Yen soars, global stocks down on Bank of Japan’s lack of fresh stimulus

The yen surged on Thursday after the Bank of Japan surprised markets by declining to boost its stimulus, battering Japanese stocks and briefly weighing on markets in the United States and Europe. The yen JPY= surged against the dollar, euro EURJPY= and sterling GBPJPY=…

Global stocks fall on lower oil prices, U.S. services sector contraction; USD/JPY drops

Stocks across the globe fell on Wednesday on concerns over economic growth but were off their session lows after crude oil futures turned higher following U.S. data.
The first contraction in the U.S. services sector since October 2013 weighed on financial stocks but energy shares cut losses as Brent gained nearly 3 percent. Oil prices rose after strong U.S. gasoline demand offset worries over record high crude stockpiles in the world’s largest economy…

Euro re-emerging as a safe haven currency for investors?

LONDON—The euro eked out a gain amid a wave of selling on Monday, a small move that demonstrated a broader shift in investor thinking. Over the past few years, the euro has been a barometer of risk: When the markets got cloudy, it fell. But…

Daily Forex Market Review 12/13/13 (+35 pips)

Today’s Trade Result: +35 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 12/03/13 (+25 pips)

Today’s Trade Result: +25 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Daily Forex Market Review 11/15/13 (+25 pips)

Today’s Trade Result: +25 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

US Nonfarm Payroll Employment (NFP) To Beat Expectation In August

US Nonfarm Payroll Employment figure is expected to beat expectation tomorrow, according to the slew of positive indicators ahead of the release: (US) INITIAL JOBLESS CLAIMS: 365K V 370KE; CONTINUING CLAIMS: 3.322M V 3.315ME Prior Initial Jobless Claims revised higher from 374K to 377K. 4-week average claims: 371.25K v 371K w/w (US) AUG ISM NON-MANUFACTURING: […]

Currency Strength Meter Explained

Let me take this opportunity to explain what Currency Strength Meter (CSM) is and how to take advantage of this amazing little tool, because once you start using it, you won’t take another trade without it! Here’s a brief description of CSM: a standalone program that calculates over 30+ currency pairs in real time and […]

JPY Intervention Not Likely – Mr. Yen

(JP) Former MoF Official Sakakibara (“Mr Yen”) commented that he did not see need for JPY currency intervention at this time as the JPY was not too high at current levels. He saw USD/JPY in range between 75 to 80 for the next few months but move below the 75 handle if the European crisis […]

G7 Joint JPY Intervention On The Horizon?

(JP) Japan Fin Min Azumi reiterated that equity market level is not reflective of actual corporate performance; G7 needs to have a common understanding on the global economy. (JP) Japan Fin Min Azumi: Main topic was about Europe and G7 agreed to work together on Spain and Greece Conveyed concern over JPY currency strength to G7 […]

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