Technical Analysis »

  • 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

  • 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

Page 1 of 41234