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26 Mar 2013

Wall Street rises despite bad US data and Cyprus

FXstreet.com (San Francisco) - The US stocks market traded higher on Tuesday as market didn't pay much attention to the lower-than-expected US consumer confidence and retracements in the housing data. The Dow surged to new all-time high.

The Dow Jones advaced 111.90 points or 0.77% to close at 14,559.65. The S&P 500 added 12.08 points or 0.78% to end the day at 1,563.77. And the Nasdaq Composite gained 17.18 points or 0.53% to finish at 3,252.48.
Mar 26, 2013

Forex Flash: RBA action reserved for June – Westpac

The yield pickup offered on AUD over JPY in the 2-year area has ticked higher in recent weeks, but of course remains well below the premium typically associated with AUD/JPY in the high 90s. Japanese investors have not ignored this however – January 2013 saw AUD 5.2B of net sales of AUD bonds, the largest monthly sales in the Ministry of Finance’s series dating to 2005.
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Mar 26, 2013

Forex: USD/CAD tests 1.0160

The US dollar is trading lower today's session against its Canadian counterpart and after falling around 25 pips from the 1.0175, the USD/CAD has traded at 1.0158, fresh lowest level since February 22nd.
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