Tuesday 20 Jul 2010
The government received two important signals today; one demonstrating the need to deal with the parlous state of the nation’s finances, and one indicating the pain tackling the deficit will cause. Read More
Tuesday 20 Jul 2010
Goldman Sachs’s revenues miss and mixed US data will likely maintain US 10 yr yields near 2.90% to the benefit of the yen. Despite the euro’s retreat, expect $1.2770 to act as a support ahead of Frida... Read More
Monday 19 Jul 2010
Tomorrow morning, the Bank of Canada is widely expected to raise interest rates by another 0.25% to 0.75%. In addition to the strong capital flows, recent data supporting strengthening an increase inc... Read More
Monday 19 Jul 2010
At the time of writing this, the BP gusher appears to have been capped. If true and sustained, then in Churchillian terms this is “Not the end. It is not even the beginning of the end. But it is perha... Read More
Monday 19 Jul 2010
I always thought that a double dip was some terrible faux pas at a cocktail party with limp celery and the warm houmus. Now I know better – it is of course a non specific economic term that appears to... Read More
Monday 19 Jul 2010
The Dow Industrials (US30 CFD) have been stabilizing in the 10,100-10,200 range this morning with more resistance near 10,400 and more support near 10,000. The S&P 500 (SPX500 CFD) has been holding in... Read More
Monday 19 Jul 2010
An improving yield spread in favour of EU vs. USD, decreased euro shorts in the Chicago Mercantile Exchange and broader emphasis on US data. Markets shift to Wednesday's Bernanke testimony to Congress... Read More
Friday 16 Jul 2010
At the same time that sentiment toward the US has turned sour, some of the fears that had been swirling around the European economy have been easing now that austerity measures have been announced in ... Read More
Friday 16 Jul 2010
In addition to these major developments, another round of generally positive earnings can also help to shore up investor confidence. A number of companies have beaten expectations, especially in the f... Read More
Friday 16 Jul 2010
What was strictly a broad USD decline (until yesterday) is now spilling over onto broad EUR rally as the break of $1.2770 stops on EURUSD paved the way for a EUR theme --to the extent that EURGBP has ... Read More
Thursday 15 Jul 2010
There has been a lot of economic data reported overnight, much of which came in below expectations. The headline number was China’s Q2 GDP growth of 10.3% over year which fell short of the 10.5% stree... Read More
Thursday 15 Jul 2010
JPM’s stronger than expected Q2 earnings ($1.02 vs. exp $0.67) breathe some life into the risk trade at the expense the USD and JPY, after these currencies had rallied throughout a downbeat Asian sess... Read More
Wednesday 14 Jul 2010
With today’s earnings schedule very quiet, it appears the street has taken today to pause and take stock ahead of a very busy two days to close out the week. Starting tomorrow, focus shifts toward the... Read More
Wednesday 14 Jul 2010
Strategic outsourcing company MITIE provides cleaners, chefs, rat-catchers and other blue collar workers to businesses and government agencies. Read More
Wednesday 14 Jul 2010
EURGBP may be attempting to break its 4-month losing streak (longest since 1999) but is likely to fail as GBP unleashes a series of bullish econ data and traders begin to see beyond the pessimism of B... Read More
Tuesday 13 Jul 2010
European news has also been positive with Greece returning to bond markets with a EUR 1.625 6-month bill issue at 4.65%, below the key 5.0% level. The one negative development of the day, Moody’s dow... Read More
Tuesday 13 Jul 2010
Reporting its full year results earlier this year, nightclub operator Luminar set out a plan to reverse sliding sales that involved improving its music and drinks range, making clubs more trendy and m... Read More
Tuesday 13 Jul 2010
The Dow Industrials have broken through resistance levels near 10,250 and 10,300 overnight with next key resistance in the 10,450-10,550 range near its 200-day average and the June high. The S&P 500 h... Read More
Tuesday 13 Jul 2010
The US trade deficit rose 5% to $42.3 bln in May, hitting a 18-month high. The trade gap is now 70% above the lows reached exactly 12 months ago as US oil imports have almost doubled over the last 12 ... Read More
Monday 12 Jul 2010
What has happened to expectations? By the end of the winter, expectations of a strong economic recovery had been running high. The spring correction, however, appears to have been mainly related to a ... Read More
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