Exxon Mobile earnings spark hope for sustained recovery! The USD traded mixed yesterday against most majors. Initial Jobless claims came out slightly better than expected for the week indicating an improving job market and President Obama nominated San Francisco Fed President Yellen to Vice Chair of the Federal Reserve. Yellen is a well known dove [...]

On April 30th, Japan is scheduled to release March CPI and the BOJ will conclude a one-day policy meeting. March CPI is expected to rise by 0.3% compared to 0.1% decline last month with the annual inflation rate declining by 1.2%. This would mark the 13th straight month that Japan’s annual inflation rate has declined. [...]

FX Highlights The USD is trading lower as equity markets rebound in reaction to strong earnings at Goldman, diminishing concern over the impact of the SEC investigation of Goldman and optimism about the global recovery as German investor confidence improves, EUR is trading higher supported by above forecast German ZEW investor sentiment, EUR gains were [...]

FX Highlights The USD is trading higher Tuesday, GBP trades lower pressured by report of disappointing UK retail sales and weaker than expected annual CPI, EUR weakens on worries that the EU will not agree on a Greek aid plan and speculation that the ECB will be slow to raise interest rates because European sovereign [...]

USD: Lower, PPI falls the most in seven months, steady Fed policy JPY: Lower, BOJ expands quantitative ease and raised its lending auctions to ¥20trln EUR: Lower, annual rate of labor cost rise the slowest in four years GBP: Higher, UK claimant count posts biggest drop in 13 years, BOE minutes note increased inflation risk [...]