Results for index
5 articles with this tag name
  • US Dollar: Bearish Markets Fuel Gains
    Global equities took a severe pounding in today’s trading. For the U.S., concerns over another wave of banking crises seem to take hold of investor’s sense of fear and uncertainty. The Dow was sent down more than 3.0%, while crude prices plummeted nearly 9.0% on the day. With economic data at a minimum for this week, the primary driver in the U.S. will remain to be the flood of corporate earnings. While news has been primarily promising thus far, many are still convinced that this will be the seventh consecutive monthly decline in corporate earnings. Accordingly, the standard risk adverse formation took shape in favor of dollar and yen strength. Crosses bared the brunt of the selling, sending AUD/JPY spiraling down by more than 4.5%.
  • US Dollar: Fed Steps in to Save the Day
    US stock markets finished the day strongly. For most of today’s trading, markets expressed uncertainty about the latest flood of economic reports, most of which did not improve as much as anticipated. By the end of the day, the Fed was able to step in and console investors as to the current stage of stabilization in the US economy. The Fed’s Beige Book, a tabulation of conditions reported within each Federal Reserve District opened with the usual words of concern but then introduced the notion of stabilization. The markets took this news and decided to rally with it by more than 100 points. Currency markets reflected stern euro weakness in turn for broad based pound strength. The dollar was higher against the yen but lost more than 100 pips against the Canadian dollar.
  • Will a Weak Yen Save Japan from Deflation?
    Japan’s wholesale prices fell at the fastest pace in almost seven years. The Domestic Corporate Goods Price Index slumped by -2.2% on a year over year basis as industrial output contracted by double digit rates. The Bank of Japan’s overseas commodity index, which tracks changes in the cost of oil, steel, copper and wheat, slid 49.3% in March.
  • U.S. Dollar: Bear Market Rally?
    With U.S. equities rising more than 5.5 percent today, one would expect the improvement in risk appetite to drive the U.S. dollar lower against all of the major currencies. Unfortunately we did not see a broad based sell-off in the U.S. dollar. The greenback only weakened against the Euro and commodity currencies because investors continued to bail out of British pounds and Swiss Francs. It is also interesting that the EUR/USD is well off its highs indicating that the market’s appetite for dollars has not waned dramatically. The catalysts for today’s rally are not convincing and the moves in the currency market are fizzling, which suggests that we have witnessed nothing more than a bear market rally.
  • US Leading Indicators Surprise to the Upside
    US Leading indicators shocked to the upside, rising 0.3% against a forecast of -0.2% decline. This was the first positive print for the index in six months as a rebound in financial components outweighed the losses from increased jobless claims and stock market declines.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
USD/CHF
Medium term



 Sell Sell at 1.0238
Stop at 1.0283
Target 1 at 1.0171
Target 2 at 1.0119
NZD/CAD
Medium term



 Sell Sell at .7942
Stop at 0.7992
Target 1 at 0.7867
Target 2 at 0.7805
currency recommendation
USD/CAD
Medium term
Opened 11/20/2009
 Sell Short from 1.0702
Stop at 1.0758
Target 1 at 1.0618
Target 2 at 1.0555

LATEST BUSINESS NEWS

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.4861
  • 1.4935
  • 1.4800
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.6501
  • 1.6675
  • 1.6459
GBP/USD
5 min chart
  • USD/JPY
  • up
  • 88.87
  • 89.12
  • 88.67
USD/JPY
5 min chart
  • OIL
  • up
  • 77.46
  • 79.83
  • 77.03
CLZ9
5 min chart
  • GOLD
  • up
  • 1150.5
  • 1151.1
  • 1132.3
.GOLD
5 min chart
  • US Stocks
  • down
  • 10321
  • 10348
  • 10255
.US30
5 min chart
  • UK Stocks
  • down
  • 5269.4
  • 5310.3
  • 5221.8
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5673.3
  • 5743.3
  • 5635.8
.DE30
5 min chart
  • JP Stocks
  • up
  • 9470
  • 9507
  • 9358
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.4861
  • 1.4935
  • 1.4800
5 min chart
  • GBP/USD
  • down
  • 1.6501
  • 1.6675
  • 1.6459
  • USD/JPY
  • up
  • 88.87
  • 89.12
  • 88.67
  • USD/CHF
  • up
  • 1.0179
  • 1.0222
  • 1.0122
  • USD/CAD
  • up
  • 1.0704
  • 1.0731
  • 1.0614
  • AUD/USD
  • up
  • 0.9145
  • 0.9215
  • 0.9060
  • NZD/USD
  • down
  • 0.7239
  • 0.7326
  • 0.7199
  • USD/MXN
  • down
  • 13.0574
  • 13.1193
  • 13.0345
  • EUR/JPY
  • up
  • 132.09
  • 132.94
  • 131.79
  • GBP/JPY
  • up
  • 146.65
  • 148.40
  • 146.43
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 77.46
  • 79.83
  • 77.03
5 min chart
  • GOLD
  • up
  • 1150.5
  • 1151.1
  • 1132.3
5 min chart
  • SILVER
  • down
  • 18.49
  • 18.573
  • 18.026
5 min chart
  • US500
  • down
  • 1091.1
  • 1096.6
  • 1085.4
5 min chart
  • UK Stocks
  • down
  • 5269.4
  • 5310.3
  • 5221.8
5 min chart
  • DEM Stocks
  • down
  • 5673.3
  • 5743.3
  • 5635.8
5 min chart
  • JP Stocks
  • up
  • 9470
  • 9507
  • 9358
5 min chart
  • AU Stocks
  • up
  • 4681.0
  • 4697.0
  • 4631.0
5 min chart
  • 10 yr Bond
  • up
  • 119.46
  • 119.95
  • 119.43
5 min chart
  • Bund
  • up
  • 122.58
  • 122.68
  • 122.20
5 min chart
Data source: GFT

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