By Rika Otsuka TOKYO, Sept 2 (Reuters) - The dollar was on the defensive on Thursday, retaining most of the losses sustained the previous day when upbeat ...See all stories on this topic »
FOREX-Dollar on defensive after data whets risk appetite
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AUD/JPY intraday seasonality overview, 2003-2010
This report continues a new series of reports about intra-day "seasonality" effects in FX. Like in EUR/USD, the hourly movements in AUD/JPY do not precisely average to zero for every hour of the day. Moreover, there appears to be a statistically preferred time to bet on a trend reversal in AUD/JPY....
EUR/USD dips below Thursday’s low but no follow-through
EUR/USD is recovering from a dip to the high 1.3930s, just low enough to trigger stops perched below the lows posted after yesterday’s jobless claims and retail sales data. Having shaken out more longs, what’s a market to do> rebound, of course! Now we’re back up to 1.3970,...
A small heads-up on Thursday’s Retail sales report
The last two Retail Sales reports out of the US have surprised to the downside and there is reason to believe that Thursday’s report for May will be even more of a wild card than normal. This is because Wal-Mart, by far the largest retailer in the US, has stopped providing monthly sales...
G-8 starts planning stimulus exit strategies on recovery signs
The Group of Eight nations began considering how to reverse the emergency steps they took to rescue the world economy as it shows signs of...
More put buying by the Big Guns
A US investment house has been a big buyer of 1.3600 puts today, expiring a week from tomorrow. Last week they bought a half-yard of 1.3800 puts which roll off tomorrow. They are now sellers of spot on rallies to 1.3900, dealers report. This same name was an aggressive buyer of EUR/USD above the...