Archive for December, 2009
« Previous EntriesBritish Pound Rebound!
Thursday, December 31st, 2009Happy New Year!
This mornings biggest gainer so far is the British pound (GBP), trading up 1.15% vs. the Japanese yen (JPY) and .80% vs. the US dollar (USD). There’s also some Japanese yen weakness, as its down across the board, most notably against the commodity currencies (Aussie, Kiwi, & Loonie).
So what does all of this […]
Dollar/Yen at 3 Month Highs!
Wednesday, December 30th, 2009The US dollar/Japanese yen (USD/JPY) trade is at a 3-month high as high as 92.5 in today’s session. I’ve been on this trade since early December, when I mentioned in this article about the possible trend reversal that occurred and that the Japanese government was attempting (turns out successfully) to jawbone the yen lower. This […]
Waiting for US Consumer Confidence 10AM EST!
Tuesday, December 29th, 2009This morning’s trading is marked by an increase in risk appetite, with the Australian dollar (AUD) and the New Zealand dollar (NZD) leading the way. AUD/USD is +1.33%, AUD/JPY +1.45%, NZD/USD is +1.74, NZD/JPY +1.86%. All this comes in anticipation of the US consumer confidence numbers, which are expected to have improved from previous readings.
Also […]
End of the Year Blowout Sale!
Monday, December 28th, 2009END OF THE YEAR BLOWOUT SALE! OVER 55% OFF!
As we come to the end of 2009, now is the time to look back and reflect upon this past year and to think about making changes going forward. 2009 was a “roller coaster” of a year for investors and many were left wondering what […]
Mild Risk-Taking to Start the Week!
Monday, December 28th, 2009Going into the last week of 2009, the commodity currencies (NZD, AUD, CAD) have been gaining ground against the US dollar, showing a mild uptick from weakness and dollar strength. And while there is no major news on tap for this week and the forex market is expected to be calm, I’m watching other markets […]
Happy Holidays from FXEDU!
Thursday, December 24th, 2009In what some might see as an “early Christmas gift”, jobless claims fell more than expected to 452,000, beating analyst expectations of 470,000. This is a positive sign that the US economy is recovering…. but it’s not out of the woods yet. In any event, the news bolsters the economic trends that we’ve seen recently […]
BOE Stays the Course!
Wednesday, December 23rd, 2009British policy makers voted unanimously to keep their quantitative easing plans in place, signaling that the UK economy may not be rebounding as fast as they would like. This could lead to a longer period of low interest rates as the UK attempts to fight off deflation. As a result, the British pound (GBP) is […]
Santa Claus Rally!
Tuesday, December 22nd, 2009Historically, the month of December has been the best performing month for stocks. Much of this can be attributed to “window-dressing”, the practice of fund mangers pushing up stock prices to make their portfolio performance look better for year end. This is where the nickname “Santa Claus Rally” comes from; that the cheery rotund man […]
Revised GDP!
Tuesday, December 22nd, 2009Revisions in the GDP reports of both the US and the UK are the “news” of the day. In the UK, it was reported that 3rd quarter GDP contracted at .2% vs .3%, but missing analyst expectations of .1%. This means that their economy had contracted less then previously thought. As a result, the British […]
A New Path for the US Dollar!
Monday, December 21st, 2009I’ve written a lot about about the “tale of two trades” and how anti-dollar sentiment has been driving both the stock and commodities markets, but it appears as though this may be changing. Both the stock market and the US dollar Index are on pace to finish the last two months in positive territory, the […]
« Previous Entries