Ongoing reports of strong corporate earnings across the board, from UBS to DuPont, and then to Canon, amongst others, have continued to provide a solid support to global equities. A lower than ...
Forex markets still remain under the spell of the European stress test results, with many analysts criticizing the process for lacking credibility. The truth, however, is that news of the results have...
After a month long rout, last week the dollar found some relief on safe haven buying. Most importantly, this signified the return of “bad news equals strong dollar and vice versa” ...
On Wednesday markets were awaiting the Testimony of Fed Chairman Ben Bernanke to gain an insight into the strength of the US economic recovery. Prior to the event there had been optimism in both Stock...
The dollar continues to see selling pressure as the US economic recovery appears to be stalling. Overall growth is there, but “choppiness” is the new word that analysts are using to ...
Economic news will be back in the headlines this morning with today’s release of UK CPI figures followed by German ZEW figures. Forex traders will be especially watching the CPI data as UK ...
AUDUSDThe Aussie traded higher overnight as yesterday’s rally on Wall Street boosted risk appetite. AUDUSD rallied over 250 pips in the past 18 hours to a high of 0.8746. The uptrend received a ...
Asian equities were lower on Wednesday, as a disappointing ISM Non-Manufacturing report on Tuesday increased concerns about a slow-down in the World's largest economy. On the back of risk aversion, ...
Yesterday marked the end of the second quarter of trading and thus led to many wild moves in the markets. Typically, this period leads to sharp volatility as Forex traders make last minute changes to ...
The Yen nearly reached an eight-year high against the Euro at 107.30 as safe haven buying and concerns about European banks liquidity led investors to unwind long positions. For its part the USDJPY ...