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13:20
Is The Dollar To Be Given A Bull Run Break Before Ben?
21.05.2013 13:20
By Dean Popplewell: The market yesterday was a write-off in terms of price action, as a few sovereign nations managed to squeeze in a national holiday in parts of Europe and in Canada. This week’s U.S. fundamental highlight will be delivered tomorrow – the FOMC Minutes from the May 1st meeting and Helicopter Ben’s testimony on the Economic Outlook and Monetary Policy before the Joint Economic Committee, in Washington. On the whole, market price actions over the past few-days indicate that a few investors are becoming a tad nervous ahead of Ben’s speech. Some investors are anticipating...
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8
Seeking Alpha
12:48
Sterling And Yen Wait For No Man
21.05.2013 12:48
By Marc Chandler:The US dollar remains largely in a consolidative phase, awaiting Federal Reserve Chairman Bernanke's testimony before the Joint Economic Committee of Congress tomorrow. There has been much talk about tapering asset purchases and Bernanke's views are critical.However, comments by Japan's Amari, seemingly trying to soften yesterday's comments, after reportedly being criticized by cabinet colleagues helped lift the dollar back toward JPY103. Separately, soft UK inflation figures sent sterling back to the base it built last Friday and yesterday near $1.5165. Against the emergin...
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7
Seeking Alpha
12:40
Fed-Speak To Dominate EUR/USD Trading In Coming Days
21.05.2013 12:40
By FXstreet:The EUR/USD was able to claw back a small portion of its losses suffered last week, finishing the day up 64 pips at $1.2884. Economic news was light on the session with European markets closed and no releases out of the U.S. Market participants will be expecting volatility to really pick up later in the week when we see Fed Chairman Bernanke's testimony to Congress, the release of the most recent FOMC minutes, and a number of other regional Fed speakers on the wires. Given the recent market buzz of the prospects of Fed tapering QE, the next few days could help set a more establi...
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4
Seeking Alpha
12:40
Aussie-Yen (AUD/JPY) About To Take A Dirt Nap
21.05.2013 12:40
By Fiver Capital:The Japanese yen (FXY) surged across the board at the Asian market open on Sunday evening when Japan's economic minister Akira Amari stated "the yen's excessive strength has been largely corrected, and further weakness could be harmful." I expect this unwind of the yen currency crosses (yen strength) to continue for several weeks as Japanese housewives jettison their silver (SLV) and gold (GLD) positions to reclaim yen.On the four-hour chart, the AUD/JPY currency pair is completing a textbook triangle correction after tumbling impulsively off its yearly high at 105.42. If t...
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4
Seeking Alpha
10:32
Reserve Bank Of Australia Meeting Minutes Suggest Rate Cuts Are About The Exch...
21.05.2013 10:32
By Dr. Duru: At some point, the Reserve Bank of Australia (RBA) will accept that if it really wants its currency to sell-off and stay down, it will have to be much more direct about its intentions. The tradition of talking down one's currency is now well-established from the Bank of Japan to the Swiss National Bank to the Bank of England and even the Federal Reserve. The European Central Bank would try to talk its currency down if it was not more fearful of a market overreaction tat prices in a collapse of the euro itself.In Monday's minutes (Tuesday Australia time) of the May 7th policy me...
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6
Seeking Alpha
10:20
10:15: Devisen am Morgen, EUR/USD erholt sich leicht
21.05.2013 10:20
Frankfurt a. M. (www.forexcheck.de) - Der Euro hat sich zum US-Dollar nach dem Absturz bis auf 1,2801 bis auf Kurse knapp unter der 1,29 US-Dollar-Marke erholt.Zum Britischen Pfund läuft der Euro in ei.
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8
Stock World
00:05
GBP/USD: Umkehrstab am 50% Fibonacci Level, 15.05.2012
21.05.2013 00:05
Das Britische Pfund befindet sich aus markttechnischer Sicht und auf Basis des Tages-Charts in der Korrekturphase eines sekundären Aufwärtstrends zum US-Dollar. Mit dem gestrigen Handelstag erreichte die Korrektur im Tagestief schließlich ein 50% Fibonacci Level, gemessen an der jüngsten Bewegungsphase zwischen 1,5805 und 1,6300 USD und testete damit einen potentiellen Umkehrpunkt. Ein anschließender Rebound führte per „Tagesschlusskurs“ dann auch zu einem Umkehrstab und generierte damit ein entsprechendes Signal. Wird das Hoch des Umkehrstabes im weiteren Verlauf bei 1,6123 USD überschritt...
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6
K.I.S.S. Trading
00:04
20.05: Devisen am Morgen, EUR/USD bleibt schwach
21.05.2013 00:04
Frankfurt a. M. (www.forexcheck.de) - Der Euro hat gestern im Hoch 1,2920 US-Dollar erreicht, notiert aber heute Morgen wieder auf niedrigem Niveau um 1,2860 US-Dollar.Zum Britischen Pfund war der Euro.
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6
Stock World
20.05.
Singapore Dollar Drops, Watch For The Rebound
20.05.2013 19:36
BySqueeky Wheel: (click to enlarge) I was outlining an article on why the Singapore dollar (FXSG) would drop in the near future... Then it did before I finished. Why did it drop? Could it go further? And when will it rebound?The immediate trigger was clearly talk of Fed tapering. Expectations of tighter USD supply will obviously raise USD/SGD exchange. Similarly, the growth (slow as it may be) in the U.S. economy will support the currency. In particular, Singapore's relative strength over the last few years was well priced in. The U.S. outlook has been less certain. Couple this with Singa...
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11
Seeking Alpha
20.05.
Spanish Banks: New Look At Restructured Loans
20.05.2013 16:48
By Marc Chandler:Germany, the tightfisted task master, is encouraging Spain to draw down more than the 40 bln euros it already has of the 100 bln euro line secured from the ESM to recapitalize its banks. Spain's budget minister denies there is a need. Germany does not typically encourage countries to take on more debt needlessly. We suspect by late Q3 or early Q4, Spain will, however reluctantly, take Germany's advice as it will likely need more funds for its banks.The continued decline in house prices, the contracting economy and high unemployment point to the likely increase in bad loans....
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5
Seeking Alpha
20.05.
Euro And European Equities Diverging: Sign Of More ECB Action?
20.05.2013 15:28
By Soha Group:The euro/USD (FXE) broke down from a month-long trading range and drifted lower last week. At the same time, European equities (and bonds) traded up and the Frankfurt DAX again closed at a record high. European economic news suggested weakness, including Q1 GDP contraction in France and minimal GDP growth in Germany. A soft euro had been a catalyst for weakness in global markets, but the divergence between the euro and European equities may suggest otherwise. This divergence seems to indicate that investors are expecting more action from the ECB, which would likely weaken the ...
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19
Seeking Alpha
20.05.
Fishing For Yield In A World Of Liquidity
20.05.2013 14:48
By AllAboutAlpha.com:A recent publication on hedge fund strategies posits on one hand that continuous monetary easing actions by central bankers will avoid any sharp market corrections through the remainder of 2013. On the other hand, the same publication does not anticipate "any big rotation from bonds into equities."There will be no very dramatic recovery in the developed countries. In the U.S., for example, though PrevInvest - the market intelligence group offering this report - sees a recovery underway, it notes the movement is at a "gentle pace, far below that observed in previous reco...
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5
Seeking Alpha
20.05.
FX Outlook: The Week Of A USDJPY Pullback?
20.05.2013 13:36
By Sean Bellamy McNulty:FX markets opened with a large pullback in the USDJPY, with some of the higher ups in the Japanese government beginning to taper expectations. Most notably, Japan's Economic Minister Akira Amari had this to say in a Bloomberg interview. "It's being said excessive yen gains have been corrected a lot. If the yen extends losses a lot, people's lives will be negatively affected. It's our job to minimize that." The corresponding price action: (Click to enlarge) Any comments such of this have the potential to cause rallies in the JPY given the large leveraged...
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6
Seeking Alpha
20.05.
Flavor Of The Day In FX: Consolidation
20.05.2013 13:28
By Marc Chandler:Most of continental European markets are closed today for Whit Monday and Canadian markets are closed for Victoria Day. With important data and central bank officials speaking later this week, the market is content to keep most of the major currencies within the ranges seen before the weekend.The yen is an exception. Comments by Economic Minister Amari that the correction to the yen's weakness is nearly complete, and additional yen weakness may be harmful, hit a thin pre-Asia market that saw the dollar spike lower to just below JPY102 before recovering. This was seen as fir...
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5
Seeking Alpha
20.05.
Central Banks Dominate Forces Of Movement In The Week Ahead
20.05.2013 13:20
By Marc Chandler:The most important force that has lifted the U.S. dollar across the board is the sense, encouraged by official comments, of the potential divergence in the trajectory of monetary policy between the U.S. and most of the other major high income countries.In particular, the pendulum of market psychology has swung back toward speculation of tapering off of QE-related asset purchases by the Federal Reserve. At the same time, ECB officials continue to indicate they are carefully considering a negative deposit rate. Many still expect the Bank of England to resume its gilt purchase...
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3
Seeking Alpha
20.05.
10:25: Devisen am Morgen, EUR/USD bleibt schwach
20.05.2013 10:28
Frankfurt a. M. (www.forexcheck.de) - Der Euro hat gestern im Hoch 1,2920 US-Dollar erreicht, notiert aber heute Morgen wieder auf niedrigem Niveau um 1,2860 US-Dollar.Zum Britischen Pfund war der Euro.
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3
Stock World
20.05.
Beware Of This Insidious New Currency Scam
20.05.2013 09:29
By Lou Basenese:It's time to put some ice on a hot investing topic. Some ice cube, that is. In his 1993 hip hop anthem, O'Shea Jackson, better known as Ice Cube, raps…"You better check yo' self before you wreck yo' self. Cus' I'm bad for your health, I come real stealth."And that's exactly the warning speculators in the new(ish) and wildly popular digital currency, Bitcoin, need to hear. Otherwise, they might find their dreams dashed - or worse, their portfolios "stealthily" ruined. Let me explain… Desperate for An Alternative to the U.S. Dollar Ever since the Federal Reserve embarked on ...
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5
Seeking Alpha
20.05.
The EUR/USD Week Ahead: Euro Continues Its Decline
20.05.2013 09:29
By Emil Mark: During the last week, the euro continued its decline and finished 1.2% lower than the previous Friday ($1.283 vs. $1.2985). As we expected in our previous "EUR/USD: The Week Ahead" review, at first the single currency tried to appreciate and touched the $1.3030 area on Tuesday. This was a short lived correction however, and the rest of the week was marked by a declining euro.Negative news regarding the euro and European economies continued to come during the week. The German and EU GDP came out worse than expected and intensified worries about the health of European economy. T...
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15
Seeking Alpha
20.05.
Bearish Developments On EUR/USD Charts Continue To Take Shape
20.05.2013 08:56
By FXstreet:It was a rough week for the EUR/USD, as continued speculation of the Fed tapering QE purchases and worries of economic growth in Europe continued to put pressure on the pair throughout the week. When all was said and done, the pair finished the week down 0.90% to close at $1.2838. Market participants will be focusing on a number reports this week including testimony from Fed Chairman Bernanke, as well as speeches by some regional Fed officials.According to Greg Gibbs, FX Trading Strategist at RBS, the market will be looking closely at the Fed commentary this week. Bernanke's t...
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12
Seeking Alpha
20.05.
The British Pound Is A Bargain
20.05.2013 05:36
By Dr. Duru: The U.S. dollar had a good week ending May 17th. The dollar index (UUP) closed the week above what I call the "QE2 reference price," the level of the index the day before Federal Reserve Chair Ben Bernanke telegraphed the imminent arrival of a second round of quantitative easing in late August, 2010. Since then, the dollar index has only crossed this level once although it came extremely close to doing so last month. Trading relative to the QE2 reference price is an important symbol of the market's sentiment toward the U.S. dollar. When QE3 failed to drive the U.S. dollar lower...
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7
Seeking Alpha
20.05.
Waiting For The Dollar Correction
20.05.2013 05:20
By Tim Clayton:Patience will be required this week before jumping on the bullish dollar bandwagon. The timing of this week's economic diary is very important and will have a clearly defined market impact. The dollar is vulnerable for a correction until the end of Wednesday on event risk before the potential for fresh gains late in the week as eurozone and global doubts increase again.Congressional testimony from Federal Reserve Chairman Bernanke is due on Wednesday, which will be followed by the latest FOMC minutes later in the day. The dollar will be vulnerable to selling pressure on Berna...
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10
Seeking Alpha
19.05.
Sovereign Rates Suggest Further Fall In The Euro
19.05.2013 21:44
By AlphaVN Research:The fundamental story surrounding the eurozone reflects a region where countries are either falling into recession or already there. GDP data released last week showed France and Italy continuing to contract and Germany on the brink of negative growth. The U.S. - German yield differential is pointing to a lower euro (FXE), which could benefit the region by facilitating export-led growth.May 15th's release of European economic data proved to be disappointing. France and Italy's GDP both contracted, putting France into a technical recession. France's first quarter GDP decl...
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24
Seeking Alpha
19.05.
Rising Treasury Yields: QE Tapering Or Real Selling?
19.05.2013 16:08
By AlphaVN Research:Bond yields are rising again. This week we saw the 30 year U.S. Treasury bond close at 3.17%, which does not seem like a particularly important or even dangerous number. In the grand scheme of things it isn't. But it is a very bearish number on a weekly basis looking at a chart of the yield when we look at it within the context of the monthly chart. Rising bonds yields could be the work of the Fed or it could be strategic selling now that the U.S. economy looks like it is in worse shape than what was expected earlier in the year.Here's a weekly chart of 30 year U.S. bond...
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Seeking Alpha
19.05.
U.S. Dollar Weekly Outlook: What's Really Driving The Rally?
19.05.2013 14:08
By Cliff Wachtel: Long Term Drivers and Headwinds First, please accept my apologies to all who've inquired about my absence in recent weeks. Life intervened. A parting of ways with a recent employer has meant I've taken some short term but demanding projects.So here's at least a return to our weekly USD outlook.The short version: The rally looks durable over the coming months because its drivers appear durable over that period. Here's a quick review of them. By implication, any weakening of them would weaken the rally.USD Rally Has Durable Drivers - Markets Tingling With Anticip…..ation ...
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26
Seeking Alpha
19.05.
The Euro Sell-Off And Market Forecasting
19.05.2013 13:04
By Jay Norris: The key to staying on the right side of the market is in knowing how to collate the different tradable patterns in that market. Contrary to what many educators teach it is not "top-down analysis" which counts, but identifying those times when the majority of patterns are aligned. It is widely taught in technical analysis that the higher time frame trends exert the most influence on today's prices. We now know this to be not entirely true. In today's market place where a full 95% of financial futures volume is day traders, the Primary or Secondary patterns are not nearly as ...
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7
Seeking Alpha
19.05.
AUD/USD: Umkehrstab am 61,8% Fibonacci Level, 12.04.2012
19.05.2013 00:05
Im Währungspaar Australischer Dollar vs. US-Dollar lässt sich aus markttechnischer Sicht und auf Basis des Tages-Charts ein Aufwärtstrend unterstellen, dessen Korrekturphase bereits in der vergangenen Woche im Bereich von 1,0240 USD das 61,8% Fibonacci Level erreichte. Nach mehreren Innenstäben auf diesem Kursniveau, generierte der gestrige Handel schließlich einen markanten Umkehrstab. Im weiteren Verlauf erfolgte dann auch die Bestätigung, als die Kurse sehr deutlich über das gestrige Tageshoch gehandelt wurden. Eine neue Bewegungsphase könnte nun ihren Anfang nehmen. Mögliche Widerstände...
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27
K.I.S.S. Trading
19.05.
EUR/USD: Ausbruch aus der Range des Außenstabes – Short-Trade endet, 12.04.2012
19.05.2013 00:05
Der Euro befindet sich auf Basis des Tages-Charts in der Korrekturphase eines Abwärtstrends und markierte Ende Februar im Bereich des 50% Fibonacci Levels, knapp unterhalb von 1,35 USD ein vorläufiges Korrekturhoch. Im weiteren Verlauf gelang es bisher nicht, den Abwärtstrend nachhaltig fortzusetzen und die Marke von 1,30 USD zu unterschreiten. Auch die jüngste Abwärtsbewegung endet zunächst oberhalb dieser Kursmarke und mündete in einer Serie von Innenstäben. Heute entfernte sich der Kurs noch einmal deutlich von der 1,30er-Marke und brach (vorerst temporär) aus der Range des Außenstabes n...
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12
K.I.S.S. Trading
18.05.
Dollar Bull Run
18.05.2013 14:32
By Marc Chandler:The US dollar posted strong across the board gains. It is being driven by the anticipation of favorable developments in the US, in the form of a possible slowing of the Fed's asset purchases, and less favorable developments abroad.While it is technically poised for additional gains, the biggest risk to the dollar comes from Fed Chairman Bernanke's midweek testimony. His commitment to QE and readiness to taper purchases, as others have suggested, will be closely scrutinized. The failure to confirm these growing market ideas, spurred in part by comments from two (non-voting) ...
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14
Seeking Alpha
18.05.
Are We Close To Selling The USD?
18.05.2013 04:32
By Ralph Shell: It has been a great week for the USD as it gained against all the majors. The New Zealand dollar was the last market where the futures traders were long. Early in the week, the kiwi bought .8316 cents per USD, but by the end of the week, it was down under the 81 handle. Should the weekly chart close around this level, it looks like there will be some more to the downside. Remember one of the tricks of The Turtles, as taught by Ritch Dennis, was to hammer a weak Friday close, or, if the market is soaring, buy some more. Their theory was markets will continue their momentum. S...
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11
Seeking Alpha
18.05.
Next Week's Economic Releases You Don't Want To Miss
18.05.2013 00:00
By FXstreet:This week has proven again that fundamental news is not even close to moving the market when sentiment leads. Investors are turning toward the U.S. and the possibility of QE tapering off as early as this summer, and discouraging U.S. macro numbers were not enough to put the dollar's upward momentum down.For the upcoming week, there's little first-line data to watch coming from the U.S. But, as usual, there will be no lack of market movers and central banks will take the lead.AUD and RBA policy meeting minutes, May 21:Hawkish: AUD bullish Dovish: AUD bearish Key pairs to watc...
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5
Seeking Alpha
17.05.
Australian Trade Eyes The Renminbi
17.05.2013 23:36
By QFinance: By Anthony Harrington What does any nation with a significant amount of trade with China want? Probably many things, but a free floating renminbi exchange rate would be high on the list. China knows that the pressure is mounting and it has been doing some reasonable things, such as agreeing with Japan and with Hong Kong that there should be more settlement in RMB. The latest move, announced on 8 April, is direct trading between the Australian dollar and the renminbi.This last move makes the Aussie dollar only the third currency to be able to trade alongside the renminb...
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8
Seeking Alpha
17.05.
Week In FX Asia - Aussie And Yen Remaining The Whipping Currency Of Choice
17.05.2013 21:36
By Dean Popplewell: AUD and JPY bore the brunt of the markets negativity again this week and are forcing the interested parties to reconsider their recent forecasts. The might of Abenomic has been well covered in detail and remains a work in progress for the Bank of Japan. The Aussie thus far reasons are being thrashed out. The currency from ‘down-under’ is finding fault with its own country’s deteriorating economic fundamentals, falling commodity prices and slower Chinese economic activity. In theory the likelihood that the global search for yield will also decline as global growth...
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8
Seeking Alpha
17.05.
Turkey's Investment Upgrade A Plus for TRY?
17.05.2013 20:32
By Dean Popplewell: Turkey this week caught the markets' attention on two occasions, the first, after Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3), in line with Fitch at BBB- and above S&P at BB+. The second time occurred after Turkey’s Central Bank extended its monetary easing cycle. The rating upgrade has been a part of “consensus expectations for an extended period and was one of the main drivers of real money demand for Turkish bonds in the Complete Story »
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6
Seeking Alpha
17.05.
Week In FX Americas - The Loonie Wallows In No Man's Land
17.05.2013 20:32
By Dean Popplewell: The currency that the new governor of the Bank of England is leaving behind, managed to quietly slip to a 10-week low on Friday. It was not even in sympathy to its sister currency’s plight ‘down-under.’ Friday’s reasons had more to do with its domestic CPI print proving that inflation can still surprise on the downside. This seems to be the new global reality – domestic inflations are benign. However, it’s not governor Carney’s concern anymore. When monsieur Poloz takes the reins he may need to start worrying about the sharp under performance to the downside of in...
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6
Seeking Alpha
17.05.
Sell Euro Rallies After Weak GDP Indicates Continued Recession
17.05.2013 20:16
ByRichard Cox:Euro bears continue to see mounting evidence supporting their positions, with the latest example coming with this week's release of GDP data. On a quarterly basis, total output figures in the eurozone fell by -0.2% (slightly worse than the -0.1% decline that was expected by analysts). This equates to a -1% decline when looking at the yearly figures. But while these numbers are a clear expression of weakness, the more alarming point is that this is the sixth straight recessionary quarter, as contractionary conditions have been in place since late 2011. This damages the medium-t...
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6
Seeking Alpha
17.05.
U.S. Dollar Ends Another 9-Year Down Cycle
17.05.2013 17:28
By Ashraf Laidi:Recent rallies in non-USD currencies resulting from poor US data have not lasted long. And those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have not lasted either. Broadening pro-USD sentiment may stay for longer than we had thought as the US dollar index has exited from another nine-year down cycle. The greenback has primarily been boosted by traders' realization that the Federal Reserve is the central bank most likely to precede its global peers in reducing its asset purchases program, regardless of whether it en...
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12
Seeking Alpha
17.05.
Strong Finish To Week For U.S. Dollar
17.05.2013 17:04
By Marc Chandler:The U.S. dollar is capping this week's strong performance with new gains and the Dollar Index is at new highs for the year. It was the dollar-bloc currencies that had the dubious honor of the weakest currencies over the past week, taking the baton from the Japanese yen.Although the U.S. reported some soft economic data in recent days, including a backing up of weekly initial jobless claims, the second consecutive monthly decline in manufacturing output and softer than expected consumer prices, the market is going through one of its episodic periods where it flirts with the ...
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7
Seeking Alpha
17.05.
An Aussie Spanking Is Preferred Over A Timid Euro
17.05.2013 13:20
By Dean Popplewell: It seems that every time that capital markets start to feel optimistic this so-called U.S. recovery disappoints. Yesterday’s disappointing U.S. data (weekly claims, Philly Fed and housing starts) are renewing the debate over whether tapering Fed bond buying in the second half of this year would be premature. An end to stimulus would probably see the Fed hiking the Fed Funds rate. A current concern is that tapering the market seems to automatically link and end to QE with higher borrowing costs. In this scenario it would not necessarily mean the end of either the c...
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8
Seeking Alpha
17.05.
AUD/USD, How Far Can It Fall?
17.05.2013 13:20
By FXstreet:The Australian Dollar is the big story in the Forex market at the moment, after falling without mercy for 10 days in a row (if today's losses are confirmed), erasing in the process almost 600 pips or a 6% off its value vs. the USD. Many traders are understandably starting to question how far can the decline go until a meaningful correction is in place.To find clues, let's look at the price action history. Firstly, it is worth noting how the trend has been progressing in a non-volatile fashion, with some pretty consistent order flow and weak pullbacks, suggestive of low participa...
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14
Seeking Alpha
17.05.
16.05: Devisen am Morgen, EUR/USD weiter im Abwärtstrend
17.05.2013 00:04
Frankfurt a. M. (www.forexcheck.de) - Der Euro verliert zum US-Dollar weiter an Boden. Gestern hat er die 1,2900 US-Dollar-Marke unterschritten und notierte zutiefst bei 1,2850 US-Dollar. Zum Britischen Pfu.
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5
Stock World
16.05.
Japanese Bond Yields: From Wild Turkey To Cold Turkey?
16.05.2013 16:11
By Oriental Trader:There has been much speculation about the aftermath of potentially higher Japanese government bond yields from Abenomics including several interesting pieces from authors on SA (here, here and here) and a piece from yours truly.Recently, sharply increasing Japanese Government Bond (JGB) yields have attracted the attention of the financial community. Does this portend a trend change?(click to enlarge) Source: investing.com Keynes: Speculative Demand for Money When describing sources of money demand, Keynes proposed that there exists a speculative demand for money. This a...
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Seeking Alpha
16.05.
Aussie Smack Down
16.05.2013 15:54
By Marc Chandler:The dramatic sell-off of the Australian dollar is the latest of a series of price developments that have surprised the market. The sell-off in JGBs, which appears to have stabilized, has seen 10-year yields in Japan nearly double, despite the BOJ's commitment to buy 70% of the new supply. The sharp decline in gold prices despite what was purported to be a debasement of paper money. In addition, there has not been a tsunami of capital flooding the emerging markets. Emerging market equities have under-performed the developed markets despite the stronger growth prospects.The A...
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10
Seeking Alpha
16.05.
Fool's Gold - The Dollar? No Way
16.05.2013 13:28
By Dean Popplewell: Is it really the best of a bad lot? Even disappointing PPI and manufacturing data yesterday suggests that the U.S. recovery is somewhat uneven. So far this has not been able to stall the "mighty" dollar’s rally. The dollar bull continues to rely on the last few weeks’ upbeat jobs prints to aid the buck in its quest for higher prices. It was lower energy prices that led U.S. wholesale prices to their biggest decline in the producer price index in more than three-years last month (+0.7%). This would suggest that U.S. inflation is currently a relative non-issue, imp...
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7
Seeking Alpha
16.05.
When Bad News Is Good News For Australian Stocks
16.05.2013 13:12
By AlphaVN Research:The relationship between currency weakness and equity strength is generally a function of ultra-low interest rates, which are geared toward enticing investors into stocks with the hope of increasing consumer demand. The FOMC's chairman Bernanke and the BOJ's Kuroda have certainly earned kudos amongst equity investors for their attempt at forcing investors out the risk spectrum, which calls into question whether other countries will follow suit given the current macro backdrop. Tailwinds Last week, the Reserve Bank of Australia reduced their benchmark interest rates by ...
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11
Seeking Alpha
16.05.
09:47: Devisen am Morgen, EUR/USD weiter im Abwärtstrend
16.05.2013 09:48
Frankfurt a. M. (www.forexcheck.de) - Der Euro verliert zum US-Dollar weiter an Boden. Gestern hat er die 1,2900 US-Dollar-Marke unterschritten und notierte zutiefst bei 1,2850 US-Dollar. Zum Britischen Pfu.
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9
Stock World
16.05.
Forex: Unstoppable Dollar Sends The EUR/USD To Further Lows - More To Come?
16.05.2013 00:17
By FXstreet:Another day and another monthly low in the EUR/USD. It wasn't a good day for EUR: The common currency hit its lowest level in over a month against the greenback, testing 1.2841 on the back of disappointing GDP readings in France, Germany, and the EU itself. In the middle of the session, worse-than-expected economic data in the U.S. provided some respite to the pair. However, the dollar continues to build a bullish trend and, consequently, the EUR/USD reached fresh lows.The pair closed 0.30% negative on the day at 1.2880, and short-term perspective is slightly bearish according t...
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22
Seeking Alpha
16.05.
15.05: Devisen am Morgen, EUR/USD fällt unter 1,29
16.05.2013 00:05
Frankfurt a. M. (www.forexcheck.de) - Der Euro verliert zum US-Dollar weiter an Boden. Nach dem Hoch bei 1,3180 US-Dollar vor einer Woche hat er soeben die 1,2900 US-Dollar-Marke unterschritten. Zum B.
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10
Stock World
15.05.
What The Skeptics Are Saying About The Dollar Rally
15.05.2013 22:49
By Kathy Lien: We have made it clear that we like the U.S. dollar and think USD/JPY is headed for a break of 103 and the EUR/USD down to 1.28. However, there are many skeptics out there who argue that the dollar doesn't deserve its current valuation, let alone further gains. Their reasoning has some merits, and eventually we believe that the dollar rally will lose momentum. But if there's one thing we have learned about the FX market, it is that currency moves can become more exaggerated and out of line with fundamentals than most people would anticipate. When the optimism reaches a peak, ...
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Seeking Alpha
15.05.
USDCAD: With Oil Goes The CAD
15.05.2013 19:44
By Sean Bellamy McNulty:The shift out of commodities continues in what I suspect will be a longer term trend. Of note as of late is the divergence between oil and the S&P500. This relationship has held since 2009, where a rise in the S&P500 equated to a rise in oil prices. (Click to enlarge) Source: Business Insider This relationship acted as a cap on SPY rallies, as increases in oil prices have corresponded closely to downturns in the economy. Recessions in 1973-1974, 1979-1981, 1990-1991 and 2000-2001 all had this feature. Therefore, the breakdown of this relationship is a...
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Seeking Alpha
15.05.
Stocks Still Undervalued: Buy High-Yielding Currencies
15.05.2013 16:16
ByRichard Cox:The central market story of 2013 has been the new record highs posted in the U.S. benchmark indices. The S&P 500 (SPY) is in route to the mid 1600s and the Dow Jones Industrials, played through the SPDR Dow Jones Industrial Average ETF (DIA), now show an established foothold above the 15,000 handle. While the upward momentum is encouraging for global markets, there are important arguments for why this bull move has yet to run its course. Near term, however, overbought conditions suggest that stocks are vulnerable to downside risks. So how can investors play these moves? Are st...
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Seeking Alpha