Easy Forex Signals Daily Forex Update

Easy Forex Signals Daily Forex Update

Easy Forex Signals Daily Forex Update

Stocks worldwide are falling after a potent earthquake along with a tsunami struck Japan and fears of injury to the Japanese financial system are balancing on investors' state of mind. The 8.9-magnitude earthquake that shook Japan Friday brought on a 10-meter high tsunami along seaside regions. Tsunami signals had been issued for nearly twenty countries, such as Hawaii and the West Coast. Also, higher than anticipated CPI in China signals fears that the Chinese economic system is getting too hot and the local government will probably be pressured to slow it down by increasing interest rates.

The Feb CPI came in at 4.9%, a small fraction higher than the 4.8% expected, while the Industrial Production statistics came in at 14.1% against the forecast 13.3%. This in turn will slow demand from China, effecting commodity exporters world wide.

The Stoxx Europe 600 index was down 0.6% at 276.32 assisted a bit off the session's lows as supposition that Portugal would be bailed out by the European Union attained traction. London's FTSE 100 index was down 0.4% at 5824.66, Frankfurt's DAX fell 0.9% to 6999.32, and Paris's CAC-40 was 0.7% lower at 3935.75. Futures on the Dow Jones Industrial Average fell 76 points to 11907 and futures on the Standard & Poor's 500 index slid 6 points to 1283.50. Asian stock markets closed in the red Friday. Australia's S&P/ASX 200 dropped 1.2% and South Korea's Kospi Composite lost 1.3%. Hong Kong's Hang Seng Index fell 1.5% and China's Shanghai Composite shed 0.8%.

The Financial calendar is rather sparse today. The PPI in U.K. printed at 1.1% below 1.4% forecast and greatly lower January's 2.3% increase. Canada's employment expanded less than predicted and declined from January's 69.2K added jobs to just 15.1K added last month. The unemployment rate in Canada remained at 7.8% in February as in January; the consensus had been for an advancement to 7.7%.

In forex trading, the USD and the Japanese Yen continue to gain from the rising risk aversion signals. Commodity related currencies such as CAD, AUD, NOK are among the biggest losers. NZD is remarkably trading higher. Commodities are dramatically lower with Silver leading the pack. Silver is down 2.63% to US$34.40 an ounce, gold is flat at US$1412.11 per ounce and crude oil WTI mark traded below US$100 per barrel for the first time this month.

POST COMMENT

Making Money Fast With Forex Robot Trading Forex Trading Signals Outlined Fibonacci Killer Forex Peace Army Reviews Forex Bullet Proof Review - A Forex Winner? Forex Bullet Proof Robot Evaluation Best Forex Bullet Proof Review Forex Bullet Proof Evaluation - How Does it Work? What Is Panda Currency Trading Forex Bullet Proof Evaluations - Does It Work? Forex Overdrive Settings-Forex Overdrive Forex MegaDroid Overview - Is Forex MegaDroid For Real Or Simply the Next Big Hype Forex Mentor Pro Review-Forex Mentor Pro Review Best Forex MegaDroid - Easy Currency Trading For Newbies With the Use of the Forex MegaDroid