LONDON, April 16- "What's your interest in Bill and Ben in the pick?" A basic translation of that particular line of Cockney rhyming slang, originating in London's working class East End, would run something like: "Are you a buyer or a seller of dollar/yen at the daily benchmark rate-setting fix?» Read More
The dollar is slipping as manufacturing reports get investors hungry for risk.
US stock index futures indicated a sharply higher open for Wall Street, with spirits lifted by a possible announcement of an IPO by Facebook and ahead of various data on unemployment. In Europe, shares are higher, led by banks and after China's manufacturing sector data showed an upturn in production.
US futures point to Wall Street opening higher today, while European shares extended gains as investor sentiment was boosted after manufacturing data out of the UK and China came in better-than-expected. However Asian stock markets struggled as weaker U.S. data dampened recent optimism that the world's largest economy may escape the gloom from the euro zone debt crisis, while Chinese manufacturing surveys failed to break the cautious mood.
The euro has been moving higher even without a deal sealed for Greek debt, but this strategist says it's time to check out.
The euro has had a nice run in the last two weeks, but this strategist thinks the party is just about over.
U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.
European shares trim early gains on U.S. economic data, but close mostly higher. Portugal stocks underperform peers on worries about possible default. Euro zone unemployment hits highest level since currency was introduced. The euro reverses course, loses ground after early gains. Tomorrow, 27 EU commissioners vote on NYSE-Deutsche Boerse merger. Greek public sector haircuts possible: Eurogroup's Juncker.
Far from the euro zone, there's a trading opportunity down under.
Hopes for a Greek deal persist, and British consumers are feeling better - it's time for your FX Fix.
US stock index futures indicated a strong open for Wall Street today ahead of a slew of earnings and as hopes rose for a deal between Greece and private sector creditors on restructuring some of the country's debt. European shares are also higher on optimism about Greece, while EU leaders agreed on a stricter budget discipline plan to prevent further debt build up in the region.
US futures point to Wall Street opening higher on the back of a more positive sentiment in Asia and Europe. European shares rose on hopes Greece was nearing a debt swap deal needed to avoid a messy default, while European leaders agreed on stricter budget discipline measures to help prevent further debt accumulation in the region. Asian shares ended mostly higher today but worries over Portugal's refinancing ability capped gains.
The first mistake was to try to arrange a voluntary haircut in the first place, when the Greek government should simply have defaulted.
The dollar is getting a lift as worries about Greece and the European Union summit dent risk appetite. Whether it will last is another matter.
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.
A new employment report is on the way, and this strategist sees a trading opportunity.
Slow progress on Greek debt and a looming EU summit sap risk appetite and lift the buck — it's time for your FX Fix.
US futures point to Wall Street opening lower on the back of news from Europe and Asia. European shares extended losses today as worries about debt swap talks between Greece and its private creditors continued to weigh on investor sentiment before a European Union summit. In addition, a full return to action for Asian markets, after the lunar New Year holiday, delivered a downbeat tape, with investors disappointed that the Chinese authorities have not eased monetary policy in the manner some had expected, and as the region gets its first chance to price in softer than forecast US fourth-quarter GDP data.
The yen was a star in 2011, but this strategist thinks the party is over.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
The final word from the currency pits, with CNBC's Melissa Lee and the Money In Motion traders.