U.S. Dollar Trading (USD) the dollar went to multi-month lows against most majors before market wide aggressive profit taking saw losses turned into gains. Weekly Jobless Claims continued to improve down to 445k vs. 453k previously. Stocks reversed sharply after the US market opened after the Dow Jones tested 11000. In US stocks, DJIA -19 [...]

U.S. Dollar Trading (USD) stocks were heavy overnight with traders taking profit ahead of a big week of important data. August Factory orders fell -0.5% vs. -0.4% previously. August Home Sales rallied 4.3% in August but analysts are quick to note the 30% drop in May/June. In US stocks, DJIA -78 points closing at 10751, [...]

Last Friday the Bank of Japan (BOJ) voted to keep interest rates unchanged and upgraded its economic assessment for the Japanese economy. The BOJ left the overnight call rate unchanged at 0.1% and said that the Japanese economy is starting to recover moderately. The BOJ attributes the improving economic outlook in Japan to stronger global [...]

CURRENCY TRADING SUMMARY – 24th May (00:30GMT) U.S. Dollar Trading (USD) pared back gains as US stock markets rebounded into the close on Friday allowing risk currencies to rally. With no economic data from the US the bounce was chalked up to rumors that Goldman Sachs had reached an agreement with the SEC and recent [...]

The JPY is one of the main beneficiaries of safe haven flows related to the EU sovereign debt crisis. JPY continues to trade inversely to risk sentiment and the direction of equities. A stronger JPY contributes to tighter monetary conditions and complicates Japan’s effort to combat deflationary pressures. The Japanese government has been pressuring the [...]