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Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes
Fundamental Headlines – Greek President Told Banks Anxious as Deposits Pulled – Bloomberg – Merkel-Hollande Meeting Yields Greece Growth Signal – Bloomberg – BoE Cites Increased Risk of Disorderly Euro Outcome – DailyFX – Hedge or Bet? Parsing the JPMorgan Trade – WSJ – Mortgage Delinquencies Decline – WSJ European Session Summary After Greek leaders [...]
USD Index At Critical Juncture, JPY Correction Comes To An End
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.08 percent higher from the open after moving 82 percent of its average true range, and the greenback may track higher over the remainder of the week as the upward trending channel continues to take shape. As the flight to safety gathers pace, the shift away [...]
Guest Commentary: Gold & Silver Daily Outlook 05.16.2012
Gold and silver continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new elections in Greece to be held in June raised the anxiety in the markets and dragged [...]
Guest Commentary: MarketVisionTV – Hourly Elliott Wave Strategy USDJPY – Signs of Bullish Price Action
We still suspect the Dollar has ended the larger downside correction from the 84.15 peak. We have found solid support and have been basing in the ideal 79.55 to 79.15 target zone. Also we are now starting to see bullish price action, with an initial 5 wave rally to about 80.00 and the irregular downside [...]
Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap
Talking Points British Pound: BoE Curbs Growth, Inflation Forecast – 1.5800 In Sight Euro: Eyes 23.6% Fib For Support, IMF Strikes Cautious Tone For Italy U.S. Dollar: Index Approaches December High, FOMC Minutes In Focus British Pound: BoE Curbs Growth, Inflation Forecast – 1.5800 In Sight The British Pound tumbled to a fresh monthly low [...]