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  • Santa Claus Rally Continues
    Analysis and Opinion »

    Santa Claus Rally Continues

    December 28, 2013, 01:22 GMT

    Stocks in the US started the trading on a soft note after notching up gains each day this week. The US markets were buoyed by gains in Asian as Japan reported better than expected retail sales data and climbing inflation, as the yen continued to weaken driving the Nikkei to multi-year highs. The labor department

  • The Dollar Continued to Gain Ground

    The dollar continued to gain ground on the day after Christmas moving higher and poised to test resistance near 106.71. Solid economic data released in the US on Tuesday reinforced the rise of the 10-year treasury yield to 2.99%. The yield differential between the US and Japanese 10-year bonds hit its highest level of the

  • Stocks in the US started the Trading Session in the Black

    Stocks in the US started the trading session in the black buoyed by the Nikkei which closed up 1.1% and notch up a second consecutive gain above 16,000. The Nikkei was buoyed by a weak yen which is trading above 104 and poised to test the 106.70 monthly highs. UPS and FedEx where caught off

  • Dollar Momentum Continues to Grow

    The dollar gained traction on Tuesday as the Chinese credit squeeze eases following the Peoples Bank of China’s liquidity move. China’s seven-day repurchase rate declined nearly 3.5% percentage points to 5.4% after the People’s Bank of China injected 29 billion yuan into the money markets via regular open-market operations. The benchmark rate had soared to

  • Stocks in the US Continued Notching Up Solid Gains

    Stocks in the US continued their torrid climb notching up solid gains during a short trading session. Better than expected data helped the S&P 500 index and the Dow Industrials hit all-time highs while the 10-year treasury note inched higher toward 3%. Prior to the opening bell, investors were treated to solid economic data that

  • Dollar Holds Steady, Sentiment Gains Traction

    China’s money market rates will remain in focus as market participants look to climb a wall of worry. However, liquidity remains sufficient and the Chinese central bank appears to trying to get banks to find their way through this liquidity issue. Since the major squeeze in June, conditions have been somewhat calmer, but pressure is

  • Stocks in the US Started the Trading Session on a Positive Note

    Stocks in the US started the trading session on a positive note after Apple and China Mobile announced a deal that would bring iPhones to China in January. Apple (NASDAQ:AAPL) was higher by nearly 4% in the pre-market on the back of the news of the deal. The Bank of Japan announced a new budget

  • Stocks Notch Up Solid Gains to End the Week

    Stocks started the US trading session with a consolidative tone as most of the volatility has seeped out of the market in the last two trading sessions. Implied volatility had climbed to its highest levels in the last three months ahead of the Federal Reserve meeting but since the decision was released, implied volatility has

  • Increasing Yields Benefit the Greenback

    The dollar benefited from an increasing yield differential which drove the forward curve in the US’s favor making more difficult to sell the US currency. The yield differential is generally highly correlated to a currency pair’s performance and the increase has benefited the greenback. The 2-year spread between US and German rates doubled to 15

  • Sterling Struggles to Break Out
    Analysis and Opinion »

    Sterling Struggles to Break Out

    December 19, 2013, 21:50 GMT

    The dollar lost ground initially against the pound after the Fed reported that they have decided to taper bond purchases by 10 billion dollars a month. Stronger than expected retail sales data in the UK failed to lift Cable, which is testing its 2013 highs. The Fed announced that starting in January they would reduce