Archive for November, 2009
« Previous EntriesCurrency Markets Return to “Normal”!
Monday, November 30th, 2009In the wake of the Dubai debt crisis from last week, the currency markets are attempting to return to normal, whatever that is. While the risk to overall markets have been heightened, there doesn’t seem to be a dominant theme either way. It appears as though we are taking a “breather”– that is a pause […]
Yen Update!
Friday, November 27th, 2009Just before I left on Wednesday for Thanksgiving, I noted on blog really quickly that the Japanese yen (JPY) was at a 10-year high to the US dollar. Well that was just the start of it. Let’s take a look at Wednesday’s chart of USD/JPY and a 5-minute chart of this pair when the Dubai […]
Dubai Debt Panic!
Friday, November 27th, 2009Well, not exactly a “Happy” Thanksgiving. As Americans like myself were stuffing our faces with turkey and stuffing yesterday, news broke of possible debt crisis in Dubai that may become a strain on the banking system. Stock and commodity futures have sold off heavily across the board, with investors fleeing to the safety of the […]
Yen Strength!
Wednesday, November 25th, 2009As I’m getting ready to take off for Thanksgiving, was just taking a look through some different charts and noticed this one on dollar/yen (USD/JPY): (click chart to enlarge)
This 10-year chart of USD/JPY shows that the dollar is at its weakest against the yen in over 10 years! Remember that when this chart makes new […]
US Dollar Limbo: How Low Can it Go?
Wednesday, November 25th, 2009As I gear up for the holiday invasion and the ensuing gluttony that’s about to transpire, I can’t help but look forward to my next vacation. I’m thinking somewhere tropical, perhaps the Caribbean, enjoying drinks with little umbrellas in them. I lull myself into daydream, counting waves and sunsets as island music fills […]
Weekly Outlook from InnerFX
Tuesday, November 24th, 2009EUR/USD
Yesterday’s rebound against the US dollar (USD) provides a clue about a potential resumption of the longer term uptrend. We’ll see if the euro will manage to hold gains above the fresh breached barrier into the 1.4950 region (which is currently under minor pressure) – formed by the falling trend line coming from […]
Buy Anything!
Monday, November 23rd, 2009From Bloomberg:
Nov. 23 (Bloomberg) — The dollar fell the most in two weeks against the euro after President James Bullard of the Federal Reserve Bank of St. Louis said policy makers should keep stimulus measures in place beyond March.
“It’s probably been weighing on the dollar,” said Brian Kim, a currency strategist in Stamford, Connecticut, at […]
Currency Markets: Ruled by Rhetoric!
Friday, November 20th, 2009Is there an easier market to trade right now than the currency market? There are basically 2 trades going on: risk taking and risk aversion. While this will come as no surprise to anyone who’s in this market, investors in both the stock and commodities markets should also pay attention.
Let’s face it, if […]
Stock Futures Down, Risk Off the Table!
Thursday, November 19th, 2009As of this writing (9:15am EST), the US stock market futures are down considerably pre-market, prompting the flight to safety trade. Therefore, Japanese yen (JPY) and US dollar (USD) are up the most from the overnight session, with Yen vs. the Aussie (AUD) +1.6% and Yen vs. the Kiwi (NZD) +2.45%.
Also to note is then […]
Pound Yen? Or Yen to Pound?
Wednesday, November 18th, 2009The minutes from this month’s Bank of England (BOE) policy meeting have caused the British pound (GBP) to fall this morning, most notably vs. the Euro (EUR) and the Swiss franc (CHF), both around -.8% this morning. The reason for this move was that British policy-makers were split 3 ways in deciding how to extend […]
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