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Articles by: Sandra Leggero

Sandra has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies.

Positive data from New Zealand, NZD/USD took a drop though

May 16, 2013 8:34 am
New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand. NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to […] Read more

Euro being traded closely to six week low against the US dollar

May 16, 2013 7:17 am
During Thursday trading session the single currency reached six week low against the US dollar, after crucial data, that came out on Wednesday, regarding the contracting Euro zone economy for sixth quarter in a row. EUR/USD cross reached levels at 1.2855-57, followed by certain increase and consolidation at 1.2866, during Asian session. The pair was […] Read more

Industrial activity in New York area surprisingly shrinks

May 15, 2013 2:28 pm
New York Empire Manufacturing Index unexpectedly contracted in May as factories remained short of orders and sales slowed down, Bloomberg reported. The Federal Reserve Bank of New York’s general index dropped to -1.43 this month from 3.05 during April. Values below zero stress on contraction in New York, northern New Jersey and southern Connecticut. Bloomberg […] Read more

Euro-zone’s recession continues

May 15, 2013 12:34 pm
The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The estimated value, concerning the annual GDP in the Euro-zone, was a 0.9% decline. The data, which was […] Read more

WTI crude near two-week low

May 15, 2013 9:21 am
WTI crude fell for a fifth day near a two-week low amid low demand and increased stockpiles. The Energy Information Administrations oil reserves report is scheduled for release in the morning. The industry-funded American Petroleum Institute said that U.S. crude inventories gained 1.1 million barrels last week and according to a Bloomberg survey stockpiles may […] Read more

France in recession?

May 15, 2013 8:03 am
French economy submerged during the first quarter of 2013, according to data announced today. This was second quarter in a row of Gross Domestic Product (GDP) shrinkage, as the second largest economy in the Euro-zone contracted by 0.2% during Q4 of 2012. Todays data confirmed that French GDP reduced its value by another 0.2% during […] Read more

EUR/USD pair fell after the release of German and French economic data

May 15, 2013 7:14 am
After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […] Read more

David Tepper called US banks a “good” sector

May 14, 2013 3:20 pm
The hedge fund-manager David Tepper boosted US small business confidence as commenting on S&P 500 eight record over past nine sessions. Bank of America and Citigroup inc. rose by 1.3%, S&P 500 did a 0.4% jump and Dow Jones Industrial Average grew by 0.3%. According to JP Morgans global market strategist Dan Morris “The liquidity […] Read more