UK Retail Sales fell -0.7% in January after adding 1.1% in the previous month according to the British Retail Consortium. BRC Director General Stephen Robertson called the outcome “an awful start to the year,” adding that the outcome amounted to “the worst January sales growth in the 15 years we’ve been running the survey.” The coldest start to the year since 1987 was cited as the reason for poor performance, with heavy snowfall keeping consumers away from shopping for all but the bare necessities. more >>
• Dollar Advances for a Fourth Consecutive Session Despite a Tempered Pace of Risk Aversion • Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at G7 • Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’ • Commodity Currency Policymakers Start Rolling Back Emergency Aid more >>
STAMFORD, Conn.----Harman International Industries, Incorporated today announced results for the Second Quarter FY 2010 ending December 31, 2009. Net sales for the quarter were $937 million, an increase of 24 percent compared to the same period last year. more >>
The EUR/USD has quieted following a bout of volatility, as budget deficit issues in Greece, Portugal and Spain raised broader concerns and sparked a flight to safety. Risky assets traded lower following the Euro’s lead which was already under pressure from the bulging shortfalls of its member nations. more >>
The Australian labor market is expected to improve for the fifth consecutive month in January, with economists forecasting employment to increase 15.0K from the previous month, and the data could drive the exchange rate higher as the isle-nation skirts the global recession. more >>
Prevailing risk aversion has helped pushed the pair lower including a bearish close on the day of suspected intervention. Another down day would make in eight in a row which could open the door for a potential retrace as often occurs following a run of one-way price action. more >>
NEW YORK----Before long, all Facebook users will be able to easily execute money transfers among each other with a ClickandBuy app and purchase Facebook apps quickly and conveniently. more >>
The dollar weakened against the euro Monday, but held firm against other major currencies, as concerns about Greece's fiscal health eased slightly. more >>
Roman Larionov details this simple strategy to enter trades at the right price, which will help you maximize your profits and minimize your losses. more >>
The Canadian dollar continued to strengthen against the greenback and is the best performing currency on Monday, while the New Zealand dollar extended the decline from the previous week and slipped below the 200-Day SMA to reach a low of 0.6857. more >>
