The yen slid to a seven-month low versus the euro after data showed Japan’s consumer prices stagnated last month, fanning speculation the central bank will increase stimulus to spur inflation.
Shinzo Abe, leader of Japan’s opposition Liberal Democratic Party, today called for all needed measures to boost inflation to 2 percent. The dollar was near a one-month low against the euro as...
Forex Analysis: EUR/GBP Classic Technical Report 11.30.2012
Prices are testing resistance at 0.8103, the 14.6%Fibonacci retracement, a barrier reinforced by the underside of a previously broken rising trend line set from late July (0.8120). A break above the latter level exposes the October 22 high at 0.8164. Near-term support is at 0.8066, the 23.6% retracement. A drop below that aims for the 38.2% retracement at 0.8006.
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FOREX-Euro up slightly; gains tenuous as U.S. fiscal deal hangs
* Boehner says no progress on budget talks in last 2 weeks
* Italian yields fall, euro zone sentiment improves
* Dollar's gains vs yen may slow
* U.S. data boosted risk appetite
By Gertrude Chavez-Dreyfuss
NEW YORK, Nov 29 (Reuters) - The euro slipped from one-month
highs against the dollar to trade just slightly higher on
Thursday after comments by top Republican lawmaker...
EU executive wants 2-speed integration
BRUSSELS (AP) -- The European Union's executive said Wednesday it wants to allow the 17 member states that use the euro currency to move faster toward economic integration than the broader 27-nation EU.
EU Commission President Jose Manuel Barroso claimed that more integration and centralization of decision-making in Brussels, at the expense of national capitals' sovereign power, is necessary to...
Yen Rises on Greece, U.S. Uncertainty; Aussie Advances
The yen rose against the euro for a third day, as investors sought the currency as a haven amid concern Greece will struggle to win bailout funds and before the U.S. presidential election today.
The Japanese currency strengthened against all but one of its 16 major peers ahead of data that may add to signs the sovereign-debt crisis is hurting Europe’s economic growth. The Australian...
Treasuries Advance, Euro Slips as U.S. Stocks Fluctaute.
Treasuries rose and the euro traded at an almost two-month low as Americans prepared to vote for president and concern increased that Greece will struggle to win a bailout. German two-year note yields declined below zero.
Treasury 10-year notes advanced for a second day, with the yield dropping three basis points to 1.68 percent as of 10:49 a.m. in New York. The euro slid to $1.2782, the lowest since Sept. 11. The Standard...
Using Options to Trade Double Tops
Potential double top formations can provide profit opportunities for option traders and MoneyShow’s Tom Aspray explains how two key technical tools can be used to take advantage of this Important pattern.
Double tops and double bottoms can often alert the investor to major turning points especially when they are observed in the weekly charts of a major market average or a key commodity like crude oil.
Last November I discussed...
Commodities Decline Before U.S. Jobs Data; Euro Weakens
Commodities snapped two days of gains before a report forecast to show the U.S. isn’t adding jobs fast enough to cut the unemployment rate. The euro weakened, while stocks and equity-index futures were little changed.
The Standard & Poor’s GSCI gauge of 24 raw materials slid 0.4 percent at 7:45 a.m. in New York, with copper falling 0.7 percent and oil dropping 0.8 percent. The Stoxx Europe 600 Index rose 0.1 percent and S&P...
