Dollar Posts Four-Year High against Yen; Market Gains May Momentum

Eagle Eye Opener

Dollar Posts Four-Year High against Yen… (Reuters)

Last week’s U.S. non-farm unemployment report has evolved into the Swiss Army Knife of the investing world, based upon its many uses. Most recently, the jobs report has been credited with providing the spark that’s fortifying America’s currency comeback against the yen and others. Specifically, April’s data reflected a five-year low for the number of new unemployment insurance applicants. What’s more significant here is that if the United States can achieve an unemployment rate of 7 percent, Fed Chairman Ben Bernanke and crew would be able to end quantitative easing (QE) and save the government $85 billion in monthly expenditures. Even though ending QE isn’t cut and dried, investors shouldn’t take their eyes off of this possibility and what it might mean about a possible market pullback.

Market Gains May Momentum… (Bloomberg)

European investors seem to be gathering momentum exactly when its least needed – right before the traditional time to sell equities in May. Still, though, I can’t imagine these battle-tested investors turning up their noses at gains — no matter how late in the spring they appear. Indeed, a couple of European-based heavyweights are expected to report good news today: ArcelorMittal (the world’s largest steelmaker) and BT Group Plc (a communications services giant). In anticipation of the reports, European markets are creeping higher already:  England’s FTSE is up .49 percent, STOXX 50 is ahead .63 percent and Germany’s DAX rose .61 percent. The rest of May will be fun to watch…

Exclusive  Revisiting a Healing Molecule
share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor