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The U.S Commerce Department showed that the economy of the United States expanded in the fourth quarter of 2009 by 5.7% as reported in the advanced GDP reading whereas economical conditions improved significantly throughout the past period to validate that the U.S economy shook off the worst financial crisis since…

‘The key point is that the Fed should raise short-term interest rates from near zero to modest levels-say 2 percent. Long ten- or thirty-year bond rates would be largely unaffected or could even fall. But in the current zero- interest liquidity trap, such a modest increase in short rates has…

The USD is trading mixed to firmer ahead of today’s release of US Q4 GDP as European currencies are pressured by concern about the fiscal outlook in non-core European countries and the UK banking system, S&P says UK banks are less stable, GBP downside limited by gains in cross to…

The world’s leading economy probably grew in the advanced reading for the fourth quarter as projected by analysts, sealing off the months of 2009 on a strong growth pace along as the manufacturing sector boosted economical growth over the past few months.

Global equity markets are at the lows of the year, and allowing the Usd to be bought, ahead of Canadian and U.S. Gross Domestic Product numbers. The sideways overnight crawl may be hard to easily break on the last session of the week, as investors move from risk (equities) to…

* Times listed are GMT

Swiss is continuing to trade below the 200-DMA Resistance (1.0539) and it is now oscillating around the Support at 1.050. If it continues to trade lower, we might see a downmove in the US session today towards next significant Support seen in 1.0450-30 region. Note that the projected Max-Low for…

Japan Housing Starts y/y came in at -15.7%, stronger than the -18.8% and prior reading -19.1%.

Usd/Jpy not affected by release as the pair continues to trade 89.90-95 in very slow trading as we await the open of the European session.

Despite the poor performance of Japanese stock markets overnight, once again European hours have brought a moderately improved taste for risk. Stock markets are modestly higher, the JPY is softer across the board and even the EUR has found some buyers.