Dovish RBNZ Hikes Rates

Thursday, July 29th, 2010

The Yen extended its strength through the Asian session this morning and was higher against most of the majors on a combination of weaker macroeconomic data and selloffs in the equity sector. Starting with the release of the durable goods orders (-1.0% act v 1.0% exp/-0.8% prev) and continuing through

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Dovish RBNZ Hikes Rates

Daily Report: Dollar and Yen Soft but Momentum Shows Hesitation

Tuesday, July 27th, 2010

Dollar and yen remain generally soft today but selling momentum is weak so far. Overnight’s optimism in US stocks triggered by housing data and FedEx’s earning forecasts was not carried through to Asian session.

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Daily Report: Dollar and Yen Soft but Momentum Shows Hesitation

Asia Propped Up Following Strong US Closing

Tuesday, July 27th, 2010

Risk sentiment was kept propped up during the Asian session this morning, this of course following a strong close to the US equity markets last night. The Dow closed higher, posting a gain of a little more than 100 pts (+0.97%) whilst the S&P was up 1.12% on the session.

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Asia Propped Up Following Strong US Closing