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July 25, 2014| FX Empire Analyst - Barry Norman

Currency Traders Busy On Steady Flow Of Data

Friday morning is light on data with nothing due in Australia or New Zealand. Japan released inflation numbers this morning.  The Japanese yen was little changed against the dollar on the news, staying around 101.75 after hitting a one-week high of 101.82. Japan raised its sales tax to 8 percent from 5 percent in April, in a bid to reduce its hefty debt pile, which is one of the highest among the world's industrialized countries. Adjusting for the sales tax effect...
July 11, 2014| FX Empire Analyst - Barry Norman

Portugal Banking Problems Soar Sending Traders For Safety

Wall Street regained some ground over the course of the session after showing a substantial move to the downside at the start of trading on Thursday. The initial sell-off on Wall Street was partly due to renewed concerns about the prospect of the Federal Reserve raising interest rate sooner than anticipated also weighed on the markets following the release of upbeat jobs data. Meanwhile European stocks ended the lower as Portugal's banking woes threatened to dent the European financial system...
June 30, 2014| FX Empire Analyst - Barry Norman

Forex Traders Wind Down The Month

Traders saw a good deal of data in the Asian session including Japanese Industrial Production which missed its target along with a drop in New Zealand business confidence. Asian markets are trading on a positive note today on the back of an improvement over last month for industrial production data from Japanese economy along with speculation that violence in Iraq will not curb the output of Organization of the Petroleum Exporting Countries. The US dollar continues to be a drag...
June 25, 2014| FX Empire Analyst - Barry Norman

Global Speculators Are Looking For Direction

Today in the Asian session most of the equity markets are down by an average of 0.5% following the negative close of the US equity markets. S&P 500 closed at a level of 1949.98 down by 0.64% from the previous day’s close. Most of the equity markets are seeing a minor correction after the gains they have been posting over the last few days. European shares closed mixed yesterday, struggling after the release of worse-than-expected data for Germany. U.S. stocks...
June 24, 2014| FX Empire Analyst - Barry Norman

Global Markets Just About Flat

Asian exchanges are trading on a mixed note this morning on the back of positive economic data from the US in yesterday’s trade supported an upside in the markets. While on the other hand, decline in energy and technology stocks and tensions in Iraq exerted downside pressure on the markets. European shares closed down on Monday, as euro zone data disappointed and turmoil in Iraq continued. U.S. stocks ended little changed on Monday, with the Dow Jones halting its longest...
June 16, 2014| FX Empire Analyst - Barry Norman | Comments (1)

Busy Week For Traders Ahead Of The FOMC

The US dollar continued to ease but remains well above its trading range for the month and the year after touching 80.80 the greenback is trading at 80.69 as traders are now focused on the upcoming Federal Reserve meeting scheduled for tomorrow. Currency speculators are also closely monitoring the outbreak of violence and the possibility of a civil war in Iraq. The dollar edged down against a basket of currencies in early trade on Monday, drawing mild support as geopolitical...
June 11, 2014| FX Empire Analyst - Barry Norman

The AUD & NZD Climb On Positive Sentiment & ECB Stimulus

The Great British Pound is trading at 1.6756 in the red as the US dollar gained in early trading. Britain’s strengthening recovery has probably pushed the economy back above its pre-crisis level, ending the longest period of below-peak output in a century. The National Institute of Economic and Social Research estimates gross domestic product rose 0.9 percent in the three months through May. That puts it about 0.2 percent above where it was in January 2008. Sterling hit an 18-month...
June 08, 2014| Cliff Wachtel

The ECB Stimulus Package: What Every Investor Must Know For Protection And Profit

A Summary of the key elements, lessons, ramifications of 2014’s biggest market event yet, how to profit plus our “name the coming ECB QE” contest (QEU? QEEU? QEGA? QEER) The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we share thoughts about key developments worth a special report, this one on the ECB’s new stimulus package, coming full QE, and related lessons, ramification, guidelines on how to protect yourself and profit.  Those seeking more...
June 08, 2014| Cliff Wachtel

ECB Stimulus Package: What Every Investor Must Know For Protection And Profit Full Report

Key details, lessons, ramifications about 2014’s biggest market event yet, plus out “name the coming ECB QE” contest (QECB? QEU? QEEZ? QEEU? QEGA?) The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we share thoughts about key developments worth a special report, this one on the ECB’s new stimulus package, coming full QE, and related lessons, ramification, guidelines on how to protect yourself and profit. It’s the full length version.  Those seeking a shorter...
June 03, 2014| FX Empire Analyst - Barry Norman

What Do You Think Mr. Draghi & The ECB Will Do On Thursday?

German CPI data printed lower than expected on Monday assuring markets that the ECB would be forced to add some variation of stimulus to help the eurozone avoid deflation and recession. Earlier in the day Eurozone and individual PMI’s missed expectations. Europe’s manufacturing PMIs were almost universally disappointing. The euro area reading came in at 52.2, down from the flash 52.5 estimate. Germany itself was revised to 52.3 from 52.9. Italy slipped to 53.2 from 54.0. The consensus was for...
May 30, 2014| FX Empire Analyst - Barry Norman

The US Dollar Ignores Lackluster GDP Numbers

The US dollar continued to trade on a strong note at 80.50 this morning after reaching a recent high near the 80.70 range as the US economy chugs along. Investors generally dismissed revised data that showed the U.S. economy contracted for the first time in three years in the first quarter, given that more recent data has suggested a recovery following a severe winter. The weakness was more than accounted for by a marked decline in inventory investment, especially by...
May 29, 2014| FX Empire Analyst - Barry Norman

The US Dollar King Of The Currency Markets

The U.S. market witnessed a choppy session on Wednesday and ended in negative territory ending their four-day winning streak. The modestly lower close came on the heels of the recent upward trend by the markets. Also, the benchmark 10-year Treasury yields plummeted to their lowest closing level since last summer on Wednesday. Traders seemed reluctant to make any significant moves for much of the session ahead of the major economic data like weekly jobless claims, pending home sales and revised...
May 26, 2014| FX Empire Analyst - Barry Norman

Currency Trading Expected To Be Light Due To Holidays In US & UK

Currency markets should remain quiet with the US closed for the Memorial Day holiday and the UK shuttered for the Summer Bank holiday With May rapidly coming to an end traders are beginning to look ahead to the ECB meeting the first week of June. The euro has declined steadily over the past week as economic data continues to miss expectations and the likelihood that the ECB will offer up some variation of monetary stimulus. The euro opened the week...
May 22, 2014| FX Empire Analyst - Barry Norman

Forex Traders Review The FOMC Minutes and Chinese HSBC PMI

This morning Asian markets are trading on a positive note on the back of favorable manufacturing data from Chinese economy coupled with US Federal Reserve minutes showed that central bank sees a muted risk on inflation and will continue with lower interest rates for considerable amount of time.  China’s HSBC Flash Manufacturing Purchasing Managers' Index (PMI) increased by 1.6 points to 49.7-mark in May from 48.1-level in April. US Dollar Index increased by 0.02 percent in yesterday’s trading session as...
May 21, 2014| FX Empire Analyst - Barry Norman

Bank of Japan Paints A Pretty Picture

Wall Street fell sharply on Tuesday after a Federal Reserve official said rate hikes might come sooner than expected and Staples and other retailers offered disappointing quarterly results. Asian equities declined on Wednesday ahead of a Bank of Japan monetary policy decision and as traders focus on political developments in Thailand. The pullback on the day partly offset the upward move seen over the two previous sessions. The early weakness on Wall Street partly reflected disappointing quarterly results from retailers...
May 16, 2014| FX Empire Analyst - Barry Norman

Currency All Dancing To Global and Regional Economic Data

Asian currencies are all trading on the upside as trader’s sentiment supports the commodity currencies along with strong growth and firm economic data. The New Zealand dollar climbed to trade at 0.8648. The New Zealand dollar rose after Finance Minister Bill English reported that bigger fiscal surpluses were coming in an economy seen to be growing faster than previously thought, and ahead of US data. New Zealand’s government anticipates the operating balance before gains and losses will be a surplus...
May 15, 2014| FX Empire Analyst - Barry Norman

To Ease Or Not To Ease That Is The Question Of The Day, Once Again.

It seems that Mario Draghi just can’t get it right. Just two months ago as the IMF and the OECD were urging him to offer stimulus to help improve the recovery in the eurozone, he did nothing except give us words and assurances that the low inflation was not worrisome. In fact he said it was expected as in previous economic recoveries. He did cover himself saying that the bank would be closely monitoring the situation. Of course that was...
May 13, 2014| FX Empire Analyst - Barry Norman

Global Recovery Rallies Equities and Currencies

Global equity markets surged yesterday, with the Dow hitting a record high as stocks climbed in a broad rally spurred by strong corporate results and an improving economic outlook. On Wall Street, eight of the 10 primary S&P 500 sectors were higher as gaining stocks topped declines by about 4 to 1 on both the New York Stock Exchange and the NASDAQ  There was very little on the economics calendar on Monday but trader’s sentiment seemed to make a U-turn...
April 25, 2014| FX Empire Analyst - Barry Norman

Friday’s Forex Facts

European shares closed higher on Thursday, despite fresh Ukraine concerns returning to the market. Stocks managed to recover earlier gains after a slew of earnings in the U.S. and Europe boosted investor sentiment. The Nasdaq advanced Thursday as Apple jumped a day after the iPad maker posted sound results, while the broader market held little changed amid concerns about escalating tension between Russia and Ukraine. Asian stocks struggled to rise on Friday, as the impact of upbeat US economic data...
April 20, 2014| Cliff Wachtel

Fools Russian: 1 Chart Shows How To Play Russia Tension-Related Selloffs

There are many reasons to be bearish on risk currencies, the EUR and other risk assets. Fear of a protracted economic sanctions war between Russian and the West isn’t one of them. Here’s why and what to do if markets sell off on related fears The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we cover the top real and imagined market movers worthy of a special report. Summary ---In the end sanctions are...
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