LONDON, Dec 12- The euro hovered near a two-year high against the dollar and a five-year peak versus the yen on Thursday, helped by higher short term market rates and year-end repatriation by European banks shoring up balance sheets.» Read More
Inflation hints from Europe spell good news for the euro, but not so much for the dollar or the yen. Time for your daily FX Fix.
Stocks close out the best first quarter of this century so far Thursday, despite a long list of worries that doesn't seem to be able to hold the market down.
On March 18th, I put out a recommendation for a US dollar against Japanese yen trade and the reasons for it. Now that the yen has weakened, here's your next move.
The dollar is stronger - really - and Iceland is planning a slow thaw. Your daily FX Fix, right here.
Perhaps we were wrong to cite the CBOE's VIX contract as a good indicator of market volatility? Recent events, including on-going military action in Libya and the Portugal sovereign debt crisis, would have suggested that the market should sell off on greater uncertainty, and yet the VIX fell from 29 last week to 17 today. Are investors becoming more sanguine about these issues?
"It all comes down to Friday and the non-farm payrolls," said one market-watcher. "What if it comes in at 120,000, or 130,000, and unemployment goes back up to 9 percent? There's going to be a tremendous amount of resistance on the part of the FOMC to give it up."
Fed officials have been singing different tunes about monetary policy recently, but one voice has risen above the rest to boost the dollar and pressure Treasury bonds.
It's looking like an especially dynamic year for the currency market, so you might want to check out a new generation of low-cost, online foreign exchange trading platforms.
Emerging-market currencies are sliding with commodity prices, but hawkish central bankers are propping up the euro and the dollar. Get your daily FX Fix right here.
What do you do when the ugly get uglier and you are looking for a profit in the currency markets?
The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.
CNBC's Steve Liesman and David Dietze, Point View Financial Services take a look at JPMorgan's report on the ripple effects of Japan's disaster and where to put money in recovery.
NBC's Lee Cowan has the story on nuclear fears in Japan.
It's a rough day for the British pound, but the sun is shining down under — it's time for your FX Fix.
Insight on JPMorgan's report on the impact the earthquake will have on Japan, with Bruce Kasman, JP Morgan chief U.S. economist and CNBC's Steve Liesman.
CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to Monday's Closing Bell.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
The yen may regain its status as a carry trade of choice now that the G7 has intervened to halt its rise. Is another rush into global assets coming?
Troubles in Portugal and Spain aren't keeping the euro down, but anemic retail sales are doing a number on the British pound — it's time for your FX Fix.
Despite record inflows into the Japanese ETF, options traders are less than optimistic about a Japanese recovery.