Currencies

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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). ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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: ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 , ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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. ...
    read more »

  • Venezuela: Bonds, Cash Crunch, China and OPEC

    Venezuela: Bonds, Cash Crunch, China and OPEC

    Venezuela: Bonds, Cash Crunch, China and OPEC Venezuelan President Nicolas Maduro said on Sunday he will visit China and several unspecified OPEC countries during a week-long tour meant to improve the South American nation's finances, which have been weakened by tumbling crude prices. "I'm leaving today for an international tour ... a very important tour ...
    read more »

  • Major Currency Pairs Range Bound Friday, US Treasuries Sell Off

    Major Currency Pairs Range Bound Friday, US Treasuries Sell Off

    Major Currency Pairs Range Bound Friday, US Treasuries Sell Off After Thursday's big USD rally, the major currency pairs went through a day of consolidation The US Dollar (.DXY) Index briefly pulled back to 94.90 after the Q-4 GDP second revision release (Actual 2.2%, consensus 2.1%), and then again to 95.01 after the grim Chicago PMI ...
    read more »

  • US Dollar Rising Toward 10 Yr Highs

    US Dollar Rising Toward 10 Yr Highs

    US Dollar Rising Toward 10 Yr Highs .DXY rallied toward the strongest mark Vs Euro in more than a decade after a report showed US inflation may be closer to rebounding, giving the US Federal Reserve scope to raise interest rates. The Buck gained Vs most of its major peers as a higher-than-forecast increase in ...
    read more »

  • 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 momentum Thursday, broke below the range area and Key support at 1.1270 and bottomed at 1.1182. The bias turned Bearish in near term testing at 1.1100. 1st resistance is seen at 1.1240. A clear break above that mark could drive it to Neutral near ...
    read more »

  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Treasury Complex US Treasuries reversed overnight gains Thursday, selling hard after the 08:30a EST release of CPI, durable goods orders, and weekly jobless claims. A rally following the $29-B 7-yr Note auction at 01:00p EST proved to be short-lived. The losses covered  all maturities, although the 2-yr and ...
    read more »

  • 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: bullish bias above 48.4. Pivot: 48.4Our preference: Long positions above 48.4 with targets @ 51.5 & 52.75 in extension.Alternative scenario: Below 48.4 look for further downside with 47.65 & 46.25 as targets.Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Price broke ...
    read more »

  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF Euro (EUR) EUR had an indecisive day Wednesday. The bias is Neutral in near term. 1st resistance is seen at 1.1450. A clear break above that could drive Bullish pressure testing the Key resistance at 1.1530. 1st support is seen at 1.1335. A clear break below that mark ...
    read more »

  • US Dollar Softens,  US Treasuries Rallied

    US Dollar Softens, US Treasuries Rallied

    US Dollar Softens, US Treasuries Rallied US Treasury Complex Long-dated US Treasuries continued their rally Wednesday. The New Home Sales data was a non-event, as was Ms. Yellen's testimony before the House Financial Services Committee. Some concerns about the 5-yr auction sent the Treasury complex to test its lows, the 10's and 30's finished near ...
    read more »

  • On 15 January The SNB Abandoned Its Euro Cap, Was It Justified?

    On 15 January The SNB Abandoned Its Euro Cap, Was It Justified?

    On 15 January The SNB Abandoned Its Euro Cap, Was It Justified? Just 6 wks after a decision that drove the Sussie North, Switzerland's central bank has come under political fire with some critics calling for changes to its policy and  ownership structure. The shock of the 15 January move by the Swiss National Bank ...
    read more »

  • 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: 50.3Our preference: Short positions below 50.3 with targets @ 47.65 & 46.25 in extension.Alternative scenario: Above 50.3 look for further upside with 51.5 & 52.75 as targets.Comment: As long as 50.3 is resistance, likely decline to 47.65. Trade with the World's Leading Platform ...
    read more »

  • 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 Tuesday. The bias is Neutral near term. 1st resistance is seen at 1.1360. A clear break above that mark may drive Bullish pressure to test 1.4440/50. Prefer a Bearish outlook in here, need a clear break below Key support at 1.1270 to continue ...
    read more »

  • Venezuela has New FX Rate for Oil Companies

    Venezuela has New FX Rate for Oil Companies

    Venezuela has New FX Rate for Oil Companies Foreign energy companies in Venezuela have been authorized to exchange foreign currency at a new, more advantageous rate in bolivars in order to boost cash flow and speed up projects, a high-level PDVSA source said on Tuesday. The companies, participating in joint ventures in various fields around ...
    read more »

  • The US Dollar Run Up, Too Far, Too Fast

    The US Dollar Run Up, Too Far, Too Fast

    The US Dollar Run Up, Too Far, Too Fast The Buck may be due for a pullback as the Federal Reserve is concerned about the rapid rise in the its value, which is backed by nearly universal Bullish sentiment. “The trade-weighted dollar may have just risen a bit too far and a bit too fast,” ...
    read more »

  • US Dollar Flat To Little Changed, US Treasuries Up

    US Dollar Flat To Little Changed, US Treasuries Up

    US Dollar Flat To Little Changed, US Treasuries Up US Dollar (.DXY) Index After an initial move on Fed Chairwoman's Yellen's testimony, the USD (.DXY) Index fell back to give up gains for a 4th day running. As of writing, it was down 11 ticks (-0.11%) to 94.46 USD.JPY rallied to 119.82 before falling 4 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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, ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

  • 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 ...
    read more »

Research 1 of 6

Recent News