The past week saw a continuation of the stream of disappointing data out of the US and elsewhere, but around mid-week markets decided it was no longer a reason to sell risk. New lows were made in USD/JPY and the JPY-crosses early in the week after eye-…
Economic readjustment continues to dominate any upside momentum the economy may have, and this is especially true for housing. Existing home sales dropped 27.2 percent in July, which was well below expectations. The monthly decline was the largest on r…
When the history books are written on the financial crisis and Great Recession you can be sure there will be entire volumes dedicated to the response of policymakers. The law of unintended consequences is not an official theorem in economics, but perha…
At the annual symposium at Jackson Hole, the Fed Chairman Ben Bernanke reiterated his view that the US economic should continue to expand in the second half of the year, albeit at a relatively modest pace. The Fed pledged to ‘do all that it’ can to ens…
The pair is slightly biased to the upside following its move back above the 1.5470 level on Thursday. While it holds above that level, threats of a retarget of the 1.5701 level, its Aug 16′10 high remains with a breach of there targeting the 1.5996 lev…
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