November 1st, 2012

Dollar Index Futures: The dollar gained against the yen as U.S. initial jobless claims declined to the fewest in three weeks and a measure of manufacturing activity rose more than forecast, adding to evidence the economy is recovering.

The pound climbed to the highest level in two weeks versus the dollar as a report showed U.K. house prices rebounded in October and Britain’s biggest business lobby raised its economic forecasts for this year and next. The Japanese currency earlier weakened for third day against the euro as investors awaited the release tomorrow of minutes of the Bank of Japan (8301)’s Oct. 4-5 meeting amid speculation the central bank will ease monetary policy further.

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October 9th, 2012

Dollar Futures: Investors should remain bullish on the dollar because issues within the U.S. economy pale in comparison with those in Europe and Australia, according to John Taylor of FX Concepts LLC.

The dollar is in a “box” between the important technical level of $1.29 per euro and downtrend levels of $1.3050 to $1.31, said Taylor, the founder and chief executive officer of currency-hedge fund FX Concepts LLC, which manages $3 billion. A closing price below $1.29 would be a “very bad” technical signal, Taylor said. The greenback will see a “significant” move after it breaks out of this range, he said.

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September 14th, 2012

Dollar Index Futures – The dollar fell to a four-month low against the euro on Federal Reserve Chairman Ben S. Bernanke’s plan to conduct open-ended quantitative easing, a process that tends to debase the U.S. currency.

The euro was set for the longest stretch of weekly gains against the yen since 2009 after comments by Finance Minister Jun Azumi signaled he’s ready to intervene to weaken the currency. Credit Suisse Group AG and Morgan Stanley raised their forecasts for the shared currency. The Singapore dollar strengthened to the highest in more than a year against the greenback.

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August 30th, 2012

Dollar Index Futures – The euro rose approached an eight- week high against the dollar as Italian borrowing costs dropped at an auction on optimism the European Central Bank may soon start buying euro nations’ bonds.

Europe’s shared currency advanced against most of its 16 major peers before Spanish and French leaders meet in Madrid amid speculation of a second bailout. The yen appreciated against the dollar after U.S. economic reports showed jobless claims rose and consumer spending climbed less than forecast. Norway’s krone rose against all its major peers even after a policy maker signaled the central bank won’t accept persistent currency strength.

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July 30th, 2012

The euro fell for the first time in four days against the dollar and yen after Spain’s recession deepened, adding to concern the region’s fourth-largest economy will struggle to bring down its debt levels.

The 17-nation currency dropped from near a two-week high versus the yen after a European report showed economic sentiment worsened more than analysts forecast. The European Central Bank announces its next policy decision on Aug. 2 amid speculation President Mario Draghi will signal additional measures to ease the debt crisis. Sweden’s krona rose against all its major counterparts as the economy expanded more than analysts predicted. The pound fell as U.K. mortgage approvals dropped.

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July 5th, 2012

Euro Futures – The euro tumbled to the lowest level in more than a month versus the dollar after the European Central Bank cut its key interest rate to a record 0.75 percent and reduced its deposit rate to zero for the first time.

The shared currency weakened against higher-yielding peers including the Australian dollar as ECB President Mario Draghi said some risks to growth have “materialized.” The Dollar Index jumped the most in almost eight months as reports showed U.S. labor-market improvement. The pound fell against the dollar after the Bank of England extended its asset-purchase program.

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May 29th, 2012

Managed Futures – Emil van Essen, LLC announced that its flagship Spread Trading Program was nominated for four Managed Futures Pinnacle Awards in the following categories: Best Bear Market Manager (HF Index), Best Defensive CTA (Diversified), Best Risk Adjusted Performance (Diversified), and Greatest Returns (High Volatility – Diversified). Award winners will be announced and presented with a BarclayHedge “BTOP” award during a ceremony on June 11, 2012, in Chicago.

“We continue to see strong growth in long-only commodity funds for the foreseeable future, which is providing us with favorable market conditions for alpha generation.”

“We are honored to be nominated for the inaugural Managed Futures Pinnacle Awards sponsored by CME Group and BarclayHedge,” said Emil van Essen, CEO. “We continue to see strong growth in long-only commodity funds for the foreseeable future, which is providing us with favorable market conditions for alpha generation.”

Emil van Essen, LLC has grown from $210M assets under management in 2011 to over $440M in 2012. The Emil van Essen Spread Trading Program has outperformed both the Barclay CTA Index and Goldman Sachs Commodity Index for the last 4 years.

About Emil van Essen, LLC:

Emil van Essen, LLC is a Chicago, Illinois based investment management firm that specializes in commodity spread trading.

May 30th, 2012

Euro Futures – The euro fell to the lowest level in almost two years against the dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies.

The 17-nation currency slid for a seventh day versus the yen, the longest losing streak in four months, after Italy sold less than its maximum target at a debt auction. The yen and dollar strengthened as investors sought safer assets after a European report showed economic confidence dropped more than economists estimated in May. Asian currencies weakened, pushing the Bloomberg-JPMorgan Asia Dollar Index to the lowest level since September 2010.

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May 25th, 2012

Euro Futures – The euro fell against the dollar and yen for the fourth day amid concern Spain’s regional governments may lose access to capital markets.

The shared currency erased earlier gains after Catalan President Artur Mas repeated his call for Spanish central government to help regions access funding at briefing with reporters today in Madrid. The euro traded at almost its lowest level since July 2010 after a Greek opinion poll showed an anti- bailout party gaining support before June 17 elections.

“What is sparking this selloff in the euro is Catalonia, one of the larger regions of Spain, now saying they need the government to help them get out of debt-financing problems,” Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in New York in a Bloomberg Radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “This is coming as a new shock to the market.”

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May 14th, 2012

Commodity Investing – Speculators cut bets on a rally in commodities by the most since November as Greece’s struggle to form a new government and weaker-than-expected industrial output in China erased this year’s gains in raw materials.

Money managers reduced net-long positions across 18 U.S. futures and options by 19 percent to 723,239 contracts in the week ended May 8, the biggest decline since Nov. 22, Commodity Futures Trading Commission data show. The Standard & Poor’s GSCI Spot Index of 24 raw materials dropped 6.5 percent in eight sessions through May 11, the longest slide since December 2008.

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