Currencies

  • 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 (NYMEX) (J5) Intraday: capped by a negative trend line. Pivot: 50.6Our preference: Short positions below 50.6 with targets @ 47.65 & 46.25 in extension.Alternative scenario: Above 50.6 look for further upside with 51.5 & 52.75 as targets.Comment: As long as 50.6 is resistance, likely decline to 47.65. Trade with the World's Leading Platform ...
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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 saw Bearish action Monday. The bias is Bearish near term on sideways movement. Prefer a Bearish outlook in here, need a clear break below 1.1270 to Bearish for a test of 1.1225 – 1.1200. 1st  resistance is seen at 1.1350. A clear break above that ...
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  • Wrap Up: US Dollar Higher, US Treasuries Gain

    Wrap Up: US Dollar Higher, US Treasuries Gain

    Wrap Up: US Dollar Higher, US Treasuries Gain US Dollar (.DXY) Index GBP/ USD: Cable looked at 5-wk highs Monday, trading up 63 pips (+0.41%) to 1.6461 USD/JPY: traded a tight range as volatility in the pair continues to compress. It was down 11 pips (-0.09%) to 118.95 EUR/ USD: Traded down to test 1.13, but ...
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  • China Has Entered The Currency War

    China Has Entered The Currency War

    China Has Entered The Currency War $USDCNY The USD is up 3.5% Vs the RMB Yuan since January 2014, China has entered the Currency War. And that's a double edged sword for the world's 2nd largest economy. While the RMB Yuan's slide fuels China's export machine by making its goods cheaper in foreign currency terms, ...
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  • Has Venezuela Hit Bottom, Is it Time to Buy?

    Has Venezuela Hit Bottom, Is it Time to Buy?

    Has Venezuela Hit Bottom, Is it Time to Buy? Once a bright spot for U.S. multinationals, Venezuela has turned into a dark cloud of recurring currency devaluations, an inflation rate of 68.5 percent, shortages and mounting government controls. Labor laws make it difficult to fire workers, and companies have trouble getting parts and keeping plants ...
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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 (NYMEX) (J5) Intraday: the downside prevails. Pivot: 51Our preference: Short positions below 51 with targets @ 48.9 & 47.65 in extension.Alternative scenario: Above 51 look for further upside with 52 & 52.75 as targets.Comment: The immediate trend remains down and the momentum is strong. Trade in Emerging Markets with the World's Leading Platform ...
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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 flat ast week. Price is moving sideways between 1.1270 – 1.1530. A clear break from the range is needed for  direction. 1st resistance is seen at 1.1450. A clear break above that mark may cause more Bullish pressure testing Key resistance at 1.1530. 1st ...
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  • Week Technical Outlook For USD/CHF

    Week Technical Outlook For USD/CHF

    Week Technical Outlook For USD/CHF The outlook forUSD/CHF is contained. The current rebound is seen as a correction. Expect strong resistance below 0.9553 to limit the Northside movement, and bring near term reversal. A move below the minor support at 0.9174 will turn bias to the Southside. The bigger picture The prior break of support ...
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  • Venezuela has Strong Demand for Dollars

    Venezuela has Strong Demand for Dollars

    Venezuela has Strong Demand for Dollars Venezuelans queued up on Friday to purchase U.S. dollars in cash at exchange houses for the first time in 12 years, though prospective buyers complained the new system was tedious and few if any had yet to emerge with greenbacks in hand. President Nicolas Maduro this month launched a ...
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  • LatAm Bond Update Argentina, Brazil, Venezuela

    LatAm Bond Update Argentina, Brazil, Venezuela

    LatAm Bond Update Argentina, Brazil, Venezuela Latin American credit markets were ending the week slightly wider but well supported despite uncertainty over the outcome of negotiations between Greece and its euro-zone creditors. "The whole Greece situation is uncertain, but there is no panic," said a New York based trader. "Flows are light and if anything ...
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  • US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat US Treasury Complex US Treasuries gave back gains Friday US Treasuries rallied early on frustration with the continued gap between Greece and its creditors, but gave back the gains in the afternoon on reports that the sides reached an agreement. Greece Deal Parties agreed to a 4-month extension Greece ...
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  • China To Keep RMB Yuan Exchange Rate Stable

    China To Keep RMB Yuan Exchange Rate Stable

    China To Keep RMB Yuan Exchange Rate Stable China will continue to improve the formation mechanism of the RMB Yuan's exchange rate to keep it stable in Y 2015, according to its foreign exchange regulator. Guan Tao, head of the international payments department at the State Administration of Foreign Exchange (SAFE), said although the yuan ...
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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) The Single Currency had another flat day Thursday. There are no changes in the technical outlook. The bias is Neutral in near term. Price moving sideways. 1st support is at 1.1320. A clear break below that mark may cause Bearish pressure to test Key support at ...
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  • China Stopped Intervening In Currency Market

    China Stopped Intervening In Currency Market

    China Stopped Intervening In Currency Market The Obama Administration believes China has stopped intervening in currency markets after a July agreement with Washington, DC to minimize this activity, a top US Treasury official said Thursday. Tensions over currency policy have been a perennial bug-a-bear between Beijing and Washington and the US has pressed China for ...
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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 The US Dollar rallied Thursday against most major trading partners. The Swiss Franc (CHF) is back to its Dec high The EUR gave back most of its gains from after the release of the FOMC minutes German officials balked at the details of Greece's request ...
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  • EURUSD European Companies Struggle

    EURUSD European Companies Struggle

    The European Central Bank said Thursday that its net profit declined in 2014, due to lower interest income and higher operating expenses related to its new role as banking supervisor. The ECB said in a statement its 2014 bottom-line net profit, after subtracting risk provisions, amounted to 989 million euros, down from 1.44 billion euros ...
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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)The Single Currency was flat Wednesday. The bias is Neutral in near term. EUR is moving sideways. 1st  support is seen at 1.1320. A clear break below that mark may cause more Bearish pressure testing Key support at 1.1270. 1st resistance is seen at 1.1450. A clear ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down 10-Yr: +18/32..2.08%.. USD/JPY: 118.66.. EUR/USD: 1.1403 US Treasury Complex Gains Across the Curve Off of FOMC Minutes: The FOMC minutes from the 27-28 January meeting sent Treasury yields down sharply Initial reaction faded towards the equity close After weaker than expected PPI, Industrial Production, and Capacity Utilization numbers, the ...
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  • Russia Winning Ukraine War

    Russia Winning Ukraine War

    Putin showed no sign of backing down over Ukraine on Tuesday evening, when he urged Kiev's pro-Western leaders to let their soldiers surrender to avoid more bloodshed. Hours later, the Ukrainian withdrawal was under way. A Reuters witness saw weary Ukrainian troops, their faces blackened, some in columns, some in cars, arriving in Artemivsk, about ...
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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 saw Bullish movement Tuesday topping at 1.1447. The bias is Bullish in near term testing 1.1530. Overall, the price is moving sideways. So, prefer a Bearish scenario with sell on rallies strategy and only a clear break above 1.1530 interrupts the Bearish scenario. 1st support ...
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  • USD Unchanged, US Treasuries Hammered

    USD Unchanged, US Treasuries Hammered

    USD Unchanged, US Treasuries Hammered US Dollar (.DXY) Unchanged, as Kiwi, Aussie, and Loonie Gain Mixed ZEW survey and continued standoff between Greece. EUR/USD rallied 66 pips or .59% to 1.1399 on hope for a deal before end of February Comments about the weaker JPY last week have failed to generate sustained buying, with USD/JPY ...
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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 is trading around 1.1400. Holding above 1.1380 is positive and supports the upside move targeting 1.1485 and 1.1585 and 1.1625. Trading above 1.1400 is positive and supports Bullishness. Breaking 1.1320 threatens to negate the suggested expectations. Support: 1.1400, 1.1370, 1.1300, 1.1225, 1.1205 Resistance: 1.1470, 1.1520, ...
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  • Asia-Pacific Currencies: Ringgit And RMB Yuan Ease

    Asia-Pacific Currencies: Ringgit And RMB Yuan Ease

    Asia-Pacific Currencies: Ringgit And RMB Yuan Ease Malaysia’s Ringgit erased earlier gains as Brent Crude Oil pared its advance and on concern China’s economic slowdown will hurt demand for the Southeast Asian nation’s exports. China’s RMB Yuan traded in Hong Kong dropped the most in 3 wks Monday as the nation’s foreign-exchange regulator highlighted 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 saw some Bullish momentum last week and topped at 1.1442, overall the action is sideways between 1.1270 – 1.1530. The bias is Neutral near term. 1st resistance is seen at 1.1450. A clear break above that mark could open more Bullish pressure testing 1.1530. 1st support is ...
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  • Do Crude Oil Prices Still Power International Currency Values?

    Do Crude Oil Prices Still Power International Currency Values?

    Do Crude Oil Prices Still Power International Currency Values? The income from energy sales translates into economic power and therefore adds to or subtracts from the country’s currency value. The Big Q: Do Crude Oil prices still power currency values? The Big A: Yes, this may surprise you, as it did the currency trading community ...
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  • Emerging Markets Bond Volatility an Opportunity for Investors

    Emerging Markets Bond Volatility an Opportunity for Investors

    Black clouds are forming over emerging markets as analysts warn of a deluge of rating downgrades on the horizon, potentially triggering a torrent of forced selling as some investors exit their positions. "Not so long ago, the EM horizon was bright with potential rising stars in investor portfolios," said David Spegel, global head of emerging ...
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  • US Treasuries Fell, US Dollar Held

    US Treasuries Fell, US Dollar Held

    US Treasuries Fell, US Dollar Held US Treasury bonds took losses in Curve steepening trade Friday The main story Friday was stronger growth in the Eurozone. Some market participants are claiming that lower energy prices, a weaker Euro, and the ECB's QE program will overwhelm the deflationary forces seen in the middle of last year ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHFEuro (EUR)EUR had Bullish action Thursday and topped at 1.1422. The bias is Bullish  near term with resistance at  1.1500-1.1530. 1st support is seen at 1.1370. A clear break below that mark may push price to Neutral near term testing support at 1.1300–1.1270. Overall, prefer a Bearish stance in ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up US Treasuries lost ground overnight on headlines noting a ceasefire agreement between Russia and Ukraine, but recovered their losses on the back of a weak retail sales number. US Treasury Bulls seem to have dug in here with some success, but the negative momentum in 10-yrs and bonds from early ...
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  • US in Debt Spiral

    US in Debt Spiral

    The U.S. government said Wednesday that it ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago. The Treasury Department said that the deficit for January was 17.5 billion compared to 10.3 billion a year ago. For the first four months ...
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  • EURUSD Germany Enters Deflation Period

    EURUSD Germany Enters Deflation Period

    EURUSD Germany Enters Deflation Period Inflation in Germany, Europe's biggest economy, dipped into negative territory in January for the first time in five years, largely due to lower energy prices, data showed on Thursday. The annual rate of inflation in Germany stood at -0.4 percent last month, the federal statistics office, Destatis, calculated in final ...
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  • HEFFX Opens Emerging Markets Bonds Desk in Miami

    HEFFX Opens Emerging Markets Bonds Desk in Miami

    HEFFX Opens Emerging Markets Bonds Desk in Miami Prior to the last two decades of the twentieth century, emerging market bonds were intermittently issued by developing countries primarily in U.S. dollar denominations. In the 1980s, however, Treasury Secretary Nicholas Brady began a program to help global economies restructure their debt by issuing bonds. Many countries ...
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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 was static Wednesday. There are no changes in technical outlook. The bias is Neutral in near term. Key intra-day support is at 1.1270. A clear break below that mark may trigger more Bearish pressure testing 1.1200. 1st  resistance is seen at 1.1370. A clear break above ...
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  • US Treasuries Flat, US Dollar Up

    US Treasuries Flat, US Dollar Up

    US Treasuries Flat, US Dollar Up 10-Yr: +2/32..1.992%%.. USD/JPY: 120.29.. EUR/USD:1.1303 US Treasury complex-range-bound Wednesday was an encouraging one for participants in 10's and 30's, both instruments recovering intra-day losses to end a bit higher. Following a harsh 6 days in Treasuries, flat might be the new Up The $24-B 10-yr auction was met with ...
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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 was flat Tuesday. The bias is Neutral in near term. Key intra-day support is seen at 1.1270. A clear break below that mark may trigger more Bearish pressure testing support at 1.1200. Immediate resistance is seen at 1.1370. A clear break above that mark may trigger ...
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  • US Treasuries Flat, US Dollar Stronger

    US Treasuries Flat, US Dollar Stronger

    US Treasuries Flat, US Dollar Stronger US Treasury Complex Technical factors that kept the 10-yr yield range bound between resistance at its early January high at 2.02%, and its post-employment report high at 1.96% There was lots of news to digest, which contributed to the back and forth action Plenty of headline surround negotiations between Greece ...
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  • Russia Seeks Japan Trade Deal

    Russia Seeks Japan Trade Deal

    A Russian business lobby group made a push on Tuesday for Japanese investment as its economy struggles under Western sanctions linked to its role in the Ukraine crisis. Even as the United States and Europe delayed another round of measures while they push a peace plan, Moscow is looking for cash to replace money that ...
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  • Confirmation China is Slowing

    Confirmation China is Slowing

    Confirmation China is Slowing A collapse in global oil prices have already unleashed a wave of easings around the world as central bankers from Europe to Canada to Australia sought to defuse the deflationary pressures and bolster their economies. And more policy support is expected from Beijing after the National Bureau of Statistics said on ...
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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

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (H5) Intraday: bullish bias above 50.2. Pivot: 50.2Our preference: Long positions above 50.2 with targets @ 54.3 & 56 in extension.Alternative scenario: Below 50.2 look for further downside with 49 & 47.4 as targets.Comment: The RSI lacks downward momentum. Opinion ...
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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 The EUR/USD didn't make significant movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.1270. A clear break below that area could trigger further bearish pressure testing 1.1200 area. Immediate resistance is seen around 1.1370. A clear break above that area could ...
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  • US Treasuries Flat, US Dollar Down

    US Treasuries Flat, US Dollar Down

    US Treasuries Flat, US Dollar Down 10-Yr: +2/32..1.948%.. USD/JPY: 118.48.. EUR/USD: 1.1332. Yields along the curve were either Unchanged or down 1-2 bpts 2-yr yield Unch at 0.65% (intra-day range 0.60% to 0.67%) 5-yr yield Unch at 1.48% (intra-day range 1.42% to 1.48%) 10-yr yield -1 bpt at 1.95% (intra-day range 1.885% to 1.95%) 30-yr ...
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  • Russia: Sanctions Hurt Europe

    Russia: Sanctions Hurt Europe

    The EU has suffered 21 billion euros in lost exports as a result of sanctions against Russia over Ukraine, Spain's foreign minister said Monday as he met his counterparts to discuss further measures. "Sanctions have had a heavy cost for us all, the EU has so far lost 21 billion euros (23.7 billion). In Spain ...
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  • India Vs Pakistan Trade War

    India Vs Pakistan Trade War

    India and Pakistan have suspended trade across their de facto border in the disputed territory of Kashmir after Indian authorities detained a truck driver accused of drug trafficking Pakistan officials said Sunday.  Kashmir has been divided between India and Pakistan since the two countries won independence from Britain in 1947. Both claim the scenic Himalayan ...
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  • EURUSD Europe on Path to Split Up

    EURUSD Europe on Path to Split Up

    EURUSD Europe on Path to Split Up A senior finance ministry official in Athens told reporters that restructuring the debt and lowering the targeted primary budget surplus, before debt service payments, were among Greece's non-negotiable "red lines" for any EU negotiation. Germany, the euro zone's main paymaster, has insisted that the radical new Greek government ...
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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 (NYMEX) (H5) Intraday: bullish bias above 50.2. Pivot: 50.2 Our preference: Long positions above 50.2 with targets @ 54.3 & 56 in extension. Alternative scenario: Below 50.2 look for further downside with 49 & 47.4 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be ...
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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 EuroEUR closed lower Friday.The low range close set the stage for a steady open Monday. Stochastics and the RSI are overbought but are still Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends its rally, the reaction high crossing ...
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  • US Treasuries Down, US Dollar Up, Crude Oil Up, Gold Down

    US Treasuries Down, US Dollar Up, Crude Oil Up, Gold Down

    US Treasuries Down, US Dollar Up, Crude Oil Up, Gold Down US Treasuries finished at session lows, as the stock market failed  to get a boost out of the supportive employment report 2-yr yield +12 bpts at 0.64% 10-yr yield +12 bpts at 1.94% Some interesting action elsewhere as well US Crude Oil regained some upward ...
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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 The EUR/USD failed to continue its Bearish momentum Thursday, topped at 1.1497. Prefer a Bearish scenario in here, but the fake break below the trend line support and the fact that price is back above the hourly 200-Day EMA keeps the Bullish correction phase alive and challenging ...
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  • US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down 10-Yr: -18/32..1.81%.. USD/JPY: 117.58.. EUR/USD: 1.1474 US Treasury Complex US Treasuries were sold in overnight action and that's pretty much how they stayed throughout Thursday's trading, ending near their worst levels of the day 2-yr yield +2 bpts at 0.51% 5-yr yield +4 bpts at 1.29% 7-yr yield +5 ...
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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 EUR/USDThe EUR/USD failed to continue its Bullish correction Wednesday, bottomed at 1.1314 and hit 1.1302. This is a very interesting movement. As you can see on the hourly chart below, price slipped below a trend line support and the 200-Day EMA suggests the Bullish correction might have come ...
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  • Greece Vs Europe Continues

    Greece Vs Europe Continues

    Greece's new finance minister will meet his German counterpart Thursday, a day after the European Central Bank piled fresh pressure on Athens by cutting off Greek banks' access to a key source of much-needed cash. Yanis Varoufakis will hold his first talks with German Finance Minister Wolfgang Schaeuble, whose country is seen as the strongest ...
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  • EURUSD Greece Nears Collapse

    EURUSD Greece Nears Collapse

    EURUSD Greece Nears Collapse Prime Minister Alexis Tsipras' 10-day-old government has said it will not extend a bailout program due to expire at the end of this month and has refused to cooperate with the so-called troika of international lenders. It has also said it will reverse some unpopular measures insisted on by foreign creditors ...
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  • Indonesia Economic Outlook

    Indonesia Economic Outlook

    Indonesia's economy expanded at its slowest pace for five years in 2014, official data showed on Thursday, hit by political uncertainty and weak exports, putting pressure on the country's new president to deliver much-needed reforms. Southeast Asia's biggest economy expanded 5.01 percent year-on-year,the statistics agency said, down from 5.8 percent in 2013, and the weakest ...
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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 (NYMEX) (H5) Intraday: rebound. Pivot: 47.4Our preference: Long positions above 47.4 with targets @ 50.5 & 52.15 in extension.Alternative scenario: Below 47.4 look for further downside with 46.6 & 45 as targets.Comment: The RSI calls for a rebound. Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support ...
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  • Non-Farm Employment Report Due Friday

    Non-Farm Employment Report Due Friday

    What is Non-Farm Employment Report? The US Non-Farm Payroll is the most important economic data of the month, and if traders want to take a guess as to whether  the number is going to be stronger or weaker, they should look at the ISM manufacturing number and the ADP employment print. The ISM manufacturing index ...
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  • US Treasuries Flat to Unchanged, US Dollar Up

    US Treasuries Flat to Unchanged, US Dollar Up

    US Treasuries Flat to Unchanged, US Dollar Up US Treasury Complex US Treasury prices were up overnight action and then started to fall in the US session, the at Noon buyers returned, and what was lost in the morning was reclaimed at the close. A win for the US Treasury market. 2-yr yield hit 0.56% finished ...
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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

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (H5) Intraday: bullish bias above 49.75. Pivot: 49.75Our preference: Long positions above 49.75 with targets @ 54.3 & 55.5 in extension.Alternative scenario: Below 49.75 look for further downside with 48 & 46.6 as targets.Comment: Even though a continuation of 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 EuroEUR closed higher Tuesday.The high range close set the stage for a steady to higher open Wednesday. Stochastics and the RSI are turning Neutral to Bearish indicating that a short term top may be in or close. Closes below the 20-Day MA crossing will confirm that a short ...
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  • US Dollar (.DXY) Having A Bad Day, US Treasuries too

    US Dollar (.DXY) Having A Bad Day, US Treasuries too

    US Dollar (.DXY) Having A Bad Day, US Treasuries too The US Dollar (.DXY) Index is having its worst down day in 5 months. The DXY showed some signs of exhaustion around the 95-96 area over the past couple of days. The 17% run up since July is finally showing some signs of running out. Weaker US ...
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  • Oil Prices and the Currency War

    Oil Prices and the Currency War

    Oil prices rose again on Tuesday, extending a recent rally and providing support to regional energy stocks, while Sydney powered higher and the Aussie dollar slumped after Australia's central bank cut interest rates to record lows. The euro edged down as investors keep tabs on a tour of Europe by Greece's new leaders aimed at ...
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  • Europe Vs Greece Round 2

    Europe Vs Greece Round 2

    Spain's Budget Minister Cristobal Montoro on Monday rejected any notion of the European Union "changing the rules" over Greece's bailout, noting Spain had respected similar austerity imposed by international creditors.  The declaration came as members of Greece's new leftist government toured European capitals to make a plea for renegotiating conditions attached to its 240 billion ...
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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 (NYMEX) (H5) Intraday: further advance. Pivot: 49.75Our preference: Long positions above 49.75 with targets @ 51.7 & 53 in extension.Alternative scenario: Below 49.75 look for further downside with 48 & 46.6 as targets.Comment: The RSI lacks downward momentum. prices are supported by the 50-period ascending moving average. We have some big trades ...
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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 closed higher Monday. The high range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are Bullish indicating that sideways to higher prices are possible near term. If the single currency extends this rally, the reaction high crossing is the ...
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  • US Dollar Rolls Over On Disappointing Data

    US Dollar Rolls Over On Disappointing Data

    US Dollar Rolls Over On Disappointing Data The US Dollar (.DXY) Index has rolled over from its overnight highs. The DXY has been running into headwinds just under the 95 mark the past few sessions. But it is holding in the 94.40 area. The Key  issues at play: The recent US economic data is showing signs of the global ...
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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 (NYMEX) (H5) Intraday: further advance. Pivot: 46.6Our preference: Long positions above 46.6 with targets @ 50.6 & 51.7 in extension.Alternative scenario: Below 46.6 look for further downside with 45.6 & 43.5 as targets.Comment: The RSI is supported by a bullish trend line. 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 closed lower Friday renewing the decline off of the Dec highs. The low range close set the stage for a steady to lower open Monday. Stochastics and the RSI are Bearish indicating that sideways to lower prices are possible near term. If the single currency extends ...
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  • Countries In Currency War Used Up All Policy Tools

    Countries In Currency War Used Up All Policy Tools

    Countries In Currency War Used Up All Policy Tools Singapore's Monetary Authority, which deploys its Dollar as the principal policy lever, said Wednesday that it will seek slower appreciation of the currency, sending it to a 4-year low Vs the USD. Singapore joins countries around the world that are using monetary policy to devalue their ...
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  • EURUSD Greece Vs ECB

    EURUSD Greece Vs ECB

    EURUSD Greece Vs ECB Greece's new government opened talks on its bailout with European partners on Friday by refusing to extend the program or to cooperate with the international inspectors overseeing it. Separately, the French finance ministry said on Saturday that Greek Finance Minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in ...
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  • USDJPY Update: Unemployment

    USDJPY Update: Unemployment

    Japan's jobless rate in December eased 0.1 percentage point from the previous month to 3.4 percent, government data showed Friday. The number of unemployed people has dropped to 2.28 million, down 0.4 percent from November, and that of people holding jobs increased 0.7 percent to 63.88 million, the internal affairs ministry said. Trade FX, Equities ...
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  • Taiwan Economic Update

    Taiwan Economic Update

    Taiwan Economic Update Taiwan's economic growth slowed in the three months to December in 2014 due to lower-than-expected overseas demand for goods and weaker domestic spending, government estimates showed Friday. The Taiwanese economy grew 3.17 percent in the fourth quarter year-on-year, lower than the previous three quarters but better than a forecast of 2.83 percent ...
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  • US Treasuries Up, US Dollar Held Strong

    US Treasuries Up, US Dollar Held Strong

    US Treasuries Up, US Dollar Held Strong 10-Yr: +23/32..1.67%.. USD/JPY: 117.39.. EUR/USD: 1.1304 The US Treasury complex found a safe-haven bid Friday, driven early in the day by some weaker than expected economic data and later in the session by some geopolitical noise and US stock market volatility. The early drivers included the following: A ...
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  • Participants Need To Watch The Forex Market

    Participants Need To Watch The Forex Market

    Participants Need To Watch The Forex Market The largest traded market in the world is not the US, Asian or European stock markets, it is the FOREX (foreign cash currency exchange market) Fx for short. Speculators and hedgers worldwide can and do trade this gian market, in which well over US$3-T and other currencies change ...
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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 closed higher Thursday. The high range close set the stage for a steady to higher 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 its decline, the monthly support crossing ...
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  • US Treasuries Pause To Refresh, US Dollar Up

    US Treasuries Pause To Refresh, US Dollar Up

    US Treasuries Pause To Refresh, US Dollar Up 10-Yr: -9/32..1.75%.. USD/JPY: 118.38.. EUR/USD: 1.1318 US Treasury Complex Following the release of the FOMC minutes Wednesday US Treasuries rallied. Thursday there was no follow through.  Yields moved up across the curve on modest selling. 2-yr yield +1 bpt to 0.50% 5-yr yield +3 bpts to 1.27% ...
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  • Egypt Economy Still Growing

    Egypt Economy Still Growing

    Egypt's Finance Minister Hany Kadry Dimian said economic growth will accelerate to as much as 5.5% next fiscal year as the country pushes ahead with structural reforms to try to revive confidence in its battered economy.   Dimian said expansion may reach 5% to 5.5% in the year ending in June 2016 after growth "north ...
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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 closed lower Wednesday. The low range close set the stage for a steady to lower 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 last Summer's decline, the monthly support ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up The US Dollar (.DXY) Index rallied to session highs on the FOMC statement. Expectations for any real additions were low, overall the statement provides few changes to the December commentary. There were 2 items added, 1 Hawkish, 1 Dovish. Something  for everyone yes. When describing the economy the FOMC said it ...
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  • 'Currency War' Will Be With Us For Sometime To Come

    ‘Currency War’ Will Be With Us For Sometime To Come

    'Currency War' Will Be With Us For Sometime To Come The global currency war rages, with China's central bank pushing the RMB Yuan to a 7-month low this week. China's economic growth dipped to 7.4% in Y 2014, the lowest rate in 24 yrs, and the government hopes that a weaker currency will boost exports. ...
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  • Greek Government Shows Socialist Intent

    Greek Government Shows Socialist Intent

    Greece's new left-wing government will halt the privatisation of the country's biggest port Piraeus, which China's COSCO group has bid for, an official in charge of the process said Wednesday. "We will halt the privatisation of the port of Piraeus and that of Thessaloniki too," the new deputy minister for merchant marine, Theodoros Dritsas, told ...
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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 EuroEUR closed higher Tuesday. The high 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 Tuesday's rally, the weekly resistance crossing is ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down 10-Yr: +06/32..1.799%.. USD/JPY: 117.95.. EUR/USD:1.1360 Afternoon Update US Treasury Complex 2Y +01/32 at 100 07/32 3Y +01/32 at 100 00/32 5Y +04/32 at 101 14/32. 7Y +06/32 at 103 11/32 10Y +06/32 at 103 30/32 30Y +15/32 at 113 07/32   US Dollar (.DXY) Index EUR/USD +125 pips at ...
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  • EURUSD Greece will Split Europe

    EURUSD Greece will Split Europe

    Intensifying anxiety over Greece sent European stock markets lower Tuesday, with the new government set on a collision course with creditors over plans to renegotiate its enormous bailout, analysts said. London's benchmark FTSE 100 index of top companies fell 0.43 percent to 6,823.10 points, as investors also digested data showing Britain's economic growth slowed to ...
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  • USDJPY Japan Economy will Collapse

    USDJPY Japan Economy will Collapse

    Japan's trade deficit swelled to a record 109bn in 2014, data showed yesterday, mostly because of huge post-Fukushima energy bills, but analysts said a recent drop in oil prices would shrink the yawning gap.  The shortfall of 12.78tn, Japan's fourth-consecutive annual deficit, was 11.4% wider than 2013 and was the worst since records began in ...
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  • USDGBP Economic Update

    USDGBP Economic Update

    Britain's economy grew by 2.6 percent last year in the fastest annual pace since 2007, but slowed more sharply than expected in the fourth quarter, official data showed Tuesday. Gross domestic product expanded by 0.5 percent in the October-December period compared with the previous three months, after stronger growth of 0.7 percent in the third ...
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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 closed higher Monday. The high range close set the stage for a steady to higher 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 its decline, the monthly support crossing ...
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  • US Dollar Flat, US Treasuries Flat

    US Dollar Flat, US Treasuries Flat

    Treasuries Flat, Dollar Flat 10-Yr: -01/32..1.805%.. USD/JPY: 118.35.. EUR/USD: 1.1275 Afternoon Update US Treasury Complex 2Y -01/32 at 100 06/32 3Y -01/32 at 99 31/32 5Y -02/32 at 101 12/32 7Y -02/32 at 103 08/32 10Y -01/32 at 103 30/32 30Y Unch at 113 08/32   US Dollar (.DXY) index EUR/USD: 1.1275 (flat to little ...
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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 EuroEUR closed lower  Friday. The low range close set the stage for a steady to lower open Monday. Stochastics and the RSI have turned Bearish indicating that sideways to lower prices are possible near term. If it extends last week's decline, the monthly support crossing is the next ...
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  • EURUSD The Path to the End of the Euro Begins in Greece

    EURUSD The Path to the End of the Euro Begins in Greece

    EURUSD The Path to the End of the Euro Begins in Greece New Prime Minister Alexis Tsipras has promised to renegotiate agreements with the European Commission, European Central Bank and International Monetary Fund "troika" and write off much of Greece's 320 billion-euro debt, which at more than 175 percent of gross domestic product, is the ...
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  • Global Interest Grows In China's Currency And Debt

    Global Interest Grows In China’s Currency And Debt

    Global Interest Grows In China's Currency And Debt The Chinese currency RMB Yuan (Renminbi) continues its ascent among international payment settlements, trade and currency investment, ratings agency Fitch said in their latest report. A rapidly expanding network of offshore Yuan clearing centers has facilitated direct access to China's onshore financial markets, Fitch said. "We expect ...
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  • Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing Friday at Davos US  hedge fund manager Ray Dalio noted that talk of purposeful currency devaluation to make up for an economy's inefficiency, the engine of currency wars is a "conversation that is not polite to have." World leaders are now feeling  comfortable talking openly of their plans to drive down ...
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  • Obama Administration Thinks Strong USD Is Good For The World

    Obama Administration Thinks Strong USD Is Good For The World

    Obama Administration Thinks Strong USD Is Good For The World US Treasury Secretary Jack Lew said a strong USD is good for America and that the strength of the US economy relative to other parts of the world was driving movements in currency markets. "The strong dollar, as all of my predecessors have joined me ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up 10-Yr: +15/32..1.818%.. USD/JPY: 117.85.. EUR/USD:1.1260 Afternoon Update US Treasury Complex 2Y +01/32 at 100 07/32 3Y +02/32 at 100 00/32 5Y +07/32 at 101 12/32 7Y +10/32 at 103 08/32 10Y +15/32 at 103 26/32 30Y +1 05/32 at 112 27/32   US Dollar Index EUR/USD -105 pips at ...
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  • USDCNY Trading Update

    USDCNY Trading Update

    China's use of its own yuan currency for cross-border transactions has increased "notably'' to 9.95 trillion yuan last year, the central bank said Friday, without giving a comparative figure. China is seeking to make the yuan -- also known as the renminbi -- used more internationally in line with its standing as the world's second-largest ...
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  • Bad Loans and China

    Bad Loans and China

    The non-performing loan ratio of China's commercial banks rose to 1.29 percent in the fourth quarter last year, a level not seen since the second quarter of 2010, official data showed on Friday. The ratio was up from 1.16 percent at the end of September, the China Banking Regulatory Commission said. Commercial banks' bad debt ...
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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 (NYMEX) (H5) Intraday: key resistance at 49.1. Pivot: 49.1Our preference: Short positions below 49.1 with targets @ 45.6 & 44.75 in extension.Alternative scenario: Above 49.1 look for further upside with 50.8 & 51.3 as targets.Comment: As long as 49.1 is resistance, likely decline to 45.6. Opinion published is an intraday view. Green Lines ...
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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 closed sharply lower Thursday. The low range close set the stage for a steady to lower open Friday. Stochastics and the RSI are turning Neutral to Bearish telling that a short term top might be in or close. Closes below the 20-Day MA crossing will confirm ...
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  • The Currency Wars Are Raging

    The Currency Wars Are Raging

    The Currency Wars Are Raging One of the world's top economists is concerned about the state of the global financial system. "We are in a world that is dangerously unanchored," William White, chairman of the Organization for Economic Co-operation and Development (OECD)'s Review Committee, said in an interview. "We are seeing true currency wars, and ...
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  • China Forex Settlement Surplus Narrowed In 2014

    China Forex Settlement Surplus Narrowed In 2014

    China Forex Settlement Surplus Narrowed In 2014 China continued to see a surplus in its foreign exchange settlement in Y 2014, but the volume narrowed significantly, indicating easing capital inflows to the country, official data showed on Thursday. Chinese lenders bought US$1.9-T worth of foreign currency last year and sold US$1.77-T, resulting in a net buy ...
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  • US Dollar Crosses 94.00, US Treasuries Firm

    US Dollar Crosses 94.00, US Treasuries Firm

    US Dollar Crosses 94.00, US Treasuries Firm 10-Yr: -06/32..1.891%.. USD/JPY: 118.25.. EUR/USD: 1.1388 US Dollar Index (.DXY) Crosses 94.00, .DXY trades above 94.00 for the 1st time September 2003. EUR/USD is -230 pips at 1.1380 as trade presses to an 11-yr low following Mario Draghi's introduction of European QE. Thursday's announcement outlined a EUR60-B per month ...
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  • Swiss Currency War Best Option

    Swiss Currency War Best Option

    Switzerland would have had to spend more than 100 billion this month alone if it had continued efforts to hold down the value of its currency, a senior central bank official said Thursday. In a shock move a week ago, the Swiss National Bank scrapped a three-year-effort to keep down the value of the franc, ...
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