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Asian Market Update: High yielding currencies remain pressured ahead of G7 meeting - As expected, the Reserve Bank of Australia left interest rates unchanged at 6.25%, leading to some profit taking on the AUD. Aussie inflation has moderated over the last few weeks, but the tight labor market...

US Mid-Morning Recap by TradeTheNews Staff - With no US economic data set for release this morning, equity markets are drifting a little lower. A plethora of stocks are seeing volatility post earnings reports and a few weighing on the Indices include: APC –1.8% LVS –5% MNT –5% QSII...

- In an extremely quiet night the European indices are currently trading in positive territory in the session led by the financial sector. European stocks are trading near six-year highs after the FED signaled that the US economy has continued to expand without showing signs of inflation. The...

- European Government bonds closed higher yesterday tracking treasuries in the US despite higher than expected service PMI data across the Euro area. - The ECB's Weber commented ahead of the US open yesterday. Weber forecasted German economic growth of 2.0% in 2008. Weber said that wage...

Asian Market Update: EUR/USD trades near key support level as crude jumps above $59 - Crude oil rose above $59 on the back of colder weather in the US Northeast, (The National Weather Service said that below-average temperatures will last through Feb. 18), and higher crude price is capping...

US Mid-Morning Recap by TradeTheNews Staff - Equity futures moved to this morning’s low after January ISM non-manufacturing was reported at 59, above the 57 estimate. The prices paid component was reported well below consensus estimates at 55.2 enabling Treasury yields to drift to session...

Energy Market Preview by Trade the News Staff - A strike in Nigeria by the the two main oil workers unions has been called off pending a meeting with Nigeria's President. Also in Nigeria, officials said yesterday that militants released nine Chinese oil workers. - Accuweather wrote on its...

Treasury Market Preview by Trade the News Staff - This week is light in terms of economic releases. In focus today is the release of the ISM Non-Manufacturing Index for Jan. It is seen rising slightly to 57.0 from 56.7. Later this week we have Non-Farm Productivity and Unit Labor Costs for Q4...

- The European indices are currently trading mixed after a negative open. European auto stocks fell led by France’s Faurecia after poor earnings, and France’s Renault after traders in the Asian market sold shares of Nissan following the company’s poor earnings report released after the...

- European government bonds closed higher on Friday tracking treasuries after non farm payrolls data showed a smaller increase in payrolls than expected. - The flow of major economic data will be relatively slow during today's session. The focus will fall upon services PMI data for the month of...

Asian Market Update: Investors take profit on Japanese stocks after top companies fail to provide bullish guidance - The NZD is gaining against a broadly stronger USD as Q4 labor costs rose more than expected (Q4 LABOR COST PRIVATE SECTOR QOQ: 1.0% V 0.7%E; ALL WAGES PRIVATE QOQ: 0.9% V...

US Mid-Morning Recap by TradeTheNews Staff - Treasury futures have maintained a somewhat positive tone post NFP, with the payroll data seen as a wash as a lower than expected reading in Jan. was offset by an upward revision in Dec. However, bond traders found reason to cheer the unemployment...

PJKIII, you are reading the energy market preview from january 5th in which the expectations were for a draw of 60bcf. in our preview dated Feb. 1 you will note that the expectations for natural gas inventories for that report were for a draw of around 200bcf. hope this clears up any...

Energy Market Preview by Trade the News Staff - According to a Barron's article, government economists say more attention should be paid to the futures markets. Futures indicate that crude prices are likely to rise a little past $60/bbl and then stay in that range for years to come. -...

Treasury Market Preview by Trade the News Staff - In focus today at 8:30 a.m. are the releases of Non-Farm Payrolls, the Unemployment Rate, Average Hourly Earnings, Average Weekly Hours and Manufacturing Payrolls, all for December. Non-Farm Payrolls are expected to show a rise of 150,000. The...

- The European indices are currently trading modestly higher in the session after a series of earnings were released ahead of the open today. The biggest mover today was Sainsbury, which rose as much as 17% after Blackstone confirmed that it was in the preliminary stages of assessing the company...

- European government bonds closed higher yesterday after weaker than expected manufacturing data was released. - The focus in today's session will be the Euro-Zone PPI for the month of December, due out at 5:00 ET. PPI is expected to remain unchanged from the month of November. - The Bank...

Asian Market Update: Drought hurts Aussie exports as trade deficit widens more than expected - Australia December's trade deficit widened more than expected (Dec Trade Balance: -1.34B v -1.0Be) and the November trade deficit was revised lower (-897M from -843M prior) as declines in...

US Mid-Morn Recap by TradeTheNews Staff - The positive momentum that began after yesterday’s FOMC statement continued into today’s session. December Core PCE was reported below estimates at 0.1% while income and spending data was inline. Equities moved to early session highs and...

Energy Market Preview by Trade the News Staff - The EIA reports its weekly natural gas inventory data today. According to a widely followed wire survey, natural gas inventories are seen falling 200 bcf. Last week inventories were 10.02% higher than a year ago, down from 13% in the previous...