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USD Index To Resume Upward Trend, Japanese Yen Weakness To Accelerate
DJ FXCM Dollar Index The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.40 percent higher from the open after moving 104 percent of its average true range, and the shift away from risk-taking behavior should prop up the reserve currency as renewed fears of a Greek default drags on trader sentiment. However, as the [...]
U.S. Dollar Momentum Builds as Greek Concerns Linger
Fundamental Headlines – Greek Bailout Wins Two Cheers from Wary Investors – Bloomberg – Obama Readies Plan to Cut Corporate Tax Rate – Bloomberg – Iran Defiant as U.N. Nuclear Talks Fail – Reuters – Fitch Downgrades Greece – WSJ – Despite Pact, Unease Lingers for Greece – WSJ European Session Summary The move to [...]
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.. Today, Euro Area Manufacturing PMI report will be published along with the Minutes of the last MPC Meeting, and the U.S. Existing [...]
Euro Setting Up For Major Decline, Sterling Poised For Correction
Talking Points Euro: Fitch Cuts Greece’s Credit Rating, Sees Default In ‘Near Term’ British Pound: U.K. Posts Budget Surplus, Remains Capped By 200-Day SMA U.S. Dollar: Index To Consolidate, Fundaments To Improve Further Euro: Fitch Cuts Greece’s Credit Rating, Sees Default In ‘Near Term’ The Euro fell back from an overnight high of 1.3263 as [...]
Gold at Risk as Dollar Recovers, Crude Oil Supported by Iran Tensions
Talking Points Crude Oil Likely to Remain Well-Supported on Iran-Linked Tensions Gold, Silver Buoyed by Inflation Bets But US Dollar Gains May Weigh Copper Vulnerable as S&P 500 Futures Point Toward Risk Aversion Tensions between Western powers and Iran continue to push crude oil prices higher, with the WTI contract touching the highest since May [...]