USDJPY continues its downward movement from 94.68 and the fall has reached as low as 91.87 level. Deeper decline is still possible in a couple of...
USDJPY continues its downward movement from 94.68
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Dollar comes under renewed pressure as short end of US Yield curve sheds gains
The short end of the US Yield curve is shedding some of the gains seen since the Payroll report, with Dec Eurodollar futures rising by around 14 basis points so far this morning as the market moves away from expecting early US rate hikes. Some quite horrible weekly Redbook sales data, down 4.4% y/y...
Romania Central Bank Cuts Rate 25bps to 6.00%
The Banca Nationala a Romaniei cut its key monetary policy interest rate by 25 basis points to 6.00% from 6.25%. The Bank...
A Bear Market in Trust: Good for Gold Stocks
A Bear Market in Trust: Good for Gold Stocks by David Fessler, Investment U Senior Analyst Monday, December 5, 2011 The world markets held...
EUR/GBP long term technicals
The 61.8% Fibo at .8490 should provide initial support but a break below there will target an interim low at .8260, which also coincides with the long term trend line. The previous important low at .8635 is now the first level of resistance with little behind there until...
Introducing CERPI, the correlation-based forex inefficiency index
Currency Exchange Rate Predictability Index (CERPI) is a measure of market inefficiency with a specified time frame (time scale) and measurement interval. For quantities we report regularly, measurement interval is the same as period of measurement. For example, quantities reported in the Forex...