Tag Archives: yen
Quiet Monday Has Yen Testing Support
Now that the Bank of Japan has settled on its new QE plan, extension of the old one to the tune of ¥10 trillion more purchases of various types of… Read more
German High Court Upholds ESM, Euro Rises
In a decision that should have come as no surprise to anyone that understands what the role of the courts in a democracy truly is, the German high court upheld… Read more
US Dollar Breaks Down on Eve of Fed Meeting
Tomorrow, September 12th may be Armageddon day for the U.S. Dollar (AMEX:UUP) as there are two events that will hit the market in what might be the financial equivalent of… Read more
US Treasuries Continue to Fall, Equities Hold
If one takes a quick peak at the charts one will see that July 23rd marked a turning point in the bond and currency markets. The Euro hit its low… Read more
Commodities Off Hard in Risk Off Trade
Even when there’s an honest-to-gods bearish day the S&P 500 (AMEX:SPY) always seems to be down just a tiny bit while commodities get whacked with the proverbial ugly stick. Of… Read more
Greece is Saved, Unfortunately Spain Still Exists
Well, actually Greece isn’t saved any more than European politician would be at a Pentecostal revival, but you get my point. The markets acted last night like everything was okay. … Read more
China Lowers Rates, Fear Trade Retreats
The PBoC lowered their benchmark lending rate by 25 basis points to 6.31% on Thursday. This was the first such rate cut in nearly four years. In addition the deposit… Read more
Yuan to Trade Openly vs. Loonie and Aussie
In another move designed to open up its currency the China Foreign Exchange Trade System (CFETS) confirmed a Reuters report on Thursday that they would be introducing the Yuan to… Read more
