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- FOREX: US Dollar Builds on Gains Amid Risk Aversion, UK GDP on Tap
- Currencies Back Under Pressure As Risk Negative Themes Dominate Trade
- FOREX: Dollar Rally Curbed as Sentiment Recovers from its Dive, Data Comes Up Short
- Dollar Losses Halt at Trendline Support- Formation Holds
- EUR/USD: Trading the U.S. Durable Goods Orders Report
- AUD/JPY Intra-day Scalp- Wedge Formation Tightening
- U.S. Dollar Index Tests 9700 For Support, Maintains Trend
- Guest Commentary: Oil Prices Daily Outlook 05.24.2011
- FX Headlines: Temporary Rebound in Risk Appetite Boosts Commodity Currencies
- Forex: Euro Rebound To Be Short-Lived, British Pound Eyes 1.6000
- FOREX TREND MONITOR: Dollar Roars Back as EU Debt Crisis Compounds Risk Aversion
- FX Headlines: Aussie, Euro Plummet as Markets Shift to Risk Aversion
| FOREX: US Dollar Builds on Gains Amid Risk Aversion, UK GDP on Tap Posted: The US Dollar continued to build on recent gains in overnight trade as stock losses drove demand for the safe-haven currency. UK GDP figures are in focus in European hours. |
| Currencies Back Under Pressure As Risk Negative Themes Dominate Trade Posted: Any rallies in the currency markets on Tuesday appear to have been short-lived, with the USD once again looking poised for fresh upside... |
| FOREX: Dollar Rally Curbed as Sentiment Recovers from its Dive, Data Comes Up Short Posted: As we were expecting yesterday, the dollar’s rally stalled through the past session. Considering the greenback’s opening rally wasn’t running under its own momentum, it only makes sense that when the exogenous drivers retreated so would the currency. The Dow Jones FXCM Dollar Index closed its first contraction in three active trading days through Tuesday’s close; though it would still hold above the contentious 9,700 level in the meantime. |
| Dollar Losses Halt at Trendline Support- Formation Holds Posted: The ascending channel that has held the Dow Jones FXCM US dollar index remains intact despite the pullback seen today in North American trade. Although returning risk appetite continued to see the greenback on the defensive, the move lacked conviction and losses for dollar may be limited. |
| EUR/USD: Trading the U.S. Durable Goods Orders Report Posted: Orders for U.S. durable goods are expected to contract 2.5% in April and the decline in private sector consumption is likely to spur a bearish reaction in the greenback as the outlook for future growth deteriorates. |
| AUD/JPY Intra-day Scalp- Wedge Formation Tightening Posted: The AUD/JPY pair continues to consolidate within a descending wedge formation that dates back to April 27th. A lack of conviction in today's rally sees a likely reversal of this swing in risk sentiment, with the pair expected to continue to bottleneck into the current wedge formation. |
| U.S. Dollar Index Tests 9700 For Support, Maintains Trend Posted: The Dow Jones-FXCM U.S. dollar index pared the overnight advance to 9764.97, but the small pullback in the USD is likely to be short-lived as the greenback continues to trade within an upward trending channel. |
| Guest Commentary: Oil Prices Daily Outlook 05.24.2011 Posted: Oil prices started off the week with falls, as the speculation around the supply and demand side is high. |
| FX Headlines: Temporary Rebound in Risk Appetite Boosts Commodity Currencies Posted: Despite yesterday’s losses across riskier asset classes, a temporary rebound in risk appetite in the overnight fueled by gains in commodities helped boost equity markets in the Asian and European sessions overnight, propping up the commodity currencies ahead of the U.S. session open. |
| Forex: Euro Rebound To Be Short-Lived, British Pound Eyes 1.6000 Posted: Indeed, the better-than-expected German business confidence survey helped to prop up the Euro during the overnight trade, but the rebound is likely to be short-lived as European policy makers struggle to contain the risk for contagion. |
| FOREX TREND MONITOR: Dollar Roars Back as EU Debt Crisis Compounds Risk Aversion Posted:
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| FX Headlines: Aussie, Euro Plummet as Markets Shift to Risk Aversion Posted: The markets appear to be in a full-on risk-averse state as the Australian Dollar, European Euro, and New Zealand Dollar were all sold off in the overnight in favor of the Japanese Yen, Swiss Franc, and U.S. Dollar amid heightening concerns over the European sovereign debt crisis. |
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