By Fast Brokers - The USD/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from [...]
USD/JPY Rises after Disappointing Core Machinery Orders Data
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Equity markets turn south, selling flows in EUR/JPY
Both the Kospi and the Australian All Ords were up almost 1% but have now fallen into negative territory. The Nikkei is down 0.25% and Taiwan is down almost 6% in 2 days. Add in to the mix some selling flows out of Tokyo in EUR/JPY and the market has been caught a bit by surprise. As I said earlier...
Hewlett-Packard Announces Earnings
Hewlett-Packard (HPQ) announced that profits dropped by 44 percent during its first fiscal quarter to $1.5 billion versus the same period last...
Fed’s Bullard ‘cautiously optimistic’ on H2 growth
Spreads are coming back toward normal but are not yet at pre-crisis levels, St Louis Fed president Bullard says. High long-bond yields are both a reflection of inflation fears and optimism on the economy, he says. The risks of a Japanese-style deflation trap are receding, he says. The Fed is...
Cable sees nice rebound; M&A;impact?
Cable is back above the 1.6000 level, a somewhat surprising result given the political turmoil in the UK in recent days. Perhaps the potential inflow back to the UK of the proceeds of Barclays Sale of its BGI unit are beginning to have an impact. Upwards of GBP 6 bln could be headed back across the...
EUR/JPY on the slide
Early Tokyo has taken a dislike to EUR/JPY, selling it down from 137.70 to 137.30. Those players caught long at the wrong levels might be bailing out and reassessing as this pair has certainly come quite a long way in a relatively short space of time. GBP/JPY has also met with some early selling,...