Heading towards the close of a memorable week, fixed income trading has settled down. On the one hand, the S&P downgrade triggered the most volatile market in a year and precipitated the sharpest decline for stocks in three-years. In part its move prompted the Fed to pull a new card Read More Early Rebound for [...]
We want to try and create a trading plan using the recent moves in oil price as an indication for what may happen with the USD/CAD. The bias in this scenario is that oil prices will not be able to maintain their recent rally, and may fall down from the Read More This Weeks USD [...]
Currency markets were relatively sideways in today’s trading, though the Japanese Yen strengthened as Asian and European equities were lower and that helped spur some move into the safe-haven Yen. The EUR/USD pair was flat throughout the session, unable to move above the 1.4655 level. The tentative Euro-zone deal on new Read More USD Stabilizes [...]
Treasuries are looking tired after repeatedly targeting fresh lows repeatedly for the year, while European debt markets appear to be also limping towards the finish line. Weakness in equity markets has so far failed to inspire bond traders at the start of a rather quiet week. Read More Yields Struggle to Advance as Equities Soften
Following several weeks in which the USD was beat up on the back of expectations around its loose monetary policy, we have finally seen the USD strike back. Today it was against the EUR, as ECB President Trichet sent a signal to the markets that the ECB would hike rates Read More USD Gains Amid [...]
The greenback posted its first day of gains for the week as the 3-day equity rally took a break… Read More USD Graphic Rewind Dollar Index Rises in Quiet Trade, Global Equities Pause
The Dollar Index managed a positive close Friday. This was a particularly interesting performance for a few reasons. Most speculators recognize this correction following two days of heavy selling as a critical hold at a very prominent support seen in a rising trend tracing all the way back to the March 2008 bullish reversal. Read [...]
Most crude oil benchmarks are now approaching the psychologically-significant $100 level, but fundamentals suggest that a sustainable break is not yet in the cards. Read More Crude Oil Rises but Underperforms Equities, Gold Carves out an Ascending Triangle
FXstreet.com (Barcelona) – Friday?s disappointing NFP results continue to boost global stocks as… For more information, read our latest forex news. Read More European equities modestly higher by midday
Read More Disappointing Data Jumpstarts Equities and EURUSD, How Long Can This Last
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