Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
The dollar sold off against the G10 early in the session, with the commodity currencies leading the rally. The EurUsd surged over 200pips trading at the mid 1.41 level, while the UsdJpy gave up most of the prior session’s gains sinking 137pips to […]
USD Extends Rally, US Retail Sales Worse than Expected
USD Extends Rally, US Retail Sales Worse than ExpectedUSD: Higher, supported by a spike in risk aversion as weak US retail sales dampens risk appetiteJPY: Mixed, FT says US could lose AAA debt rating, BBC says opposition party may not buy US treasuriesEUR: Lower, EU industrial output falls at a record pace, ECB may increase […]
Equity Market Contains Asian Rally. Commodity Flat-Line
Equity Market Contains Asian Rally. Commodity Flat-Line
Wall Street:
U.S. equity traders held the flat line at the close of trade after a roller coaster ride lower that maintained prices close to a four month high. The tone was decidedly negative in the morning session, but managed to scrape higher as oil prices closed below the important […]