Analysis & Opinion »

  • USD/JPY currency pair moves up to resistance levels near 100

    The USDJPY currency pair moved up to resistance levels on Wednesday but was unable to break through despite an increasing yield differential. The combination of better than expected US data and softer Japanese economic results have pushed the difference in the 10-year yield back to highs not seen since June of 2013. On Tuesday Japan

  • Retail Stocks Paint Robust Picture
    Technical Analysis »

    Retail Stocks Paint Robust Picture

    November 14, 2013, 07:08 GMT

    Stocks in the US started the trading session on the defensive dragged lower by Chinese equity bourses that declined nearly 2%. Earnings results from retail chain Macy’s (NYSE:M) showed that the consumer continues to show strength. Mid-day stocks turned positive and continue to climb higher into the close, with the S&P 500 notching up a

  • Stock Close Mixed with Very Little Volume

    Stocks started the trading session mixed, but the theme of consolidation continued to keep the markets relatively subdued. Market volume as relatively light on Monday as the Veterans Day holiday kept many on the sidelines as the bond market was closed along with US banks. Momentum was strong on Friday, but the carryover from the

  • Euro Test Resistance but the Trend Points to Lower Prices

    Inflation is usually considered the enemy of growth and generally leads expansion periods. With central banks considering different options that will spur economic growth, inflation remains subdued and could keep central banks accommodative for an extended period of time. Last week the ECB cut is refinance rate in the hope that growth will accelerate and

  • Sterling Holds Steady Ahead of Inflation and Employment Data

    UK data turned the corner in the third quarter and the pessimistic outlook of the Bank of England new chief Governor Carney which was offered when he took office in July is likely to be revised. The central bank’s growth forecast is likely to be revised higher and a faster decline in unemployment is likely

  • Stocks Edge Higher on Low Volume
    Technical Analysis »

    Stocks Edge Higher on Low Volume

    November 12, 2013, 07:11 GMT

    Stocks in the US consolidated on the open as volume was soft as many are celebrating the Veteran’s day holiday. The bond market in the US is closed along with banks and government agencies. Friday’s stronger than expected employment report generated significant upside volatility which saw the Dow Industrials notch up a new all-time high

  • Stocks Recapture Thursday’s Losses

    Stocks in the US started the trading session on a positive note, but momentum has been negative throughout most of the week. Earning continued to top forecasts with Disney (NYSE:DIS) notching up solid gains. France experience a debt downgrade as S&P cut their credit rating. US employment data continued to show moderate gains. Stock ending

  • Sterling Hold Steady as Rate Hikes Loom Large

    Currency markets experienced volatility on Friday on the heels of the ECB interest rate cut on Thursday and Friday’s debt downgrade by S&P of France’s credit. Chinese trade figures came in better than expected, while Germany’s trade surplus jumped to a record high. Global yields continue to decline but strength in the UK continues to

  • ECB:Surprise interest rate cut
    Technical Analysis »

    ECB:Surprise interest rate cut

    November 8, 2013, 08:26 GMT

    Currency markets were on edge early on Thursday as traders awaited the decision from both the ECB and the BoE in interest rates. There was very little speculation that the BoE would make a move given the strength of recent data. In fact, many analysts now believe the BoE is closer to tightening rates than

  • Stocks Roll Over on Heavy Volume
    Technical Analysis »

    Stocks Roll Over on Heavy Volume

    November 8, 2013, 07:39 GMT

    Stocks in the US started the trading session on a positive note as the ECB surprised the investor community by cutting interest rates. US GDP was better than expected while jobless claims came in better than expected. Toward mid-day stocks turned negative and accelerated to the downside into the close. The Nasdaq was the worst