Currencies

  • US Dollar Rises, US Treasuries Fall

    US Dollar Rises, US Treasuries Fall

    US Dollar Rises, US Treasuries Fall US Treasury Complex US Treasuries gave back ground as the economic data released today showed continued momentum in the US economic recovery. The complex has now given back over 70% of Sunday night's flight-to-quality rally in every maturity as investors continue to use rallies as selling opportunities. Thursday morning, ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR)EUR closed lower Tuesday. The low range close set the stage for a steady to lower open Wednesday. Stochastics and the RSI are turning Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency renews the rally off of the ...
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  • 4th of July at Navy Pier!

    4th of July at Navy Pier!

    Bursting with red, white and blue, the Aon Summer Fireworks 4th of July show will begin promptly at 9:30 p.m. on Saturday, July 4. As the city's only lakefront fireworks show, Navy Pier will be at the center of the Chicagoarea's Independence Day celebration with a fireworks display longer than its regularly scheduled weekly shows, ...
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  • Sony Plunges on Share Sale Plan

    Sony Plunges on Share Sale Plan

    Shares in Sony plunged 8.25 percent Tuesday on dilution fears after the Japanese electronics giant announced plans to raise 3.6 billion through stock and bond sales. The stock closed at 3,461.5 yen on the Tokyo Stock Exchange, down 8.25 percent from the previous day, while the benchmark index ended up 0.63 percent. Sony plans to ...
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  • US Dollar Up, US Treasuries Flat To Little Changed

    US Dollar Up, US Treasuries Flat To Little Changed

    US Dollar Up, US Treasuries Flat To Little Changed US Dollar (.DXY) Index The USD made significant gains Vs EUR, the CAD, the CHF, and the NZD today The Chicago Purchasing Manager Index rose to 49.4 in June, but remained below 50, which indicates contraction, consensus was for 50.0 and May's reading was 46.2 Consumer ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (Q5) Intraday: the downside prevails. Pivot: 59.3Our preference: Short positions below 59.3 with targets @ 57.6 & 56.85 in extension.Alternative scenario: Above 59.3 look for further upside with 60 & 60.5 as targets.Comment: As long as the resistance at 59.3 is not surpassed, the risk of the break below 57.6 remains high. ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

     Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Monday but is still below the 20-Day MA crossing. The high range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are turning Neutral to Bullish indicating that sideways to higher prices are possible near term. If ...
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  • US Dollar Dives, US Treasuries Fly

    US Dollar Dives, US Treasuries Fly

    US Dollar Dives, US Treasuries Fly US Treasury Complex US Treasuries soared Monday as participants scrambled to safety following the breakdown of negotiation between Greece and its creditors at the weekend. A referendum on a bailout extension is to be voted upon on 5 July, but that will be after the 30 June deadline for ...
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  • Supreme Court Ruling on Obamacare Helps Cure Energy Waste Through New LED Lighting

    Supreme Court Ruling on Obamacare Helps Cure Energy Waste Through New LED Lighting

    Independence LED (www.IndependenceLED.com) the professional lighting solutions partner with American made LED manufacturing experience and insight, announces today a positive and surprising correlation between the country's highest court and the adoption of energy saving lighting. In a major decision on Thursday June 25th, the US Supreme Court ruled that the federal subsidies that help over ...
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  • Enterprise Gives $1 Million Annual Support for American Red Cross Disaster Relief

    Enterprise Gives $1 Million Annual Support for American Red Cross Disaster Relief

    Enterprise Rent-A-Car today announced that it has joined the American Red Cross Annual Disaster Giving Program (ADGP), a select group of leading corporations that provide the highest level of support to Red Cross preparedness and relief efforts. The Enterprise Rent-A-Car Foundation, the philanthropic arm of the Enterprise brand, will donate $1 million annually through ADGP, ...
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  • Hunter Douglas Donates $300,000 For Nepal Relief

    Hunter Douglas Donates $300,000 For Nepal Relief

    Hunter Douglas Inc., the leading manufacturer and marketer of custom window fashions in North America, announced that it has donated $300,000 to Habitat for Humanity International to aid the people of Nepal following the two catastrophic earthquakes on April 25 and May 12. According to USAID, the quakes left nearly 9,000 Nepalese people dead and ...
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  • RMB Yuan Internationalization To Rebalance Global Economy

    RMB Yuan Internationalization To Rebalance Global Economy

    RMB Yuan Internationalization To Rebalance Global Economy The internationalization of Chinese currency RMB Yuan, along with a more open capital account, will rebalance the global economy for more sustainable growth, said a report published Monday. The internationalization of RMB will also facilitate a more competitive, consumer-oriented economy in China, while firms and investors in the ...
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  • Greek Fall Out, Quick Facts

    Greek Fall Out, Quick Facts

    Greece Imposed Capital Controls After Failure to Reach Deal QUOTE: The way to get things done is not to mind who gets the credit for doing them. MARKET PULSE: · Greece imposed capital controls, with daily withdrawal limits at 60 bn euros including local branches of foreign banks · The failure to reach a deal ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (Q5) Intraday: the downside prevails. Pivot: 59.65Our preference: Short positions below 59.65 with targets @ 57.5 & 56.85 in extension.Alternative scenario: Above 59.65 look for further upside with 60.45 & 60.9 as targets.Comment: The immediate trend remains down and the momentum is strong. Opinion published is an intraday view. Green Lines Represent ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) The EUR/USD gaped lower early hitting 1.0952. The bias is Bearish near term testing 1.0900. 1st resistance is seen at 1.1050. A clear break above that mark may trigger Bullish pressure filling the gap and testing 1.1130. Overall, remain Bearish and any Northside move should be ...
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  • Offshore Investors With RMB Yuan To Get More Access To Shanghai Markets

    Offshore Investors With RMB Yuan To Get More Access To Shanghai Markets

    Offshore Investors With RMB Yuan To Get More Access To Shanghai Markets $BACHY, $DB China will further open its financial markets in Shanghai to global investors as part of the country's drive for its RMB Yuan to be used globally for investment, a Shanghai financial official said. Most of China' s financial markets are housed ...
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  • RMB Yuan Trade Spikes In London, Hong Kong Is The Dominant Center

    RMB Yuan Trade Spikes In London, Hong Kong Is The Dominant Center

    RMB Yuan Trade Spikes In London, Hong Kong Is The Dominant Center China's "Belt and Road" initiative and the establishment of the Asian Infrastructure Investment Bank (AIIB) is boosting the use of RMB Yuan in cross-border transactions and investments, said a Moody's senior vice president. The International Monetary Fund's (IMF) upcoming decision whether to include ...
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  • US Treasuries Decline, US Dollar Rises

    US Treasuries Decline, US Dollar Rises

    US Treasuries Decline, US Dollar Rises US Treasury Complex US government debt declined Friday in a curve-steepening trade as Greek woes and a declining NAS 100 failed to generate buying interest. While the final revision to the Michigan Consumer Sentiment (MSI) survey was better than expected, it did not warranted a 6 bspt spike in ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Thursday. The low range close set the stage for a steady open Friday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends Tuesday's decilner, the reaction low crossing is ...
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  • HEFFX Live Update: Greece

    HEFFX Live Update: Greece

    Greece Failed to Reach an Agreement, EU Leaders to Meet Again on Saturday QUOTE: The best way to predict your future is to create it.... MARKET PULSE: · Asian equities plunged as Greece failed again to reach an agreement with its creditors. · EU Official : Eurogroup will reconvene on Greece on Saturday morning · ...
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  • Hotwire Declares This Summer 'Season of the Great American Road trip'

    Hotwire Declares This Summer ‘Season of the Great American Road trip’

    Today Hotwire.com® officially declared this summer the 'Season of the Great American Road trip' and announced a corresponding contest and two week sale on summer travel. From June 23, 2015 at 5 p.m. PST until July 6 travelers can explore the sights and sounds of summer with discounts on hotels throughout the U.S. "With Hotwire's ...
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  • US Treasuries Down, US Dollar Down

    US Treasuries Down, US Dollar Down

    US Treasuries Down, US Dollar Down US Treasury Complex US Treasuries finished in the Red Thursday Yield 2-yr: Unch at 0.68% 5-yr: +2 bpts to 1.70% 10-yr: +2 bpts to 2.40% 30-yr: +2 bpts to 3.16% News Personal Spending for May grew 0.9% m/m, better than the consensus of 0.7% and the prior reading of ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR)EUR closed higher Wednesday, but remains below the 20-Day MA crossing. The mid-range close set the stage for a steady open Thursday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends Tuesday's decliner, ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down US Treasury Complex US Treasuries finished higher today in a curve-flattening trade as uncertainty over Greece's debt crisis outweighed weak demand for the 5-yr note auction and a Bearish technical picture Yield 2-yr: +1 bpt to 0.68% 5-yr: -3 bpts to 1.67% 10-yr: -4 bpts to 2.37% 30-yr: -5 ...
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  • US Dollar Outlook

    US Dollar Outlook

    The US dollar and bond yields rose yesterday as prospects for a Federal Reserve interest rate hike this year improved, while optimism that a deal could still be at hand to stave off a Greek default boosted European shares and kept a floor under US stocks. A seven-year high in new US single family home ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (Q5) Intraday: further upside. Pivot: 60.5Our preference: Long positions above 60.5 with targets @ 61.8 & 62.2 in extension.Alternative scenario: Below 60.5 look for further downside with 59.6 & 59.3 as targets.Comment: The RSI is above its neutrality area at 50%. Opinion published is an intraday view. Green Lines Represent Resistances | ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) The EUR/USD saw strong Bearish action Tuesday bottoming at 1.1133. The bias is Bearish near term testing 1.1100 – 1.1050. 1st resistance is seen at 1.1200. A clear break above that mark could drive price Neutral for a test at 1.1250/80. Overall, prefer a Bearish outlook ...
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  • Look Out, Here Comes the Fed

    Look Out, Here Comes the Fed

    FOCUS: FED's Governor eyes on 2 Interest rate hike this year QUOTE: Making money is art and working is art and good business is the best art. MARKET PULSE Japanese shares hit an 18-year high Fed's Governor Powell: 2 rate hikes possible this year Greek government confident over debt deal, faces Athens backlash Oil prices ...
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  • China's RMB Yuan Penetrating International Market Transactions

    China’s RMB Yuan Penetrating International Market Transactions

    China's RMB Yuan Penetrating International Market Transactions $HBSC, $MCO Offshore RMB Yuan bonds will grow moderately in Y 2015, though offshore issues declined Y-Y in Q-1 on the back of falling onshore interest rates, a Moody's report said Tuesday. China's "Belt and Road" initiative and the establishment of the Asian Infrastructure Investment Bank (AIIB) further ...
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  • US Treasuries Whipsaw, US Dollar Up

    US Treasuries Whipsaw, US Dollar Up

    US Treasuries Whipsaw, US Dollar Up US Treasuries drop and recover on strong new home sales T-Notes and T-Bonds edged lower Tuesday after a renewed global appetite for risk and stronger US data left the complex without much buying interest. The losses were broadly shared across the curve Yield 2-yr: +2 bpts to 0.69% 5-yr: ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Monday. The low range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are turning Neutral to Bullish indicating that a low is in of close. Closes above the 20-Day MA crossing are needed to confirm that ...
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  • US Dollar Up, US Treasuries Hammered

    US Dollar Up, US Treasuries Hammered

    US Dollar Up, US Treasuries Hammered US Treasury Complex Treasuries got hammered by Housing data, Greek optimism The US Treasury market sold off overnight on optimism over a solution to Greece's debt crisis. The Greek 10-yr yield was down 145 bpts Monday morning and European exchanges rallied sharply. After better-than-expected Existing Home Sales data in ...
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  • Euro group meeting on Greece woes EUR/USD

    Euro group meeting on Greece woes EUR/USD

    FOCUS: Euro group meeting on Greece woes QUOTE: If you don't drive your business, you will be driven out of business MARKET PULSE European Central Bank has agreed to pump more funds into Greek banks EU welcomes 11th-hour Greek Prime Minister Alexis Tsipras proposals in 'forceps delivery' Fed's Williams says Normal Fed funds rate is ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (N5) Intraday: further advance. Pivot: 59.75Our preference: Long positions above 59.75 with targets @ 60.9 & 61.4 in extension.Alternative scenario: Below 59.75 look for further downside with 59.22 & 58.85 as targets.Comment: The RSI is well directed. Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) The EUR/USD extended its Bullish momentum last week topping at 1.1435. The bias is Bullish near term but from a longer term look, prefer a Bearish scenario in here and the 1.1380 – 1.1465 area is a good place to sell targeting 1.1180 – 1.1050 with ...
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  • US Dollar Dollar Down, US Treasuries Up

    US Dollar Dollar Down, US Treasuries Up

    US Dollar Dollar Down, US Treasuries Up US Treasury Complex The US Treasury complex drove North Friday with big gainers in maturities of 5 yrs and longer. The only potentially market-moving event was San Francisco Fed President John C. Williams' speech and it ended up being more of the same. The Eurogroup meets Monday to ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Thursday. The high range close set the stage for a steady to high Friday. Stochastics and the RSI are overbought but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off ...
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  • US Dollar Down, US Treasuries Mostly Lower

    US Dollar Down, US Treasuries Mostly Lower

    US Dollar Down, US Treasuries Mostly Lower The US Dollar (.DXY) Index is down 0.31% to 94.00 EUR/USD: +0.23% to 1.1381 The Eurogroup meeting today produced no results and Greece's departure from the Eurozone looks like a very real possibility...who knows. Donald Tusk, European Council president, has called a meeting of Eurozone leaders Monday Greece's ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Wednesday. The high range close sets the stage for a steady to higher open Thursday. Stochastics and the RSI are overbought but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single resumes the rally off ...
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  • US Dollar Off, US Treasuries Mixed

    US Dollar Off, US Treasuries Mixed

    US Dollar Off, US Treasuries Mixed US Treasury Complex The US Treasury complex went deep into the Red Wednesday morning. The FOMC statement and Fed Chairwoman Yellen's press conference remarks were interpreted dovishly by the market driving all maturities except for the 30-yr T-Bond into the Green Yield 2-yr: -4 bpts to 0.65% 5-yr: -5 ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Tuesday. The low range close set the stage for a steady to lower open Wednesday. Stochastics and the RSI are overbought and turning Neutral to Bearish indicating that sideways to lower prices are possible near term. Closes below the 20-Day MA crossing are ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up US Dollar (.DXY) Index EUR/USD: -0.33% to 1.1241 The specter of Greece defaulting on its obligations sent its 10-year sovereign yield up 59 bpts to 12.62% GBP/USD: +0.35% to 1.5652 UK inflation came out as expected. The May CPI grew 0.2% M-M, in line with estimates and the prior ...
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  • Florida Lawmakers Pass Tax Cut for Rich People who Spend More Than $1 Million on Yacht Repairs

    Florida Lawmakers Pass Tax Cut for Rich People who Spend More Than $1 Million on Yacht Repairs

    The Florida legislature on Monday passed a tax cut package that included a break for yacht owners who spend more than $1 million on repairs. The Associated Press noted that the provision capping taxes on boat repairs at $60,000 was tucked away in a package of more than $400 million in tax cuts. During a ...
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  • USDINR Update

    USDINR Update

    Continuing its declining trend, India export has narrowed to USD 22.34 billion in May in comparison to USD 22.05 billion month on month basis, registering a contraction for sixth straight month. Meanwhile, India's export an year ago in May 2014 stood at USD 27.99 billion, which is 20.19 per cent lower in dollar terms. However, ...
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  • FX News: Need to Know

    FX News: Need to Know

    MIXED BAG: US Mixed Data, EUR Rallies in-spite of Greece on Inflation & Revival hopes QUOTE: If one does not know to which port one is sailing, no wind is favorable. MARKET PULSE Latest negotiations on Greece's bailout fell apart. Oil fell 1.3 % in New York Wholesale prices in the U.S. rose in May ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (N5) Intraday: further advance. Pivot: 59.2Our preference: Long positions above 59.2 with targets @ 60.95 & 61.25 in extension.Alternative scenario: Below 59.2 look for further downside with 58.7 & 57.85 as targets.Comment: The RSI is well directed. Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Monday. The high range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are oversold but still Neutral to Bearish indicate that sideways to lower prices are possible near term. If the single currency extends the decline ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up The US Dollar (.DXY) Index was down 0.08% to 94.90, giving back its overnight gains after US Industrial Production missed estimates (Actual -0.2% Vs. the consensus at +0.3%) EUR/USD: -0.02% to 1.1257 The ZEW Institute's Index of Expectations for Economic Growth for the eurozone in June will be released ...
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  • The Death of Money

    The Death of Money

    STEVE MEYERS: My name is Steve Meyers. And I want to thank you for taking part in this exclusive Money Morning interview with Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (N5) Intraday: capped by a negative trend line. Pivot: 61Our preference: Short positions below 61 with targets @ 59 & 57.85 in extension.Alternative scenario: Above 61 look for further upside with 61.8 & 62.7 as targets.Comment: As long as 61 is resistance, likely decline to 59. Opinion published is an intraday view. ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR)EUR closed lower Friday. The high range close set the stage for a steady to higher open Monday. Stochastics and the RSI are overbought but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off ...
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  • The FX Impact of MERS Outbreak

    The FX Impact of MERS Outbreak

    South Korea's outbreak of the potentially deadly MERS virus on Thursday forced the central bank to cut its key interest rate to ward off greater economic damage, as retailers report a slump in business. And in what has become the largest outbreak of Middle East Respiratory Syndrome (MERS) outside Saudi Arabia, Seoul reported 14 new ...
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  • US Treasuries Flat, US Dollar Falls

    US Treasuries Flat, US Dollar Falls

    US Treasuries Flat, US Dollar Falls US Treasury Complex US Governments seesawed Friday. US Treasuries sold off this morning after the May PPI was released, recovered on safe-haven demand during the equity sell-off, and then gave back the gains to finish unchanged on the day. Yield 2-yr: Unch at 0.72% 5-yr: Unch at 1.73% 10-yr: Unch ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Thursday. The mid-range close set the stage for a steady open Friday. Stochastics and the RSI are overbought but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off of the ...
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  • US Treasuries Rally, US Dollar Up

    US Treasuries Rally, US Dollar Up

    US Treasuries Rally, US Dollar Up US Treasury Complex US Treasuries rallied Thursday, the Treasury complex reminded participants that it can trade in both directions daily,  as the yield curve flattened and all maturities climbed despite better-than-expected economic data Yield 2-yr: -1 bpt to 0.72% 5-yr: -6 bpts to 1.73% 10-yr: -10 bpts to 2.39% ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Wednesday. The mid-range close sets the stage for a steady to higher open Thursday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If single currency extends the rally off of the May lows, the May ...
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  • Bill Gross, "Don't Fight The Fed, Be Very Afraid"

    Bill Gross, “Don’t Fight The Fed, Be Very Afraid”

    Bill Gross, "Don't Fight The Fed, Be Very Afraid" Bill Gross of Janus Capital Group says, that that while it’s common nature for investors to treat everything the Federal Reserve says as scripture, he agrees with the adage of “Don’t Fight the Fed” but with one caveat. “I have a coffee mug that says ‘Don't ...
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  • US Dollar Falls, US Treasuries Finish Lower

    US Dollar Falls, US Treasuries Finish Lower

    US Dollar Falls, US Treasuries Finish Lower The US Dollar (.DXY) Index Falls The Buck lost against all peers Wednesday. .DXY fell 0.52% to 94.67 The US Treasury saw its deficit decrease to $82.4-B in May from a -$130.0-B deficit in April, consensus called for -$85.0-B EUR/USD: +0.28% to 1.1318 French and Italian Industrial Production ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Tuesday. The mid-range close set the stage for a steady to higher open Wednesday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off of the May ...
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  • US Dollar Down, US Treasuries Traded Down

    US Dollar Down, US Treasuries Traded Down

    US Dollar Down, US Treasuries Traded Down US Dollar (.DXY) falls on positive data Strong Wholesale Inventories for April and a higher-than-expected April JOLTS failed to keep .DXY in the Green today. The gravitational force of normalizing European sovereign debt yields is pulling money East across the Atlantic and even a strong May employment report ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR)EUR closed higher Monday. The high range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are Neutral to Bullish signaling that sideways to higher prices are possible near term. If the single currency extends the rally off of the May ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up US Dollar down against all peers .DXY fell 1.06% Monday to 95.28 on US President Barack Hussein Obama calling the strong dollar a problem in a private conversation at the G-7 meeting in Germany The Employment Situation Report for May released Friday showed strong headline job creation and wage ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (WTI) (N5) Intraday: further advance. Pivot: 58.15Our preference: Long positions above 58.15 with targets @ 60 & 60.83 in extension.Alternative scenario: Below 58.15 look for further downside with 57.26 & 56.57 as targets.Comment: The RSI is mixed to bullish. Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Friday. The low range close set the stage for a steady to lower open Monday. Stochastics and the RSI are oversold but are still Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends its ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Dollar (.DXY) Index .DXY recovered some from what would have otherwise been a bad week after May's Employment Situation Report showed that the US economy added 280-K NFP jobs. Previous estimates were revised up by 32-K, so the report was more positive than the headline number showed. Workers ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Thursday. The low range close sets the stage for a steady to higher open Friday. Stochastics and the RSI are oversold and turning Neutral to Bullish indicating that a low is in or close. Closes above the 20-Day MA crossing are needed to ...
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  • US Treasuries Clawing Back, US Dollar Falling Down

    US Treasuries Clawing Back, US Dollar Falling Down

    US Treasuries Clawing Back, US Dollar Falling Down US Treasury Complex US Treasuries began the session deep in the Red, falling with European sovereign debt, but made their way back throughout the session to end near highs. The yield curve flattened, with 2's/10's narrowing 5 bps to 165 bpts and 5's/30's coming in 2 bpts ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Wednesday. The high range close set the stage for a steady to higher open Thursday. Stochastics and the RSI are oversold, and turning Neutral to Bullish indicating that a low is in or close. Closes above the 20-Day MA crossing needed to confirm ...
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  • US Dollar Falls, US Treasuries Dive

    US Dollar Falls, US Treasuries Dive

    US Dollar Falls, US Treasuries Dive US Dollar (.DXY) Index .DXY fell Wednesday despite the Buck gaining against all majors but EUR. The single currency makes up about 60% of the index EUR/USD: +0.85% to 1.1248 Eurozone unemployment fell by 130-K in April and the unemployment rate declined to 11.1% from 11.2% in March. The ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Tuesday. The high range close set the stage for a steady to higher open Wednesday. Stochastics and the RSI are oversold and turning Neutral to Bullish indicating that a low might be in or close. Closes above the 20-Day MA crossing are needed ...
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  • Europe Remains in Crisis

    Europe Remains in Crisis

    Economic data from the Eurozone this week has seen a recurring theme of surpassing market expectations with the most recent manufacturing data being a case in point. It wasn't just the Eurozone as a whole that saw Markit's manufacturing PMI come in above the 50.0 level once again, which indicates expansion, but the likes of ...
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  • US Dollar Down, US Treasuries Down Sharply

    US Dollar Down, US Treasuries Down Sharply

    US Dollar Down, US Treasuries Down Sharply The US Dollar (.DXY) Index lost Vs all peers Tuesday, it is down 1.56% to 95.87 EUR/USD rallied 2.19% today to 1.1164 after higher European sovereign yields attracted international capital back to Europe from the United States. Eurozone CPI grew a higher-than-expected 0.3% Y-Y in May. Prices were flat ...
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  • FX News: Traders Take Beating on USD

    FX News: Traders Take Beating on USD

    Foreign-exchange traders just can't seem to figure out the dollar - and it's costing them lots of money. An index tracking returns of 14 top currency funds just posted its first back-to-back monthly decline in more than a year. Parker Global Strategies' measure fell 1.1% last month after dropping 0.7% in April. Analysts attributed April's ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Monday. The mid-range close set the stage for a steady to lower open Tuesday. Stochastics and the RSI are oversold but turning Neutral to Bullish indicating that a low is in or close. Closes above the 20-Day MA crossing are needed to confirm ...
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  • Dubai FX Market Update

    Dubai FX Market Update

    MARKET PULSE Australian Central Bank keeps rates unchanged at 2.00% The US ISM factory index rose to a three-month high of 52.8 in May from 51.5 a month earlier US payrolls figures for May are due on Friday. US data showed construction spending surged in April UK domestic economic data pointed to a weak manufacturing ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Dollar (.DXY) Index .DXY rallied 0.51% to 97.40 on the back of a better-than-expected report from the Institute of Supply Management (ISM), it increased to 52.8 in May from 51.5 in April EUR/USD fell 0.47% after the ISM release, despite Manufacturing PMI's in Europe that generally beat expectations. ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) The EUR/USD bottomed at 1.0818, and closed higher at 1.0989 last Friday. The bias is Bullish near term testing 1.1050. Overall, still Bearish and any Northside pullback in here should be seen as a good opportunity to sell targeting 1.0670. On the Northside, a clear break ...
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  • FX ASIA: Japan, Korea, China

    FX ASIA: Japan, Korea, China

    The yen's slide to a 12-year low is drawing the ire of authorities in South Korea and Taiwan as the two economies seek to reverse a drop in exports. The Japanese currency fell to 124.46 a dollar on Thursday, the weakest level since late 2002, as an improving US economy boosted bets the Federal Reserve ...
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  • US Dollar Flat, US Treasuries Rallied

    US Dollar Flat, US Treasuries Rallied

    US Dollar Flat, US Treasuries Rallied US Treasury Complex The US Treasury complex drove North Friday on the weak Q-1 GDP number (-0.7%) and the Chicago PMI that showed the 2nd sub-50 reading for Y 2015. The 5-yr led the gainers. Yield 2-yr: -2 bpts to 0.61% 5-yr: -4 bpts to 1.48% 10-yr: -2 bpts ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Thursday. The high range close set the stage for a steady to higher open Friday. Stochastics and the RSI are oversold but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends its decliner, ...
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  • US Treasuries Down, US Dollar Down

    US Treasuries Down, US Dollar Down

    US Treasuries Down, US Dollar Down US Treasury Complex The front end gained and bonds lost ground today in a trade after data showed an improving U.S. economy but played second fiddle to risk from Greece and China Yield 2-yr: -3 bpts to 0.62% 5-yr: -2 bpts to 1.51% 10-yr: Unch at 2.13% 30-yr: +2 ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Wednesday. The mid-range close set the stage for a steady to higher open Thursday. Stochastics and the RSI are oversold but still Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decline, the ...
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  • US Treasuries Unchanged, US Dollar Stalls

    US Treasuries Unchanged, US Dollar Stalls

    US Treasuries Unchanged, US Dollar Stalls US Treasury Complex The US Treasury complex held onto most of its gainer from Tuesday, excepting the 2-yr Note which did not participated in the flight to quality. The yield curve continued its flattening posture as well, with 2's and 5's losing ground while bonds marked a 2-wk high ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed sharply lower Tuesday. The low range close set the stage for a steady to lower open Wednesday. Stochastics and the RSI are oversold , and still Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up US Treasury Complex The yield curve flattened Tuesday as participants bought 10-yr Notes and Bonds in response to falling global equities. The 2-yr/10-yr yield spread came in 7 bpts to 153 bpts and 5's/30's fell 5 bpts to 138 bpts Yield 2-yr: Unch at 0.61% 5-yr: -4 bpts to ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) The EUR/USD maintaining its Bearish bias and hit 1.0929 early Tuesday testing 1.0900 – 1.0850. 1st resistance is seen at 1.0985. A clear break above that mark could push price to Neutral near term testing 1.1050, Overall, prefer the Bearish scenario in here, and any Northside ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Dollar + 3% on the week .DXY rose a full percentage point after the Core Consumer Price Index for April rose 0.3%, the consensus called for +0.2%. The Headline CPI grew 0.1%, in line with the  consensus, but lower than the +0.2% in March Higher prices could mean sooner ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Thursday but is still below the 20-Day MA crossing. The mid-range close set the stage for a steady to lower open Friday. Stochastics and the RSI are becoming oversold but are Neutral to Bearish indicating that sideways to lower prices are possible near ...
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  • Bitcoin And Legal Marijuana

    Bitcoin And Legal Marijuana

    Bitcoin And Legal Marijuana Few banks are serving Bitcoin and the legal Marijuana businesses because of the uncertain regulatory status, and those that do are charging hefty fees, according to an American Banker story. "Banks are looking at all the risk factors and saying, ‘I have more on the line to bank this industry and ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Wednesday. The mid-range close set the stage for a steady to lower open Thursday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. Wednesday's close above the 20-Day MA crossing confirms that a short ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up US Treasury Complex US Treasuries finished up, the government securities rallied Wednesday, with 2's and 5's making new highs on the day after the release of the Dovish April FOMC minutes Yield 2-yr: -3 bpts to 0.59% 5-yr: -5 bpts to 1.55% 10-yr: -4 bpts to 2.25% 30-yr: -2 bpts ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Tuesday. The low range close set the stage for a steady to lower open Wednesday. Stochastics and the RSI are turning Neutral to Bearish signalling that a short term top is close. Closes below the 20-Day MA crossing are needed to confirm that ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Dollar (.DXY) Index gains for 2nd day running The Buck is rallying Vs peers day, with the .DXY up 1.11% to 95.27. The 1st wave of gains came after the ECB announced that it would front-load its asset purchase program to take advantage of better market liquidity in May ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed lower Monday. The low range close set the stage for a steady to lower open Tuesday. Stochastics and the RSI are turning Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the rally off of ...
    read more »

  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Treasuries gave back Friday's gains Monday Most of Friday's relief rally in the US Treasury complex evaporated Monday. The yield curve steepened, as it has been doing in most of the April/May sell-off, perhaps reflecting stronger economic growth or a Fed that is behind the curve in the ...
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  • Focus: Bond Yields And USD Fall, Rate Hike Not Seen Till Year's End If Then

    Focus: Bond Yields And USD Fall, Rate Hike Not Seen Till Year’s End If Then

    Focus: Bond Yields And USD Fall, Rate Hike Not Seen Till Year's End If Then $.DXY, $GLD, $SLV, $PPLT, $USO, $UGA, $UNG, Soft US data dampens rate hike expectations; bond yields and USD fall in response. The yield on 10-yr US Treasuries fell 8.9 bpts at 2.14% at close Friday. The US Dollar (.DXY) Index ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Friday. The high range close set the stage for a steady to higher open Monday. Stochastics and the RSI are overbought but still Neutral to Bullish indicating that sideways to higher prices are possible near term. If EUR extends the rally off of ...
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  • Dollar Bulls Taking Profits In Here

    Dollar Bulls Taking Profits In Here

    Dollar Bulls Taking Profits In Here The Buck moved South toward a 4 month low last week after flat retail sales became the latest data to undermine notion of US Fed interest-rate increases any time soon. The USD rose for 9 straight months through March on speculation the 1st fed funds rate hike was looming. The ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down US Treasury Complex The Treasury complex; all maturities except the 30-yr ending positively on the week. The yield curve flattened sharply with 2's/10's coming in 9 bpts to 160 bpts and 5's/30's narrowing 7 bpts to 146 bpts Yield 2-yr: -1 bpt to 0.54% 5-yr: -5 bpts to 1.46% ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro (EUR) EUR closed higher Thursday and just above the 25% Fibo retracement mark of the 2014-2015 decliner. The high range close set the stage for a steady to higher open Friday. Stochastics and the RSI are diverging and turning Neutral to Bullish indicating that sideways to higher ...
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