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US Dollar Still a Laggard in Light of Fed’s Quantitative Easing Announcement, Surge in Jobless Claims

- Euro, British Pound Surge Against US Dollar, but Former Remains Stronger on UK’s Quantitative Easing – Canadian Dollar Could Pull Back on Retail Sales…

EURAUD: One of the Few Viable Ranges Left in the Currency Market

After the surge in volatility across the currency market over the past 36 hours, there are very few viable range trades to be found. However, with a quickly…

Gold Prices Regain Correlation with US Dollar Following Fed Actions

Gold prices have regained their correlation to the US Dollar, as recent Fed actions limit flight-to-quality demand for the Greenback. The US Federal Reserve…

British Pound Crosses Range Bound For Now

-GBPCHF early stages of ending diagonal? -GBPCAD basing for an eventual break higher -GBPAUD resistance at 2.15 -GBPNZD resistance at 2.69

Dollar/Yen Looking to Carve Medium-Term Higher Low (Daily Classical)

Euro 200-Day SMA comes into focus. Dollar/Yen pulls back sharply, but additional setbacks limited. Cable above 50-Day SMA; can it hold. Dollar/Swiss breaks…

NZDUSD Tests Fibonacci Resistance

The NZDUSD has traded through the 61.8% retracement of the decline from .6090. This level could serve as resistance and even a push above faces the December…

USD Extends Declines into London Fix (Midday Snapshot)

Overnight Interest Rate Update 03.19.09

Current Yesterday USD 0.30938 0.31375 GBP 0.61750 0.63375 EUR 0.80250 0.77875 JPY 0.20000 0.19125 CHF 0.14833 0.14833 AUD 3.31250 3.30000 CAD 0.50000 0.50000 NZD 2.83750 2.91250

A Drop In Canadian Consumer Prices Would Validate Bearish Loonie Technical Outlook

Canadian CPI is expected to fall another 0.1% to 1.0% which would be the lowest since 2004. The country’s economy may see its current recession deepen…

Asian Economic Data: 03-19-09