Analysis & Opinion »

  • Aussie Edges Higher Ahead of Employment Data

    The greenback was on the defensive against most major currencies as stronger than expected economic data created headwinds for the US currency. Tuesday’s better than expected ISM services report in the US failed to give the dollar a lift as investors continue to believe that the US will pursue and easing policy deep into 2014.

  • Euro Poised to Test Lower Levels
    Technical Analysis »

    Euro Poised to Test Lower Levels

    November 6, 2013, 12:55 GMT

    Ahead of Thursday ECB meeting the EURUSD continues to trade sideways as investors ponder whether the central bank will ease monetary policy and potential increase the amount of stimulus that is available within the region. Recent data points have been mixed but the outlook for economic growth is soft which likely requires ECB action. The

  • Nasdaq Edges Higher but Momentum Turns Negative

    Stocks in the US started the trading session on a soft note as investors continue to look for an impetus to generate upward momentum. Despite a conviction that the Federal Reserve will continue to keep interest rates decisively low for the foreseeable future, earnings guidance continues to be relatively tame, making it difficult for stock

  • Exxon Drives Dow Higher
    Technical Analysis »

    Exxon Drives Dow Higher

    November 5, 2013, 07:28 GMT

    Stocks got off to a positive start in November and continued to make headway on Monday. Historically the last two months of the year have been positive for stock prices and with the Fed likely to keep the pedal to the metal there is a good chance of strong performance. Economic data will likely continue

  • Solid PMI Helps Euro Gain Traction

    On the heels of Friday’s stronger than expected PMI data released in the US and China, the Euro zone released manufacturing data that was slightly better than expected. The EURUSD currency pair was on the heels of collapsing below support levels, as the yield differential moved in favor of the greenback, generating negative momentum for

  • Yen Gains Traction After Central Bank Meetings

    The Federal Reserve and the Bank of Japan met yesterday and produced similar results which reflected economies that continue to struggle without stimulus. Both central banks reported that they would continue their bond purchase programs in an effort to simulate growth and induce inflation. The BOJ meeting followed the FOMC meeting and failed to produce

  • Stocks Shed Gains in the Close Momentum

    Stocks in the US got off to a mixed start on Thursday as investors reevaluated the comments from both the BOJ and the Federal Reserve. The US central bank stood pat and left interest rates unchanged while telling investors that their bond purchase program would remain intact, and will likely stay this way for the

  • Euro Strength is Facing Negative Momentum

    Recent US data points have eased US yields generating a headwind for the greenback especially against the Euro. The Euro has climbed to multi-year highs much to the chagrin of European officials. With the ECB meeting next week, market participants will be interested in hearing how the ECB plans on dealing with declining inflation and

  • Fed Leave Rates Unchanged; Stocks Slip

    Stocks in the US started off on a positive note, on the heels of a record result for both the S&P 500 and the Dow Industrial Average on Tuesday. Mid-day stocks turned lower, with all three major indices closing down. Robust earnings results along with in line economic data have helped buoy the broader equity

  • US Stocks traded on a high note after earnings report from Apple

    Stocks in the US started off on a positive note on the heels of a better than expected earnings report from Apple (NASDAQ:AAPL) which helped lift the broader indices. The Dow Industrials finished the trading session at a new all-time high up 111 points at 15,680. Retail sales and Producer prices were reported for September