Market Commentary The US Dollar trade mixed wherein it traded flat against the Common currency and the Aussie whereas it has appreciated against the Cable and the Japanese Yen and continued to appreciate against the Swiss Franc....
The USD/JPY pair shot straight up during the session on Wednesday as the Federal Reserve looks to expand and extend quantitative easing going forward. This is almost always indicative of a “risk on” type of trading environment,...
Market Commentary The US Dollar continued to depreciate to hit critical support of 79.45 ranges on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong, DJIA....
The USD/JPY pair had a slightly bullish session for Tuesday, as we continue to bounce around in the 82.50 region. I currently see the 83 handle as the next resistance area that has to be overcome, and...
The USD/JPY currency pair had a slightly negative session on Monday, but you can see that we bounce from the 82 handle yet again, to form a hammer. We have been very blunt about our opinion on...
Market Commentary The US Dollar depreciated across the board on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong. The Dollar Index is currently trading weak...
The USD/JPY pair went back and forth during the session on Friday as the US jobs numbers came out better than expected. This is typical reaction out of this currency pair, as it tends to bounce around...
Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
Japan’s Final Gross Domestic Product dropped to -0.9 percent in Q3, which left the estimate unchanged from Q2. Economists had on average expected the GDP contraction to be revised to a slightly better 0.8 percent decline.
Reports on the US labor statistics continue to portray the economy in a recovery mode. Since expectations for job growth were a smallish 85K, the 146K was a friendly number. The unemployment number – 7.7% – likewise sounded great,...
