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Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes
Talking Points Crude Oil, Copper Sold on Greece Woes – Fed Minutes Key Ahead Gold and Silver Vulnerable if Fed Minutes Dent QE3 Expectations Commodity prices are trading broadly lower in European hours as risk aversion grips financial markets, weighing on sentiment-linked crude oil and copper prices while boosting the safe-haven US Dollar to put [...]
Pound Eyes BOE Inflation Report, Dollar Looks to Fed to Drive Rally
Talking Points US Dollar, Japanese Yen Outperform as New Greek Elections Spark Risk Aversion British Pound Looks Past Jobless Claims Data, Focusing on BOE Inflation Report Slower Eurozone CPI May Compound Euro Selling on ECB Easing Expectations FOMC Meeting Minutes May Dent QE3 Expectations, Adding Fuel to Dollar Rally The US Dollar and Japanese Yen [...]
Euro At Risk for Retracement to Yearly Lows But Beware of Oversold Studies
Ongoing turmoil in Greece pressures markets lower Fear of contagion to larger EX economies weighing Technical studies are however stretched Investors looking to retest Euro 2012 lows Looking for technical bounce before trend continuation The latest bout of intensified selling in the Euro has been attributed to the ongoing political turmoil in the Eurozone.Currencies in [...]
Guest Commentary: A Weaker Yen – Gently Does It
The strength of the Japanese yen loved by shoppers is hated by the Japanese administration, politicians and corporations. The head of Nissan recently said that yen strength is like a “1,000-pound gorilla” that scuppers our ability to sell cars abroad. After having embarked on several bouts of intervention, some in coordination with other central banks, [...]
Dollar Wins its Highest Close Since January 2011, Buckle Up
Dollar Wins its Highest Close Since January 2011, Buckle Up Euro: GDP Readings Beat Forecasts, Outlook Still Painful British Pound Looks for a Return to Volatility on BoE Report Japanese Yen Assess the Potential Impact for 1Q GDP Australian Dollar Rallies Against All but the Greenback New Zealand Takes a Hit Across the Board Gold: [...]