Earlier, the Canadian dollar was gaining on the demand for riskier assets. Yesterday’s demand for higher yielding assets helped the loonie gain versus its counterparts. However, some of that momentum is being lost right now as a bit of risk aversion sets in. (…)Read the rest of Canadian Dollar Losing Momentum on Risk Aversion (137 words) Posted on Forex News. Read More Canadian Dollar Losing [...]
In a leading indicator the Chicago PMI came in stronger-than-expected for the December period. The index posted a reading of 62.5, basically matching November 62.6 and much stronger than the forecast of a 60.4 print which would have meant a slower expansion of activity. Read More Chicago PMI, Pending Home Sales Show Continued Momentum in [...]
FXstreet.com (Barcelona) – The Euro, after an extremely quiet Asian session, has just popped up… For more information, read our latest forex news. Read More Forex EUR USD finds bullish momentum ahead of Europe
USD continues to advance as markets remain risk averse as European concerns elevate. The buck is also gaining on the back of technical momentum with the break of key levels across the major currencies and 11-months highs in the Dollar Index. Global equities are trading lower and UST yields continue Read More USD Upward Momentum [...]
The U.S. ISM manufacturing index rose to 52.7 in November from 50.8 the previous month. The consensus call was for a weaker reading of 51.8. New orders accelerated to 56.7 points from 52.4 prior, the second month in a row above the 50 mark, after being in contraction territory for the entire third quarter. Read [...]
FXstreet.com (Barcelona) – Euro rally from last week lows at 1.3650 has extended to fresh… For more information, read our latest forex news. Read More Forex EUR USD bullish momentum, fading V Bednarik
Risk-off Trading: Risk aversion to start the week has been filtered through the currency market more so in currencies like the CAD, AUD, and NZD, with the EUR getting some pressure as well. However, the sterling is hanging on. The 1H chart shows 38 Vote(s) Read More GBP USD Hanging on to Bullish Momentum
The Euro-zone GDP is going to be very important because a lot of the problems faced by European countries revolves around their week growth rates, or least expectations for weak growth ahead. This includes the bigger economies such as France, Italy, and Spain. Read More Preview of Eurozone GDP Can Euro Holds Its Momentum
FXstreet.com (California) – The Sterling gained ground against its American counterpart on… For more information, read our latest forex news. Read More Forex GBP USD losing bullish momentum VBednarik
The S&P 500 is making headway toward completing a major Head and Shoulders top, laying the foundation for a structural advance in the safe-haven US Dollar. Read More US Dollar Rally Gains Momentum as SdanP 500 Top Takes Shape
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