Guest Commentary: Gold & Silver Daily Outlook 02.07.2012

By Admin on February 7, 2012

Gold and silver started off the second week of February with little changes. The financial community is waiting in anticipation for the results of the Greek negotiations; these negotiations might affect the direction of the Euro and consequently may also influence precious metals. But up to now, the negotiations didn’t influence the forex markets. Today, [...]

Posted in | Leave a response

USD Outlook Hinges On Bernanke, Euro Propped Up By Greek Rumors

By Admin on February 7, 2012

Talking Points U.S. Dollar: Bernanke Testimony In Focus, Watching The 10-Day SMA Euro: Maintains Range As Greece Looks To Finalize Second Bailout British Pound: Carves Near-Term Top Ahead Of BoE Rae Decision U.S. Dollar: Bernanke Testimony In Focus, Watching The 10-Day SMA The greenback extended the advance from the previous day, with the Dow Jones-FXCM [...]

Posted in | Leave a response

Dollar Finds Relief in Dows Restraint after Friday’s Drive

By Admin on February 7, 2012

Dollar Finds Relief in Dows Restraint after Friday’s Drive Euro: Another Day, Another Delay for Greece’s Reconciliation Australian Dollar Rallies after the RBA Unexpectedly Holds Rates at 4.25 Percent British Pound: Will the Drive to Austerity Push the UK into Recession? Swiss Franc Awaits SNB Jordan’s Comments on Growth, Really Want Intervention News Japanese Yen [...]

Posted in | Leave a response

FOREX: Euro, Major Currencies Still Looking to Greece for Direction

By Admin on February 7, 2012

Talking Points Markets Positioned for Successful Greek Accord as Stock Index Futures Rise German Industrial Production May Surprise Higher After Pickup in PMI Data Australian Dollar Soars as RBA Unexpectedly Holds Interest Rates Unchanged Japanese Yen Down After MoF Reveals Five “Stealth” Interventions in Q4 Most major currencies were little changed against the US Dollar [...]

Posted in | Leave a response

Aussie Races to Multi-Month Highs As RBA Shocks with Policy Hold

By Admin on February 7, 2012

RBA catches markets off guard and leaves rates on hold Central bank maintains dovish tone but Aussie well bid on news Euro/Aussie cross rate drops to yet another record low RBA decision in question and we feel was mistake to not cut Greek talks linger on; still no agreement; increases risks of default The decision [...]

Posted in | Leave a response