When I look at a Daily Chart of EURUSD the first thing that pops into my head is DISTRIBUTION. Any time a market goes sideways, it is either distributing before a change of direction, or it’s...
* US jobless claims unchanged at 505,000
* Philly Fed survey rises to 16.7 in November from 11.5 in October
* Saudi Arabian central banker: Dollar has problems but rest of the world not in...
Eur/Usd up, down, up, down like a see saw. For those of you that remember that wonderful playground toy. You are always moving but you never get anywhere. I have good news though there is a trade...
Nov. 19 (Bloomberg) -- A tax on large stock trades pushed by some Democrats could be imposed in the U.S. only if it is also levied internationally to prevent Wall Street traders from taking their...
While most currencies are stuck in the same range in the past two weeks, the AUD/USD and NZD/USD are out of these ranges – to the downside. The sun currently doesn’t shine on the high yielding...
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USDCAD: Nearer Term Correction Activated
USDCAD- The pair could be on its way to a third-day of corrective recovery having followed through higher today on its Wednesday gains. With USDCAD...
The yen and dollar strengthened against the euro as stock markets fell, discouraging demand for higher-yielding assets.
Japan’s currency rose against all of its 16 most-traded counterparts...
Japan’s government selected Kobe University Professor Ryuzo Miyao to replace Atsushi Mizuno on the central bank’s policy board.
The decision was made at a meeting of lawmakers today, according to...
The Bank of Japan is set to emphasise its intention to keep interest rates near zero for a long time on Friday, when its upbeat economic view may come under fire from a government worried about...
Treasury Secretary Timothy Geithner and Rep. Kevin Brady (R., Texas) turned a seemingly boring hearing on financial regulations into a messy fracas, when they exchanged verbal insults over who was to...
Price action on EUR/JPY, a daily chart of which is shown, is displaying dramatic yen strengthening today on stock market declines that is also abundantly clear on other major yen pairs/crosses like...
KIEV, Ukraine — Ukraine announced on Wednesday that it would double the fees that Russia must pay to transport natural gas through Ukrainian territory to the rest of Europe, raising the possibility...
Public finances deteriorated almost twice as fast as expected last month, raising the risk the government will have to raise its borrowing forecasts when it unveils its pre-budget report next month....
Treasury Secretary Timothy Geithner urged U.S. banks to boost lending to small businesses and consumers who still face “very challenging” credit conditions and rising unemployment.
“Banks bear...
U.S. Treasury Secretary Timothy Geithner said on Thursday that without sweeping financial regulatory reforms, economic recovery would not be enough to ensure U.S. strength and stability....
Nov. 19 (Bloomberg) -- The index of U.S. leading indicators rose for a seventh consecutive month in October, signaling the economy will keep growing into 2010.
The Conference Board’s gauge of the...
The House Financial Services Committee will consider today how much to expand audits of the U.S. central bank in a test of Federal Reserve Chairman Ben S. Bernanke’s clout among lawmakers.
Panel...
Manufacturing activity expanded for the fourth consecutive month in the Philadelphia region in November, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed index improved to...
The index of leading economic indicators rose for the seventh consecutive month in October, showing that a recovery is "unfolding" in the U.S. economy, the private Conference Board said Thursday. The...
The Conference Board Leading Economic Index™ (LEI)for the U.S. increased 0.3 percent in October, following a 1.0 percent gain in September, and a 0.4 percent rise in August.
Download a PDF of the...
Canadian wholesale sales rose less than expected in September, as a drop in car sales offset a gain in machinery and electronic equipment.
Sales advanced 0.2 percent to C$41 billion ($38.6...
The UK government debt situation remains extremely serious with the budget deficit at levels which can very easily result in a massive loss of confidence in the currency. The political cycle will...
Interbank FX has recently launched a very interesting application – a Micro Mini Challenge on Facebook. This is a very interesting development in the Forex marketing arena and I expect many more...
The number of people filing initial claims for state unemployment benefits was flat at a seasonally adjusted 505,000 in the week ended Nov. 14, the Labor Department reported Thursday. Economists...
The number of Americans filing claims for unemployment benefits held at a 10-month low last week, a sign firings are letting up as the economy recovers.
Initial jobless claims were unchanged at...
European Morning Forex Wrap Up; Risk appetite little wobbly. JPY, USD firm
By Gerry Davies || November 19, 2009 at 12:27 GMT
|| 0 comments || Add comment
Fed’s Plosser: Fed just as concerned...
HONG KONG/SINGAPORE (Reuters) - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial...
