After that aggressive move higher around the Tokyo fix that saw USD/JPY take out any barrier options that may have been protected at 100.00 before reaching a high of 100.18, we have backed off our highs in the USD/JPY and the … Continue reading
This piece in the NY Times where GM stated in a regulatory filing that it is prepared to file for bankruptcy protection if it cant restructure out of court could have something to do with the recent pullback from the … Continue reading
Time to target the evil bankers again, and this time the stick bearing mob are none other than the G20. They do not seem to be taking any blame themselves for the mess which is a bit of shame, but then … Continue reading
Here is a piece i found concerning the recently approved tax exemption for dividends paid by overseas units of Japanese firms. Some analysts are seeing this as a positive sign for major firms and the JPY.
After the move to their highs for the day, the AUD/JPY and EUR/JPY have drifted a little lower while the USD has also clawed back a tiny piece of ground against the Cable, AUD and EUR. I think we may … Continue reading
As far as the Cable goes, we seem to have built a pretty good base above the 1.4275 level now which i consider a pivotal level as a move below here opens the way for retests of sub 1.4000 levels. From … Continue reading
The ANZ commodity price numbers in NZ were just released, showing an increase of 1% Vs -4.6% in Feb, and as the headline says, this is the first rise since Jul 08. The Kiwi is currently trading just off its … Continue reading
With the overnight equity market moves being followed by the Asian equity indices this morning it is no real surprise that we are seeing the JPY and USD weakening in somewhat muted trading as we all wait with baited breath … Continue reading
I hope i dont upset too many people with what i am about to write and i am sure that at least one or two of you will agree with what i have to say. Now i have no problem … Continue reading
In early afternoon trading the Hang Seng has given up its promising early morning gains and is currently down 28pts or 0.20%.