Articles Archive for March 2010
Better-than-expected regional business news along with small improvements in several national economic measures provided enough bright spots in a month with decidedly mixed economic news to help drive the Dow Jones Economic Sentiment Indicator (ESI) …
CHF is on a tear higher into the end of the month. Intraday, USD/CHF fell as far as 1.0520 from 1.0685 while EUR/CHF dropped to 1.4224 from 1.4322, so far. The levels are not …
Today’s tickers: TEVA, KO & UBS
TEVA – Teva Pharmaceutical Industries Ltd. – Bearish options trading patterns on the Israel-based manufacturer of branded and generic drugs suggests at least one investor is expecting Teva’s …
Based on data going back 90 years, whenever the 12-month rate of change (ROC) in the Dow Jones Industrials Average has exceeded 40 percent, it has generally signaled trouble ahead.
In three cases, a 12-month ROC …
Last week we heard carbon-copy statements from the Reserve Bank of Australia’s two leading officials who tried to steer the conversation about monetary policy towards a “normal” interest rate setting. As investors listened and as …
The ADP employment report for March reflected a loss of -23K jobs from a revised -24K in February, on consensus expectations of +40K. Downward historical revisions contributed to the report’s negative surprise, with February revised …
In a survey of readers on March 22, 2010, InternationalLiving.com found that nearly 96% of respondents said they are more likely to move out of the United States than they were last year.
More than 500,000 …
We expect Mar auto sales to sell at an annualized pace of 12.0m, a substantial bounce from Feb’s 10.4m which saw the 2nd straight decline from Dec’s 11.1m.
Both Jan and Feb data were depressed by …
American Airlines and JetBlue Airways today announced an agreement for commercial collaboration that will offer JetBlue customers simple connections to American’s international flights from New York’s John F. Kennedy International Airport (JFK) and Boston’s Logan …
- New low fare competition set to begin in November – – Initial schedule of eight daily flights planned – – JetBlue’s third airport in the Baltimore-Washington metro area –
JetBlue Airways today is proud …
Hawaiian Airlines today announced a tentative agreement has been reached with the International Association of Machinists and Aerospace Workers, District 142 on a four-year contract offering increased compensation for members and operational improvements for the …
CAD is working hard to retain the gains so far this week. Flows related to month and quarter end are biased to the CAD buyside and the demand is broad based. CAD is proving …
Following sharp acceleration in Feb to 10.13% y/y from 8.2% y/y in Jan, we should see modest dip to 9.8% y/y in Mar as inflationary pressures ease modestly resulting in the m/m rate at 0.8%, …
This week has so far provided little comfort for EUR bulls.
Headlines
China: China: Caijing magazine cites an unidentified Chinese government source as …
EURUSD
Trading strategy: standing aside
Downside is under renewed pressure and euro sits at 1.3405, 130 points down from yesterday’s top at 1.3537. The 50% retracement of the last up leg from 1.3265 to 1.3535 provides support …
Retail sales in February are seen -0.5%m/m / +4.8%y/y, correcting lower after a strong January number. Retailers reported a mixed December but a better January as shoppers were a little more price savvy than usual …
The USD’s closed on a stronger note today, despite modest gains in the Dow going into the close. North American data was highlighted by US consumer confidence (52.5 on expectations of 51.0), which fed into …
Today’s tickers: V, RDC, VALE, EEM, STX, XRT, FXI, VZ, IPI & MMM
V – Visa, Inc. – Call options on credit card company, Visa, Inc., are in high demand today by investors who …
In the broadcast today: EUR, USD, GBP and JPY- Where is the Edge? In preparation for the Q2 2010, we examine the EUR, USD, GBP and JPY in search for clear fundamental and technical advantages …
30 Mar NZD/USD Daily
1:15 EDT – Kiwi finished above .7080 yesterday, but the congestion left after its 16-18 Mar false break is proving difficult. This zone (.7100/80) combines with the Jan-present TL …
Today’s tickers: EEM, STX, XRT, FXI, VZ, IPI & MMM
EEM – iShares MSCI Emerging Markets Index ETF – Shares of the emerging markets exchange-traded fund, which tracks the price and yield performance of the …
The Conference Board’s index of US consumer confidence improved to 52.5 in March from a revised 46.4 in February, on consensus expectations of 51.0. Nominal historical revisions contributed to the report’s positive tone, with February …
We expect a modest 0.4% increase in Feb pending home sales. This would follow a steep 7.6% decline in Jan, which was the 2nd sharp loss in 3 months, after a 13.7% Nov plunge that …
Rising consumer confidence and a surprise increase in the price of homes bolstered the view that the U.S. economic recovery remains intact, while sending bond prices lower at the same time. Rising yields is becoming …
