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Good Morning & Happy Fed Day, All eyes are on chairman Bernanke and the US Federal Reserve today: rate announcement and economic projections are slated for 2:00PM EST and the press conference slated to follow 30 minutes later. Action in …
Good Morning, It was a quiet overnight session characterized by lighter flows and diminished volatility ahead of the US Federal Reserve press conference tomorrow. The big mover over night was the Australian Dollar, which has come down nearly a big …
Good morning, While the upcoming week is fairly intensive in terms of economic data, focus will also be centered upon the G8 summit in Northern Ireland, along with the Federal Reserve’s two day policy meeting which will conclude on …
Good morning, North American equity markets experienced a nice rebound to finish yesterday, with a late ramp at the end of the session spurred by a Wall Street Journal article in which Jon Hilsenrath tried to play down the …
Good morning, The price action seen during the beginning of the overnight session was reflective of a heavy unwind occurring, as the Nikkei’s bottom fell out and dragged the index down by over 6%, a level that marks official …
Good morning, Yesterday’s global equity market rout continued as the overnight Asian session began, with soft Japanese economic data and concerns major central banks are less willing to increase monetary stimulus had investors looking to shed exposure to high-yielding …
Good morning, Yesterday’s North American trading session saw US equities finish the day essentially unchanged, while the Dollar Index (DXY) index remained well bid after the S&P raised the credit outlook on the United States from negative to stable. …
Good morning, Concerns surrounding the economic recovery in China were revisited over the weekend, as dreary trade balance figures signalled weaker global and domestic demand. The year-over-year (y/o/y) figures showed exports grew by a paltry 1.0%, down from the …
Good Morning, Happy non-farms day readers, before we get to that however, let’s take a stroll through overnight markets. For those of you who were away from your computer/ blackberries yesterday, the New York session was one of the most …
So much for that ‘Holding Pattern’ in currency markets ahead of tomorrow’s American employment statistics. Late in the New York morning, the USDJPY broke through significant technical support; this triggered large stop-loss orders and caused a broad based capitulation of …
