by forexhound
on 03. Sep, 2010
in Market Insights
December Treasury Bonds broke on Friday as investors shed safer assets in favor of higher-yielding risky assets. The main trend remained up on the daily chart while the market completed a 50% retracement of the 124’22 to 135’19 range. The first target was 130’17. The market tested 130’12.
by forexhound
on 03. Sep, 2010
in Market Insights
The USD JPY traded sharply higher Friday morning, but the strong gains faded after a report showed the U.S. Services Sector slowed during August. The rise in demand for stocks appeared to be reviving the carry trade earlier in the session. This is a situation where investors borrow the lower...
by forexhound
on 03. Sep, 2010
in Market Insights
Let’s take a look at today’s U.S. Non-Farm Payrolls Report. The big picture still suggests we are in a jobless recovery. The focus of today’s report will be on the private sector. An anemic jobs number is likely to cause companies to continue to conserve cash and refrain from hiring.
by forexhound
on 03. Sep, 2010
in Market Insights
This morning’s better than expected U.S. Non-Farm Payrolls data has put risk back on the table. Although this report showed that the economy was still shedding jobs, private sector hiring was above the consensus, driving investors into equities and out of gold and Treasuries.
by forexhound
on 02. Sep, 2010
in Market Insights
A late session short-covering rally triggered by day-trader liquidation late in the trading session helped equity markets finish higher on Thursday. The inability to break stocks throughout the day most likely encouraged frustrated bears to cover their positions ahead of tomorrow’s important U.S....
by forexhound
on 02. Sep, 2010
in Market Insights
Concerns over a slowdown in U.K. manufacturing growth and mortgage market worries helped pressure the British Pound. Sterling investors seem to be pre-occupied lately over the new austerity measures and tax hikes. Many still feel the economy will slump because of these two programs.
by forexhound
on 02. Sep, 2010
in Market Insights
TORONTO, Sept 2 (Reuters) - Laurentian Bank of Canada (LB.TO) said on Thursday its third-quarter profit rose 4.9 percent, as higher interest margins and lending growth made up for a rise in losses on bad loans.
by forexhound
on 02. Sep, 2010
in Market Insights
Canada’s five biggest banks earned a combined $4.8 billion in third-quarter profit — nine per cent more than last year — as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations.
by forexhound
on 02. Sep, 2010
in Market Insights
Canada’s currency depreciated versus the greenback after the biggest one-day rally in three months on concern U.S. job losses will stall the global economic recovery.
“Risk sentiment has not repeated yesterday’s orgy of risk appetite,” David Watt, senior currency strategist in Toronto at Royal Ba...
by forexhound
on 02. Sep, 2010
in Market Insights
(Reuters) - Japanese Prime Minister Naoto Kan said on Thursday recent moves in the yen are driven by the dollar's weakness.