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By Anthony Lazzara |
May 15, 2013
The yen has sold off more than 3000 ticks since last fall, and we are projecting potential for a short term bottom at these levels.
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By Dominick Chirichella |
May 15, 2013
The growing market concern over the weakening oil fundamental picture is continuing to pressure oil prices with the complex declining for the fourth trading session in a row.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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By Ari Altstedter, Bloomberg |
May 13, 2013
The Canadian dollar advanced versus the majority of it 16 most-traded peers after April retail sales unexpectedly rose in the U.S., Canada’s biggest trading partner.
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By Marcus Holland |
May 10, 2013
Yen futures had moved to support levels against the dollar and had held support for the past few weeks as investors awaited an impetus to push the currency pair down to new levels. On a cash basis, the USD/JPY broke through 100 yesterday.
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By Joseph Ciolli and John Detrixhe, Bloomberg |
May 9, 2013
The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures have the currency headed for its longest streak of monthly losses in almost two decades.
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By Marcus Holland |
May 9, 2013
The trend in the British pound is higher, as slightly better than expected economic news recently has kept the Bank of England off the accelerator as witness on Wednesday when the central bank met to decide the state of current interest rates.
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By Neal Armstrong and John Detrixhe, Bloomberg |
May 8, 2013
New Zealand’s dollar fell to a five-week low vs. its U.S. counterpart after Reserve Bank Governor Graeme Wheeler said the central bank has sold the currency and may do so again to boost exports.
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By Lucy Meakin, Bloomberg |
May 7, 2013
The euro strengthened against the dollar and yen after German factory orders unexpectedly increased in March, suggesting the region’s largest economy is starting to grow again.
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By Anthony Lazzara |
May 6, 2013
The Euro currency has been in somewhat of a trading range as of late, but we believe the market is vulnerable to a move to the downside, as the ECB is being very dovish.
