Currencies

  • Currencies: EUR/CHF Technical Outlook

    Currencies: EUR/CHF Technical Outlook

    Currencies: EUR/CHF Technical Outlook EUR/CHF The 1.040 mark is Key in here. Peer currency pairs consolidated in quiet trade Thursday ahead of Friday's NFPs report and a long Easter holiday weekend. Remember that the sideways movements set the stage for more significant trends, and that traders who use these quiet periods to prepare for the ...
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  • US Dollar Off, US Treasuries Up

    US Dollar Off, US Treasuries Up

    US Dollar Off, US Treasuries Up US Treasury complex market closed at Noon Friday. Treasuries run North, the volatile NFPs (non-farm payrolls) number missed big Friday, at 126-K Vs the consensus at 250-K Private payrolls were 129-K, Vs Briefing.com consensus of 245-K Hourly earnings beat expectations, up 0.3% Vs consensus of 0.2% The Fed and market ...
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  • US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down US Treasury Complex US Treasuries declined, they traded lower Thursday, as jobless claims, trade balance, and factory orders reports all exceeded expectations Yield 2-yr: unch at 0.54% 5-yr: +3 bpts to 1.35% 10-yr: +6 bpts to 1.91% 30-yr: +6 bpts to 2.53% Trade in Global Markets with the World’s Leading Platform Open an account here , ...
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  • China Moving Towards Reserve Currency Status

    China Moving Towards Reserve Currency Status

    China Moving Towards Reserve Currency Status China is now closer to joining the USD and Euro as a reserve currency, a deal possible later this year is set to include the RMB Yuan in the International Monetary Fund's (IMF) unit of account, officials say. The United States, where China's growing economic and political power is ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

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

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up US Dollar(.DXY) Index down The Intercontinental Exchange's  (ICE) US Dollar Index fell 0.22% Wednesday to 98.15, on volatility in the stock and fixed-income markets. EUR/USD rose 0.30% to 1.0770 on stronger manufacturing PMIs in almost every Western European country. There remains deep concerns about Greece and its potential exit ...
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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) (K5) Intraday: capped by a negative trend line. Pivot: 48.8 Our preference: Short positions below 48.8 with targets @ 47 & 45.3 in extension. Alternative scenario: Above 48.8 look for further upside with 50.2 & 51.15 as targets. Comment: As long as the resistance at 48.8 is not surpassed, the risk of ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

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

    US Dollar Up, US Treasuries Finished Near Highs

    US Dollar Up, US Treasuries Finished Near Highs The US Dollar (.DXY) Index rose Tuesday rising 0.35% to 98.32. The Buck gained against Euro and commodity currencies, Cable rallied against the Buck on an upward revision to Q-4 Y 2014 GDP EUR/USD fell 0.73% to 1.0745 Eurozone headline and core CPI came out in line ...
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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) (K5) Intraday: under pressure. Pivot: 48.8Our preference: Short positions below 48.8 with targets @ 47 & 45.3 in extension.Alternative scenario: Above 48.8 look for further upside with 50.2 & 51.15 as targets.Comment: As long as 48.8 is resistance, likely decline to 47. Opinion published is an intraday view. Green Lines Represent ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) EUR closed lower Monday, but still above the 20-Day MA crossing. The low range close sets the stage for a steady to lower open Tuesday. Stochastics and the RSI are turning Neutral to Bearish indicating that sideways to lower prices are possible near term. Closes below ...
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  • China's AIIB Designed To Help Topple USD As Reserve Currency

    China’s AIIB Designed To Help Topple USD As Reserve Currency

    China's AIIB Designed To Help Topple USD As Reserve Currency US Treasury Secretary Jacob J. Lew is voicing concerns that the China-led AIIB (infrastructure bank) will fall short of international standards even as the rest of the world’s biggest economies sign join the initiative to the dismay of the Obama administration. “We very much welcome ...
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  • US Dollar Up, US Treasuries Mixed

    US Dollar Up, US Treasuries Mixed

    US Dollar Up, US Treasuries US Dollar (.DXY) Index driving North again. The US Dollar gained against every other major currency Monday. While the index traded a 7-pt range from October of 2011 to September 2014, the past month has seen 3 moves of 5 pts each The commodity currencies all declined, as precious metals ...
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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) (K5) Intraday: break of a ST rising trendline support. Pivot: 49.5Our preference: Short positions below 49.5 with targets @ 47 & 45.3 in extension.Alternative scenario: Above 49.5 look for further upside with 51.15 & 52.5 as targets.Comment: As long as 49.5 is resistance, likely decline to 47. Opinion published is an intraday ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) EUR closed higher Friday, consolidating above the 20-day MA crossing. The high range close set the stage for a steady to higher open Monday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency ...
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  • USD Falling Against It Main Trading Partners

    USD Falling Against It Main Trading Partners

    USD Falling Against It Main Trading Partners The USD declined against its trading partners following the news that Q-4 US GDP remained unchanged against its prior revision. Although the initial reaction shows that there is some disappointment that the GDP figure was not revised higher as some expected, the data itself is not disappointing, and ...
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  • Currencies Pause To Refresh, US Treasuries Off A Bit

    Currencies Pause To Refresh, US Treasuries Off A Bit

    Currencies Pause To Refresh, US Treasuries Off A Bit The US Dollar (.DXY) Index rallied 97.90 early, after the 'pop' at the open of European equity trading, the Buck has come under selling pressure. The DXY is back down to the 97.25 area which is so far holding support. Currency movements cooled following a very volatile week. ...
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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) (K5) Intraday: bullish bias above 49.5. Pivot: 49.5 Our preference: Long positions above 49.5 with targets @ 52.5 & 53.5 in extension. Alternative scenario: Below 49.5 look for further downside with 48.2 & 47 as targets. Comment: The RSI is mixed with a bullish bias. Opinion published is an intraday view. Green ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) Euro closed lower Thursday, is still above the 20-Day MA crossing. The low range close set the stage for a steady to lower open Friday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single ...
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  • Last Chance to get MetaStock for as low as $499

    Last Chance to get MetaStock for as low as $499

    After extensive research and development we are very pleased to deliver our latest and greatest version of MetaStock. We have improved the MetaStock FORECASTER, made the Power Console easier to use, added tick charts, and more. If you purchase before March 31, 2015, you can get MetaStock XIV for as low as $449! What’s more, ...
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  • China's AIIB Taking Aim At USD

    China’s AIIB Taking Aim At USD

    China's AIIB Taking Aim At USD China, acting through the new Asian Infrastructure Investment Bank, aims to replace the USD with the RMB Yuan as the world's main reserve currency. The Buck has been the world's reserve currency since the end of World War II, that is changing; Russia and especially China are trying to ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down The US (.DXY) Dollar Index rallied Thursday, + 52 ticks (0.54%) to 97.50. Initial jobless claims and continuing claims came out mostly in line with expectations, but US Treasuries sold off sharply, perhaps drawing global investors into the USD with higher yields EUR/USD sold off sharply, down 97 pips ...
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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) (K5) Intraday: the upside prevails. Pivot: 49.5 Our preference: Long positions above 49.5 with targets @ 53.5 & 54.8 in extension. Alternative scenario: Below 49.5 look for further downside with 48.2 & 47 as targets. Comment: The immediate trend remains up and the momentum is strong. Opinion published is an intraday view. ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF $.DXY 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 a short term low is in or close. Closes above the 10-Day MA crossing dampens the ...
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  • US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down

    US Dollar Down, US Treasuries Down US Dollar (.DXY) Index Euro and Cable Gain: EUR/USD rose 58 pips (0.53%) to 1.0971 today, encouraged by an IFO Business Climate Index in Germany that beat expectations. The reading for March was 107.9, Vs 106.8 in February. Following the weak durable goods number in the US, the pair ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) EUR closed lower Tuesday. The low range close sets the stage for a steady to lower open Wednesday. Stochastics and the RSI are turning Neutral to Bullish indicating that a short term low is in or close. Closes above the 10-Day MA crossing dampens the near ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up US Treasury Complex 10's and 30's Hit 7 wk highs Since late morning, the US Treasury complex has seen a strong bid. The market has been helped along by a weakening US stock market and a well-bid 2-yr auction. The curve is flatter on the day, with 2's/10's down ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) EUR closed higher Monday. The high range close set the stage for a steady to higher open Tuesday. Stochastics and the RSI are turning Neutral to Bullish indicating that a short term low might be in or near. Closes above the 10-D MA crossing will dampen ...
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  • US Dollar Lower, US Treasuries Higher

    US Dollar Lower, US Treasuries Higher

    US Dollar Lower, US Treasuries Higher US Treasury Complex The US Treasury market saw sellers stayed on the sidelines Monday Yields were little changed, although the belly of the curve managed to pad some of its recent gains 2-yr yield Unch at 0.58% 3-yr yield -2 bpts at 0.93% 5-yr yield -2 bpts at 1.39% 7-yr ...
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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 (WTI) (K5) Intraday: bullish bias above 44.8. Pivot: 44.8Our preference: Long positions above 44.8 with targets @ 47.35 & 48.15 in extension.Alternative scenario: Below 44.8 look for further downside with 44 & 43.2 as targets.Comment: A support base at 44.8 has ...
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  • Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF

    Forex Technical Analysis: EUR, JPY, GBP, CHF Euro (EUR) EUR closed higher Friday. The high range close set the stage for a steady to higher open Monday. Stochastics and the RSI are turning Neutral to Bullish indicating that a short term top might be in close. Closes above the 20-Day MA crossing are needed to ...
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  • PBOC: RMB Yuan Price Right, Reflects Supply And Demand

    PBOC: RMB Yuan Price Right, Reflects Supply And Demand

    PBOC: RMB Yuan Price Right, Reflects Supply And Demand The current level of China's RMB Yuan is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a PBOC analyst said  Saturday, talking down talk of suspected official intervention. Friday, the RMB Yuan ended its best week since Y 2007 after a rush of ...
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  • US Treasuries Up, US Dollar Down On The Week

    US Treasuries Up, US Dollar Down On The Week

    US Treasuries Up, US Dollar Down On The Week $.DXY, $USO, $OIL, $GLD, $JJC US Treasury Complex The US Treasury finished a great week on a good note with additional gains across the curve 2-yr yield -2 bpts to 0.59% (-7 bpts on the week) 5-yr yield -5 bpts to 1.42% (-17 bpts on the ...
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  • EURUSD German Economic Index

    EURUSD German Economic Index

    The Conference Board Leading Economic Index® (LEI) for Germany increased 0.4 percent in January to 107.4 (2010 = 100), following a 0.8 percent increase in December, and a 0.6 percent increase in November.  At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.3 percent ...
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  • Emerging Markets Bond News: Peru

    Emerging Markets Bond News: Peru

    The Republic of Peru (the "Republic") in accordance with its previously-announced offer (the "Offer") to purchase for cash (the "Offer to Purchase") (i) sovereign bonds or Bonos Soberanos (the "Bonos Soberanos"), including Bonos Soberanos in the form of Global Depositary Notes ("GDNs"), and (ii) Global Bonds (the "Global Bonds"), in each case as set forth ...
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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) (J5) Intraday: caution. Pivot: 42.7Our preference: Long positions above 42.7 with targets @ 44.5 & 45.5 in extension.Alternative scenario: Below 42.7 look for further downside with 42 & 40.6 as targets.Comment: Intraday technical indicators are mixed and call for caution. Opinion published is an intraday view. Green Lines Represent Resistances | Red ...
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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 failed its Bullish move Thursday marking a low at 1.0658. Expect more volatility as a result of FOMC position but from technical outlook the Pearish scenario is now back in focus. The bias is Bearish near term testing 1.0550 – 1.0500. 1st resistance is seen at ...
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  • US Dollar Recovers, US Treasuries Don't

    US Dollar Recovers, US Treasuries Don’t

    US Dollar Recovers, US Treasuries Don't US Dollar (.DXY) Index recovers from FOMC policy stance .DXY made an intra-day, 5-pt (5%) dive Wednesday. The pace of dollar appreciation had been accelerating over the past few weeks, and hedge funds were surely piling in to the trade as the ECB began its QE and European sovereign yields dove. ...
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  • Greece Vs EU

    Greece Vs EU

    The Greek parliament on Wednesday overwhelmingly adopted a "humanitarian crisis" bill to help its poorest people, ignoring apparent pressure from the European Union to halt the legislation. The move came as Germany warned that time was "tight" for debt-wracked Greece and on the eve of an EU summit in Brussels where anti-austerity Prime Minister Alexis ...
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  • Asia Reacts to US Fed

    Asia Reacts to US Fed

    The euro and yen maintained their gains against the dollar, while most equity markets outside Japan rallied after comments by the US Federal Reserve cooled expectations of an early summer hike. While the central bank opened the door for a rise from six years of zero percent rates, it lowered its forecasts for economic growth ...
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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 turning Neutral to Bearish indicating that more weakness is possible near term. If the single currency extends the decline off of the February ...
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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 of all maturities gained Wednesday, following a very dovish FOMC statement. The only asset that did not rally was the US Dollar (.DXY) The belly of the curve led prices up, with the 5-yr T-Note yield falling 17 bpts to 1.38% Yield check: 2-yr: ...
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  • 'Currency War' Could Trigger Global Stock Crash

    ‘Currency War’ Could Trigger Global Stock Crash

    'Currency War' Could Trigger Global Stock Crash $.DXY Currency wars are raging around the world, as central banks seek to devalue their currencies with lower interest rates and spark exports to boost their economies. The Buck has risen to multi-year highs Vs a range of currencies in recent weeks, including a 12-yr peak against the ...
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  • US Dollar, Oil and the FED

    US Dollar, Oil and the FED

    U.S. crude prices remained mired in the low $40 dollar a barrel range on Tuesday, and the Organization of Petroleum Exporting Countries acknowledged it may be the end of this year before low prices prompt higher-cost producers in the United States and elsewhere to trim supply. Progress toward the Fed's inflation goal may be elusive ...
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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) (J5) Intraday: under pressure. Pivot: 44Our preference: Short positions below 44 with targets @ 42 & 40.6 in extension.Alternative scenario: Above 44 look for further upside with 44.7 & 45.5 as targets.Comment: As long as the resistance at 44 is not surpassed, the risk of the break below 42 remains high. 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 (EUR) EUR closed higher Tuesday. The low range close set the stage for a steady to lower open Wednesday. Stochastics and the RSI are Neutral to Bullish indicating that a short term low might be in or close. Closes below the 20-Day MA crossing will confirm that ...
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  • US Dollar Unchanged, US Treasuries Off Highs

    US Dollar Unchanged, US Treasuries Off Highs

    US Dollar Unchanged, US Treasuries Off Highs US Treasury Complex The US Treasury complex is off of its highs. Focus is on Wednesday's FOMC press conference In her semi-annual testimony before the Senate Banking Committee on 24 February, Fed Chairwoman Janet Yellen said that removing the word "patient" from the Fed statement would be a ...
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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 corrected higher Monday closing at 1.0565. The bias is Bullish in near term testing 1.0630 – 1.0650.  Overall, still Bearish the single currency. Considering a short Position with a tight stop loss above 1.0650. 1st support is seen at 1.0550. A clear break below that ...
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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 prices gained and yields fell Monday following a stream of weak economic data, but the market sold off in the afternoon as equities traded to fresh session highs and then continued higher into the close. Yield 2-yr: -1 bpt to 0.65% 5-yr: -2 bpts ...
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  • US Dollar on the Move

    US Dollar on the Move

    The dollar extended its gains against the euro Monday, hitting another 12-year high ahead of a closely watched Federal Reserve policy meeting this week, while oil prices fell again as US supplies continued to build. Shanghai was the stand-out stock market in the region, adding to last week's gains after Chinese Premier Li Keqiang said ...
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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: capped by a negative trend line. Pivot: 46.7Our preference: Short positions below 46.7 with targets @ 42 & 40.6 in extension.Alternative scenario: Above 46.7 look for further upside with 48 & 49 as targets.Comment: As long as 46.7 is resistance, likely decline to 42. Trade in Global Markets with the ...
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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 down Friday, below the 20-Day MA crossing confirming a short term top is in. 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. ...
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  • Islamic Banking in Turkey

    Islamic Banking in Turkey

    Islamic Banking in Turkey The government, which issued a debut $1.5 billion Islamic bond three years ago and last year presented a legislative framework for publicly owned Islamic banks, wants the industry's assets to double to $100 billion by 2023. "Erdogan is very keen to promote Islamic banking in Turkey," said Fadi Hakura, a Turkey ...
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  • EURUSD Parity in Near Future

    EURUSD Parity in Near Future

    EURUSD Parity in Near Future The European Central Bank on Monday began its long-awaited 1.1 trillion euro (1.2 trillion) quantitative easing programme to stimulate growth and ward off deflation across the eurozone. The programme calls for the eurozone central bank to buy around 60 billion euros of public and private bonds each month -- a ...
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  • EURUSD Greece Still a High Risk Bond Market

    EURUSD Greece Still a High Risk Bond Market

    EURUSD Greece Still a High Risk Bond Market China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the eurozone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook. China should provide further hints of the challenges it faces after the ...
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  • USDCNY China Economic Update

    USDCNY China Economic Update

    USDCNY China Economic Update China's core inflation rate rose by 1.4% in February from a year earlier, recovering from a more than five-year low and exceeding most expectations. The consumer price inflation (CPI) data compares with a rise of 0.8% in January, which was the weakest reading since November 2009. China's new consumer inflation target ...
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  • Make No Mistake, A Currency War Is On

    Make No Mistake, A Currency War Is On

    Make No Mistake, A Currency War Is On A global currency war is full on, and while that helps US tourists traveling overseas, it is not good for US corporate earnings or the US economy overall. We are in a midst of a currency contest to see whether the Eurozone, Japan or Canada can depreciate ...
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  • US Dollar Rallies, US Treasuries Finish Higher

    US Dollar Rallies, US Treasuries Finish Higher

    US Dollar Rallies, US Treasuries Finish Higher US Dollar (.DXY) Index .DXY rallied against the Euro, Cable, and the commodity currencies. The Suisse and the Japanese Yen were mostly unchanged Vs the Buck. The selling in US stocks was hard enough to warrant safe haven buying The currency markets have been volatile enough that the ...
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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: capped by a negative trend line. Pivot: 48Our preference: Short positions below 48 with targets @ 46.4 & 45 in extension.Alternative scenario: Above 48 look for further upside with 48.75 & 49.85 as targets.Comment: As long as 48 is resistance, likely decline to 46.4. Trade in Global Markets with the ...
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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 EUR/USD corrected higher Thursday touching 1.0682. The bias is Neutral in near term, outlook still Bearish. 1st support is seen at 1.0590. A clear break below that mark could bring on more Bearish pressure testing 1.0500. 1st resistance is seen at 1.0700. A clear break above ...
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  • US Treasuries Up, US Dollar Fades

    US Treasuries Up, US Dollar Fades

    US Treasuries Up, US Dollar Fades US Treasury Complex The US Treasury complex extended its gains for the week Thursday, with the 10-yr down 15 bpts since the close last Friday Yields 2-yr: -4 bpts to 0.65% 5-yr: -3 bpts to 1.58% 10-yr: -2 bpts to 2.10% 30-yr: -1 bpt to 2.68% The curve steepened, ...
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  • Chinese Actively Mining Bitcoins

    Chinese Actively Mining Bitcoins

    Chinese Actively Mining Bitcoins China's central bank governor has a Bitcoin problem on his hands. In a new report, Goldman Sachs says the RMB Yuan is now used in 80% of transactions into and out of the cyber currency, topping the USD, JPY and EUR. Given that the Communist Party's highest priority is stability, and ...
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  • EURUSD ECB Buys Bonds, Sets Course for Parity

    EURUSD ECB Buys Bonds, Sets Course for Parity

    The ECB has bought 9.8 billion euros (10.4 billion) in eurozone bonds in the first three days of its programme to ward off deflation and stimulate growth, a senior official said Thursday. "We have already bought 9.8 billion euros in bonds in three days" said Benoit Coeure, a member of the European Central Bank's executive ...
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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 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 the decline off of the ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up US Treasury Complex US government debt rallied Wednesday and the yield curve flattened, as .DXY continued its rise. Stocks traded off on the day. Yield 2-yr: +1 bpt to 0.69% 5-yr: Unch at 1.61% 10-yr: -2 bpts to 2.11% 30-yr: -4 bpts to 2.69% 2's/10's fell 3 bpts to ...
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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: under pressure. Pivot: 49Our preference: Short positions below 49 with targets @ 47.8 & 46.4 in extension.Alternative scenario: Above 49 look for further upside with 49.85 & 50.6 as targets.Comment: The break below 49 is a negative signal that has opened a path to 47.8. Trade in FX, Bonds, Equities ...
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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 Tuesday. The low range close set the stage for a steady open Wednesday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off of its February lows, the monthly ...
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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) rose against every other major except for JPY Tuesday, as negative yields in Europe prompted investors to sell the Euro for USDs, and commodity prices declined EUR/USD fell 123 pips or 1.13% to 1.0720 to its lowest mark since Y 2003 The yield on Germany's ...
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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 Monday. The low range close set the stage for a steady to lower open Tuesday. Stochastics and the RSI are oversold but are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this its ...
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  • US Treasuries Up, US Dollar Traded Sideways

    US Treasuries Up, US Dollar Traded Sideways

    US Treasuries Up, US Dollar Traded Sideways The US Treasury complex There were  gainers came in all US Treasury maturities, despite a mid-day sell-off in the 2-yr T-Note Yield check: 2-yr: -4 bpts to 0.69% 5-yr: -4 bpts to 1.65% 10-yr: -5 bpts to 2.20% 30-yr: -5 bpts to 2.80% The ECB began its QE ...
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  • Monday's Currency Markets Overview

    Monday’s Currency Markets Overview

    Monday's Currency Markets Overview The USD drifted to a fresh 11-yr high against a basket of major currencies early Monday, remaining in favor as markets wagered the US Fed might lift interest rates sooner rather than later. The US jobs data Friday had put the risk of a mid-year Fed hike on the table, sending ...
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  • Colombian Peso (COP) ⇨ US Dollar ($) (COPUSD) Preview

    Colombian Peso (COP) ⇨ US Dollar ($) (COPUSD) Preview

    Colombian Peso (COP) ⇨ US Dollar ($) (COPUSD) Preview FOREX COP= closed up 35.700 at 2,581.000. Volume was 36% above average (neutral) and Bollinger Bands were 53% wider than normal. Open High Low Close Volume___ 2,544.7902,585.8002,524.5502,581.000 8,827 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 2,521.34 ...
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  • President Ronald Reagan Is On The Money

    President Ronald Reagan Is On The Money

    President Ronald Reagan Is On The Money All of the above designs are being considered for the upcoming $1 coin the nation's 40th President will adorn. CoinNews.net, reports on the production and collecting of coins, says designs for the 2016 Reagan Presidential $1 Coin were reviewed last week by the Citizens Coinage Advisory Committee (CCAC). ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down .DXY at 11-yr highs Friday, the Buck hit its highest mark since Y 2003. USD 125 ticks or 1.29% to 97.63, on the back of a NFPs report that showed the US economy created more jobs in February than expected (Actual 295-K, consensus 240-K, Past 257-K). The details of the ...
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  • ECB To Begin It QE Program, Is It To Much, To Late?

    ECB To Begin It QE Program, Is It To Much, To Late?

    ECB To Begin It QE Program, Is It To Much, To Late? ECB President Mario Draghi said the European Central Bank will start its full-scale QE program next week The ECB will continue purchasing asset-backed securities and covered bonds that was started last year. All these buying programs combined will be executed on a monthly ...
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  • Venezuela Bond Trading: Political Update

    Venezuela Bond Trading: Political Update

    Venezuelan opposition leader Henrique Capriles says he fears President Nicolas Maduro's crisis-hit government, fearing a humiliating loss, will cancel key legislative elections later this year. With Venezuela's economy in recession, its oil revenues plunging and consumers facing chronic shortages of basic goods, Maduro's approval rating has sunk to a low of around 20% - the ...
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  • EURUSD Will Greece Exit the EU

    EURUSD Will Greece Exit the EU

    EURUSD Will Greece Exit the EU Greek Prime Minister Alexis Tsipras has accused the European Central Bank of holding "a rope" around the country's neck as Athens scrambled Friday to avert a looming state default. The ECB "is still holding the rope which we have around our necks," said Tsipras, according to excerpts of an ...
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  • EURUSD on Path to Parity

    EURUSD on Path to Parity

    EURUSD on Path to Parity The euro tumbled through the 1.09 level to strike a fresh 11.5-year low Friday as the ECB nears the launch of its massive stimulus package and strong US jobs data raises the possibility of a US rate hike soon. The single currency sank to 1.0871 -- the lowest since September ...
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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 Thursday. The low range close set the stage for a steady open Friday. Stochastics and the RSI are Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the rally off of last Thursday's low, the February's ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up US Treasury Complex US Treasuries rose Thursday, after seeing sharp sell-offs to test the February lows. The February employment (NFPs)report comes out Friday at 08:30a EST, participants were hesitant to take aggressive positions Thursday Yields 2-yr: -2 bpts to 0.64% 5-yr: -2 bpts to 1.57% 10-yr: -1 bpt to 2.11% 30-yr: ...
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  • Oil Cuts Games Budget

    Oil Cuts Games Budget

    Azerbaijan has had to make a "modest" cut to the nearly one billion euros (1.1 billion) operating budget to run the first European Games which start in 100 days, a top organizer said Wednesday.  The fall in the price of oil, which the country's economy relies upon, has led to a 34 percent fall in ...
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  • Bitcoin Is A Major Difficulty For World's Central Bankers

    Bitcoin Is A Major Difficulty For World’s Central Bankers

    Bitcoin Is A Major Difficulty For World's Central Bankers They are faced with the questions: should they ban it, regulate it, embrace it, or ignore it? One keen observer says, "Their best bet would be to let Darwinism take its course, and resist the regulatory impulse to interfere with either its survival or 'death' and, if ...
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  • U.S. Non-Farm Payrolls report that will be published this Friday, 6th of March

    U.S. Non-Farm Payrolls report that will be published this Friday, 6th of March

    This could be a great trading opportunity! HEFFX wants you to be prepared for the U.S. Non-Farm Payrolls report that will be published this Friday, 6th of March. What is Non-Farm Employment Report? The biggest and boldest data is upon us once again and it is that time of the month that the headlines will ...
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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 Wednesday, The low range close set the stage for a steady to lower open Thursday. Stochastics and the RSI are Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decline off of its February highs, ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up US Treasuries finish higher The US Treasury market's status as a safe-haven proved true Wednesday, as the S&P 500 fell as much as 33 pts from its all-time high at its low on the day and put a bid in form government bonds.  The trend on the week in Treasuries ...
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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 Tuesday. The low range close set the stage for a steady open Wednesday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the its decline, the monthly support crossing ...
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  • US Dollar Off, US Treasuries Off

    US Dollar Off, US Treasuries Off

    US Dollar Off, US Treasuries Off US Dollar (.DXY) Index The US Dollar (.DXY) Index slipped Tuesday Vs JPY, and the commodity currencies (Aussie, Kiwi, and Loonie), down 15 ticks (-0.15%) to 95.31. USD/JPY: -53 pips (-0.45%) to 119.61 NZD/USD: -48 pips (-0.64%) to 0.7554 USD/CAD: -60 pips (-0.48%) to 1.2481 The Australian Dollar (AUD) rallied overnight ...
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  • US Dollar (.DXY) Gains Frustrating Participants

    US Dollar (.DXY) Gains Frustrating Participants

    US Dollar (.DXY) Gains Frustrating Participants The popular trade in the $5.3-T a day Forex market has been betting on a stronger Buck, this leaving participants very exposed when the US Fed's Janet Yellen damped speculation last week of an imminent hike in  interest rates. As the USD slowed its advance, an index of currency ...
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  • Emerging Market Bonds: Iraq

    Emerging Market Bonds: Iraq

    Emerging Market Bonds: Iraq Iraq is discussing a possible bond issue worth nearly $6 billion with Deutsche Bank and Citibank as part of its efforts to cover a huge projected budget deficit this year, Finance Minister Hoshiyar Zebari said. State revenues have tumbled along with falling oil prices just as Iraq faces a costly military ...
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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: further advance. Pivot: 49.45Our preference: Long positions above 49.45 with targets @ 51.25 & 52.5 in extension.Alternative scenario: Below 49.45 look for further downside with 48.7 & 47.8 as targets.Comment: The RSI is bullish and calls for further upside. Trade with the World's Leading Platform Open an account here , ...
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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 mid-range close sets 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 renews its decline, the monthly support crossing is the ...
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  • US Dollar Higher, US Treasuries Lower

    US Dollar Higher, US Treasuries Lower

    US Dollar Higher, US Treasuries Lower The US Dollar (.DXY) gained against every other major currency except for the EUR, despite releases of weaker than expected US economic data EUR/USD: -4 pips (-0.4%) to 1.1193. The EU's Manufacturing PMI for February came under expectations at 54.1 (past 53.1) USD/JPY: +47 pip (+0.39%) to 120.10. It ...
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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: intraday support around 47.8. Pivot: 47.8Our preference: Long positions above 47.8 with targets @ 49.8 & 50.5 in extension.Alternative scenario: Below 47.8 look for further downside with 46.25 & 45.5 as targets.Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trade in ...
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  • Fx Technical Outlook: US Dollar (.DXY) Forms Bullish Triangle

    Fx Technical Outlook: US Dollar (.DXY) Forms Bullish Triangle

    Fx Technical Outlook: US Dollar (.DXY) Forms Bullish Triangle Last week confirmed a Bullish triangle as the commodities currencies: GBP/USD, AUD/USD and NZD/USD show potential for swing highs formed. Going into this week it suggest we may see a continuation of the USD Bullish run. Last week saw a Bullish break from a Symmetrical Triangle ...
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  • RMB Yuan 2nd Most Used Documentary Credit Currency

    RMB Yuan 2nd Most Used Documentary Credit Currency

    RMB Yuan 2nd Most Used Documentary Credit Currency China's currency the Renminbi (RMB) Yuan strengthened its position as the world's 2nd most used currency for documentary credit transactions, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) last Thursday. The Renminbi's share of activity for documentary credits has increased from 7.3%  in January 2013 ...
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  • Will The Legitimacy Of Bitcoin Devalue World Currencies?

    Will The Legitimacy Of Bitcoin Devalue World Currencies?

    Will The Legitimacy Of Bitcoin Devalue World Currencies? Bitcoin threatens the legal tender myth, a reason more people will cuddle around for the freedom it gives. Bitcoin offers a method for consumers without bank accounts to overcome payment barriers. Bitcoin offers certain benefits. Its legitimacy is what is commonly questioned. This is changing as Bitcoin ...
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  • USDPHP Philippine Peso Outlook

    USDPHP Philippine Peso Outlook

    The Philippines may chalk up this 2015 its first annual trade surplus in more than two decades of as much as $5 billion due to the combination of robust exports and a lower oil import bill. In a research note, JP Morgan’s chief economist for Southeast Asia Sin Beng Ong said the Philippines might end ...
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  • Looking for Over 20% Yield, Try Venezuela

    Looking for Over 20% Yield, Try Venezuela

    Looking for Over 20% Yield, Try Venezuela HEFFX have rated Venezuelan Bonds as a buy as the Country, although in a political mess, looks less and less likely to default, and we ar not alone, Many U.S. bond funds hammered by an almost 30-percent decline in Venezuelan bond prices last year have kept big bets ...
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  • Venezuela to Gain $10b from Citgo Petroleum Corp

    Venezuela to Gain $10b from Citgo Petroleum Corp

    Venezuela to Gain $10b from Citgo Petroleum Corp Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. Pricing at the top range of bids and tumbling oil prices ...
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  • LatAm Bond Trading Update

    LatAm Bond Trading Update

    Latin American credits generally saw a strong bid on Tuesday morning amid solid corporate earnings results and hopes of a dovish tone when Fed chief Janet Yellen speaks to Congress. But while tone was positive, market players said not many bonds were changing hands in early trading ahead of Yellen's 10:00am appearance on Capitol Hill. ...
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