Yesterday, notes Mr Secker, the FTSE closed up 84 points at 4,631, and the Dow closed up 82 points at 9,154. In forex news, the dollar fell against the euro as the market sought higher yielding currencies.  There is increased sentiment from positive economic data and rising stocks that the world is recovering from [...]

Yesterday, notes Mr Secker, the FTSE closed up 18 points at 4,547 and the Dow closed down 26 points at 9,070. In forex news the yen declined against the euro after a government report showed Japanese manufacturers boosted production for a fourth month, reducing demand for safe-haven currencies.  The euro traded near a one-month [...]

In forex news, the yen and the dollar rose versus the euro before a report economists said will show orders for durable goods in the U.S. fell last month, curbing demand for higher-yielding assets.
The Japanese currency also advanced due speculation domestic investors are repatriating earnings from European government bonds that mature tomorrow. The Australian dollar [...]

The US dollar traded at seven week lows against the euro as Asian equity markets continued the global rally. Investors are focusing on higher yielding assets.  The Aussie dollar rose against the US dollar after the Reserve Bank of Australia said the nation’s economy may rebound faster then it forecast six months ago.  In data [...]

On Friday the FTSE closed up 16 points and closed at 4,576, making the 10th consecutive buyers bar on the chart. The Dow closed up 23 points at 9,093 and the S&P closed up just 3 points at 979. Both of the major US indices appear comfortable trading above their 200ema and have broken recent [...]

Yesterday, notes Mr Secker, the FTSE closed up 65 points at 4,559 and the Dow closed up 187 points at 9,069 based on good earnings by a variety of companies. In forex news the euro headed for a second weekly advance against the dollar and the yen as Asian stocks extended a global equity [...]

Yesterday, notes Mr Secker, the FTSE closed up 12 points at 4,493 and gained resistance on the key level of 4,500. The Dow closed down 34 points at 8,881. In forex news the yen weakened against the euro after 3 days of rises as investors chased higher yielding assets.  The benchmark interest rate is [...]

Yesterday, notes Mr Secker, the FTSE closed up 37 points at 4,481 and the Dow closed up 67 points at 8,916. In forex news, the yen and the dollar strengthened for a second day against the euro on concern the recovery of the global banking industry from the financial turmoil will be delayed, boosting [...]

Yesterday, notes Mr Secker, the FTSE closed up 54 points at 4,443 and the Dow closed up 103 points at 8,848. In forex news the yen and dollar rose the most against higher-yielding currencies such as the Australian and New Zealand dollars after Fed Chairman Bernanke signalled the central bank may eventually have to [...]

On Friday the FTSE 100 closed up 26 points at 4,388 and the Dow closed up 32 points at 8,744. The FTSE, writes Greg Secker, gained resistance on 4,400 and the 200ema, and the Dow gained resistance from 8,760 and the 200ema. In forex news the yen and the dollar fell against higher-yielding currencies as [...]