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  • The Pound is Poised to Break Out
    Analysis and Opinion »

    The Pound is Poised to Break Out

    November 21, 2013, 07:26 GMT

    Sterling continues to remain buoyed and is poised to test higher levels despite a recent drop in UK longer term yields which have pushed the interest rate differential in favor of the greenback. Last week’s stronger than expected claimant count and relatively benign inflation report, have given the BOE room to maneuver. Data in the

  • Stocks Tumble After Fed Minutes Release

    Stocks in the US started the trading session mixed as investors continue to weight for an impetus to drive the major averages above the current psychological levels of Dow 16,000 and S&P 500 1,800. Once these hurdles are complete, the major averages are likely to experience a solid performance during the balance of 2013. Stocks

  • Stocks Close Lower as Momentum Stocks Tumble

    US stocks started the trading session on a positive note as better than expected earnings results from Home Depot help the major averages move into the black. JPM is poised to settle with the government on a number of issues that will be encapsulated into one fine of nearly 13 billion dollars. The settlement could

  • Euro Test Resistance after Strong Zew Number

    The Euro continued to benefit on Tuesday rebounding from the breakdown that occurred nearly two weeks ago. Prices continue to press up against resistance, and last week’s softer than expected GDP report did little to help the currency. Investor sentiment in German continues to help boost their equity bourses and the Euro as riskier assets

  • Yen Remains Weak Ahead of US Economic Data

    The investment landscape over the next week will focus on the potential for further monetary accommodation from the ECB, BOJ and Federal Reserve. Last week’s testimony from Federal Reserve Chair nominee Janet Yellen solidified the Fed’s bent that rates will remain very low for the foreseeable future. Yellen reiterated the Fed’s stance that the benefits

  • Stocks Close Mixed After Icahn Comments

    Stocks in the US started the trading session mixed, as investors eyed a new benchmark for the S&P 500 index. The Dow Indusrials hit 16,000 a new milestone for the first time in its history. Exxon mobile continue to move higher on the heels of a report by the SEC that Warren Buffet purchased nearly

  • Sterling Holds Steady after Weak Retail Data

    The dollar eased toward the end of the week against most major currencies but the pound was unable to take advantage of weakening US yields. The data at the end of the week in the UK undermined the Pound’s strength, driving the yield differential in favor of the greenback. Fed Chair Nominee Janet Yellen testified

  • Stocks Gain Traction after Yellen Testimony

    Stocks in the US started the trading session on a positive note as sentiment edge higher after Thursday rally and Janet Yellens confirmation testimony on Thursday in front of the Senate banking committee. Yellen was poised and collected and defended the Fed bond purchase program restating that the reward from quantitative easing currently outweighed the

  • Euro Consolidates After Weak GDP Report

    Disappointing growth reports were likely available to the ECB prior to their release on Thursday which now sheds light on the surprise rate cut. While German growth slowed, France contracted which brings into question the potential for a recession. Japans growth topped estimate but still reflects lackluster growth. While German growth slowed, France reported a

  • Stocks mixed at the open but moved higher into the close

    Stocks in the US were mixed at the open with the Nasdaq the only major index in the red. Weaker than expected earnings from technology benchmark Cisco (NASDAQ:CSCO) dragged on the broader index. Most investors were focused on Thursday’s Fed Chair hearings and the question and answer session facing Janet Yellen. Stocks moved higher into