Euro Gains on Geopolitics & USD Strains
Euro Gains on Geopolitics & USD Strains
Euro strength and dollar weakness further emerge in thin trading activity as geopolitical uncertainty creeps higher (Israel-Hamas & India-Pakistan), giving gold a $13 boost to a 10-week high of $890/oz and more than a $5 rise to crude oil at $42.17 /barrel. The escalating violence between Israel and Hamas […]
Euro Gives Up Earlier Gains, Yen Down on Trade Data, Pound Pressured
Euro Gives Up Earlier Gains, Yen Down on Trade Data, Pound Pressured
JPN Trade Balance Shows Record Fall for Exports
Exports were down 26.7% compared to a year earlier, which was the worst year-over-year change on record. The export sector is being pressured by collapsing demand for Japanese cars and electronics as consumers in America and even […]
Big Dollar Gains As Oil Crumbles
Big Dollar Gains As Oil Crumbles
U.S. Dollar Trading (USD) staged a major comeback after being sold for 5 straight days, making solid gains against all majors. Stocks slumped on Auto concerns and Oil also slumped to $36 a barrel on slumping demand. Weekly Jobless claims were better than expected at 543K vs. 558K forecast. The […]