The dollar rose against the euro and yen on Monday as President-elect Barack Obama is seeking a largerthan- expected 300 billion in tax cuts and US construction spending dropped less than expected. The yen fell after breaking important technical lev forex news :: view details »

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Here we are dear reader back again at full speed, we have rested during the holidays season and markets opted to start the year fresh and with optimism towards the steps announced and more to come from governments to counter their recession and offs forex news :: view details »

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The dollar gained substantially against most of the majors recovering most of this week's losses. The EurUsd sunk over 360 pips to the high range of 1.38, while the UsdJpy was mostly flat up only 7pips to mid 89 price area. The GbpUsd dropped an add forex news :: view details »

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We are nearing the end of this hectic year as the joys of the holiday season are upon us, though it is not as much as a merry and joyful from many people around the world, yet we are hoping for some sing of serenity and hope with new resolutions... forex news :: view details »

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The EURUSD correction continued apace on Friday after EUR had clearly overreached itself on a broad basis. The correction lower in EURUSD cut almost 900 pips from the high on last Wednesday - the most remarkable move since, well, since a few days pr forex news :: view details »

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In volume terms, exports plunged by an astonishing 14.5% m/m in November. This is the largest monthly drop in exports ever recorded since Japan started compiling this data in 1975. Import volumes fared better in November and only declined 2.3% m/m. forex news :: view details »

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Overall, except for the pound, the majors advanced against the dollar during the overnight session. The market still moved a little slow in the European session, as was the case in the Asian session, due, in part, to today's light calendar. forex news :: view details »

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The U.S. ISM Manufacturing index for December started the data calendar for the New Year with more of a whimper than a bang. The measure declined to just 32.4, far less than the prior monthÂ’s 36.2, and less than the market expectation for a 35.4 rea forex news :: view details »

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Warnings have begun that U.S. long-term interest rates will turn higher by the second half of 2009, possibly significantly, under the weight of massive government deficit spending. This of course did not happen in Japan, so a brief review of that ec forex news :: view details »

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Existing home sales declined 8.6% in November to a 4.49 million annual pace, the national Association of Realtors (NAR) said today. For the year, sales dropped 10.6% after averaging 5.67 million in 2007. The median price dropped 13.2% to $181,300 fr forex news :: view details »

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Sometimes we are a bit absurd in this morning missive in an attempt to make a point. Looking back at a recent issue, from the 2nd of December, titled "Can you say 1% Treasury Bond Yield?" we noticed the 30-year bond futures price has risen a bit sin forex news :: view details »

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Swiss retail sales are up from one year earlier in October. The release number of 2.9% is higher than market expectations of 1.9%. Over the last few months, retail sales had risen strongly and it seems this trend will continue, despite the fatigue s forex news :: view details »

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