An unexpected improvement in Euro Zone economies during the second quarter is helping to firm up the currency markets and trigger more demand for risky assets this morning. Overnight it was reported that surprise growth in...
Read MoreThe U.S. Dollar traded mixed overnight in light trading ahead of today’s FOMC announcement. Traders are looking for the Fed to leave interest rates unchanged and to let the asset-buyback program conclude in September...
Read MoreThe U.S. Dollar is trading lower overnight following a strong three-day rally. Weakness was anticipated to begin because of position squaring as the Fed begins its two day Federal Open Market Committee Meeting.On Wednesday...
Read MoreSince March 2009, the foreign currency markets have been driven by rising investor appetite for higher risk assets. On Friday, however, the stock market broke its correlation with the Dollar which could be a sign that...
Read MoreThe U.S. Dollar is trading better ahead of this morning’s U.S. Non-Farm Payrolls Report. Pre-market estimates are for the unemployment rate to climb to its highest level since 1983. The preliminary guess is...
Read MoreSeptember British Pound futures are trading sharply lower following a surprise announcement by the Bank of England to boost asset purchases by 50 billion pounds.This move was unexpected by both analysts and traders and it...
Read MoreBetter than expected overnight reports out of the United Kingdom should solidify speculation that the Bank of England is prepared to temporarily end its asset buyback program. Overnight it was reported that U.K. industrial...
Read MoreOvernight action indicates a slight reversal in yesterday’s direction. Although it is too early to represent a change in trend to down or even an indication of a serious top, equity, currency, and commodity markets are...
Read MoreWhoever said “the trend is your friend” must have had the current equity markets in mind. Recently, analysts have called the stock market “overbought,” “too far ahead of itself” and “due...
Read MoreStock Index futures are pointing higher this morning as speculators brace for the U.S. Gross Domestic Product Report which is expected to show that the recession eased during the second quarter. Today’s report is expected...
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