Currencies

  • China Europe Road to Boost Trade

    China Europe Road to Boost Trade

    China will intensify its efforts to revive ancient trade routes this year as the country continues to develop the Belt and Road Initiative, according to a top level meeting on Tuesday. The Belt and Road Initiative, proposed by China in 2013, is a trade and infrastructure network that includes the Silk Road Economic Belt and ...
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  • IMF Warn on Greece

    IMF Warn on Greece

    The International Monetary Fund said Thursday that talks soon to open on a third EU-IMF huge bailout for the Greek economy will not be easy. "To move forward we need sufficient progress to assess policy reforms, commitment, and implementation and financing," said Fund spokesman Gerry Rice. "Clearly it's a difficult path ahead, we're just at ...
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  • HEFFX Market Update

    HEFFX Market Update

    HEFFX Market Update MARKET PULSE Forecast: U.S. unemployment declined, while orders for durable goods rose US Housing Recovery in Full Swing as Sales at Eight-Year High U.S. futures contracts: 40 % likelihood that the Fed will hike Sep and a 74 % in Dec The Fed announces its policy decision on July 29. Greek parliament ...
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  • Thursday's Technical Analysis: EUR/USD

    Thursday’s Technical Analysis: EUR/USD

    Thursday's Technical Analysis: EUR/USD The 1 hr chart of the EUR/USD shows that it may have formed a near-term Double Top at 1.0965. This augurs more price weakness and may see the world's most heavily traded FX pair break below May's low and Key support at 1.0820 before heading further South in the weeks ahead. ...
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  • Greece an Endless Cycle of Errors

    Greece an Endless Cycle of Errors

    Greek lawmakers began another emergency debate today on further economic reforms demanded by international creditors in return for a new bailout _ a vote that could threaten the survival of the coalition government. The vote on changes to the judicial and banking sectors is one of the requirements that Greece's European creditors insisted upon for ...
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  • HEFFX Trade Alerts

    HEFFX Trade Alerts

    MARKET PULSE INR one-month implied volatility, slid to 4.77 % on Tuesday, lowest since Feb 2008 Indian companies have raised about $13 billion from global bond issues so far in 2015 Indian corporate foreign-currency bonds issuance was a record $22.05 billion last year Today: BOE publishes minutes of MPC meeting ECB officials to hold a ...
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  • Wednesday's Technical Analysis: EUR/USD

    Wednesday’s Technical Analysis: EUR/USD

    Wednesday's Technical Analysis: EUR/USD Technical speaking, Wednesday's rally will complete the clear Morning Star* candlestick pattern on the daily. This rare 3-candle pattern shows a shift from selling to buying pressure and often marks the setting a near-term market bottom. However, the pair remains within its near-term Bearish channel, and the MACD is still indicating ...
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  • BRICS Get a $100b Bank to Challenge US Power

    BRICS Get a $100b Bank to Challenge US Power

    A new 100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders. The "New Development Bank", backed by the so-called emerging BRICS nations Brazil, Russia, India, China and South Africa, has been viewed as a challenge to Washington-based ...
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  • Greece to Over Tax Economy, Set Path to Collapse

    Greece to Over Tax Economy, Set Path to Collapse

    Greece's government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners. Greeks woke up to widespread tax rises -- on everything from sugar and cocoa to condoms, taxis and funerals -- as part of the ...
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  • China: 5 Year Plan Prepares for Lower Growth Targets

    China: 5 Year Plan Prepares for Lower Growth Targets

    China will continue to focus on economic development and maintain the “medium-high growth rate" of its economy, top leaders said at a meeting yesterday. The country is aiming for a development pattern of “higher quality, efficiency, equality and sustainability,’’said a statement issued after the meeting of the Political Bureau of the Communist Party Central Committee. ...
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  • China Remains an Investment Hotspot

    China Remains an Investment Hotspot

    Foreign investment into China increased by 8 percent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said. Foreign direct investment, which excludes financial sectors, totaled US$68.41 billion during the January-June period, the ministry said. “Both the proportion and the transaction value ...
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  • Yuri Milner and Stephen Hawking Announce $100 Million Breakthrough

    Yuri Milner and Stephen Hawking Announce $100 Million Breakthrough

    Yuri Milner was joined at The Royal Society today by Stephen Hawking, Martin Rees, Frank Drake, Geoff Marcy, Pete Worden and Ann Druyan to announce the unprecedented $100 million global Breakthrough Initiatives to reinvigorate the search for life in the universe. The first of two initiatives announced today, Breakthrough Listen, will be the most powerful, ...
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  • China Moves Carefully Towards RMB Yuan's Globalization

    China Moves Carefully Towards RMB Yuan’s Globalization

    China Moves Carefully Towards RMB Yuan's Globalization The rise of Gold as part of China's international reserves and the central bank recently publishing RMB Yuan-denominated external debts are conducive to a stable RMB Yuan, analysts said Monday. Official data showed the nation's Gold reserves are at 1,658 tonnes at the end of June, plus nearly ...
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  • USDPHP Philippines Economic Update

    USDPHP Philippines Economic Update

    FOREIGN business organizations in the Philippines have urged the Aquino administration to reexamine its business and investment policies anew as they expressed concern over the declining inflow of foreign direct investments (FDIs) into the country. “I think it’s important to be aware that Southeast Asia is now the fastest-growing economy and getting the most rise ...
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  • Commodity Index 13 year low, Gold 5 year low, CAD and AUD 6 years low

    Commodity Index 13 year low, Gold 5 year low, CAD and AUD 6 years low

    Commodity Index 13 year low, Gold 5 year low, CAD and AUD 6 years low Trade Live with Mario Marciano QUOTE: If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem. - MARKET PULSE INR 1-month implied volatility drops 6 bps to 4.8200%, intraday 4.7900 ...
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  • Greek Bank Shutdown Cost Economy 3 Billion Euros

    Greek Bank Shutdown Cost Economy 3 Billion Euros

    The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros (3.3 billion) not counting lost tourism revenue, a report said Saturday. Citing commerce groups, the Kathimerini daily said the retail trade alone had suffered a 600-million-euro loss, with apparel taking the main blow. Exports also suffered a 240-million-euro hit, ...
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  • EURUSD Greek Banks to Open Conditionally

    EURUSD Greek Banks to Open Conditionally

    Greek banks prepared to reopen today after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price increases. The shutdown is estimated to have cost the economy some 3 billion euros in market shortages and export disruption, with a block on money transfers to foreign banks and a ban ...
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  • Greece Drifts Closer to the Abyss

    Greece Drifts Closer to the Abyss

    The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros (3.3 billion) not counting lost tourism revenue, a report said Saturday. Citing commerce groups, the Kathimerini daily said the retail trade alone had suffered a 600-million-euro loss, with apparel taking the main blow. Exports also suffered a 240-million-euro hit, ...
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  • The Mandrake Mechanism

    The Mandrake Mechanism

    The Mandrake* Mechanism $DXY, $GLD, $SLV The American 'Buck' has no intrinsic value. It is a classic example of fiat (paper) money with no limit to the quantity that can be produced, aka printed. Its primary value lies in the willingness of people to accept it and, to that end, legal tender laws require them ...
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  • Bank of America Addresses a Big Decrease in Legal Costs

    Bank of America Addresses a Big Decrease in Legal Costs

    Bank of America reported Wednesday a big jump in quarterly earnings in results that were lifted by a major drop in legal expenses from the year-ago period. Earnings for the second quarter were 5.3 billion, up from 2.3 billion in the 2014 quarter, when the company had a 4.0 billion charge for litigation expenses. Revenues ...
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  • New York State Carbon Tax Effort Gains Momentum According to Network for Sustainable Financial Markets

    New York State Carbon Tax Effort Gains Momentum According to Network for Sustainable Financial Markets

    The New York State Carbon Tax effort, led by Sara Hsu of SUNY New Paltz and Mark Dunlea of the Green Education and Legal Fund, has evolved from a revenue neutral proposal into a combined tax credit and investment proposal, which would allow for tax credits to low income groups as well as for investment ...
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  • Jim McLean Golf School at Trump National Doral Greatly Improved

    Jim McLean Golf School at Trump National Doral Greatly Improved

    The majority of the construction is now finished on what has been a $250 million renovation at Trump National Doral in Miami, Florida and among many of the improvements is the Jim McLean Golf School located on the north end of the driving range. The new state of the art golf training facility features a ...
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  • US Rate Jump Certain

    US Rate Jump Certain

    The Fed has kept its short-term interest rate near zero for more than six years. Most economists believe the Fed will pull the trigger on rates in September. The dollar rose to a session high against a basket of currencies on the data, while prices for U.S. Treasuries fell. In the 12 months through June, ...
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  • AUDUSD Economic Index® (LEI) for Australia

    AUDUSD Economic Index® (LEI) for Australia

    The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in May to 104.8 (2010 = 100), following a 0.3 percent decline in April, and no change in March. At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.3 percent in May ...
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  • China Gets Another Downgrade

    China Gets Another Downgrade

    The Asian Development Bank Thursday trimmed its growth forecasts for China and developing Asia this year and next owing to weakness the world's number two economy. However, it said a pick-up in investment and the removal of red tape in India's economy would continue to boost growth in the country but urged New Delhi must ...
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  • QIA and CapitaLand Work Together to Set up $600m fund

    QIA and CapitaLand Work Together to Set up $600m fund

    Qatar Investment Authority (QIA) has entered into a joint venture with Singapore's CapitaLand Limited's wholly-owned subsidiary Ascott Serviced Residence(Global) Investment. The 50:50 joint venture is to set up a US600m serviced residence fund with an initial focus on Asia Pacific and Europe. This is Ascott's largest private equity fund to date. CapitaLand is one of ...
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  • AUD/USD Time for a Rally?

    AUD/USD Time for a Rally?

    Australian business confidence jumped to a 22 month high in June as conditions improve, a National Australia Bank (NAB) report showed on Tuesday. But it also showed firms remain reluctant to hire or invest despite the upbeat mood. The NAB monthly survey showed business confidence index rose from 8 to 10 points last month, its ...
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  • Fed Rates Will Rise

    Fed Rates Will Rise

    Federal Reserve Chair Janet Yellen stuck to her forecast for an increase in the Fed's key interest rate later this year on Wednesday, predicting a pickup in the US economy. But Yellen also warned that continued turbulence from Greece and China poses risks to the US growth picture. In prepared testimony to Congress, Yellen said ...
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  • HEFFX Live Trading Update

    HEFFX Live Trading Update

    MARKET PULSE Greece's parliament votes on reforms to qualify for a bailout plan Greek PM agreement to austerity measures sparked a revolt in his own party U.S. retail sales fell in June US- Retail Sales fell by 0.3 % in June, vs. a 0.3 % gain forecast Chinese growth outpaced economists' forecasts in the second ...
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  • HEFFX FX News Summary

    HEFFX FX News Summary

    MARKET PULSE Greece reached an agreement with its creditors Bank of Japan begins a two-day policy meeting today Australia's business confidence reached its highest since September 2013. Greek PM Alexis Tsipras on Monday agreed to EU European demands The Greece agreement will qualify for as much as 86 billion euros ($95 billion) The agreement still ...
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  • Markets: Greece and The Fed

    Markets: Greece and The Fed

    QUOTE: A good head and a good heart are always a formidable combination. MARKET PULSE EU creditors want 50b euros in collateral & tough reforms passed by Wed EU demands could cause "political meltdown" in Athens Pantheon says in note; Bild says Tsipras eyeing deal, then new elections Treasury futures surge at Asia open; 10yr ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF Euro (EUR) EUR closed higher Friday. The mid-range close set the stage for a steady open Monday. Stochastics and the RSI are turning Neutral to Bullish indicating that sideways to higher prices are possible near term. Closes above the 20-Day MA crossing wil confirm that a short term ...
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  • China Growth Slows to 6.9% in Second Quarter: AFP Survey

    China Growth Slows to 6.9% in Second Quarter: AFP Survey

    China's GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world's second-largest economy. The median forecast in a poll of 14 economists indicates gross domestic product (GDP) expanded 6.9 percent in April-June, marginally down from 7.0 percent in the first ...
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  • Gold recovers as euro gains versus dollar

    Gold recovers as euro gains versus dollar

    LONDON: Gold steadied above a four-month low on Friday as the dollar tumbled against the euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was unchanged at 1159.65 an ounce by 1436 GMT. Prices touched 1146.75 on Wednesday their lowest level since March 18 when the dollar was boosted by ...
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  • Joseph Stiglitz Blames Germany for EuroCrisis

    Joseph Stiglitz Blames Germany for EuroCrisis

    Joseph Stiglitz accused Germany on Sunday of displaying a "lack of solidarity" with debt-laden Greece that has badly undermined the vision of Europe. "What has been demonstrated is a lack of solidarity by Germany. You cannot run a eurozone without a basic modicum of solidarity. It is really undermining the common sense of vision, the ...
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  • Germany Ready to Axe Greece

    Germany Ready to Axe Greece

    Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels. "It's an internal paper, it was not distributed today (at the eurozone meeting). There were two options: an improvement of ...
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  • France Steps Away from Socialism as Economy Stalls

    France Steps Away from Socialism as Economy Stalls

    France's parliament adopted a key package of economic reforms Friday, after an agonising passage in which the government forced the measures through the house without a vote three times. Prime Minister Manuel Valls on Thursday again resorted to a little-used constitutional procedure to push through the reforms -- which are seen as vital to energise ...
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  • HEFFX Trading: Significant Market Events Next Week

    HEFFX Trading: Significant Market Events Next Week

    SATURDAY, JULY 11 BRUSSELS - Euro zone finance ministers plan to start their emergency Eurogroup meeting to discuss Greece's proposals - 1300 GMT. SUNDAY, JULY 12 ATHENS - Deadline set by EU leaders to Greece to reach an agreement to save its collapsing economy from catastrophe. BRUSSELS - An emergency summit involving all 28 European ...
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  • Economic Growth is Slowing at a Global Level

    Economic Growth is Slowing at a Global Level

    The International Monetary Fund lowered its global growth forecast for 2015 to 3.3 percent Thursday, citing weaker than expected economic gains in the United States and North America. The latest estimate is down from 3.5 percent growth predicted by the Washington-based fund in April. It is also below the 3.4 percent growth reached last year, ...
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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 fell Friday as Greek PM Tsipras submitted a proposal to Greece's official creditors that accedes to all of their demands except that the proposal includes debt restructuring and a fiscal stimulus package. Fed Chairwoman Yellen spoke and said that the Fed will likely raise ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF Euro (EUR) EUR was unchanged Thursday. The mid-range close set the stage for a steady to lower 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 the decliner off of the June ...
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  • HEFFX Asian Market Trading Update

    HEFFX Asian Market Trading Update

    Shanghai's benchmark composite index was up 3.7 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen added 4.4 percent. ADVERTISING U.S. stock futures also rose, with S&P 500 mini futures jumping as high as 2061.75, up 1.0 percent from late U.S. levels. They were last up 0.9 percent. Japan's Nikkei ...
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  • European Stocks Climb at Open

    European Stocks Climb at Open

    Europe's stock markets rose at the start of trading on Thursday ahead of a deadline for Greece to submit new bailout plans, while a rebound for Chinese shares boosted sentiment. London's benchmark FTSE 100 index of leading companies added 0.27 percent to 6,507.96 points and Frankfurt's DAX 30 gained 0.44 percent to 10,795.11. The CAC ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Treasury Complex Despite a very disappointing session for the major US stock indices and a weak Initial Jobless Claims number, US Treasuries could not attract buying interest. Core European yields rose too, but not to the same degree as in the US. A tepid bond auction at 01:00p ...
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  • Bankrupt Greece Can Not Escape Terminal Debt

    Bankrupt Greece Can Not Escape Terminal Debt

    Bankrupt Greece Can Not Escape Terminal Debt While the politicians negotiate over numbers on paper and freshly printed Euro's the reality Greece is Bankrupt with no viable plan to escape. The real issue is Terminal Debt. Terminal debt is the point at which the payments on the interest of a debt surpass the revenues of ...
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  • HEFFX Trading Update: World Summary

    HEFFX Trading Update: World Summary

    MARKET PULSE Currency volatility jumped to the highest in three months Deutsche Bank Currency Volatility Index climbed to 11.1 %, ( April 2 High) Shanghai Composite Index rose 2.6 %, rebounding from an earlier 3.8 % decline. Shanghai Composite Index down 32 % from its 2015 peak in June S&P 500 fell 1.7% on concerns ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF 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 diverging but Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decliner off ...
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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 Treasury securities traded higher Wednesday as investors cut risk due to fear of contagion from Greece's debt crisis and China's diving stock market. Yield 2-yr: -4 bpts to 0.55% 5-yr: -5 bpts to 1.50% 10-yr: -5 bpts to 2.21% 30-yr:-5 bpts to 2.99% News The ...
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  • HEFFX: Greece Exit, China Stock Rout, Commodities Free Fall

    HEFFX: Greece Exit, China Stock Rout, Commodities Free Fall

    HEFFX: Greece Exit, China Stock Rout, Commodities Free Fall QUOTE: "Leaders who seek power and control end up losing both." MARKET PULSE EU-" Greece only has until Sunday to avoid an exit from the currency group" German Chancellor Angela Merkel said Tuesday she is "not especially optimistic," EC President Jean-Claude Juncker -"an exit scenario had ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF Euro (EUR) EUR closed lower on Tuesday. The low range close set the stage for a steady open Tuesday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decliner off of the June ...
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  • US Treasuries Advance, US Dollar Finishes Higher

    US Treasuries Advance, US Dollar Finishes Higher

    US Treasuries Advance, US Dollar Finishes Higher US Treasury Complex US Treasury securities finished the session in the Green. Yield 2-yr: -2 bpts to 0.57% 5-yr: -2 bpts to 1.54% 10-yr: -3 bpts to 2.26% 30-yr: -4 bpts to 3.04% News The US trade deficit widened less than expected to 41.9-B in May from a ...
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  • Ramifications from Greece in Today's Market

    Ramifications from Greece in Today’s Market

    Ramifications from Greece in Today's Market MARKET PULSE Finance ministers from the 19-member countries gather Tuesday to discuss Greece German Chancellor Angela Merkel said "time is running out" SNB confirmed in June that it sold francs to limit the currency's advance. that the central bank pledges to defend. ECB toughened collateral terms for loans to ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

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

    US Dollar Up, US Treasuries Edge Higher

    US Dollar Up, US Treasuries Edge Higher US Treasuries trade up towards close The US Treasury complex gaped higher Sunday night after Greece voters rejected the latest proposal from their government's official creditors. The initial panic faded quickly and governments sold off into mid-morning but found renewed buying interest and ended the session significantly higher ...
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  • Malaysia: Ringgit Struggles

    Malaysia: Ringgit Struggles

    Malaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister's personal accounts. The currency dropped 0.8 percent to 3.8088 against the greenback in Kuala Lumpur, the lowest level since May 1999. The ...
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  • 61% Vote against austerity, Greek exit?  Who will pay the debt?

    61% Vote against austerity, Greek exit? Who will pay the debt?

    61% Vote against austerity, Greek exit? Who will pay the debt? QUOTE: : If you want to win be in a team, if you fight you are in a unit, if you want to pass the buck be in a department MARKET PULSE Greeks voted against yielding to further austerity, raising the risk of an ...
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  • Greece Impact on FX Markets

    Greece Impact on FX Markets

    The euro fell sharply on Monday in early Asia as voters in Greece rejected the proposed bailout terms from international creditors, placing the question of the country's continued membership in the euro zone at the front and center of global financial markets as top officials from the currency block scrambled to meet to and decide ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF 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 turning Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decline off of ...
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  • Canada Economic Update

    Canada Economic Update

    The Canadian economy is likely headed for recession, two major banks said Thursday, predicting a successive contraction in the second quarter. Canada, the world’s fifth-biggest oil producer, has been hard hit by tumbling global oil prices and its economy shrank 0.6 percent at an annualized rate in the first quarter. A recession is defined as ...
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  • Finance Minister Wolfgang Schaeuble Accepts Possible EU Distruction

    Finance Minister Wolfgang Schaeuble Accepts Possible EU Distruction

    Finance Minister Wolfgang Schaeuble Accepts Possible EU Distruction Finance Minister Wolfgang Schaeuble of Germany, Greece's biggest creditor and toughest critic, said any so-called Grexit, Greek exit from the euro zone, might only be temporary. "Greece is a member of the euro zone. There's no doubt about that. Whether with the euro or temporarily without it: ...
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  • Forex Technical Analysis: EUR, GBP, JPY

    Forex Technical Analysis: EUR, GBP, JPY

    Forex Technical Analysis: EUR, GBP, JPY Euro (EUR) The Euro traded in a tight range Friday within daily 100-Day MA and daily cloud that marks initial range. The lower boundary was cracked but not broken to confirm Southside resumption and open next support at 1.0992. The near-term structure is negative and sees more weakness. Bearish ...
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  • HEFFX Daytraders Have Huge Advantage

    HEFFX Daytraders Have Huge Advantage

    • No prior trading experience needed to open an account • $2,500 minimum to open an account • A minimum of 6:1 intraday buying power leverage ($2,500 x 6 = $15,000 intraday) • 20:1 buying power $5,000 minimum ($5,000 x 20 = $100,000 intraday) • 20:1 buying power $10,000 minimum ($10,000 x 20= $200,000 intraday) ...
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  • FX News: INR most undervalued by -67.9%, CHF most overvalued by +43.7%

    FX News: INR most undervalued by -67.9%, CHF most overvalued by +43.7%

    INR most undervalued by -67.9%, CHF most overvalued by +43.7% QUOTE: I don't want yes-men around me. I want everyone to tell the truth, even if it costs them their jobs. ECONOMY SPECIAL IMF PPP data: CHF is also most overvalued currency in the world, at +43.7% relative to USD INR, at -67.9% relative to ...
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  • US Treasuries Fall, US Dollar Falls

    US Treasuries Fall, US Dollar Falls

    US Treasuries Fall, US Dollar Falls US Dollar (.DXY) Index .DXY fell 0.18% to 96.14 Thursday after the June Employment Situation Report showed that wages were flat M-M, giving the Fed more room to hold steady on rates until Y 2016 EUR/USD: +0.37% to $1.1082 The ECB announced that it would expand the scope of ...
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  • Greece: Banks Remain Closed, Europe in Ruins

    Greece: Banks Remain Closed, Europe in Ruins

    Greece: Banks Remain Closed, Europe in Ruins Financial markets, which have been relatively unmoved by the crisis were more nervous on Thursday, with the borrowing costs of Spain and Italy hitting their highest levels in several months. Credit ratings agency Standard and Poor's warned that Greece's economy would contract by another 20 percent within four ...
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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 low range close set the stage for a steady to lower open Thursday. Stochastics and the RSI are turning Neutral to Bullish indicating that sideways to higher prices are possible near term. If single currency renews the rally off of the ...
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  • 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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