The Japanese Yen and the resumption of the carry trade It seems that last month’s G7 intervention was the turning point for the Japanese Yen. The Group Of Seven Industrialized nations stepped in the currency markets on March 18th in order to halt the Japanese yen rise. The coordinated intervention occurred after the yen soared [...]

U.S. Dollar Trading (USD) was very strong by default as the Euro’s slide continued. Weekly Jobless Claims increased to 409k vs. 391k previously and stock markets eased. In US stocks, DJIA -25 points closing at 11697, S&P -2 points closing at 1273 and NASDAQ +7 points closing at 2709. Looking Ahead, December Non Farm Payrolls [...]

U.S. Dollar Trading (USD) some very strong US data sent the Dollar broadly higher yesterday with stock markets also posting gains. December ADP Private Employment soared past expectations at 297k vs. 100k forecast. December Services PMI also soared to 57.1 vs. 55 previously. In US stocks, DJIA +31 points closing at 11722, S&P +6 points [...]

U.S. Dollar Trading (USD) was mixed with many pairs moving independently in thin holiday markets. Stock markets continued to rise and this is allowing risk assets such as Oil and Aussie to rise. November Home Sales gained 4.68m vs. 4.43m previously. In US stocks, DJIA +26 points closing at 11559, S&P +4 points closing at [...]

U.S. Dollar Trading (USD) remained on the front foot with economist upgrading their GDP outlooks for 2011 given the US Tax cut boost. The downgrade of Ireland 5 notches by Moody’s also helped the Dollar with the rating agency concerned about the Irish economy and escalating costs of the banking bailout.  In US stocks, DJIA [...]