BoJ Leaves Monetary Policies Unchanged; USD/JPY Drops
The Bank of Japan met during the 5/22 Asian session to discuss monetary policy. The market has been pricing in more stimulus even though Shirakawa had spoke again st it. The BoJ added 10 tillion yen to its asset purchase program last month to mak
Facebook Underwriter Morgan Stanley: Jack of all Trades?
Facebook’s recent IPO launch is still taking center stage on Wall Street, as new data comes out which suggests that a series of unfortunate events conspired to make the launch far less than successful than markets had anticipated. Whether those e
Pound Drops After BoE Releases Minutes of Policy Meeting
The Great Britain pound dropped today, reaching the lowest level in a month against the US dollar and the lowest in two months versus the Japanese yen, after the minutes of the central bank’s monetary policy meeting were released.
Best Buy Earnings Report Helps Keep S&P 500 Supported; Resis
Equity futures in the US are pushing higher, following gains made in both Europe and Asia. The gains were seen after comments out of the Eurozone and China which showed that both regions are looking for ways to stimulate economic growth and posit
Yen Edges Higher as BOJ Takes Wait-and-See Stance on Easing
The Bank of Japan announced earlier today that it would make no changes to its existing monetary policy, keeping the benchmark interest rate at 0.1% and maintaining the asset purchase program at ¥40 trillion ($504 billion). While that had been ge
Greek Contagion Threat Boosts Pound
The pound has gained a cent against the euro, not to mention more than two cents against the Australian and New Zealand dollars, as concerns about the...
EUR/USD Forecast May 23, 2012, Technical Analysis
The EUR/USD pair fell hard during the Tuesday session as fears of a breakup in the region continue. Adding to this pressure was the comments from former Prime Minister of Greece Mr. Papademos, who stated that the risk of Greece leaving the Europe
EUR/CHF Forecast May 23, 2012, Technical Analysis
The EUR/CHF pair continues to sit still, barely moving during the Tuesday session. The pair is a manipulated market, as the Swiss National Bank has a “minimum acceptable exchange rate” of 1.20 to the Euro. The pair is therefore impossible to shor
AUD/USD Forecast May 23, 2012, Technical Analysis
The AUD/USD pair fell on Tuesday as the fears over Europe continue. The former Prime Minister of Greece, Mr. Papademos suggested that the exit risk of Greece out of the European Union was a real threat, and risk related assets fell as a result. T
Silver Forecast May 23, 2012, Technical Analysis
The silver markets fell again on Tuesday as the grind lower continues. The silver markets look absolutely broken at this point, and lower prices are almost assured at this point. The precious metals in general are getting hit hard lately due to t
Natural Gas Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendations:Natural Gas traded up again today, adding 0.077 to 2.766, after falling yesterday as traders took profits, the commodity continued to gain again today, when all USD denominated commodities were falling on the str
Gold Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendations:Gold floundered around most of the day hovering at the 1580 price and is trading for 1584.15 at this time down 4.55.
Spot prices were almost inactive and the session ended with little changed at $1598 an ounce


