The major US event in the coming week is expected to be Tuesday’s FOMC meeting. The euro area will also be in focus with a Eurogroup meeting on Monday and an ECOFIN Council on Tuesday, concentrating on reinforcing economic governance and not least improving the Stability and Growth Pact with a Read More Weekly Focus [...]
Posted in FX News | Tagged crisis, debt, focus, on, renewed, the, weekly |
Without the final details in hand as of late Friday afternoon, we can’t be sure of the ultimate reaction, but price moves ahead of the release of the EU pact suggest markets are going to be underwhelmed. The draft of the pact suggested that no concrete rules will be established Read More EU Competitiveness Pact [...]
Posted in FX News | Tagged competitiveness, disappoint, eu, may, pact |
The dollar benefit from the safe haven trade depends on the severity of the fear in the market. At heart the safe haven play is a capital preservation trade. Current fear in the currency market is muted, in the background but not yet manifest, even after Thursday’s run down in Read More The Dollar, Safe [...]
Posted in FX News | Tagged and, dollar, events, haven, safe, the, world |
The market’s direction and conviction seemed so certain Friday morning when both EURUSD and the S&P 500 were rolling over in concert. However, a rebound into the close, increase in volatility, decrease in volume and development of new fundamental factors quickly complicated the situation. Are we still on pace for a clear trend; and if [...]
Posted in FX News | Tagged 500, and, are, breaking, down, eurusd, not, or, sp, the |
It seemed as if the dollar was finally on track to put in a long-awaited recovery heading into the final trading day of this past week. And yet, the remarkable bullish drive the currency was able to secure in the Asian session was completely retraced by the time the New York markets closed. Read More [...]
Posted in FX News | Tagged 500, collapseswith, conviction, dollar, finally, forex, rally, sp, the, unless, won146t |
Scheduled event risk thins out over the coming week for the global docket; but that won’t sooth the euro. The shared currency is facing a critical decision that can tip the scales for direction and volatility through the indefinite future. The market will need to decide whether it is more concerned about financial stability in [...]
Posted in FX News | Tagged after, be, confidence, eu, euro, put, summit, test, the, to, traders146 |
Gold fell back from a record high of $1444.95 to mark the first weekly decline since the end of January, and the short-term reversal may gather pace going into the middle of March as global investors diversify away from the bullion. Read More Gold Outlook Turns Bearish On US Dollar Strength
Posted in FX News | Tagged bearish, dollar, gold, on, outlook, strength, turns, us |
US Dollar: Start of a Reversal or Minor Bump in Broader Downtrend? Euro Traders’ Confidence to be Put to the Test after EU Summit Japanese Yen Outlook Unclear Following Natural Disasters British Pound to Decline as Focus Shifts to Risk Sentiment Trends Canadian Dollar May Outperform Amid Broad-Based Risk Selloff Australian Dollar Direction Unclear After [...]
Posted in FX News | Tagged 031411, Forecast, forex, trading, weekly |
