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Dollar rebounds versus yen after strong US retail sales

The dollar rebounded against the yen after good US jobs related data and retail sales numbers on Thursday. A report released by the US Department of Labor showed initial jobless claims applications in the week ending June 8 fell by 12,000 to a seasonally adjusted 334,000, compared to expectations for a decline of 1,000 to 345,000. Other data showed that retail sales rose by a seasonally...

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June 13, 2013 @ 7:30 pm

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GOLD – Technical Analysis

Gold prices remain near two-year lows, and are forming a symmetrical triangle on the weekly chart. Gold plummeted to a low of $1,321 on April 16, from which the lower line of the triangle begins. This is the lowest level since the beginning of 2011. After a slight rebound in early June, gold is heading lower again, trading below resistance at the 55-day moving average at $1,380. It is expected...

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June 12, 2013 @ 1:07 pm

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Yen advances against the dollar after BOJ holds policy unchanged

The yen is strong on Tuesday due to safe haven demand after the Bank of Japan disappointed market expectations for bolder measures to ease market volatility following its latest policy meeting. Investors were hoping that the central bank would implement more measures to ease volatility in the government bond market. If the BOJ does not take action to stem the rise in JGB yields, this leads to...

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June 11, 2013 @ 1:41 pm

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Dollar broadly stronger after US jobs data

The US dollar is stronger on Monday especially against the Japanese yen and against the Swiss Franc. Friday’s stronger than expected US jobs data helped buoy the greenback. Nonfarm payrolls grew to 175,000 jobs in May, up from a previous downwardly revised 149,000. Forecasts were for 167,000 jobs to be created. During European late morning trade, the dollar rallied against the yen, with...

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June 10, 2013 @ 11:51 am

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