USD/JPY Edges Higher With Stock Futures as White House Announces $17.4B Auto Bailout
USD/JPY Edges Higher With Stock Futures as White House Announces $17.4B Auto Bailout
USD/JPY has edged higher throughout the morning after hitting an intraday low of 88.42, and the White House’s announcement of a $17.4 billion bailout for the auto industry bodes well for the pair, especially as US stock market futures have climbed into positive […]
Stocks Mixed As Oil Slides/Dollar Higher
Stocks Mixed As Oil Slides/Dollar Higher
U.S. equity markets were mixed on Thursday morning as crude oil futures slid below $40 per barrel and the dollar gained against most major currencies as the commodity fell.
Earlier economic reports showed that new claims for unemployment remained near 26-year lows, manufacturing in the Philadelphia region remained weak and that […]
The Dollar Seen Higher At The Sunday Open
The Dollar Seen Higher At The Sunday Open
Overall, the majors moved lower in the Asian session, as the market continues to trade in a risk aversion mode. Ahead, the release calendar is busy for both the European and U.S. sessions, assuring the market will have an upright momentum some time later in the day.
The Euro […]