USD Index To Resume Upward Trend, Japanese Yen Weakness To Accelerate
The greenback continued to gain ground on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index rallying to a fresh monthly high of 9,896, and the reserve currency may track higher over the remainder of the week as the flight to safety gathers pace.
U.S. Dollar Momentum Builds as Greek Concerns Linger
Despite the €130 billion bailout agreed upon yesterday for Greece, market participants are questioning the ability of the Greek government to fully implement the necessary measures. Earlier today, Fitch Ratings cut Greece’s long-term ratings to C from CCC, a sign that a default is indeed coming in the next few weeks.
Guest Commentary: Gold & Silver Daily Outlook 02.22.2012
Gold and silver started off the week with very sharp gains. Yesterday's gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January.
Euro Setting Up For Major Decline, Sterling Poised For Correction
Renewed fears surrounding sovereign debt crisis dragged on risk-taking behavior and the flight to safety may gather pace during the North American trade as European policy makers struggle to restore investor confidence.
Gold at Risk as Dollar Recovers, Crude Oil Supported by Iran Tensions
Gold and silver prices may weaken as the US Dollar recovers. Iran-linked jitters continue to support crude oil. Copper is vulnerable amid risk aversion.
Yen Selling Continues, Euro May Rise on PMI, Pound Eyes BOE Minutes
The Japanese Yen continued to fall in Asia on rising US bond yields. The Euro may rebound on improving PMI data. The Pound is focused on BOE meeting minutes.
Greek Saga and Uncertianty Continue; Yen Emerges as Major Story
With all of the focus on the Eurozone in recent months, traders might be forgetting to look elsewhere where the Yen has begun to sell off aggressively…
Euro: Why is the Market So Reserved after Greece’s Bailout?
We finally have it: the Euro-area ministers have agreed to the additional austerity measures necessary from Greece to tap the second rescue program. Then why hasn’t the euro surged forward?
GBPUSD: Trading the Bank of England Minutes
The Bank of England Minutes presents the biggest event risk for the British Pound and the policy statement may prop up the sterling should the central bank talk down speculation for additional monetary support.
Guest Commentary: UK Housing Recovery Exclusive to London
The UK suffered from a boom and bust of housing bubble, similar to the US, Ireland, Spain and many other countries.
USD Index Eyes Critical Resistance as Dow Tests 1300
The greenback closed markedly higher on the session with the Dow Jones FXCM dollar index now looking for a test of key daily resistance. Here are the levels to watch.
Bank Research Consensus Weekly 02.21.12
The Great Monetary Easing (Part 2), is in full swing... In response to a slowing global economy and further downside risks emanating from the possibility of an escalating Eurozone debt crisis, central banks all over the world - and across the DM-EM divide - have been deploying their arsenal for a while now, and should continue to do so.
Spyros Andreopoulos, Morgan Stanley
Guest Commentary: MarketVisionTV - Is History repeats itself on $ Swiss Then...
$ Swiss is repeating itself...over and over and over again. Take the three rallies from the 70.85 August 2011 low.
USD Index To Consolidate, Australian Dollar At Critical Juncture
The greenback regained its footing on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,845, but we may see the reserve currency consolidate over the next 24-hours of trading as market participants appear to be increasing their appetite for risk.
Guest Commentary: Gold & Silver Daily Outlook 02.21.2012
Gold and silver ended the week with little changes as they only slightly declined on Friday. Yesterday, the U.S markets were closed due to President's Day so there weren't any updates on gold and silver. Earlier today, The EU ministers of finance approved €130 billion bailout for Greece.
Greece Gets Bailout but EURUSD Fails to Post Meaningful Gains
Euro-zone finance ministers agreed on a €130 bailout fund for Greece early on Tuesday, though given the reaction by the Euro and other risk-correlated assets, it appears market participants remain skeptical. After all is said and done, by no means is a Greek default off the table.
Euro Optimism Fizzles Amid Weakening Outlook, Sterling Capped
Market sentiment weakened on Tuesday even as the EU agreed to release the EUR 130B bailout package for Greece, and the mixed reaction to the debt deal suggests that more needs to be done as the fundamental outlook for the euro-area remains bleak.
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return
The US Dollar and Japanese Yen are likely to recover on safe-haven demand as worries about a slowdown in global economic growth return to the forefront.
USD/CAD: Trading Canada’s Retail Sales Report
Retail spending in Canada is expected to contract 0.1% in December and a drop in private consumption may spark a bearish reaction in the Canadian dollar as the data casts a weakened outlook for the region.
Greek Bailout Deal Fails to Bring Fireworks - What Gives?
Currency markets saw a broadly lackluster response to the emergence of a final deal on the second Greek bailout. We expect renewed risk aversion will follow.
Euro Finds Additional Bids As Terms of Greek Deal Disclosed
Initial reactions to the Greek bailout agreement are positive, albeit marginally so, and we are keeping a close eye on EUR/USD 1.3325…
Dollar Activity Level Drops to Lowest Level Since Holiday Period
With a gap higher on the open of the week for risk appetite, the safe haven dollar would suffer its own drop to start trading Monday. That said, follow through was notably limited on both fronts.
US Dollar Poised for Breakdown versus Euro, Aussie as Vols Drop
The US Dollar trades within an increasingly tight range against the Euro and other currencies, but clear market complacency warns that breakouts may be imminent as the EURUSD and S&P 500 trade near significant highs.
Optimism on Greek Deal Stokes Risk-Appetite; Chinese Rate Cut Helps
The Euro and other risk-correlated assets surged in the Asian and European sessions as a Chinese rate cut coupled with increased optimism about the Greek deal boosted confidence coming out of the weekend. However, with U.S. markets closed for a federal holiday on Monday, volatility and volume are expected to be relatively lower until Tuesday.
Euro Holds Key Resistance Ahead Of EU Meeting, Sterling To Outperform
Hopes surrounding the EU meeting in Brussels propped up market sentiment on Monday, but the rise in risk-taking behavior may be short-lived should European policy makers make an attempt to buy more time.