the measure.

              ◾European stocks posted their longest losing streak in eight weeks amid speculation that the minutes of the Federal Reserve’s July meeting will give further details of when the central bank will slow its monthly bond purchases.

              ◾The Stoxx Europe 600 Index slipped 0.5 percent to 300.61 at the close of trading, extending its lowest level since July 31. The gauge has fallen 3.2 percent from this year’s high on May 22 as speculation mounted that the Fed will start to slow the pace of its quantitative-easing program next month.

              ◾U.S stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts this year if the economy improves.

              ◾The Standard & Poor’s 500 Index (SPX) lost 0.6 percent to 1,642.80 at 4 p.m. in New York, the lowest since July 8. The Dow dropped 105.44 points, or 0.7 percent, to 14,897.55. The measure retreated for a sixth day, the longest losing streak since July 2012. About 5.6 billion shares changed hands on U.S. exchanges today, 11 percent below the three-month average.

              Comment


              • #8
                Daily Market Outlook from ACFX 08/23/2013



                Important Financial Indicators of the day

                Forecast

                Previous

                EUR - 10:00 (GMT) - French Flash Manufacturing PMI - Forecast 50.4 - Previous 49.7
                EUR - 10:30 (GMT) - German Flash Manufacturing PMI - Forecast 51.1 - Previous 50.7
                USD - 15:30 (GMT) - Core Retail Sales m/m - Forecast 0.1% - Previous 1.2%
                USD - 15:30 (GMT) - Unemployment Claims - Forecast 329K - Previous 320K


                Currencies

                ◾EUR/USD The dollar advanced versus most of
                its major counterparts before housing and employment data that
                may signal continued recovery in the U.S., boosting the case for
                a reduction in central bank stimulus.

                ◾The dollar added 0.5 percent to 98.17 yen as of 1:31 p.m. in Tokyo.
                It gained 0.1 percent to $1.3340 per euro after climbing 0.5 percent yesterday.
                Europe’s shared currency bought 130.96 yen, 0.4 percent stronger than the close in New York

                ◾AUD/USD Australia’s dollar rallied against
                all 16 major peers after a private report showed China’s
                manufacturing expanded for the first time in four months,
                boosting trade prospects.

                ◾Australia’s currency gained 0.3 percent to 89.93 U.S. cents
                at 3:23 p.m. in Sydney after falling 2.4 percent in the previous
                three sessions. The Aussie added 0.4 percent to NZ$1.1473 after
                touching NZ$1.1483, the highest since Aug. 5. New Zealand’s
                dollar was little changed at 78.43 U.S. cents.

                ◾USD/CAD The Canadian dollar dropped to a
                six-week low after after Federal Reserve meeting minutes showed
                officials in broad agreement to start tapering bond purchases
                later this year.

                ◾The loonie, as Canada’s currency is nicknamed for the image
                of the aquatic bird on the C$1 coin, depreciated 0.8 percent to
                C$1.0474 per U.S. dollar at 5 p.m. in Toronto after touching
                C$1.0483, the weakest level since July 10. One Canadian dollar
                buys 95.48 U.S. cents.



                Commodities

                ◾Oil West Texas Intermediate crude traded
                near the lowest level in almost two weeks as signs that the U.S.
                will taper economic stimulus this year raised speculation oil
                demand may falter in the world’s biggest consumer.

                ◾WTI for October delivery was at $103.60 a barrel, down 25 cents,
                in electronic trading on the New York Mercantile Exchange at 9:54 a.m. Sydney time.
                The volume of all futures traded was about 67 percent below the 100-day average.
                The contract slid $1.26 to $103.85 yesterday, the lowest close since Aug. 8.

                ◾Brent for October settlement fell 34 cents, or 0.3 percent,
                to $109.81 a barrel on the London-based ICE Futures Europe
                exchange yesterday. The European benchmark crude ended the
                session at a premium of $5.96 to WTI futures, the widest gap
                since June 26.

                ◾Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting,
                which reinforced expectations that stimulus will be tapered,
                against an unexpected increase in China’s manufacturing.

                ◾Spot gold fell as much as 0.8 percent to $1,355.30 an ounce,
                before trading 0.2 percent lower at $1,364.49 at 10:40 a.m.
                in Singapore. Prices fell 0.3 percent yesterday after the minutes
                of the July meeting showed policy makers were comfortable with a
                plan to start reducing bond buying later this year if the
                economy improves, with a few saying tapering may be needed soon.


                Equities

                ◾Asian stocks fell, with the regional
                gauge close to wiping out all this year’s gains, as it heads for
                its longest losing streak since November, after Federal Reserve
                minutes showed officials support stimulus cuts this year.

                ◾The MSCI Asia Pacific Index dropped 0.9 percent to 129.45 as of 2:20 p.m. in Tokyo,
                less than 0.1 percent away from wiping out this year’s gains.
                About two stocks declined for each that rose as all 10 industry groups fell on the measure.

                ◾European stocks posted their longest losing streak in eight weeks amid speculation
                that the minutes of the Federal Reserve’s July meeting will give further details of when
                the central bank will slow its monthly bond purchases.

                ◾The Stoxx Europe 600 Index slipped 0.5 percent to 300.61 at the close of trading,
                extending its lowest level since July 31. The gauge has fallen 3.2 percent from
                this year’s high on May 22 as speculation mounted that the Fed will start to slow
                the pace of its quantitative-easing program next month.

                ◾U.S stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months,
                as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts
                this year if the economy improves.

                ◾The Standard & Poor’s 500 Index (SPX) lost 0.6 percent to 1,642.80 at 4 p.m. in New York,
                the lowest since July 8. The Dow dropped 105.44 points, or 0.7 percent, to 14,897.55.
                The measure retreated for a sixth day, the longest losing streak since July 2012.
                About 5.6 billion shares changed hands on U.S. exchanges today, 11 percent below the three-month average.

                Comment


                • #9
                  Daily Market Outlook from ACFX 08/26/2013


                  Important Financial Indicators of the day

                  USD - 15:30 (GMT) - Core Durable Good Orders m/m - Forecast 0.6% - Previous -0.1%


                  Currencies

                  ◾EUR/USD The dollar maintained a weekly
                  decline against the euro as investors speculated over whether
                  the U.S. economy is strong enough to support a reduction in
                  Federal Reserve stimulus next month.

                  ◾The dollar was little changed at $1.3381 per euro as of
                  2:04 p.m. in Tokyo from Aug. 23, when it completed a 0.4 percent
                  weekly loss. It traded at 98.60 yen from 98.72 at the end of
                  last week. The euro was at 131.94 yen, after reaching 132.43 on
                  Aug. 23, the most since July 25.

                  ◾AUD/USD Australian government bonds rose along with the currency,
                  as investors weigh the U.S. central bank’s timing for tapering stimulus
                  that has supported higher-yielding assets globally.

                  ◾Australia’s 10-year government bond yield dropped four
                  basis points, or 0.04 percentage point, to 4.01 percent as of
                  2:13 p.m. in Sydney. The rate on sovereign debt due in two years
                  fell one basis point to 2.51 percent. The nation’s currency
                  added 0.1 percent to 90.40 U.S. cents after gaining 0.7 percent
                  in the two days ended Aug. 23.

                  ◾USD/CAD Canada’s dollar lost the most in more than two months as wholesale
                  and retail sales fell and consumer-price gains stayed below the central bank’s
                  inflation target for a 15th month, fueling concern the economy is slowing.

                  ◾Canada’s currency depreciated 1.5 percent to C$1.0496 per
                  U.S. dollar this week in Toronto, the biggest drop since the
                  five days ended June 21. It touched C$1.0568 yesterday, the
                  weakest since July 9. One Canadian dollar buys 95.27 U.S. cents.



                  Commodities

                  ◾Oil West Texas Intermediate crude rose for a third day as speculation the Federal Reserve
                  will maintain economic stimulus boosted the demand outlook in the world’s
                  biggest oil user. Brent’s premium to WTI narrowed.

                  ◾WTI for October delivery climbed as much as 95 cents to $107.37 a barrel in
                  electronic trading on the New York Mercantile Exchange and was at $107.02
                  at 1:57 p.m. Sydney time. The contract climbed 1.3 percent to $106.42 on Aug. 23,
                  the biggest gain since Aug. 9.

                  ◾Brent for October settlement advanced 26 cents to $111.30 a
                  barrel on the London-based ICE Futures Europe exchange. The
                  European benchmark crude was at a premium of $4.27 to WTI, down
                  from $4.62 on Aug. 23.

                  ◾Gold swung between gains and losses after climbing to the highest level since
                  June as investors weighed the outlook for stimulus in the U.S., with a
                  slump in new-home sales boosting the case for sustained debt-buying.

                  ◾Bullion for immediate delivery rose as much as 0.7 percent to $1,407.18 an ounce,
                  the highest since June 7, before trading 0.2 percent lower at $1,395.64 at 11:23 a.m. in Singapore.
                  Gold for December delivery rose as much as 0.8 percent to $1,407
                  an ounce on the Comex, also the highest since June 7.



                  Equities
                  ◾Asian stocks rose for a second day after a slump in U.S. home sales eased speculation the Federal Reserve will reduce economic stimulus next month. ◾The MSCI Asia Pacific Index advanced 0.3 percent to 131.80
                  as of 1:42 p.m. in Tokyo, with all of the 10 industry groups on
                  the gauge rising.

                  Comment


                  • #10
                    Daily Market Outlook from ACFX 08/27/2013

                    Daily Market Outlook from ACFX 08/27/2013


                    Important Financial Indicators of the day

                    USD - 15:30 (GMT) - Core Durable Good Orders m/m - Forecast 0.6% - Previous -0.1%


                    Currencies

                    ◾EUR/USD The dollar maintained a weekly
                    decline against the euro as investors speculated over whether
                    the U.S. economy is strong enough to support a reduction in
                    Federal Reserve stimulus next month.

                    ◾The dollar was little changed at $1.3381 per euro as of
                    2:04 p.m. in Tokyo from Aug. 23, when it completed a 0.4 percent
                    weekly loss. It traded at 98.60 yen from 98.72 at the end of
                    last week. The euro was at 131.94 yen, after reaching 132.43 on
                    Aug. 23, the most since July 25.

                    ◾AUD/USD Australian government bonds rose along with the currency, as investors
                    weigh the U.S. central bank’s timing for tapering stimulus that
                    has supported higher-yielding assets globally.

                    ◾Australia’s 10-year government bond yield dropped four
                    basis points, or 0.04 percentage point, to 4.01 percent as of
                    2:13 p.m. in Sydney. The rate on sovereign debt due in two years
                    fell one basis point to 2.51 percent. The nation’s currency
                    added 0.1 percent to 90.40 U.S. cents after gaining 0.7 percent
                    in the two days ended Aug. 23.

                    ◾USD/CAD Canada’s dollar lost the most in more than two months as wholesale
                    and retail sales fell and consumer-price gains stayed below the central bank’s inflation
                    target for a 15th month, fueling concern the economy is slowing.

                    ◾Canada’s currency depreciated 1.5 percent to C$1.0496 per
                    U.S. dollar this week in Toronto, the biggest drop since the
                    five days ended June 21. It touched C$1.0568 yesterday, the
                    weakest since July 9. One Canadian dollar buys 95.27 U.S. cents.



                    Commodities

                    ◾Oil West Texas Intermediate crude rose for a third day as speculation the Federal Reserve
                    will maintain economic stimulus boosted the demand outlook in the world’s
                    biggest oil user. Brent’s premium to WTI narrowed.

                    ◾WTI for October delivery climbed as much as 95 cents to $107.37 a barrel in
                    electronic trading on the New York Mercantile Exchange and was at $107.02
                    at 1:57 p.m. Sydney time. The contract climbed 1.3 percent to $106.42 on Aug. 23,
                    the biggest gain since Aug. 9.

                    ◾Brent for October settlement advanced 26 cents to $111.30 a
                    barrel on the London-based ICE Futures Europe exchange. The
                    European benchmark crude was at a premium of $4.27 to WTI, down
                    from $4.62 on Aug. 23.

                    ◾Gold swung between gains and losses after climbing to the highest level since
                    June as investors weighed the outlook for stimulus in the U.S., with a
                    slump in new-home sales boosting the case for sustained debt-buying.

                    ◾Bullion for immediate delivery rose as much as 0.7 percent to $1,407.18 an ounce,
                    the highest since June 7, before trading 0.2 percent lower at $1,395.64 at 11:23 a.m.
                    in Singapore. Gold for December delivery rose as much as 0.8 percent to $1,407 an ounce
                    on the Comex, also the highest since June 7.



                    Equities

                    ◾Asian stocks rose for a second day after a slump in U.S. home sales eased speculation
                    the Federal Reserve will reduce economic stimulus next month.

                    ◾The MSCI Asia Pacific Index advanced 0.3 percent to 131.80
                    as of 1:42 p.m. in Tokyo, with all of the 10 industry groups on
                    the gauge rising.

                    Comment


                    • #11
                      Daily Market Outlook from ACFX 08/28/2013



                      Important Financial Indicators of the day


                      GBP - 14:45 (GMT) - BOE Gov Carney Speaks
                      USD - 17:00 (GMT) - Pending Home Sales m/m - Forecast 0.2% - Previous -0.4%


                      Currencies

                      ◾USD/JPY The yen held its biggest gains in 2
                      1/2 months against the dollar and euro as traders sought haven
                      investments amid escalating tension in Syria.

                      ◾The yen was little changed at 97.06 per dollar at 1:55 p.m.
                      in Tokyo from yesterday when it rallied 1.5 percent, the most
                      since June 11. It touched 96.82, the strongest since Aug. 12.
                      Japan’s currency gained 0.1 percent to 129.83 per euro after
                      rising 1.3 percent yesterday, the most since June 14.

                      ◾USD/CAD Canada’s dollar advanced from almost a seven-week low after crude oil,
                      the nation’s biggest export, climbed to the highest level since July on
                      speculation tension in Syria will disrupt Middle East supplies.

                      ◾The loonie, nicknamed for the image of the aquatic bird on the C$1 coin,
                      appreciated 0.3 percent to C$1.0474 per U.S. dollar at 5 p.m. in Toronto
                      after touching 1.0472, the strongest since Aug. 22. It lost as much as
                      0.4 percent earlier to C$1.0540 after touching C$1.0568 on Aug. 23,
                      the weakest since July 9. One Canadian dollar buys 95.48 U.S. cents.



                      Commodities

                      ◾Oil West Texas Intermediate crude surged to the highest price since May 2011
                      on concern that conflict in Syria may spread and threaten oil supplies from the Middle East.

                      ◾WTI for October delivery rose as much as $3.11 to $112.12 a
                      barrel in electronic trading on the New York Mercantile
                      Exchange, the highest intraday price since May 3, 2011. It was
                      at $112.03 at 2:47 p.m. Sydney time. The volume of all futures
                      traded was about 340 percent above the 100-day average. The
                      contract increased $3.09 to $109.01 yesterday, the highest close
                      since Feb. 24 last year. Prices are up 22 percent in 2013.

                      ◾Brent for October settlement advanced as much as $2.87, or
                      2.5 percent, to $117.23 a barrel on the London-based ICE Futures
                      Europe exchange after settling yesterday at the highest since
                      Feb. 25. The European benchmark crude was at a premium of $5.07
                      to WTI from $5.35 yesterday.

                      ◾Gold traded near the highest level since May after a four-day rally
                      as speculation that the U.S. may lead military strikes against Syria within days
                      spurred investors’ demand for a haven. Silver and platinum advanced.

                      ◾Bullion for immediate delivery rose as much as 0.3 percent to $1,419.55
                      an ounce and was at $1,417.17 at 11:38 a.m. in Singapore. Prices climbed
                      to $1,423.95 yesterday, the highest since May 15. Gold for December delivery
                      declined 0.2 percent to $1,417 an ounce on the Comex after rising 2 percent yesterday.



                      Equities

                      ◾Asian stocks slumped, with the
                      regional benchmark index heading for the lowest close in two
                      months, on concern the U.S. will take military action against
                      Syria for using chemical weapons.

                      ◾The MSCI Asia Pacific Index dropped 1.9 percent to 128.72
                      as of 12:51 p.m. in Tokyo, heading for the lowest close since
                      June 27 as more than eight shares fell for each that rose. The
                      gauge is on course for its eighth decline in 10 days as the
                      prospect of the Federal Reserve paring stimulus as soon as next
                      month spurs investors to shun riskier assets.

                      ◾European stocks slid the most in nine weeks after U.S. Secretary
                      of State John Kerry said the Obama administration will hold Syria accountable
                      for using chemical weapons against its own people.

                      ◾The Stoxx 600 slid 1.8 percent to 299.01 at the close in London. The equity
                      benchmark has still rallied 8.5 percent from this year’s low on June 24 as
                      the European Central Bank said that interest rates will remain low for an extended period.

                      Comment


                      • #12
                        Daily Market Outlook from ACFX 08/29/2013



                        Important Financial Indicators of the day

                        USD - 15:30 (GMT) - Prelim GDP q/q - Forecast 2.2% - Previous1.7%
                        USD - 15:30 (GMT) - Unemployment Claims - Forecast 330K - Previous336K


                        Currencies

                        ◾EUR/USD The dollar remained higher against the euro following its biggest
                        gain in a week before U.S. data that may show the economy grew faster than
                        initially estimated, adding to the case for the Federal Reserve to slow stimulus.

                        ◾The U.S. currency was little changed at $1.3325 per euro as of 2:06 p.m. in Tokyo
                        after strengthening 0.4 percent yesterday, the most since Aug. 21. The yen was little
                        changed at 97.66 per dollar and 130.14 per euro.

                        ◾USD/INR The rupee slumped 3.9 percent to 68.8450 per dollar in Mumbai yesterday,
                        the biggest drop since 1993, according to prices from local banks
                        compiled by Bloomberg. In an effort to stem the currency’s decline by
                        reducing spot demand, the central bank said yesterday it will sell
                        dollars to the nation’s biggest state-run crude oil importers through a
                        swap facility.

                        ◾India needs to immediately use its foreign exchange reserves to arrest the rupee’s record
                        plunge as the weakening currency has the potential to send the economy into a “nosedive,”
                        billionaire Adi India needs to immediately use its foreign exchange reserves to arrest
                        the rupee’s record plunge as the weakening currency has the potential to send
                        the economy into a “nosedive,” billionaire Adi Godrej said. rej said.

                        ◾Godrej’s remarks come after Prime Minister Manmohan Singh’s government on Aug. 26
                        won approval from the lower house of parliament for a landmark bill that expands
                        the world’s biggest food program. The plan involves spending about 1.25 trillion rupees
                        ($18 billion) in subsidies each year, potentially worsening a fiscal gap.

                        ◾GBP/USD The pound strengthened from the lowest level in three weeks against the euro
                        as Bank of England Governor Mark Carney failed to convince investors that the central bank
                        will keep interest rates at an all-time low.

                        ◾The pound strengthened 0.4 percent to 85.81 pence per euro at 4:24 p.m. London time,
                        after depreciating 0.4 percent to 86.52 pence, the weakest level since Aug. 7.
                        Sterling fell 0.1 percent to $1.5527 after dropping to $1.5429, the lowest since Aug. 14.

                        ◾USD/CAD The Canadian currency weakened as speculation America and its allies will take
                        military action against Syria boosted the U.S. dollar’s appeal as a haven.

                        ◾The loonie, nicknamed for the image of the aquatic bird on
                        the C$1 coin, depreciated as much as 0.4 percent, the most
                        compared with closing prices since Aug. 22, to C$1.0511 per U.S.
                        dollar before trading at C$1.0487 at 5 p.m. in Toronto, down 0.1
                        percent. One Canadian dollar buys 95.36 U.S. cents.



                        Commodities

                        ◾Oil West Texas Intermediate oil fell
                        from the highest settlement in more than two years, dropping for
                        the first time in three days. U.S. crude stockpiles increased by
                        2.99 million barrels last week, a government report showed.

                        ◾WTI for October delivery fell as much as 99 cents to $109.11 a barrel in electronic
                        trading on the New York Mercantile Exchange and was at $109.46 at 11:37 a.m. Singapore time.
                        The volume of all futures traded was about 20 percent below the 100-day average.
                        The contract climbed 1 percent to $110.10 yesterday, the highest close since May 3, 2011.

                        ◾Brent for October settlement slid as much as 91 cents, or
                        0.8 percent, to $115.70 a barrel on the London-based ICE Futures
                        Europe exchange after closing yesterday at the highest since
                        Feb. 19. The European benchmark crude was at a premium of $6.35
                        to WTI futures, down from $6.51 yesterday.

                        ◾Gold retreated from a three-month high spurred by tensions over Syria as
                        U.S. economic data may reinforce the case for the Federal Reserve to slow stimulus
                        and a technical indicator showed that prices were set to decline.

                        ◾Bullion for immediate delivery lost as much as 0.7 percent to $1,407.95 an ounce
                        was at $1,409.08 at 12:25 p.m. in Singapore, dropping for the first time in six days.
                        Prices rallied to $1,433.83 yesterday, the highest level since May 14, on concern
                        that the U.S. and its allies will launch a military strike against Syria
                        in retaliation for its alleged use of chemical weapons.



                        Equities

                        ◾Asian stocks Asia’s benchmark stock index rose from a two-month low as energy
                        shares increased after concern military action against Syria will disrupt global
                        oil supplies fueled gains in crude prices this week.

                        ◾The MSCI Asia Pacific Index rose 0.7 percent to 130.04 as of 2:23 p.m. in Tokyo,
                        with eight of the 10 industry groups gaining on the gauge, which yesterday
                        fell to the lowest close since June 27. The measure lost 2.4 percent this month through yesterday,
                        wiping out all its 2013 increases. Investors also are awaiting a report on U.S. economic growth
                        that may give signs on when the Federal Reserve will start paring stimulus.

                        ◾European stocks dropped to the lowest level in six weeks as concern grew that the U.S.
                        will take military action against Syria.

                        ◾The Stoxx Europe 600 Index lost 0.4 percent to 297.89 at the close of trading,
                        its lowest level since July 17. The gauge fell as much as 1.1 percent in intraday trading.
                        It has still advanced 8.1 percent since this year’s low on June 24 as the European
                        Central Bank pledged to keep interest rates low.

                        ◾U.S stocks rose, with the Standard & Poor’s 500 Index rebounding from an eight-week low,
                        as energy shares rallied and investors watched developments on Syria.

                        ◾The S&P 500 rose 0.3 percent to 1,634.96 at 4 p.m. in New York. The index closed just
                        short of its average level for the past 100 days of 1,638.27, after slipping below it yesterday
                        for the first time since June. The Dow Jones Industrial Average advanced
                        48.38 points, or 0.3 percent, to 14,824.51

                        Comment


                        • #13
                          Daily Market Outlook from ACFX 08/30/2013


                          Important Financial Indicators of the day

                          CAD - 15:30 (GMT) - GDP m/m - Forecast -0.4% - Previous 0.2%


                          Currencies

                          ◾EUR/USD The dollar reached the highest in four weeks against a basket of its
                          peers before data forecast to show U.S. consumer spending rose for a third month,
                          building the case for the Federal Reserve to reduce stimulus next month.

                          ◾The U.S. currency slipped 0.2 percent to 98.14 yen from
                          yesterday, when it advanced 0.7 percent, the most since Aug. 22.
                          The greenback slid 0.1 percent to $1.3248 per euro, following a
                          0.7 percent advance yesterday. The yen rose 0.2 percent to
                          130.01 per euro.

                          ◾GBP/USD The pound strengthened the most in
                          three weeks versus the euro as optimism Britain’s economic
                          growth is gathering pace boosted demand for the nation’s assets.

                          ◾The pound strengthened 0.7 percent to 85.36 pence per euro at 4:29 p.m. London time,
                          the biggest gain since Aug. 7. It advanced 0.3 percent yesterday after sliding to 86.52 pence,
                          the weakest level since Aug. 7. The U.K. currency declined 0.2 percent to $1.5494.

                          ◾USD/CAD Canada’s dollar fell to its lowest this week before a report tomorrow that may show
                          the nation’s economy shrank in June the most since 2009, while a gain in U.S. growth boosted
                          the case for that country to slow stimulus.

                          ◾The loonie, as Canada’s currency is nicknamed for the image
                          of the aquatic bird on the C$1 coin, depreciated 0.4 percent to
                          C$1.0532 per U.S. dollar at 5 p.m. in Toronto. It touched
                          C$1.0541, the weakest level since Aug. 23, and has lost 2.4
                          percent in August. One loonie buys 94.95 U.S. cents.



                          Commodities

                          ◾Oil West Texas Intermediate crude fell for a second day after U.K. lawmakers rejected
                          a motion for military action against Syria, reducing the prospect of an imminent
                          strike and easing concern that unrest will disrupt Middle East oil supplies.

                          ◾WTI for October delivery dropped as much as $2.05 to $106.75 a barrel in electronic trading
                          on the New York Mercantile Exchange and was at $107.64 at 2:40 p.m. Sydney time. The contract
                          lost 1.2 percent to $108.80 yesterday, declining from the highest close since May 2011.
                          Prices are up 2.5 percent in August, poised for a third monthly gain.

                          ◾Brent for October settlement decreased as much as $1.53, or
                          1.3 percent, to $113.63 a barrel on the London-based ICE Futures
                          Europe exchange. The European benchmark crude was at a premium
                          of $6.69 to WTI, from $6.36 yesterday.

                          ◾Gold swung between gains and losses as better-than-expected U.S. data backed the case for
                          the Federal Reserve to cut stimulus, while the U.S. may proceed with a strike against Syria
                          even after U.K. lawmakers rejected action

                          ◾Bullion for immediate delivery gained and lost as least 0.3 percent, before trading 0.1 percent
                          t higher at $1,409.74 an ounce at 11:56 a.m. in Singapore. Prices are heading for a second
                          monthly advance in the best run since September. Gold for December delivery dropped 0.3
                          percent to $1,409.40 an ounce on the Comex, paring a fourth weekly gain.



                          Equities

                          ◾Asian stocks swung between gains and
                          losses, with energy producers leading declines as the price of
                          oil fell after the U.K parliament voted against military strikes
                          on Syria. Japanese utilities rose.

                          ◾The MSCI Asia Pacific Index rose less than 0.1 percent to
                          129.85 as of 1:13 p.m. in Tokyo, having swung between gains of
                          as much as 0.5 percent and losses of 0.1 percent. The gauge is
                          down 1.2 percent this week, a second week of losses, while it
                          has dropped 1.8 percent this month.

                          ◾U.S stocks rose, sending the
                          Standard & Poor’s 500 Index higher for a second day, as data
                          showed the economy expanded at a faster pace in the second
                          quarter and concerns over Syria eased.

                          ◾The S&P 500 rose 0.2 percent to 1,638.17 at 4 p.m. in New
                          York, paring an earlier advance of as much as 0.7 percent. The
                          Dow Jones Industrial Average gained 16.44 points, or 0.1
                          percent, to 14,840.95.

                          Comment


                          • #14
                            Daily Market Outlook from ACFX 09/02/2013

                            Daily Market Outlook from ACFX 09/02/2013


                            Important Financial Indicators of the day

                            GBP - 11:30 (GMT) - Manufacturing PMI - Forecast 55.2 - Previous 54.6



                            Currencies

                            ◾USD/JPY The yen fell against all of its major peers after speculators added to bearish
                            bets on the currency and on signs Japan’s prime minister is making progress on policies
                            that have helped weaken the currency.

                            ◾The yen lost 0.5 percent to 98.64 per dollar as of 1:11 p.m. in Tokyo from the end
                            of last week, when it capped a 0.6 percent weekly gain. Japan’s currency weakened 0.4 percent
                            to 130.30 per euro from Aug. 30, when it reached 129.31, the strongest since Aug. 20.

                            ◾AUD/USD The Australian and New Zealand dollars rallied from losses last week after Chinese
                            government data showed manufacturing reached a 16-month high, bolstering the outlook for
                            exports from both South Pacific nations.

                            ◾Australia’s dollar rose 0.8 percent to 89.68 U.S. cents as of 2:40 p.m. in Sydney after touching
                            88.93 on Aug. 30, matching the least since Aug. 5. It gained 1.2 percent to 88.44 yen

                            ◾USD/CAD The Canadian currency fell for a third week as the possibility of a U.S. military strike
                            against Syria damped appetite for riskier assets and burnished the haven appeal of the U.S. dollar.

                            ◾The loonie, as Canada’s dollar is nicknamed for the image of the aquatic bird on the C$1 coin,
                            lost 0.4 percent this week and dropped 2.5 percent this month.



                            Commodities

                            ◾Oil West Texas Intermediate crude fell for a third day after President Barack Obama said he’ll seek
                            authorization from Congress before ordering military action against Syria, easing concern that
                            an imminent strike would disrupt Middle East oil exports.

                            ◾WTI for October delivery slid as much as $3.44 to $104.21 a barrel in electronic trading on the New York
                            Mercantile Exchange and was at $106.11 at 2 p.m. Sydney time. The volume of all futures traded was
                            almost double the 100-day average. The contract rose 1.2 percent last week and 2.5 percent in August,
                            a third monthly gain.

                            ◾Brent for October settlement decreased as much as $1.81, or 1.6 percent, to $112.20 a barrel on
                            the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium
                            of $6.89 to WTI futures, from $6.36 on Aug. 30.

                            ◾Gold fell as prospects for an attack against Syria receded, and on bets the U.S. Federal Reserve will
                            start to pare stimulus as the economy improves. Silver halted a three-day drop as manufacturing in China
                            sustained an expansion.

                            ◾Spot gold lost as much as 1.6 percent to $1,373.38 an ounce, falling for a third day to the lowest level
                            since Aug. 23. It traded at $1,389.79 at 9:54 a.m. in Singapore. Prices have retreated since reaching
                            a three-month high of $1,433.83 on Aug. 28 as improving data supported the case for the Fed to start
                            reducing the $85 billion in monthly asset purchases this month.



                            Equities
                            ◾Asian stocks gained for a third day after a gauge of China’s manufacturing rose to a 16-month high,
                            boosting investor confidence in the global economic recovery.

                            ◾The MSCI Asia Pacific Index advanced 0.8 percent to 131.25 as of 11:44 a.m. in Hong Kong. Almost
                            two shares climbed for each that declined. The measure fell 1.6 percent in August, the third drop I
                            n four months. The gauge rose 0.6 percent this year through Aug. 30, lagging a 15 percent surge
                            in the Standard & Poor’s 500 Index as investors sold assets across the region on expectations
                            the Federal Reserve will taper U.S. economic stimulus this month.

                            Comment


                            • #15
                              Daily Market Outlook from ACFX 09/03/2013

                              Daily Market Outlook from ACFX 09/03/2013


                              Important Financial Indicators of the day

                              GBP - 11:30 (GMT) - Construction PMI - Forecast 58.4 - Previous 57.0
                              USD - 17:00 (GMT) - ISM Manufacturing PMI - Forecast 54.2 - Previous 55.4


                              Currencies

                              ◾USD/JPY The yen touched a one-month low as signs of economic
                              improvement across the globe damped demand for refuge assets while data
                              from Japan signaled progress in the central bank’s easing efforts.

                              ◾The yen slid 0.1 percent to 99.45 per dollar as of 6:08 a.m. in London after
                              touching 99.70, the weakest since Aug. 2. It bought 131.16 per euro from
                              131.04 yesterday, when it dropped 1 percent. The dollar fetched $1.3193
                              per euro from $1.3192.

                              ◾AUD/USD The yen slid 0.1 percent to 99.45 per dollar as of 6:08 a.m.
                              in London after touching 99.70, the weakest since Aug. 2. It bought 131.16
                              per euro Foreign ownership of Australian government securities rose last quarter
                              from a three-year low, even as the nation’s currency plunged by the most in almost
                              five years. rom 131.04 yesterday, when it dropped 1 percent.
                              The dollar fetched $1.3193 per euro from $1.3192.

                              ◾The Australian dollar plunged 12 percent in the three
                              months through June, the most since the third quarter of 2008,
                              while the country’s government debt lost 0.1 percent, according
                              to Bank of America Merrill Lynch index data. U.S. Treasuries
                              declined 2.2 percent in the period.



                              Commodities

                              ◾Oil Brent crude swung between gains and losses after rising for the first
                              time in three days as U.S. lawmakers urged backing for military action against Syria,
                              fanning concern that possible strikes may disrupt Middle East oil exports.

                              ◾Brent for October settlement was at $114.18 a barrel on the
                              ICE Futures Europe exchange, down 15 cents, at 12:25 p.m.
                              Singapore time. The contract gained 32 cents to $114.33
                              yesterday. The European benchmark crude was at a premium of
                              $7.59 to New York-traded West Texas Intermediate futures.

                              ◾Gold traded little changed after
                              dropping for three days to a one-week low as investors assessed
                              prospects for reduced stimulus in the U.S. as the world’s
                              largest economy recovers.

                              ◾Spot gold traded at $1,392.78 an ounce at 9:31 a.m. in Singapore after
                              touching $1,373.38 yesterday, the lowest since Aug. 23. Prices fell from a three-month
                              high of $1,433.83 on Aug. 28 on signs that a U.S. strike against Syria will be delayed
                              and as improving economic data fueled speculation that the Federal Reserve will trim
                              its $85 billion in monthly bond purchases.



                              Equities

                              ◾Asian stocks rose for a fourth day,
                              with the regional benchmark gauge climbing the most in a month,
                              as Japanese shares were boosted by the yen weakening against the
                              dollar and amid optimism the global economy is recovering.

                              ◾The MSCI Asia Pacific Index gained 1.4 percent to 132.79 as
                              of 12:46 p.m. in Hong Kong, on course for the highest closing
                              level since Aug. 2, as all 10 industry groups on the gauge
                              advanced. More than three shares rose for each that fell.
                              Futures on the Standard & Poor’s 500 Index rose 1 percent from
                              Aug. 30, with U.S. markets due to reopen after a holiday

                              ◾European stocks dvanced the most in
                              eight weeks as a gauge of Chinese manufacturing activity
                              exceeded economists’ estimates. U.S. index futures also rose.

                              ◾The Stoxx Europe 600 Index added 1.9 percent to 302.94 at the close of trading,
                              its biggest gain since July 4. The equity benchmark fell 2.4 percent last week
                              to its lowest level since July 17 amid concern that the U.S. and its allies will take
                              military action against Syria. Standard & Poor’s 500 Index futures climbed 1 percent today.
                              U.S. markets are closed for the Labor Day holiday.

                              Comment

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