Increased market volatility is on today’s forecast with a significant news day ahead. Most importantly, the US economy will be publishing a string of reports concerning producer inflation (PPI), unemployment claims, retail sales, and crude oil inventories....
Federal Reserve Board Chairman Ben Bernanke will be testifying before the House Financial Services Committee in Washington, D.C. at 15:00 GMT today. His remarks tend to generate significant volatility in the forex market as they may hint...
The price of precious metals like Gold, Silver, and Platinum found support this past week despite the rising strength of the US dollar, the currency in which such assets are valued.
An uptick in US private sector employment yesterday, reported by ADP, added to the risk-taking sentiment by most investors which came as a result of a rate hike in Europe. Should today’s Non-Farm Payroll (NFP) data continue...
With interest rate decisions on tap today, many investors appear weary of taking on risk. Should the ECB lift rates today, as is expected, there is potential for the EUR to see a sharp downturn as investors...
The steady, and dovish, monetary policy of the Reserve Bank of Australia (RBA) served the Aussie with little support in this week’s market as most participants await news from China and New Zealand to determine the direction...
The US dollar is stronger against the majors in the Asian trading session as the shortened week will be critical for the continuation of the “risk-on” mode that was sparked last week by the passage of the...
Last week’s improvement in risk sentiment was noticeable with the passage of the Greek austerity measures along with encouraging Chicago PMI and Manufacturing ISM data from the US. However, global manufacturing data was weaker in the UK,...
The EUR/USD was seen moving towards a three week high of 1.4570 yesterday after bullish economic reports pushed many investors away from the safe-haven greenback. Yesterday’s bullish PMI data from Chicago helped add to the trend of...
With the parliament in Greece voting in favor of the austerity budget yesterday, most traders began to shift their portfolios to higher yielding assets in expectation of smoother sailing for the region, at least for a while.
