Euro Bullish Breakout - December 18, 2012 15:21

In yesterday’s blog I noted that the Euro / US Dollar cross was approaching breakout territory.  The Euro last Friday put in the highest weekly close versus the Dollar since late May and was threatening last week’s high at $1.317.  Yesterday took the price of the Euro over that level and today it has followed […]

Nokia Pops on China Mobile Deal - December 7, 2012 20:23

Yes, this was announced a couple of days ago but it’s important to note that Nokia’s stock has continued to rally on this news.  But, it’s more structural than that.  Sales of the Lumia 920 are so strong that Nokia is finding itself in a modest version of the Apple problem — demand far outstripping […]

Euro Pushes Back Towards $1.30 on Hope - November 24, 2012 0:03

At this point I have to agree with with zerohedge about the Euro, so little of the news coming out the euro-zone leadership anymore makes any sense whatsoever that movements in the big global markets on any one day can be tied to anything in particular.  Two weeks ago the Euro was looking at a […]

Yuan Hits All-Time High Versus Dollar - November 15, 2012 17:58

Since the announcement of QEternity by the Federal Reserve in September the Chinese Yuan has been on a tear versus the U.S. Dollar.  However, the Fed has steadfastly refused to actually open up the money printing spigots as it announced it would and has actually been tightening the base money supply and holding credit growth […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Euro Ends the Week Flat, Awaits Spain’s Capitulation - October 13, 2012 0:32

As we enter the winter it looks like we are going to be treated to another season ofWill They, Won’t They in which another Euro-zone country on the verge of defaulting on its sovereign debt attempts to wriggle out of its self-imposed straight jacket of debt.  Last season it was Greece, this year the series […]

Yuan Hits All-Time High Vs. The Dollar - October 11, 2012 23:20

Slowly but surely the Federal Reserve and the U.S. Treasury Department are getting what they want, a weaker U.S. Dollar (AMEX:UUP).  If you were to watch the trade-weighted USDX you might not see it as it is being managed on practically a tick for tick basis these days.  Headlines are timed to ensure that the […]

Forex Outlook for the Week Ending October 12th, 2012 - October 9, 2012 23:49

Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under: On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor […]

Euro Ends Week over $1.30 in a Show of Strength - October 6, 2012 2:29

I know there are a lot of you out there that truly believe the drama surrounding the Euro is real; that somehow after 60 years of working diligently to bring about fiscal and political unification of Europe through the chains of social democracy it would somehow at the final moment slip through the fingers of […]