11 April, 2016 by The TZ Newswire Staff Comments Off on Morgan Stanley says the yen has further upside, here’s why
Morgan Stanley says the yen has further upside, here’s why
Hot off the presses,
via eFX
Friday’s reluctance for JPY to weaken (indicating de-risking ahead of the weekend) suggests that ‘the Street’ has not traded JPY long in significant amounts last week. Note that CFTC data showed the most net long positions building in the first four weeks of the year.
11 April, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China’s premier says economy showing positive signs
The Wall Street Journal: China’s premier says economy showing positive signs
China’s economy has shown positive signs in the first few months of the year, but it still faces strong headwind and supply-side structural reform is needed to help stabilize growth, said China’s Premier Li Keqiang on Monday.
read more
11 April, 2016 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: OZ business conditions to strongest in 8 years
ForexLive Asia FX news wrap: OZ business conditions to strongest in 8 years
Forex news for Asia trading Tuesday 12 April 2016
The (equal) strongest reading for NAB Australian business conditions data today puts further RBA rate cuts in doubt and provided an immediate boost to the Australian dollar, though it topped out around the overnight high for the session here. NZD/USD went along for the ride, with house price data released there today also providing a note of doubt for further central bank easing. AUD/USD continues to threaten higher.
11 April, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: U.S. Navy officer suspected of spying
The Wall Street Journal: U.S. Navy officer suspected of spying
Military authorities are weighing charges of espionage against a U.S. Navy officer born in Taiwan on suspicions that he passed secrets to foreign governments, according to U.S.
11 April, 2016 by The TZ Newswire Staff Comments Off on Gold – technical analysis (Elliot Wave)
Gold – technical analysis (Elliot Wave)
Gold levels, targets, support and resistance vai Reuters technical analysis
Commentary from the piece:
11 April, 2016 by The TZ Newswire Staff Comments Off on Led Zeppelin to face trial over ‘Stairway to Heaven’
Led Zeppelin to face trial over ‘Stairway to Heaven’
Led Zeppelin’s Robert Plant and Jimmy Page must face a U.S. jury trial over whether they stole opening chords for their classic “Stairway to Heaven.”
11 April, 2016 by The TZ Newswire Staff Comments Off on China’s Stealth Devaluation Continues Despite Lew Blasting "Unacceptable" FX Practices
China’s Stealth Devaluation Continues Despite Lew Blasting "Unacceptable" FX Practices
“Intervention in foreign exchange markets in order to gain a competitive advantage is unacceptable,” proclaims US Treasury Secretary Jack Lew in a strongly worded statement today with regard America’s position in the global economy. That we note this comment is only relevant as, despite the apparent “stability” of the Chinese Yuan against the USD, relative to the 13-currency-basket with which China primarily trades, the Yuan has collapsed to 17-month lows – with JPY and EUR appearing to bear the brunt of the pain.