USD is broadly stronger on risk aversion as there is still no resolution in Greece. Time is running short on a PSI deal as well as the more difficult task of meeting Troika demands for greater austerity. Positive economic data out of the U.S. has also reduced the likelihood of Read More Risk Off as [...]
Posted in FX News | Tagged as, clock, for, greece, off, risk, the, ticks
The Greek government has about 24 hours to decide whether it will agree to the Troika conditions for a bailout deal. Financial markets are hardly showing much concern – but there is a non-trivial chance that Greek does the unthinkable and we must consider the fallout if talks break down. Read More Next 24 Hours [...]
Posted in FX News | Tagged 24, default, for, greek, hours, key, next, risk
Read More US Dollar Risks Collapse on Dow SurgeIf this is a True Risk Rally
Posted in FX News | Tagged a, collapse, dollar, dow, is, on, rally, risk, risks, surgeif, this, true, us
Though the dollar ended Friday in the red, its performance was too bad. A sharp correction of intraday gains for the Dow Jones FXCM Dollar Index would leave the benchmark in the red, but it nevertheless ended well off the week’s lows. Read More Dollar at Risk of Fresh Plunge as Dow Moves to Test [...]
Posted in FX News | Tagged as, at, dollar, dow, fresh, highs, moves, multiyear, of, plunge, risk, test, to
Cautious optimism has returned to?the?markets today, bringing risk appetite and?sending the?US dollar lower against other major currencies. Corporate earnings are encouraging once again, and?most of?the?European Union countries signed on?to?a?treaty requiring tougher fiscal rules. The?result is that many investors and?Forex traders are feeling more optimistic about what’s next for?the?global economy, and?that means the?US dollar isn’t needed [...]
Posted in FX News | Tagged an, appearance, appetite, as, back, dollar, makes, pulls, risk, us
The fate of Greece and the Eurozone economy is still highly uncertain and market participants anxiously await a formal resolution… Read More Greek Debt Negotiations And Risk of Default Key Theme in Early Week
Posted in FX News | Tagged and, debt, default, early, greek, in, key, negotiations, of, risk, theme, week
Lack of fresh news prior to the Lunar New Year had FX markets trending. Gains in regional equities across Asian reflected the follow through from Wall Street solid performance. EURUSD contracted into a narrow range narrow range from 1.2954 to 1.2974 while AUDUSD solid off mildly from 1.2986 to 1.2918. Read More Strong Auction Results [...]
Posted in FX News | Tagged and, auction, greece, in, psi, results, risk, strong, support, talks
The dollar has came under substantial pressure in European trade as stronger than expected Chinese data further fueled the rally in Asia Pacific. Here are the key levels to watch on the AUDUSD and USDJPY. Read More Chinese Data Eases Growth Concerns USD Suffers as Risk Picks Up
Posted in FX News | Tagged as, chinese, concerns, data, eases, growth, picks, risk, suffers, up, usd
Risk appetite is making an appearance as investors show optimism through higher stocks. As a result, the US dollar is mostly lower against other majors today. Greenback is lower against the euro, pound and yen today. (…)Read the rest of US Dollar Mostly Lower as Risk Appetite Makes an Appearance (146 words) Posted on Forex News. Read More US Dollar Mostly Lower [...]
Posted in FX News | Tagged an, appearance, appetite, as, dollar, lower, makes, mostly, risk, us
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 [...]
Posted in FX News | Tagged aversion, canadian, dollar, losing, momentum, on, risk
