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- USD Graphic Rewind: Dollar Index is the Biggest Loser
- FOREX: Dollar Drops to a Fresh 17-Month Low as its Rate Shortfall Grows, A Government Shutdown Looms
- Oil Finds No Shortage of Bullish Arguments, Gold Revisits Inflation Fears
- Markets Pick Up Where They Left Off Pre-ECB; US Budget Talks Not Helping
- An Intraday USD/CHF Descending Channel is Creating Scalping Environment
- USD/CAD: Trading the Canadian Employment Report
- Guest Commentary: Unemployment Improves As Claims Fall by 10,000 (After Adjustments)
- Will the ECB Rate Hike Signal Further Deterioration in Euro-zone Periphery Countries?
- FX Headlines: ECB Hikes Rates, BoE Keeps Rates on Hold
- Forex: Euro Struggles To Hold Ground As ECB Delays Exit Strategy Further, BoE Maintains Current Policy In April
| USD Graphic Rewind: Dollar Index is the Biggest Loser Posted: The greenback saw its early pre-ECB gains be wiped out as aggressive USD selling resumed after the rate decision….. |
| FOREX: Dollar Drops to a Fresh 17-Month Low as its Rate Shortfall Grows, A Government Shutdown Looms Posted: Trading in the currency market is a relative venture. The dollar’s strength or weakness is dependent on the strength or weakness of its counterparts. And, it just so happens Thursday that the greenback’s primary peer received a significant boost to further outpace the world’s reserve currency. |
| Oil Finds No Shortage of Bullish Arguments, Gold Revisits Inflation Fears Posted: Crude oil seems determined to move higher, whether on risk appetite trends or geopolitical concerns, while gold and silver are re-coupling with rising inflation expectations. |
| Markets Pick Up Where They Left Off Pre-ECB; US Budget Talks Not Helping Posted: The US Dollar continues to get slammed into Friday, and market participants seem quite comfortable to force the favorable yield trends until proven otherwise. We would not rule out the possibility for reversal, but a lot needs to happen for this to play out. A major rising trend-line in the Euro off of the 2011 lows will be a key indicator for all major asset classes… |
| An Intraday USD/CHF Descending Channel is Creating Scalping Environment Posted: The USD/CHF pair consolidating into a sideways channel from early December to late February, though has since moved strongly to the downside, in favor of the Swiss Franc. |
| USD/CAD: Trading the Canadian Employment Report Posted: Employment in Canada is projected to increase another 28.0K in March after rising 15.1K in the month prior, and the ongoing expansion in the labor market is likely to spur a bullish reaction in the Canadian dollar as the outlook for growth and inflation improves. |
| Guest Commentary: Unemployment Improves As Claims Fall by 10,000 (After Adjustments) Posted: The Department of Labor's Unemployment Insurance Weekly Claims Report was released this morning for last week. The double-digit headline claim of a 10,000 reduction, however, was made possible by a 4,000 upward revision of the previous week's advance number. Here is the official statement from the Department of Labor: |
| Will the ECB Rate Hike Signal Further Deterioration in Euro-zone Periphery Countries? Posted: The European Central Bank announced today, in a move that had been widely expected since their March meeting, that the Governing Council had in fact voted to raise the key benchmark interest rate by 25-basis points, to 1.25 percent. But what does this mean for Euro-zone periphery countries, already on the verge of collapse? |
| FX Headlines: ECB Hikes Rates, BoE Keeps Rates on Hold Posted: As expected, the European Central Bank increased their key interest rate to 1.25 percent, while the stumbling British economy has forced the Bank of England to keep their overnight interest rate on hold despite rising inflationary pressures. |
| Posted: The Euro struggled to hold its ground on Thursday even as the European Central Bank raised its key lending rate off the record-low in April, and the single-currency is likely to face additional headwinds over the near-term fears surrounding the sovereign debt crisis continue to bear down on market sentiment. |
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