Foreign Exchange
Foreign Exchange Update: Yen in Focus
Foreign Exchange Update: Yen in Focus Traders reported strong demand for options betting on further yen weakness, with one-month dollar/yen implied volatility — a measure of expected price movement — rising to its highest since August 2011. One-month risk reversals showed demand to buy yen puts, or bets on the yen falling, also rose. We [...]
CNY to Dominate USD
CNY to Dominate USD CNY, JPM, DBSDY, DBSDF China is set promote the “opening-up: of its financial market to both domestic and foreign players this year to attract wider use of the yuan globally, a senior official at the People’s Bank of China said Wednesday. “We’d like to enhance the cross-border circulation of the yuan [...]
Germany and the Euro Crisis
Germany and the Euro Crisis Economic Insights Different assets still show volatility despite strong U.S. retail sales Overall, equities and the currency market showed little divergence, but were still relatively quiet, at the last New York trading session. Stronger U.S. retail sales in December supported equities to edge higher. However, risk currencies retraced slightly against [...]
EUR/USD Heading Lower
EUR/USD Heading Lower EUR/USD broke below the downside support level of 1.40, 317 day(s) ago. This is a bearish sign. This previous support level of 1.40 may now provide upside resistance. Volume on the day of the breakout was quite heavy–122% above average. This makes the breakout even more significant. If you decide to trade [...]
Foreign Exchange: The Fiscal Cliff
Foreign Exchange: The Fiscal Cliff The euro reached a 10-month high yesterday before pulling back dramatically after comments from the head of EU Finance Ministers Jean-Claude Juncker. With respect to the strength of the common currency, he stated that “the euro foreign-exchange rate is dangerously high.” His comments struck hard at the near term outperformance [...]
The Best FX Bonus
The Best FX Bonus Boston Merchant Financial are offering 13% bonus simply by making a deposit and trading on one of our industry leading platforms! How It Works New or existing accounts at BMFN who enroll in the Bonus Program and make a qualifying deposit from January 1 until January 31 will receive a deposit [...]
EUR USD intraday: turning down
EUR USD intraday: turning down Pivot: 1.34 Our preference: Short positions below 1.34 with targets @ 1.329 & 1.3245 in extension. Alternative scenario: Above 1.34 look for further upside with 1.3425 & 1.348 as targets. Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed. Daily Technicals [...]
Return of the Euro Crisis
Return of the Euro Crisis European futures are pointed lower across the board as equity indices pullback from recent exuberance and German growth slowed more than forecast. Concern over the debt ceiling and comments from Asia overnight are negatively impacting markets as riskier sovereign yields also move higher. Recapitalization rumors for Greek banks remain a [...]
EUR USD Technicals, Time to Sell
EUR USD Technicals, Time to Sell says Economist and Hedge Fund Manager Shayne Heffernan EUR USD broke below the downside support level of 1.40, 315 day(s) ago. This is a bearish sign long term. This previous support level of 1.40 may now provide upside resistance however we are starting to short the EUR now. Volume [...]
Foreign Exchange Update EUR, JPY, USD, AUD,CHF, GBP
Foreign Exchange Update EUR, JPY, USD, AUD,CHF, GBP There was more disappointing data out of the US on Thursday, as Unemployment Claims were released. The key employment indicator came in at 371 thousand news claims, well above the estimate of 361K. This marked the second straight reading in which the indicator failed to meet market [...]
Philippines Peso Outlook 2013
Philippines Peso closed at 40.70 against the US dollar, up by 8.5 centavos from the previous day’s finish of 40.785:$1. Economist Shayne Heffernan is predicting the Peso will see 38.50 in 2013 as the local economy grows and the US prints money at a record rate. It was also the strongest in nearly five years. [...]
China Economy 2013
China Economy 2013 China’s export grew 14,1 percent compared with December2011 and hit a seven month peak, fresh data revealed. Market expectations were for a 4 percent rise. Import grew 6 % boosting the country’s trade surplus to USD 31,6 billion sharply up from November’s 19,6 and analysts forecasts. The much stronger than expected trade [...]
Wall Street Preview
Wall Street Preview U.S. equities rose today, stopping a two- day decline as investors are optimistic about fourth-quarter corporate earnings. However, worries over budget battles in U.S. still remain a barrier for economic growth and some investors are concerned that the recent dead end in the “fiscal cliff”, in combination with signs of slowing economic [...]
Trading Day. The Impact of Interest Rates
Trading Day. The Impact of Interest Rates Little to no news out from the Eurozone is contributing to rally led off the back of increasing Chinese Exports all the while Europe remains mired in recession. An interest rate announcement is due out later from the ECB and a survey of economists expects rates to remain [...]
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Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
A long upper shadow occurred. This is typically a bearish signal (particularly when …
Commentary
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shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
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