Michael Fisher | Trading Pedia

US dollar with a sudden drop versus Japanese yen, while euro continued expansion

May 23, 2013 1:14 pm

US dollar decreased significantly versus the yen on Thursday, as China reported weak economic data and indications appeared that FED might reduce scale of easing, which provoked safe heaven search among investors. During late European session, USD/JPY pair dropped to 101.47. In testimony to the U.S. Joint Economic Committee yesterday, Fed Chairman Bernanke said a […] Read more

Thursday stocks to keep an eye on

May 23, 2013 12:20 pm

4 companies to watch Hewlett-Packard Co. share price is supposed to be fluctuating on the market today. The company reported a sharp drop in second quarter earnings but still beat analyst expectations. Sears Holdings Corp. is reported to record a loss of $0.60 per share in the first quarter according to consensus survey by FactSet. […] Read more

USD/CHF lowered ahead of crucial US data

May 23, 2013 10:23 am

US dollar shorted positions against the Swiss franc during Thursday trade session, as focus was moving to crucial economic data from US, expected later today. USD/CHF pair fell to 0.9634 during European trade session, lowest value since May 16th, then jumped off to 0.9648. The cross was expected to receive support at 0.9578, May 16th […] Read more

Is Japan’s monetary policy a ”big experiment”?

May 23, 2013 10:02 am

Ben Broadbent, a member of the Bank of Englands Monetary Policy Committee, stated that Japans monetary policy was a big experiment, which could lead to market volatility. “Japan, of course, is in the midst of what amounts to a big monetary experiment, so I think we should see the volatility in equity markets and indeed […] Read more

British pound on session high versus US dollar

May 23, 2013 8:55 am

GBP/USD pair reached session high versus US dollar during Thursday trade, after official GDP data from United Kingdom. The cross hit 1.5076 during European trade session, highest for today, after which consolidated at levels around 1.5070. Support was expected at 1.5012, lowest value for current session, while the pair was to meet resistance at 1.5100. […] Read more

US dollar sunk against Japanese yen

May 23, 2013 8:24 am

USD/JPY pair decreased in value during Thursday trade session, as Japanese bond yields reached one year highs and data showed that China’s manufacturing sector shrank for the first time in seven months during May. The pair fell to 101.42 during Asian session, which was lowest value since May 14th, after which recorded certain gains, increasing […] Read more

UK stocks fluctuate as stimulus program continues

May 23, 2013 7:41 am

The UK main index FTSE 100 climbed 36.4 points or 0.5 percent to 6,840.27 adding to the 16 percent raise since the beginning of the year. UK stocks went up on Fed Chairman Ben Bernankes testimony that economy is not quite ready for a tightening monetary policy and that would endanger its stability. Analysts fear […] Read more

EUR/USD overlooked Bernanke’s statement

May 22, 2013 4:16 pm

The euro registered a sharp jump against US dollar during early American session, reaching 1.2998, highest value for todays trade, after which lost gained positions, falling down to 1.2862. Major reason was FED Chairman Ben Bernankes testimony earlier today, as he remarked FED could not tighten easing policy yet. EUR/USD was expected to receive support […] Read more

US economy not ready for a “let go”

May 22, 2013 2:34 pm

Federal Reserve Chairman Ben Bernanke states the US economy still not ready for a government to step back with the quantitative easing program as problems like unemployment and government cuts should be preceding a possible draw back in stimulus. Bernanke is staying aggressive with the stimulus spending in an effort to give an impulse to […] Read more

Natural Gas Prices Lower

May 22, 2013 2:29 pm

Natural gas declined for the first time since four days today after investors decided to cash out and secure gains after the fuel reached a three-week high earlier today. Still, increased demand continues to apply upward pressure on gas price due to the hot weather forecasts in the central parts of the U.S., which shot […] Read more