USD/JPY Extends Gains

USD/JPY Extends Gains

The dollar was driven higher against the yen on a significant beat in December consumer confidence and the Richmond Fed index, but continues to find strong resistance at the 200-hour moving average at 117.54. USD/JPY was 0.35% stronger at 117.54 Consumer confidence jumped to a 15-year high of 113.7 from 109.4 in November, while the Richmond Fed manufacturing index doubled to 8.0 from 4.0 previously, both of which were considerably […]

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Consumer Confidence Rises to 15-Year High

Consumer Confidence Rises to 15-Year High

Consumer confidence rose to the highest level in more than 15 years amid a strong economy and optimism for the new year. The Conference Board Consumer Confidence Index rose to a reading of 113.7 in December frmo 109.4 a month earlier, the independent researcher said in a report on Tuesday. The firm’s expectations index increased “sharply” to a 105.5 reading from 94.4 a month earlier, the highest in 13 years. […]

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Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor Company’s Ford Fusion and Mercury Milan vehicles, model years 2007 through 2009, are being investigated by the The National Highway Traffic Safety Administration after 141 reports of sudden, unexpected increases in stopping distance. The regulator said on its web site that the Office of Defects Investigation has associated three crashes with the condition and that a preliminary evaluation has been opened to assess the scope, frequency and safety-related […]

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