Japan’s Nikkei 225 index has started the day off down around 1% this morning while the Australian All Ords is holding its head above water for the moment. In Japan we have airlines and pharmaceutical shares dragging the market lower … Continue reading
I know there has been a lot written in the media making the recipients of AIG bonuses out to be the worst people on the face of the earth, but here are two articles, one of which is a resignation … Continue reading
Not a lot going on out there in Asian morning trading as you can see from the attached chart of the majors. Overall today i would expect to see the JPY a little weaker against most currencies this morning with … Continue reading
During the past week or so the EUR/USD has been a very well behaved currency pair and a delight to trade. After taking out the 1.3380/00 region (highs set back in Jan) we have not looked back. And, surprise surprise, where did the … Continue reading
Gordon Brown in a live interview with the WSJ opines that in the short-term deflation is a greater threat than inflation. He hopes the G20 summit next month will work at expanding world trade and setting international financial standards. Brown says … Continue reading
Saudi Arabia still feels the USD is the appropriate currency peg at this time and is confident in US handling of the current crisis. Muhammed-al-Jasser, Governor of the Saudi Central Bank says “We have confidence that the US is throwing … Continue reading
As the attached daily AUD/JPY chart shows, the base of the upward sloping channel comes in just above the 65.00 level and while we remain below the 68.20/30 region i think that is the direction we remain headed in. I … Continue reading
The Nikkei has bounced back after lunch almost recovering yesterday’s 8,489 close. A pretty good result considering their shocking export numbers announced earlier. The USD/JPY has been trading sideways in a 97.70/00 range for the past couple of hours.
While the EUR/JPY remains capped at the 135.00 level we could see a pullback to the base of the upward sloping channel which comes in around 128.00/20. The 131.00 level is pretty important at present and it would take a … Continue reading
Shares in Hong Kong have followed the NY lead overnight and are currently down just under 1% in morning trading with some profit taking seen after the good recent bounce off the lows.