By Marc Chandler : After wild swings at midweek (October 15), the US dollar spent the last two sessions of the week consolidating. While we expect the Federal Reserve will not be distracted by the recent market turmoil, or the softening of some market-based measures of inflation expectations, and
it's the greenback ( UUP -0.8% ) which is taking the brunt of sales in foreign exchange. The euro ( FXE +1% ), yen ( FXY +0.9% ), swissie ( FXF +0.9% ) are all sharply higher, with cable ( FXB +0.2% ) advancing moderately. The loonie
achieve the bank's 2% inflation target next year without more monetary easing. Nikkei closed down 0.7% . ETFs: DXJ , EWJ , FXY , YCS , JGBS , DFJ , JGBD , NKY , JYN , DBJP , EZJ , EWV , YCL , SCJ , DXJS , JPNL , ITF , JSC , JGBL , JPP , JGBT , JPNS , HEWJ
2% ), loonie ( FXC +1.2% ), aussie ( FXA +1.3% ), swissie ( FXF +0.7% ), pound ( FXB +0.5% ), and yen ( FXY +1.1% ) are all posting sizable gains. Dollar ETFs: UUP , UDN , FORX , UUPT , UDNT , USDU Broad commodity ETFs: DBC
Gross also likes Mexico (ETFs: EWW , UMX , SMK , DBMX , QMEX ), and says he may take "mild short positions" in the euro ( FXY , YCS , JYN , YCL ) and yen ( FXE , EUO , ERO , DRR , EUFX , ULE , URR ). Janus may develop an ETF to track Gross's fund
the States. Plunging itself for a few weeks now, the yen (NYSEARCA: FXY ) put in a positive session, rising 0.25% vs. the dollar to ¥108/63. ETFs: DXJ , EWJ , FXY , YCS , JYN , NKY , DBJP , EZJ , EWV , YCL , JPNL , ITF , JPP , JPNS
to deploy additional easing anytime soon, although a weakening yen will make that target very difficult. ETFs: DXJ , EWJ , FXY , YCS , DFJ , JYN , NKY , DBJP , EZJ , EWV , YCL , DXJS , SCJ , JPNL , JSC , ITF , JPP , JPNS , HEWJ , FJP , QJPN , JPMV , DXJT
By Marc Chandler : The week ahead is sandwiched between last week, which featured an FOMC meeting, the launching a new four-year funding scheme by the ECB and the Scottish referendum, and the week after that sees an ECB meeting and details about the ABS/covered bond purchase program, and the US ...
breaks for small businesses to spur capital spending. ETFs: DXJ , EWJ , DFJ , NKY , DBJP , EZJ , EWV , SCJ , JPNL , DXJS , JSC , ITF , JPP , JPNS , HEWJ , FJP , DXJH , DXJR , DXJF , DXJC , DXJT , FXY , YCS , JYN , YCL Post your comment!
the JPX-Nikkei Index 400 gained 1.2% to 12,085.85. ETFs: DXJ , EWJ , DFJ , NKY , DBJP , EZJ , EWV , SCJ , JPNL , DXJS , JSC , ITF , JPP , JPNS , HEWJ , FJP , DXJH , DXJR , DXJF , DXJC , DXJT , FXY , YCS , JYN , YCL Post your comment!