The US dollar rallied in the New York session to close higher versus the majors while dragging down the price of commodities. An agreement between President Obama and Republican congressman to extend Bush era tax cuts spurred...
The main concern in Europe lately has been the possible spread of the debt contagion which was meant to be contained by the financial bailout of Ireland. These debt concerns appear to have not yet subsided and...
Last week’s session ended with a rather disappointing U.S. Non-Farm Payrolls data as payrolls increased by merely 43,000 in November. As a result, the Japanese yen, and commodities such as gold and crude oil, have rallied. The...
With euro-zone debt crisis showing signs of stabilization, at least in the short term, eyes are again turning to the U.S and any economic data publications from the region that might give clues to the pace of...
Strong private payroll numbers boosted equities today as well as higher yielding assets such as the Aussie dollar and crude oil. The dollar and the yen sold off sharply while the euro rose versus the greenback for...
The euro continued to weaken on all fronts during yesterday’s trading session amid concerns that Portugal and even Spain will eventually seek financial rescue as well. This has also boosted risk-aversion, and supported demand for safe-haven assets...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than other currencies in times...
The euro zone continues to face debt concerns resulting in mass buy-ins for USD safe-haven positions against its European counterparts. The EUR/USD was down from a weekly high of 1.3790 to close Friday at 1.3241. The combination...
A potential bearish chart pattern signals a drop in the price of gold.
Britain and Japan appear to be releasing the bulk of today’s news as today is Thanksgiving Day in the U.S, and there is no economic data releases from the region today, which means we may see a...
