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about 6 years ago

YoY reported corporate profits as a leading indicator for stock prices

By: New_Deal_democrat

I rarely comment on the stock market per se. When I do, it is usually because sentiment is at an extreme, and under those circumstances, although every fiber in your body will be telling you that the crowd is right, you are almost infallibly better off betting the other way. That's because, when everybody is bullish/bearish, almost all of the available money has been put into/taken out of the market. Read more

about 6 years ago

XE Market Analysis: Europe - Nov 21, 2013

By: XE Market Analysis

The USD held on to firmer levels and EUR remained heavy following yesterday's contrasting central bank policy news.News that ECB is considering a -0.1% deposit rates if more easing is needed caught the market long of EUR near 1.3550 and the sell off was reinforced after the FOMC minutes revealed discussions about policy tapering. Read more

about 6 years ago

XE Market Analysis: Asia - Nov 20, 2013

By: XE Market Analysis

The dollar got a boost from an ECB news report in N.Y. on Wednesday, taking EUR-USD from near 1.3550 to lows near 1.3435. Intra-day accounts got caught long of EUR-USD after ECB is said to weigh a -0.1% deposit rate if more easing is needed. Elsewhere, the greenback was dragged higher versus the pound, yen and Swiss franc as well. Read more

about 6 years ago

Yellen's Benchmarks

By: HaleStewart

Last week, Janet Yellen testified before Congress as part of the confirmation process. Her opening statement was short. However, there are some key data points contained within it that deserve to be highlighted: Today the economy is significantly stronger and continues to improve. Read more

about 6 years ago

XE Market Analysis: North America - Nov 20, 2013

By: XE Market Analysis

The dollar eased overnight as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session and the dollar was fairly stable in Europe. Read more

about 6 years ago

XE Market Analysis: Europe - Nov 20, 2013

By: XE Market Analysis

The dollar eased as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session, leaving prices largely net unchanged. Read more

about 6 years ago

XE Market Analysis: Asia - Nov 19, 2013

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, though activity was light overall, and ranges narrow and familiar. The euro posted gains, though continued to struggle over the 1.3500 mark, while USD-JPY edged back over 100.25, where option and Exporter backed sellers were parked. Read more

about 6 years ago

XE Market Analysis: North America - Nov 19, 2013

By: XE Market Analysis

The dollar maintained a holding pattern overall. There was a brief period of price chop that led to kneejerk dollar selling after a MNI interview with PBoC Governor Zhou, though moves were not sustained. Zhou said China will move forward with market liberalisation, which will mean an end to FX intervention, wider yuan trading bands and eventually a floating currency. Read more

about 6 years ago

XE Market Analysis: Europe - Nov 19, 2013

By: XE Market Analysis

The dollar maintained a holding pattern , leaving EUR close to 1.3500, Cable near 1.6100 and USD-JPY just under 100.00. Demand for JPY picked up as equity markets in Asia were mixed to lower after Monday's late U.S. equity market drop. Japan's Economy Minister Amari said Japan is eyeing a new Y5 tln stimulus package, though it will not be funded with new bond issues. Read more

about 6 years ago

XE Market Analysis: Asia - Nov 18, 2013

By: XE Market Analysis

The dollar was soft through much of the morning session, though regained some composure after the London close. TIC outflows and softer house builders sentiment had marginally negative impact on the greenback. Initial comments from the Fed's Dudley painted a rosier picture for the U.S. Read more

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