Markets appeared to have reached a flashpoitn overnight with leaders squabbling over Eurobonds
U.S markets mark worst session in over a week.
European equities lose a percent.
Spanish yields rise, suggesting confidence is deteriorating and quickly!
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Bernanke has not ruled out further QE, but responded to a weak economic climate by extenting Operation twist by 270B though 2012
U.K unemployment cliams jump, FTSE ends higher.
Aussie markets start well.
Chinese manufacturing PMI due at midday
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Spanish yields decline
Fed likely to act on stimulus rumour
Greek's may receive relaxed austerity measures
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New Democracy will form coalition government
Equities, Aussie dollar rally on positive risk sentiment
G20 Summit set to start tomorrow, growth on the agenda
RBA monetary policy minutes due tomorrow.
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Rumours of a coordinated approach by central bankers to tackle the European debt crisis have buoyed markets overnight
U.S equities finished up over a percent, while European equities finished flat.
Bank Of England Governor King mentioned he may be getting closer to further stimulus or looser policy.
Pro-bailout New Democracy party leading election polls
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Greek elections due this weekend
Yields on Spanish debbt rise again
Geithner chimes in on debt crisis
U.S CPI and PPI dissapoint.
Full Report Exchange Rate Today 
New and improved blog. Have just updated bankexchangerate.net.
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Spanish yields hit fresh high, yet equities staged another rally
Market commentator describes as "headline roulette"
U.S stocks optimistic of fed stimulus
Calderon positive G20 will make significant headway
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Spanish bailout euphoria has dissipated
U.S equities finish down 1%
European markets flat
AUD/USD trading in a 0.9820-1.0000 range
EUR/USD dips
Spanish bond yields spike higher
RBA Governor Stevens speaks tomorrow
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The Euro and Aussie are both up this morning on news of a 100B EURO spanish bailout.
Chinese Exports smash estimates - proving pessimism about health of Chinese economy unfounded
U.S and European Markets look set for bumper opening tonight.
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Aussie GDP is due at 11.30am, exp. 0.5% above final quarter of 2011.
ECB rate setting meeting tonight, can Mario Draghi save the Euro?
Spain's PM re-iterates banks dont need rescue, but notes 40 billion EURO's will be enough to recapitalize banks.
Specualtion Bernanke will either undertake a second Twist or QE3
Overall markets confused, investors have no idea whats going on...
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Risk trades appear to be rising in anticipation of further international stimulus in what continues to be a particularly stubborn and drawn out recovery.
"Leaders from the Group of Seven countries will hold a conference call to discuss the European debt crisis today ahead of the G-20 meeting next week. The Reserve Bank ofAustralia lowered its key interest rate today by 25 basis points to 3.5 percent, the lowest level since 2009. China’s insurance regulator said it will allow insurers’ to broaden their investment scope, and four Taiwan government-controlled funds bought stocks yesterday to help pare losses, according to the Taipei-based Commercial Times." - Bloomberg
Check out the full article here
Stay tuned for more information tomorrow morning on Bank Exchange Rate Blog
The Aussie dollar has rallied over night on global optimism
U.S market choppy, end flat Nasdaq up 0.4%
European markets mixed, Spanish bankers claim 40b EUROs enough to stem crisis
Facebook smoked down to US$26.90 a share
RBA Interest Rate decision at 2.30pm - 25 basis point cut expected.
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So despite May being behind us, June has not started well.
U.S Jobs numbers dissapointed, dropping to their lowest point in some time and well below expected. Officially 66K new jobs were created, well below the 150K+ that had been tipped.
U.S and european equities got smashed, DAX down 3.2%, while the Nasdaq was down over 2.5%.
Germany's agrees to give spain more time to reduce its deficit.
Upcoming Data: Australian RBA cash rate decision tomorrow
followed by jobs number on Thursday!
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-U.S economic data fails to excite
-Europe quite, nothing new. Merkel may concede and allow ESM to directly finance distressed banks
-All important Jobs number out of the U.S tonight.
Read the full report below:
Nothing much has changed overnight other than showing us that maybe the saying "sell in May and go away" is bang on!
- European markets slid, Stoxx 50 worst down 2%
- U.S markets down, S+P worst at 1.5%
- Greece - nothing new, accept Germany re-iterating what they already said about a join Eurobond.
- Upcoming local data includes building approvals and capital expenditure.
- preliminary jobs number released in the U.S tonight.
Read the full report and where the exchange rate today is headed.
Markets post solid gains in overnight trade
Spain only negative down 2.3%
China rules out large scale stimulus
Facebook shares shamshed, down 25%
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- U.S equities were closed for Memorial Day holidays
- European equities were mixed, Spain down 3%, FTSE up 0.1%
- Greek Pro bailout New Democracy party leading in the polls
- 66% of Greek voters beleive Greece will stay in Euro and want to stay in Euro
read the full wrap at Bank Exchange Rate Blog
Aussie dollar up on positive risk sentiment and equities followign the lead from friday's nights close in Europe!
Check Bank Exchange Rate Blog for plenty more
The Aussie dollar has rallied off lows below 0.9700 and EUR/USD remains under pressure.
Comments from Mario Monti incite a bit of positive sentiment.
German manufacturing PMI dissapoint, but European equities rally.
More at Bank Exchange Rate Blog
Markets were mixed overnight, volatility continuing today.
European Summit tonight and U.S New Home sales could see renewed optimism for a resolution to Greece's issues.
Check out my latest blog entry for more information.
The markets have bounced overnight in the U.S and parts of Europe following renewed commitment to keep Greece a part of the Eurozone.
Positive comments from President Wen of China also helped ease concerns that the Chinese economy would come to a stop.
Read more at Bank Exchange Rate Blog
Its been an interesting few days with Facebook listing on the NASDAQ, G8 Summit over the weekend and talk that Chinese President Wen Jiaboa will again loosen fiscal restraints and is determined to back growth in the most populous nation in the world.
For plenty more and a more in depth look at the week ahead, head to my Bank Exchange Rate blog
"Stocks and the dollar have tended to move in opposite directions over the last few years. Now, some chart watchers say the dollar gauge is nearing technical resistance, which could be a welcome sign for stock investors."
If this holds true and as I mentioned earlier in the week - the Aussie dollar likely to find support around 0.9800 - keep an eye out for the bounce, its coming.
http://blogs.wsj.com/marketbeat/2012/05/17/morning-marketbeat-stocks-still-stuck-in-rut/?mod=WSJBlog
For more great news check out the blog
The following Youtube video, is perhaps one of the best clips i have viewed so far, analysing that Greece situation and the real liklihood of an exit (which is slim)
It appears risk markets are again taking a pounding with the Aussie down further trading at a low of 0.9920 vs the dollar.
EUR/USD has also lost ground significantly as investors push into the safety of the US dollar.
EUR/USD has fallen to 1.2720, a level we havent seen since early January.
Aussie euqities followed the lead from markets overseas and has fallen just as heavily down around a percent.
For in depth coverage of the exchange rate movements check out my bank exchange rate blog
Article released on bloomberg on the back of the RBA minutes released this morning.
"The Reserve Bank of Australia made its deepest interest-rate cut in three years to help revive below-average growth, counter rising mortgage costs and shore up consumer confidence, minutes of its May 1 meeting showed." - Bloomberg
The move was definitely warranted, I think its obvious to most Australian's, particularly Victorians that some level of stimulation is required in order to see us thrive over the coming months.
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