By Dan Eduard – Upbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up....
EUR and GBP Boosted due to Higher Risk Appetite
Source: feedproxy.google.com
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Cable continues higher
Cable is doing a good impression off the duracell bunny, just seems to keep on going. Presently at 1.6415. Next technical resistance now at 1.6430/35. Risk appetite in fine fettle. S&P futures up at high of day, up around 8...
Obviously the model is still out of form!
Apologies for the slight break in transmission, suffered some minor technical difficulties. Not much has luckily happened in the interim although the s/t model signal isn’t looking too good with EUR/JPY drifting lower, currently at 136.85. Maybe we should use them as a reverse indicator and...
Boeing Earnings Preview (BA)
Boeing (NYSE:BA) is expected to report Q4 earnings on Wednesday before the market open with a conference call scheduled for 10:00 am ET.According...
Japanese data disappoints
Manufacturer’s forecast orders will fall by over 5% in the second quarter, against expectations of a 0.5% rise by most analysts. This suggests that the Japanese manufacturing downturn is ongoing. The corporate goods price index fell by 5.4% against expected...
European Morning Forex Wrap Up; cautious start to the week
ECB’s Nowotny: Level of euro isn’t a major threat right now. It merits scrutiny but no immediate action France’s Finance Minister Lagarde reiterates we all want a strong dollar Japan PM Hatoyama: Does not think Japanese economy has turned around despite fall in Japan’s...