Early this month, Westpac projected that AUD/USD rebound was set for further gains towards 0.9510 (AUD was trading sub 0.91 at the time). Now as the pair has already reached this target over the past few days before retracing around one and half big figure lower, Westpac is out...
Asian Stocks Fall Third Day, Trimming Monthly Advance
Asian stocks fell for a third day, trimming the biggest monthly advance on the regional benchmark index since January 2012, as industrial and health care companies retreated. Nitto Denko Corp. (6988) slumped 11 percent as BNP Paribas SA advised selling shares of the materials...
The 3 Big Lies Right Now
There appears to be 3 big lies (among many other smaller ones) currently driving the flow of speculative capital around the world. First, Bernanke said the Taper was off due to 'worsening' financial conditions (except financial conditions remain...
Yen collapses on corporate tax cut talk
The Japanese Yen is weakening across the board following headlines from Kyodo news, saying "Japan stimulus steps to have pledge to study corporate tax cut", referring to cuts in corporate tax rate. The headline is not sitting well for those long Japanese Yen, with heavy buying...
US Dollar Chart Setup Warns Selloff May Be Set to Resume
US DOLLAR TECHNICAL ANALYSIS – Prices put in a Bearish Engulfing candlestick pattern below rising trend line support-turned-resistance set from early April (now at 10587), hinting a move lower is ahead. Near-term support is at 10469, the June...
AUD/USD – Continues to Drift Lower below 0.94
The AUD/USD has enjoyed a solid run over the last few weeks which has been punctuated by a strong surge higher last week sending it to a three month high just above 0.95. In the last week or so it has slowly drifted back a little lower and...
US Fiscal D-Day Has A Yen Longing
Capital markets should be about to change gears. Last weeks disappointing ‘no’ taper certainly has the Fed losing some of its street ‘cred.’ This week, the markets are mostly in neutral, sometimes swayed by the erratic messaging from various Fed heads...
Bank of England Watching Rising House Prices
The Bank of England will keep a close eye on the rising cost of houses in the country and says it can choose from a range of policy tools to employ if a price surge posed a risk to the financial system.A number of recent housing indexes have suggested that prices are approaching...
US Treasury Secretary Warns Republicans Government Cash Will Run Out October 17
Treasury Secretary Jack Lew said Republicans aren’t working fast enough to extend the debt limit—and the consequences of inaction are dire.“If you look at the calm out there, which I think is a bit greater than it should be, there’s a sense that 2011 was a terrible experience and...
Superyacht makers at Monaco Yacht Show buoyant as demand grows
Superyacht makers are in an upbeat mood, with 69% rating prospects for the year ahead as 'good or excellent'. Photograph: Eric Gaillard/Reuters
Ed Miliband's assertion that the rising tide of economic fortune used to lift all boats, but now only...
Forex Volatility Tumbles Post-FOMC, Major USD Losses Unlikely
- US Dollar tumbles post-Federal Open Market Committee decision
- Forex volatility prices likewise fell sharply, limiting potential for Dollar losses
- Our strategy trading preferences favor recent winners
Forex volatility prices have...