… currencies, with the dollar bull ETF ( UUP ) gaining 0.6% - an unusually large move for that vehicle. Strength against the yen ( FXY -0.3% ) and the aussie ( FXA -0.9% ) are givens of late, but the greenback is up about 1% vs. both the loonie ( FXC …
… Japan GDP report, weighing on the Nikkei ( EWJ , DXJ ), which fell 0.39% but still held onto the 15,000 level. The yen ( FXY ) was firm against the dollar for most of session, trading around ¥102, but has since lost ground, falling 0.40% to …
By Edward Hugh : The future never resembles the past - as we well know. But, generally speaking, our imagination and our knowledge are too weak to tell U.S. what particular changes to expect. We do not know what the future holds. Nevertheless, as living and moving beings, we are forced to act. - ...
By George Dorgan : Based on 5 indicators - credit cycles, current account and trade balances, financial position of the concerned country, risk aversion and the alignment of rich and poor nations - we explain the price movement of FX prices on a fundamental data basis. Please read the first part ...
… away with mixed feelings regarding the state of the Chinese economy. Broken record: Nikkei rallies, yen falls. The yen ( FXY ) continued its slide early Monday, falling to a new four-and-a-half year low against the dollar (before recovering …
One casualty of Friday's yen ( FXY ) rout are South Korean stocks ( EWY -3.6% ) as the Kospi falls 1.75% in Seoul. The weaker yen hurts Korea's exporters and Thursday's 25 basis point rate cut is likely no match for the BOJ's monetary bazooka. Post your comment!
… Breakfast Editors submit: Top Stories Dollar rises above ¥100, Nikkei Soars. For the first time since April of 2009, the yen ( FXY ) fell through the 100-level against the dollar, helping the Nikkei rally nearly 3% on the session and almost 7% on the …
The yen ( FXY -0.8% ) has weakened sharply in the last few minutes , with the dollar making another run at ¥100, currently buying ¥99.80. A move into triple digits would be the first time that high for the greenback in 4 years. 1 comment!
By Doug Short : By Eric Schaefer of American Independence Financial Services In 1989, the eminent American economist Charles Kindleberger delivered a series of four lectures on the subject of economic laws and economic history. Among the four was the law of one price. As its names implies, the law
By Matthew Claassen : Distortions We have all heard numerous pundits talk about the distortions in the markets brought about by the Federal Reserve's policy of continuous low interest rates and monthly purchases of Treasury and mortgage backed securities. While it's getting more obvious by the week