When the yen performs stronger against the euro, global stock markets are likely to decline, Roelof van den Akker from ING Wholesale Banking told CNBC Tuesday. “There’s a high correlation between the euro/yen and the equity markets,” he said. Watch Video MEDIA: VIDEO Permalink
The Japanese Yen added a full percentage point in overnight trading, boosted by safety demand as Asian stock exchanges followed Wall St sharply lower on continued fallout from the World Bank?s discouraging global economic growth forecast.
Posted By: Reuters Oil rose towards $68 a barrel on Tuesday, reversing earlier losses, supported by a weaker dollar and ahead of inventory data expected to show a fall in crude supplies. Read More Topics: U.S. Dollar | Currencies | OPEC | Energy | Commodities Sectors: Oil and Gas Companies: ROYAL DUTCH SHELL PLC MEDIA: PHOTO Permalink
US Dollar strength looks to be gaining momentum of major forex currencies as the greenback again becomes attractive as a safety play amid reversing stock and commodity markets.
The Fed is not expected to move on interest rates this week, says Callum Henderson, head of FX strategy at Standard Chartered Bank. He tells CNBC’s Karen Tso what to watch out for at the FOMC meeting. Watch Video MEDIA: VIDEO Permalink
EURJPY Forecast The EURJPY had a bearish momentum yesterday. The pair bottomed at 132.48 and closed at 132.91
Posted By: Reuters The U.S. dollar fell broadly Tuesday as stabilizing equity markets in Europe and the United States eroded safe-haven flows into the greenback. Read More Topics: Treasurys | Economy (Global) | Economy (U.S.) | Stock Market | euro | U.S. Dollar | Yen | Currencies MEDIA: PHOTO Permalink
Just a few points after going through my scans. I’ll try to get a video up later in the week but right now, there isn’t much point for several reasons. #1) There was major technical damage done to many individual stocks today and I don’t know if it’s damage that can be recovered from anytime soon.
The U.S. dollar could appreciate another 2% to 3% against the major currencies in the next couple of weeks, foresees John Kyriakopoulos, head of currency strategy at NAB
Posted By: Patti Domm Wall Street is getting some of the pull back it’s been looking for, and the question now is how deep will it bite into the market’s recent gains. Read More Topics: Banking | Congress | Currencies | Stock Market | Investment Strategy Sectors: Banks | Oil and Gas Companies: Toyota Motor Corporation MEDIA: PHOTO Permalink
on Your First Move For Tuesday January 27th
