Monthly archive July, 2013

Article Summary: Interest rates in the United States remain near zero percent while similarly low yields in the Euro Zone, United Kingdom, Japan and other countries have left investors scrambling for yield. Is there anywhere in the world that offers Read More →

THE TAKEAWAY: RBA keeps benchmark rates at 2.75% while maintaining dovish tone > USDJPY trades beyond ¥100.00 for the first time since June 5 Several noteworthy fundamental and trade-related events occurred today. During the Asian session, the Reserve Bank of Australia Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10868.03 10882.8 10815.11 0.44 86.41% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.44 percent higher from the open amid the negative headlines surrounding the euro-area, and the shift Read More →

THE TAKEAWAY: UK PMI for construction rises to a yearly high -> Positive economic indicator comes days ahead of Carney’s first BoE meeting -> Pound tumbles along with equities The UK Purchasing Managers’ Index for construction reached a yearly high of Read More →

US Factory Orders data and scheduled remarks from central bank officials are in focus as speculation about “tapering” Fed QE efforts remains at center stage. Talking Points US Factory Orders, Fed-Speak Key with QE “Taper” Outlook in Focus Eurozone PPI Improvement Could Boost Read More →

Dollar Rally Stalls Before Breakout as ISM Data Stirs Taper Talk Australian Dollar Finds Little RBA Support for Reversal, Rally Euro: Does 1.3075 or 1.3000 Break First? Japanese Yen: Tankan Report Reinforces BoJ Stimulus Drive British Pound Finds Little Volatility on Carney’s First Day Read More →