Rumors of an Imminent Request to Extend Bailout Conditions Still Unsubstantiated

​​Although not officially requested, speculation is high that Greece will ask for a 6-month extension today as the negotiations with the Eurogroup appear to have reached an impasse. These rumors which were reported yesterday sent equity futures soaring the Euro climbing against peers. However these reports remain unsubstantiated and the market awaits further confirmation from the Greeks

Japanese stocks on five-week winning streak as Nikkei 225 still on 15-year high

​​Japanese stocks advanced with the benchmark index reaching a five-week winning streak as the Nikkei 225 extend its 15-year high level. The Topix Index rose by 0.4% to 1,500.33 at the end of trade in Tokyo. The Nikkei 225 Stock Average added 0.4% to 18,332.30, the highest since May 2000.​​

Emerging market stocks set for weekly decline ahead of Greek meeting

​​Emerging market stocks declined with the index heading for a weekly decline before the meeting between ministers in the euro-area regarding the Greek debt. The MSCI Emerging Markets Index shed 0.3% to 982.65 in London. Meanwhile, European stocks was little changed as near its seven-year high

UK jobs reports, strong earnings fire up sterling

​​The positives of the UK jobs figures are broad-based as the unemployment rate –measured by the ILO– dropped for the 3rd straight month to reaching 5.7%–its lowest since August 2008. Earnings rose by 2.1% y/y in the 3 months ending in December, reaching their highest level since Q2 2013, while earnings excluding bonuses slipped to 1.7% from 1.9%, meaning that pay growth ex-bonuses after inflation

Economic Indicator News »

Economic Sentiment came in at 52.7

The Zentrum für Europäische reported that Economic Sentiment in the Eurozone...







Economic Indicator News »

Empire State Manuf came in at 7.78

The Federal Reserve Bank of New York reported that Empire State Manufacturing...







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USD stronger as Greek optimism wanes

​​Forex markets remain focused on developments surrounding the Greece aid negotiations. Yesterday’s rumors that Greece might request extensions to the current bailout helped reduce the pressure on...

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EURUSD Failing to break the resistance at 1.1443

​​​​EUR/USD continues to move broadly sideways, as can be seen by the failure to break the hourly resistance at 1.1443. However, we continue to favour further upside towards the resistance at 1.153...