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Is USDJPY Set For A Temporary Bounce?
30On September 1st, Brazilian central bankers cut the benchmark Selic rate by 50 basis points, lowering the rate to 12%. A surprise to the markets, the decision comes as policymakers
AUDUSD Jumps To 3-Week High On US ISM Data
30According to the Institute for Supply Management, manufacturing activity in the United States actually improved in August. But, the number isn’t as positive as you might think. A closer look
What’s Happening With Currencies – September 1, 2011
30A bit of profit taking has taken over the major currencies, helping to lead the US dollar higher in the session. Although plenty of economic news has been released this
Daily Technical Update – Sept 1, 2011
30U.S. Dollar key points: Economic data has been positive lately. ISM manufacturing data on tap today. Non Farm payrolls due tomorrow. EUR/USD Key Points: Political wrangling continues with the EFSF.
Speculators beware of the Brazilian Real
30The Brazilian central bank cut rates today from 12.5% to 12% on concerns of global economic growth. The bank has raised rates five times this year to fight high inflation.
Swiss National Bank Fails Again, USDCHF Drops
30Once again Swiss officials failed to dissuade the market, allowing for a massive gain in the Swiss franc on August 31st. Against both the euro and US dollar, the Swiss currency
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