Browsing all articles tagged with Day

Alcoa in line; slow macro day awaits

Posted by: Piper Joshua / On: January 11, 2012 / No Comments »

Alcoa kicked off the earnings season as per tradition yesterday after markets had closed. Consensus was spot on as Alcoa reported a USD 0.03 loss per share for 4Q’11, its first quarterly loss since 2009. It is a quiet day today with a couple of small US reports and Canadian Housing Starts as we await the coming days which offer the Federal Reserve’s Beige Book (Wed), meetings of the European Central Bank and Bank of England (Thu) and a host of data, including US Retail Sales (Thu) and Trade Balance (Fri). Alcoa reports in line with consensus: As usual Alcoa served as an appetiser for the upcoming earnings season and the aluminum producer confirmed consensus’ projections for (diluted) EPS (before abnormal items) reporting a loss per share of USD 0.03 for 4Q’11 yesterday (after market). It i Read more text…

Tags: Day, Day Awaits

Dollar Up on Day 1 of Life Without QE

Posted by: Kiara Eva / On: July 2, 2011 / No Comments »

Watching the price action in the foreign exchange market today could be as interesting as watching paint dry. With most U.S. traders thinking about nothing other than their long weekend holiday plans and European traders holding off any fresh positioning ahead of the special July 3rd Euro-Area Finance Ministers meeting, it should be a quiet trading session. 

With that in mind, the dollar is trading higher against all of the major currencies on the first day of life without QE. The Federal Reserve will no longer be injecting new funds into the U.s. economy and for this reason, U.S. yields should trickle higher, lifting the U.S. do

Read more text…

Tags: Day, Day Life