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  • EUR/JPY forges ahead following ECB remarks

    The range-bound euro has been mired in consecutive losing streaks leading up its recent bout against the yen, where it managed to reverse some of its disappointing trends. EURJPY jumped higher in Tuesday’s European session, a trend that extended to the New York trading floor. The pair reached 125.5700 in the London trade before resuming

  • Equities rally lead by small cap stocks

    Equity markets in the US moved higher ahead of Wednesday decision by the Federal Reserve on US interest rates. Parsing of the Chairman’s statement will take on a significant meaning on Wednesday which will give investors a gauge of the Fed appetite and timeline for bond purchase tapering. Inflation and housing data released before the

  • Gold approaches one-year low ahead of FOMC meetings

    The outlook on gold has taken the plunge in 2013, as weaker than anticipated growth in emerging markets has cast ominous clouds over the perceived demand for precious metals. Back in April gold prices fell to fresh multi-year lows, as YOY Chinese GDP data fell below expectations. On its way to the bottom, gold took

  • The Australian Dollar: Trends and Insights ahead of FOMC statement

    The downbeat Australian dollar emerged as a winner in early Monday trading, before the weight of FOMC speculation capped its gains against the US dollar. The highly anticipated Federal Open Market Committee meetings kickoff on Tuesday, with an official monetary policy decision and economic forecast slated for Wednesday. The Australian dollar enjoyed a session high

  • Equities rally on strong housing data

    Equity prices in the US rallied prior to the opening bell and continued to show strength throughout most the trading session. Investor’s sentiment was positive ahead of Wednesday conclusion of a two day Federal Reserve meeting in which Chairman Ben Bernanke is scheduled to make a statement and engage in a question and answer session

  • US Fed decision expected to rock the currency market

    Prior to the last few weeks, the US dollar enjoyed a bullish upswing on the back of positive economic reports that showed deepening recovery for the US economy. Investors placed high bets that the US economy was stabilizing, a clear sign that the Federal Reserve would scale back or end its latest round of quantitative

  • Pound Sterling and the future of Monetary Policy

    The 2013 calendar year has been a slow mover for the British pound, which has been bogged down by an unsavoury domestic economy and global uncertainty. The British economy continues to face economic recession, high inflation and weak output growth—trends that have left investors pondering about the future of British macroeconomic policy. To-date, the pound’s

  • The Yen’s resurgence: A closer look at major yen pairs

    Market participants have kept a watchful eye on the downward spiralling yen, which prior to Tuesday’s BoJ announcement was mired in consecutive losing streaks that pushed it to the brink of new lows against major peers. The yen’s freefall was triggered some months ago by the announcement of the Bank of Japan’s unprecedented stimulus plan,

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