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- British Pound Awaits Greek Election Aftermath for Direction Cues
- weekly forecast 06.16.2012
- weekly forecast 06.16.2012
- Gold Looks for First Positive Month Since January- Next Week Critical
- Australian Dollar Rally To Be Undermined By Dovish RBA
- Yen Stands to Gain on Flight to Safety…or Does It?
- Yen Stands to Gain on Flight to Safety…or Does It?
- Euro Faces Collapse or Relief Rally with Greek Election
- Euro Faces Collapse or Relief Rally with Greek Election
- Euro Faces Collapse or Relief Rally with Greek Election
- US Dollar Braced for Worst as Traders Prepare for Greece, Fed
- US Dollar Braced for Worst as Traders Prepare for Greece, Fed
- USD Searches For Support Ahead Of FOMC, JPY Benefits From BoJ Policy
- Japanese Yen Outperforms Ahead of Greek Votes While Euro Lags
- Euro Holds Steady Ahead Of Greek Election, Optimism May Fizzle On G20
- Guest Commentary: Gold & Silver Daily Outlook 06.15.2012
- Crude Oil Gains on Central Bank Stimulus Hopes, Gold Treading Water
| British Pound Awaits Greek Election Aftermath for Direction Cues Posted: 16 Jun 2012 04:42 PM PDT Financial markets have turned their attention to the outcome of the weekend’s Greek election, and the British Pound is no exception. A swelling correlation between GBPUSD and the MSCI World Stock Index – a proxy for market-wide risk sentiment trends – puts the UK currency squarely at the heart of volatility as Greek voters choose between a government that would uphold Athens’ commitments under the terms of the EU/IMF bailout and one that would abandon them. The latter course of action would presumably pave the way for Greece to exit the Eurozone. |
| Posted: 15 Jun 2012 06:01 PM PDT “The Euro, US Dollar, and other major currencies are braced for the most significant volatility of the year as traders prepare for critical Greek elections and a US Federal Reserve rate decision. Caution is warranted on a potentially pivotal week for forex markets.” |
| Posted: 15 Jun 2012 06:01 PM PDT “The Euro, US Dollar, and other major currencies are braced for the most significant volatility of the year as traders prepare for critical Greek elections and a US Federal Reserve rate decision. Caution is warranted on a potentially pivotal week for forex markets.” |
| Gold Looks for First Positive Month Since January- Next Week Critical Posted: 15 Jun 2012 04:55 PM PDT Gold is markedly firmer at the close of trade this week with the precious metal advancing 2.09% to close at $1626 in New York, marking its largest weekly advance since the first week of June. The price of bullion rose steadily throughout the week ahead of major event risk next week with key elections in Greece and the FOMC rate decision on tap. |
| Australian Dollar Rally To Be Undermined By Dovish RBA Posted: 15 Jun 2012 04:46 PM PDT The Australian dollar advanced to a fresh monthly high of 1.0068 amid the rebound in risk sentiment, but dovish comments coming out of the Reserve Bank of Australia may dampen the appeal of the high-yielding currency as the central bank sticks to its easing cycle. Indeed, the RBA Minutes highlight the biggest event risk for the following week and the fresh batch of central bank rhetoric may fuel speculation for another rate cut as Governor Glenn Stevens turns increasingly cautious towards the $1T economy. |
| Yen Stands to Gain on Flight to Safety…or Does It? Posted: 15 Jun 2012 04:14 PM PDT The Japanese Yen had a decent week, finishing in the middle of the pack with the majority of its bullish move coming on Friday following the Bank of Japan’s inaction at their policy meeting. The Yen appreciated by 0.96 percent against the US Dollar as quantitative easing expectations soared, and it finished squarely unchanged against the Euro. The Yen was pummeled by the New Zealand Dollar, however, which had an exceptionally strong week – it’s strongest of the year – to which it depreciated by 1.33 percent against |
| Yen Stands to Gain on Flight to Safety…or Does It? Posted: 15 Jun 2012 04:14 PM PDT The Japanese Yen had a decent week, finishing in the middle of the pack with the majority of its bullish move coming on Friday following the Bank of Japan’s inaction at their policy meeting. The Yen appreciated by 0.96 percent against the US Dollar as quantitative easing expectations soared, and it finished squarely unchanged against the Euro. The Yen was pummeled by the New Zealand Dollar, however, which had an exceptionally strong week – it’s strongest of the year – to which it depreciated by 1.33 percent against |
| Euro Faces Collapse or Relief Rally with Greek Election Posted: 15 Jun 2012 04:04 PM PDT We have faced a number of pivotal moments in the ever-evolving financial crisis for the Euro-area over the past two years. Compared to the last minute debt restructuring and second bailout approval for Greece back in March, a repeat election may not seem to be as critical to the country or region. |
| Euro Faces Collapse or Relief Rally with Greek Election Posted: 15 Jun 2012 04:04 PM PDT We have faced a number of pivotal moments in the ever-evolving financial crisis for the Euro-area over the past two years. Compared to the last minute debt restructuring and second bailout approval for Greece back in March, a repeat election may not seem to be as critical to the country or region. |
| Euro Faces Collapse or Relief Rally with Greek Election Posted: 15 Jun 2012 04:04 PM PDT We have faced a number of pivotal moments in the ever-evolving financial crisis for the Euro-area over the past two years. Compared to the last minute debt restructuring and second bailout approval for Greece back in March, a repeat election may not seem to be as critical to the country or region. |
| US Dollar Braced for Worst as Traders Prepare for Greece, Fed Posted: 15 Jun 2012 03:45 PM PDT The weekend’s event risk poses a true existential threat to the stability of the Euro Zone and Euro itself, and the US Dollar (ticker: USDOLLAR) stands to strengthen as the world’s benchmark safe-haven currency. Of course Euro declines are far from definite, and we urge that traders use caution on what threatens to force substantial volatility and challenging trading conditions in the days and weeks ahead. |
| US Dollar Braced for Worst as Traders Prepare for Greece, Fed Posted: 15 Jun 2012 03:45 PM PDT The weekend’s event risk poses a true existential threat to the stability of the Euro Zone and Euro itself, and the US Dollar (ticker: USDOLLAR) stands to strengthen as the world’s benchmark safe-haven currency. Of course Euro declines are far from definite, and we urge that traders use caution on what threatens to force substantial volatility and challenging trading conditions in the days and weeks ahead. |
| USD Searches For Support Ahead Of FOMC, JPY Benefits From BoJ Policy Posted: 15 Jun 2012 08:50 AM PDT The greenback continued to give back the advance from May, with the Dow Jones-FXCM U.S. Dollar Index falling back to a low of 10,083, and the reserve currency may face additional headwinds in the week ahead as market participants look for additional support from the Federal Reserve. |
| Japanese Yen Outperforms Ahead of Greek Votes While Euro Lags Posted: 15 Jun 2012 06:45 AM PDT The Japanese Yen is outperforming its major counterparts midway through the Friday session as investors have shed the US Dollar amid fears of a global coordinated intervention. The intervention would be a ‘DEFCON 1’ event, and with the Euro at the epicenter, it has fallen across the board. |
| Euro Holds Steady Ahead Of Greek Election, Optimism May Fizzle On G20 Posted: 15 Jun 2012 06:30 AM PDT The Euro appears to be holding steady ahead of the Greek elections amid speculation for a global response to the debt crisis, but the relief rally in the single currency may be short-lived as the heightening threat for contagion continues to drag on investor confidence. |
| Guest Commentary: Gold & Silver Daily Outlook 06.15.2012 Posted: 15 Jun 2012 05:36 AM PDT Gold and silver continue to dwindle yesterday as gold price edged down while silver price fell again.On today's agenda: U.S. TIC Long Term Purchases, UoM Consumer Sentiment and ECB President Draghi will give a speech. |
| Crude Oil Gains on Central Bank Stimulus Hopes, Gold Treading Water Posted: 15 Jun 2012 03:38 AM PDT Crude oil is on the upswing amid hopes global central banks will bail out markets if the Greek election spurs a shock. Gold prices are treading water. |
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