Discussion Board
USD - Wall Street Could Rule The Day
The USD lost a touch of ground to the major currencies on Monday but this occurred as light volume was dominant. Yesterday was a banking holiday in the States and all the major markets and financial institutions were closed. Today the TIC Long Term Purchases data will… Read More
USD - Weak Data Spurs Dollar Rally But Fizzles Out Towards Close.
The dollar started Tuesday day off in Rally Mode, but sellers came in towards the close. TIC Long Term Purchases came out better than expected with an actual reading of 40.7 Billion as opposed to an expected 27.3 Billion. However, the other announcements were not as positive… Read More
EUR - Trichet On The Wires
A much better than expected trade balance figure (6.8 billion as opposed to a forecasted -0.9 billion) did little to help the Euro Currency yesterday. With weak data coming out of the United States leading to a dollar rally, the Euro had nowhere to go but down…. Read More
GBP - We Continue To Hold Against The Dollar
With the CPI data coming out slightly stronger than expected and the BOE Split on the Bond Program, the Pound continues to hold against dollar. While the volatility we have seen in the USD the Sterling has continued to show potential as it slowly moves towards the… Read More
JPY - The Yen Holds, While Gold Rallies
The Japanese Yen failed to make a significant move yesterday, while Gold held its own against dollar strength. Once the Greenback began to show signs of weakness this precious metal rallied to close near the previous day’s highs. The momentum we have seen in Gold continues to… Read More
Play The Trend As Economic Speakers Move The Markets
Retail Sales number came out higher then expected at 1.4% as opposed to a forecasted 1.00%. Coupled with Bernanke pointing towards an “extended” period of low borrowing costs and “significant economic challenges” still on the horizon, the dollar touched its lowest value since August 2008. “Of course”… Read More
EUR - The Euro Continues To Hold Against Dollar
Not much in the way of data coming out of Europe today. The only item on the agenda is the Trade balance, which is expected to come out weaker. Yesterday’s CPI came out as expected and the European Currency was able to keep much of its gains… Read More
GBP - Sentance Worries About Inflation
Fueled by a weaker American dollar and bullish comments by Bank of England Policy Maker Andrew Sentance, the Pound traded higher yesterday. Sentance suggested that inflation is a growing danger and must be dealt with before it becomes a significant factor in the UK economy. We are… Read More
JPY - Gold Continues To Shine
The Yen continues to gain strength against the Dollar as risk appetite remains strong. Expected dollar weakness today will only push this currency pair lower, and Gold higher. As Gold breaks records like an Olympic athlete on Steroids it would be wise to continue to play the… Read More
Has Stimulus Ended the Recession?
This week all eyes will be focused on the release of the advance quarterly U.S GDP figure. The U.S economy is forecasted to show growth of 3.1%, which is the fastest quarterly expansion for the last 2 years. If this figure releases as expected then it will… Read More
"We have a considerable way to go to achieve a full recovery in our economy, many Americans are still grappling with unemployment, foreclosure and lost savings"
