• Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 21 2013 12:38 PM

    USD broadly stronger as market awaits FOMC minutes - EUR weaker after hitting a 6-month high vs the dollar in yesterday’s session - Commodity currencies broadly weaker as emerging markets struggle

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 20 2013 12:56 PM

    USD slid as safe-have flows favored JPY and CHF - EUR reaches 2-month high vs. USD - Commodity currencies weakened as global demand for higher yielding assets subside

  • Tuesday Futures Subdued As FOMC Minutes Loom

    August 20 2013 5:56 AM

    The wait for the release of the FOMC meeting minutes could keep U.S. stocks rangebound.

  • Indian Rupee, Stocks Bear The Brunt Of QE Uncertainty

    August 20 2013 3:56 AM

    The rupee, on Tuesday, hit a fresh record low, worsening the sell-off in local stock markets, and laying bare the economy's weak spots.

  • Indian Rupee, Stocks Crash, Bond Yields Spike

    August 19 2013 8:52 AM

    The plunging Indian rupee hit a fresh low, dragging down the country's stock markets while benchmark bond yields hit multi-year highs.

  • Fri Futures Suggest Higher Opening

    August 16 2013 6:39 AM

    Stocks could recover from Thursday's fall ahead of housing starts data, a consumer sentiment report and the nonfarm productivity report.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 15 2013 12:36 PM

    USD is mixed after better US jobs data increased bets the Fed will cut its stimulus next month - GBP hits 2-month high on better-than-expected retail sales data - Commodity-linked New Zealand dollar climbed on expectations the RBNZ will raise interest rates

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 14 2013 12:47 PM

    USD broadly weaker as producer prices held steady - EUR flat despite first positive GDP reading in six quarters - GBP stronger on robust unemployment data and additional guidance from BoE

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 13 2013 12:29 PM

    USD broadly stronger on bullish consumer spending data - EUR weaker despite better-than-expected German ZEW report - Commodity currencies weaker, Aussie dips on poor data and low consumer confidence

  • 13/8/2013 - The Current Market Sentiment

    August 13 2013 8:33 AM

    The release of Q2 GDP of Japan could contain the current market sentiment to encourage the traders to wait for a bottom again of USDJPY to restart buying it. USDJPY has broken its previous resistance at 96.95 easily by the Japanese session. After inability of the Japanese yen to press on the greenback to get down below 96 several times recently.

  • The US$ Outperforms Gold, Silver and the HUI so far in 2013

    August 13 2013 8:21 AM

    The chart below paints a sorry picture for precious bugs with the US dollar just managing to stay in positive territory as losses mount for gold, silver and the mining sector. In broad terms the US Dollar is up 2%, Gold is down 22%, Silver is down 32% and the miners represented here by the HUI are down 45%. All stomach churning stuff for perma bulls as the mining sector now has to generate gains of around 100% in order to get back to where they were at the start of the year. This is not impossible but it will take a monumental effort to achieve such a recovery.

  • 3 Reasons to Fear the Fall

    August 12 2013 11:37 AM

    I generally shy away from making time-specific economic and stock market predictions simply because they are extremely difficult to accurately pinpoint. During 2006 I warned about a coming real estate collapse that would cause a severe recession in 2007. Back in January of 2009, I urged investors to start buying the stock market because I felt the majority of the selling was behind us. In general, making such predictions is a dangerous game and should be avoided in most cases because odds are very low you’ll be correct on both the prediction and the timing.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 09 2013 12:50 PM

    USD rebounded against most major currencies despite a fall in wholesale data - EUR weakened but trades near 2-month highs - Commodity currencies ended higher after a second day of upbeat Chinese data

  • Second Half Recovery Predictions Fail Again

    August 09 2013 10:37 AM

    Each of the last five years Wall Street pundits have predicted, and our government has promised, that a second half recovery in the economy will occur. Since 2009, they have come up with different reasons why GDP would boom in Q3 & Q4 of that year; and that this time a different and better outcome is in store. This year, the reason we are supposed to believe in a second half recovery is because the damage from the Sequester cuts will wear off starting in…drum roll…July.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 08 2013 12:43 PM

    USD broadly weakened as uncertainty over tapering lingers - EUR strengthened on better-than-expected German industrial output data - AUD surged on encouraging Chinese trade data

  • Bitcoin Officially Money In US, And Rising In Popularity In Asia

    August 07 2013 2:03 PM

    A Texas judge ruled that Bitcoin is a currency in a case involving a Ponzi scheme.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 07 2013 1:17 PM

    USD broadly weakens with the exception of the CAD and MXN - GBP surges after hawkish comments from Carney - JPY strengthens against most majors ahead of a BoJ announcement tommorow

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 06 2013 12:17 PM

    USD is mixed as US trade deficit narrowed - EUR and GBP rallied after better-than-expected factory orders and manufacturing output - Commodity currencies are slightly higher despite an aussie rate cut this morning

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB

    August 05 2013 1:06 PM

    US Q2 GDP growth 1.7%; unemployment dropped from 7.5% to 7.4% - UK services displays fastest growth pace in 6 years - Aussie at three-year lows on negative retail sales figures

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    August 01 2013 12:31 PM

    USD rallied after better-than-expected US economic data - EUR fell sharply against USD after dovish comments from ECB President Draghi - Commodity currencies weakened despite higher US equities and oil prices