Daily Forex Report – USD lower, GDP revised higher, existing homes sale drop

Here are the latest Financial News: USD: Lower, pressured by a recovery in global equity markets, Q4 GDP revised up, existing home sales drop JPY: Higher, factory output expands and retail sales jump, Yuan revaluation speculation EUR: Higher, inflation falls, gains in cross to GBP, short covering GBP:... Read the article »

Daily Forex Report – USD higher, jobs claims rise, durable goods strong

Here are the latest Financial News: USD: Higher, concern about Greek debt troubles and weaker US jobs data fuels risk aversion JPY: Higher, supported by safe haven demand and gains in cross trade EUR: Lower, S & P may downgrade the Greek debt rating, Greek rescue may be at risk GBP: Lower, UK Q4... Read the article »

Special FX Report – UK and US Q4 GDP will be released Friday

Here are the latest Financial News: UK GDP Recent UK economic data has been mixed with the jobs claimant count posting an unexpected rise last month and mortgage lending declined to its lowest level since last July. These reports generate uncertainty about the strength of the UK recovery and have prompted... Read the article »

Daily Forex Report – USD higher, consumer confidence tanks

Here are the latest Financial News: USD: Higher, house prices fall less than expected, consumer confidence falls sharply, stocks decline JPY: Higher, supported by spike in risk aversion and gains in cross trade EUR: Lower, IFO unexpectedly declines, German growth may have contracted in Q1, Greek bank... Read the article »

Daily Forex Report – USD higher, recovery hope versus rate outlook

Here are the latest Financial News: USD: Higher, Greek debt troubles, optimism about US economy, NABE upgrades US GDP forecast JPY: Higher, S&P says there is a low chance of Japan being downgraded this year EUR: Lower, German finance Minister denies that the EU plans a 25bln aid plan for Greece CHF:... Read the article »

Special FX Report – When is a rate hike not a rate hike?

Here are the latest Financial News: The Fed surprised the markets Thursday and hiked the discount rate 25bps to 0.75%. Stocks and commodities declined and the USD rallied to a nine month high in reaction to the Fed’s discount rate hike. Stocks and commodities rebounded from earlier losses and the... Read the article »

US Morning Notes – USD mixed, discount rate hike not a policy change

Here are the latest Financial News: FX Highlights The USD traded at a nine month high supported by the Fed’s surprise decision to hike the discount rate late Thursday afternoon, Fed officials said the rate hike is not an indication of policy direction but a move towards normalization, the rate... Read the article »

Choice Trade Online Brokerage Firm

For those who want to trade Options or Equities I recommend you ChoiceTrade, a Broker headquartered in New Jersey, ChoiceTrade is an online brokerage firm that offers stock and options trading using state-of-the-art trading tools and deeply discounted commissions. ChoiceTrade offers 3 trading platforms:... Read the article »

US Morning Notes – USD higher, Italian debt troubles, IMF gold sales

Here are the latest Financial News: FX Highlights The USD is trading higher in reaction to Wednesday’s FOMC minutes which state that the Fed discussed a possible discount rate hike in January and in reaction to concern about bad loans in Italy, GBP pressured by report of worse than expected UK... Read the article »

EU Morning Report – EURUSD rallies as a lack of further developments in Greece causes a round …

Here are the latest Financial News: EURUSD rallies as a lack of further developments in Greece causes a round of short covering! Yesterday’s trading saw some exciting rallies across the major asset classes, majors in FX, commodities and Equities. Risk appetite was elevated as NY Fed Empire State... Read the article »