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Today's trading commentaries

Housing still a big headwind for the US
12 April 2012, Michael Derks, FxPro
Amid the optimism regarding the US economy that is reasonably commonplace these days, it is worth highlighting one sector that will continue to represent a headwind for some time: housing.

Euro consolidates
12 April 2012, Mark O'Sullivan, Currencies Direct
After a difficult start to the week which saw the euro wobble amid renewed fears over Spanish and Italian debt, the euro is showing tentative signs of building some gains.

Another day of range-bound trading
12 April 2012, Richard Driver, CaxtonFX
It was another day of range-bound trading in the absence of any major data releases. The main news was of some impressive Australian jobs data, which has inevitably seen RBA rate cut bets scaled back.

ECB ready to buy more government bonds
12 April 2012, Mark Deans, Moneycorp
Britain's government has announced a plan to import electricity from Iceland, where geothermal power makes it cheap to produce.

FTSE opens in the black as bargain hunters prowl for cheap stocks
12 April 2012, Simon Denham, Capital Spreads
Similar to yesterday where we had initially been calling the FTSE to be opening a little lower it has actually ended up opening in the black as the bargain hunters prowl for cheap stocks.

Evidence of improved market
12 April 2012, Mark Bolsom, Travelex
Despite the lack of local data releases yesterday, there was evidence of improved market sentiment from the outset.

AUD surges after a very strong Oz employment report
12 April 2012, Andrew Timothy Robinson, Saxo Bank
Australia released quite an astounding employment report in the Asian trading day, setting the tone for a better sentiment towards risk which prevailed for the rest of the session.

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The Internationalisation of the RMB

With China now the world’s second largest economy, HSBC’s Global Connections report - which forecasts the development of global trade over the next five, 10 and 15 years - predicts that by 2016 China will overtake the US to become the biggest trading nation in the world, accounting for 12 per cent of global trade. The RMB’s rise is set to parallel this growth, and it is predicted to become a top three global currency by 2025...

Read the full story >>

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Conferences, events & exhibitions

ACT Annual Conference 2012
16 - 18 April 2012, ACC Liverpool, United Kingdom

TradeTech – The world’s largest trading technology event
24 - 26 April 2012, Excel Centre, London

EBAday 2012
15 - 16 May 2012, Edinburgh, United Kingdom

CVA, Funding and Valuation for Derivatives Conference
17 - 18 May 2012, New York, USA

Payments, Settlements and Remittances Asia 2012
30 - 31 May 2012, Jakarta, Indonesia

1st International Symposium on Business, Economica & Financial Applications
1 - 2 June 2012, Kefalonia, Greece

Funds Transfer Pricing and Balance Sheet Management
11 - 12 June 2012, New York, USA

9th AFE Conference 2012
28 - 30 June 2012, Samos Island, Greece

World Finance Conference
2 - 4 July 2012, Ipanema, Portugal

2012 Annual Conference on Global Economics, Business and Finance (GEBF 2012)
27 - 30 July 2012, Beijing, China