Forex Market Updates 27.10.2014 ECB Stress Test has Failed with almost $32Billion Shortfall - News – The European largest 25 banks have failed a key health check of the region’s financial system, exposing $31.7 billion shortfall on their books. - Capital Markets - ECB found that none of twenty-five of Europe’s largest banks has the ability to withstand times of economic stress, which is the biggest capital hole. - Indexes - Gain as each of 55 companies climbed at least 1 percent last week. - Gold – Held losses from a six-week high as investors expected the Federal Reserve to end its bond-buying program. - Petrol - Surging U.S. crude supplies pushed prices right back down to a two-year low. - EUR/USD – The euro rose versus most of its major peers after the results of European Central Bank stress tests eased concern about the capitalization of the region’s lenders. - Stock Market –U.S. stocks recovered for the last week over 69 percent of the losses suffered between Sept. 18 to Oct. 15 Economic News Eurozone: - EUR - M3 Money Supply, Monday 12:00 - Change in the total quantity of domestic currency in circulation and deposited in banks is expected to be 2.2% - EUR -Private Loans, Monday 12:00 - New loans issued to consumers and businesses in the private sector / -1.3% / UK: - GBP - CBI Realized Sales, Monday 14:00 - The relative level of current sales volume. The analysts expected level of 29 USA: - USD – Flash Services PMI, Monday 16:45 - Surveyed purchasing managers in the services industry. The forecast is for slide decline to 57.9 - USD - Pending Home Sales, Monday 17:00 - Pending Resales are expected to increase by 1.1% Join us for MORE!!! bit.ly/1lE2lZg
Posted on: Mon, 27 Oct 2014 09:25:28 +0000
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