All the excitement in the previous week came to a screeching halt when the US Labour Department released the hotly watched Non Farm Payrolls figures on Friday evening.
The 120,000 jobs added in March were the lowest in five months, underscoring Fed Chairman Ben Bernanke’s concern that recent ga...
YTE Blog
Viewing entries tagged US Dollar
China reported positive figures over the weekend, sending risk currencies higher.
The Purchasing Managers’ Index, compiled by China’s logistics federation and the National Bureau of Statistics, rose to a one-year high of 53.1 in March from 51 in February.
As Australia’s largest trading partne...
With the Greek story out of the way, all eyes are now focused on the recovery of the US economy.
Over the last couple of months, the US has reported consistent improvements in key economic reports such as non-farm payrolls and retail sales.
For the month of February, US employers added 227,000 ...
In the strongest signal yet to reduce reliance in exports and capital spending in favour of consumption, China’s Premier Wen Jiabao set the pace for this year’s growth at 7.5%.
The announcement was made yesterday during the state-of-the-nation speech delivered to 3,000 lawmakers at the annual m...
This week's top trading blogs...
Swing Trader's Edge
Well if you want a catalyst, than here it is. I have always used the charts to guide me in my trading but I certainly do not ignore wider macro and fundamental issues. Tuesday's decision by the RBA to leave rates on hold will prove to be ...
Last week, US government data beat all estimates when it reported that Non-Farm Payrolls rose by 243,000 in January. The official figures easily surpassed the 140,000 estimate by economists.
Additionally, the unemployment rate came in at 8.3%, the lowest level in nearly 3 years. This also recor...
This week's top trading blogs...
Commodity Trader
Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices r...
This week's top trading blogs...
Forex Trading Blog
In the UK, a weaker than expected CPI figure and increased speculation about further quantitative easing by the BOE has seen the currency remain heavy in the past few trading sessions. The opportunity exists for a short EURGBP trade at leve...
This week's top blogs...
Don Miller's S&P Trader Tank
This week’s Briefing continues following the theme discussed in recent issues related to short- to moderate-term expectations for the market and how we’ve structured client portfolios of varying risk profiles. To those new to the Bri...
Last week, the Monetary Authority of Singapore said that the global economy and financial system are at their most fragile state since the 2008 crisis, with the immediate outlook characterised by a high degree of uncertainty.
Not the most encouraging words for traders and investors to hear, but ...
Last week, 2 major central banks slashed their interest rates by 25 basis points each.
The Reserve Bank of Australia was the first to act, cutting rates from 4.75% to 4.5%. This was followed 2 days later by new ECB chief, Mario Draghi, who surprised everyone by cutting rates from 1.5% to 1.25%.
...
What was original a 2 day meeting between the European finance chiefs has now been scheduled for 6 days. With a final announcement scheduled for Wednesday, the lengthy Summit shows that the people in charge are committed to hammer out a solution for the on-going debt woes in Europe.
There are es...
We are officially in a bear market.
The bloodshed in the markets last week was breath-taking, with more than US$3.4 trillion (s$4.4 trillion) erased from equity values and over US $1 trillion in the US equity market alone.
Here’s a snapshot of some of the carnage:
1) The Dow Jones Industrial A...
Close to 8 trillion US dollars has been wiped off global equity markets since the S&P downgraded the US debt less than a month ago. Suffice to say, every trader would take this as a cue that the US dollar is weakening.
In the currency maket, the scenarios are played out slightly differently...
It has been a roller-coaster ride in the Forex Markets at the start of this week.
The main news that caused the big movements in the risk currencies was the fact that Standard and Poor’s downgraded the AAA rating of US debt.
This is the first time that US assets have been downgraded since they ...
I was in Kuala Lumpur last week to speak in the International Rubber Conference 2011. Part of my message centred on how the US would increase its debt ceiling before the dreaded deadline of August 2.
The whole of last week had the world riveted on the U.S. because it seemed that U.S. policymake...
This chart was shown in the Jul/Aug 2009 issue of YTE magazine, highlighting the presence and importance of the Gann 108 Square and currently makes interesting viewing where the price action is now indicating an important rally.
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