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  • 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

  • Yen Consolidates Ahead of FOMC Meeting

    Over the course of the next year quantitative easing should continue to flood the market as tapering of bond purchases are likely put off until the middle of 2014. More bond purchases has reduced longer term yield making it difficult for the dollar to gain ground against any major currency. The 10-year yield differential which

  • 28 October Forex daily review
    Technical Analysis »

    28 October Forex daily review

    October 29, 2013, 08:16 GMT

    On Monday, the U.S. dollar closed up to its competitors. The euro / dollar fell by 0.16% and the rate of the pound / dollar fell by 0.23%. U.S. data was came out mixed again. The volume of industrial production in the U.S. in September rose by 0.6% compared to 0.4% in August (consensus 0.5%).

  • The dollar Holds Steady as Rates Decline

    US interest rates continue to remain at the bottom of their current range as speculation on increasing rates due to potential tapering has been put off until the middle of 2014. Futures traders are now pricing in the first tightening of rates in 2015, which could reflect a potential slowdown in US economic activity. The

  • Cable is Stable after In-line GDP
    Technical Analysis »

    Cable is Stable after In-line GDP

    October 26, 2013, 14:15 GMT

    Sterling has been one of the better performing currencies over the past few weeks, as investors baked in a neutral policy for the Bank of England. Data points during early October showed that the UK economy was performing better than in the recent past, with increasing levels of inflation and a tightening labor market. At

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