Economic Fundamentals Crumble Globally Markets Take Their Own Course
Economic Fundamentals Crumble Globally Markets Take Their Own Course
Dollar weakness continues against most of the majors after yesterday’s sharp losses. The EurUsd gained 82pips to the low 1.30 price area, while the UsdJpy dropped 126pips to 96. The GbpUsd built strong momentum to the upside as the pair increased 100 pips approaching 1.53. Equities opened […]
US Dollar: Will Risk Aversion Fade Long Enough To Let Bearish US Data Take Its Toll?
US Dollar: Will Risk Aversion Fade Long Enough To Let Bearish US Data Take Its Toll?
The release of dismal US consumer confidence at 10:00 ET has sent the US dollar higher versus most of the majors, as the markets continue to seek traditional “safe-haven” assets. Will this move continue throughout the day?
The US dollar, a […]
Historic Relief Rally Brings Hope
Historic Relief Rally Brings Hope
U.S. Dollar Trading (USD) gave up gains against all except the yen as worlds stocks surged on bargain hunting. CB Consumer Confidence Plummeted but that was ignored as the rally that began in Asia spread to the Europe and then the US. Expectations of a Fed Rate Cut were combined with […]