Forex Area
Trade Desks Looking Forward: Dollar Strength?
Trade Desks Looking Forward: Dollar Strength?
Australia releases Home Sales data at 21:30 EDT, and as a red flag release may impact not only the value of Aud/Usd but the major pairs as well. The reason that may be a bigger impact than usual is that the week is very light on economic data, and does […]
Banking Fears Unsettle Euro
Banking Fears Unsettle Euro
There has been a potentially important shift in market sentiment, at least in the short term, with the US currency gaining support from more favourable US economic data. In part, this reflects the fact that the US currency has gained support from higher yields and improving yield spreads. There will still be […]
Ireland Downgrade Rocks Euro
Ireland Downgrade Rocks Euro
U.S. Dollar Trading (USD) continued where it left off on Friday and gained heavily against most currencies. Stocks were mixed, as were metals with Oil bouncy but copper struggling under heaving profit taking. Markets were quieter than usual with Australia away during the Asian session. Crude Oil finished down -$0.38 at $68.05. […]