Freeport-McMoran (NYSE:FCX) reported Q4 EPS of $0.67, which includes a $0.05 charge for labor costs. Consensus estimates were for EPS of $0.61.The...
Freeport-McMoran Beats Estimates But Cuts 2012 Copper Sales Target
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USD/JPY: Decent sized buying interest 97.00/25
The JPY crosses are proving to be very stable at lofty levels with GBP/JPY now consolidating well above 160 and AUD/JPY trying to form a foothold above 80. The USD bears are being cancelled out by the JPY bears which should mean that USD/JPY continues to range trade both in the short and medium...
Usual suspects rumored buying dips
A US investment bank and the Chinese were rumored buyers on the most recent dip into the 30s and then chasing EUR/USD higher, dealers report. We trade now at 1.3966. Offers are seen in the 1.4030/40 area if we can garner topside...
Cross action likely to dominate
Cable and AUD/USD are exactly where we left them yesterday but the EUR and JPY have been hurt on the crosses. EUR/GBP was a big mover but as I’m not short already, I’m not going to start chasing it. I have some strong support coming at .8490 (technicals to follow). My feeling with...
USD/JPY Blocked by our 3rd Tier Downtrend Line
By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of...
FX speculative positioning: USD shorts on the increase
Another reason to be very careful getting long EUR/USD, cable or AUD/USD at current levels. USD shorts are at their highest level in almost a year, although not yet at extremes. Overall JPY positioning has flipped from long to short and the big unwind in GBP short positions has gained pace. EUR,...