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Japanese Unemployment Jumps, USDJPY Remains Stable
30The USDJPY continued to trade above support at 77.50 following mixed economic reports released today by the Statistics Bureau. According to the Japanese bureau reports, household spending improved in the
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Fitch Cuts US Economic Outlook to Negative
30In a not so surprising move, Fitch Ratings service cut its outlook for the US economy to negative from stable. The move follows warnings from the global credit agency earlier
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Market Welcomes Belgium Debt, Boosts Euro Demand
30Aside from speculation over an IMF loan to Italy and the possibility of opening up the debate over Eurobonds again, the EURUSD gained some traction against the greenback following positive
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Why The UK Sales Report Is Bad For The British Pound
30November retail sales for the UK were pessimistic according to the most recent Confederation of British Industry report. Survey findings fell another 8 points to a reading of -19, far
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What’s Happening With Currencies – November 28, 2011
30Market risk has roared back in positive fashion following speculation of an IMF loan to Italy and record Black Friday sales numbers. The two announcements are helping to provide some
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EURUSD Gets Boost From IMF Speculation
30Rising above the 1.3231 close on Friday, the EURUSD currency pair got a boost in the Sunday opening following optimistic news on a potential IMF sponsored loan. The release was
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Chinese PMI Slump Bad For the AUDUSD
30According to the most recent data, the Chinese manufacturing sector has been dealt a serious blow in the month of November. The sector experienced one of the worst months in
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What’s Happening With Currencies – November 23, 2011
30Risk sentiment has been badly damaged by recent global economic reports and more news out of Europe. With fears that the European Union may very well opt for a two
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Durable Goods Orders Drop Less Than Expected
30As anticipated, US durable goods orders declined in the month of October, confirming Federal Reserve fears that output in the world’s largest economy continued to remain weak. According to data
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German Bund Auction Fails, EURUSD Plummets
30The euro currency came under massive selling in the morning following news of a failed German bond auction. Demand rose far less than expected for the benchmark 10-year note, barely
