Equity markets traded nervously lower this morning ahead of this afternoon’s US employment report. Sentiment wasn’t helped when Dallas Fed chief James Bullard suggested that the Fed could wait until their December meeting if it felt it needed to see more economic data to make a decision on further easing.
This also caused some US...
Read more »
Archive for October, 2010
Markets See Little Movement Despite US Payroll Data
Day Trading: US Dollar Remains Unloved
Sterling shared the misery of the US dollar last week – or was it the other way round? Both currencies were under the cosh, moving within a horizontal two-cent range that led nowhere. Technically, the dollar did better than the pound over the seven days but only to the tune of about a quarter...
Read more »
Where Next for the AUD and NZD Markets?
AUD Day Trading
For the AUD it all depends on the RBA statement.
A three-cent range began the week at the top and ended at the bottom. As luck would have it, the pound opened in London this morning in the middle of it, a cent and a half lower on the seven days.
A scattershot of...
Read more »
FX Day Trading: Single Currency Recovers versus the Dollar
Equity markets have rebounded strongly after this morning’s move by the Bank of Japan to cut its benchmark interest rate from 0.1% to a range between zero and 0.1%, moving them back towards the top end of their recent ranges.
It also pledged to expand its balance sheet by 5 trillion yen in an attempt...
Read more »