And yes we’re still talking about the dollar…
From our friends at dailyfx.com
The US Dollar finished the week higher against the Euro and other key counterparts, but a sharply disappointing Nonfarm Payrolls report nearly derailed the nascent Greenback recovery through Friday’s close. The trade-weighted US Dollar Index hit fresh monthly highs near 77.50 just ahead of the release. Immediate declines in the US [...]
Can we get a rise out of the dollar? We’ll see…
From our friends at Dailyfx.com
The US dollar ended the past week marginally higher after the Federal Reserve issued a more optimistic outlook on the economy. In the coming week, though, there will be a variety of growth indicators on hand that may help to signal whether the US recession really ended in Q2. That said, [...]
Stop dropping those shoes…
For awhile now i’ve been mentioning my thoughts on U.S and the China issue. But let start with last weeks dollar beating.
The dollar last week was clobbered and fell to its lowest level since September 2008. Through out the week if you watched the correlates between the dollar and the U.S. equity markets, you would [...]
The gold trade…
The U.S. dollar fell to a near one-year low against a basket of major currencies, continuing its steep drop from yesterday, as higher equities around the world bolstered risk appetite. In the short -term, the U.S. dollar direction will likely affect the overall direction of the gold trade. As more concerns are expressed about the [...]
Insightful commentary…
Market Directions- From our friends at FXsol.com
The Koan of Yen–Safe Haven and the Japanese Economy
One of the most surprising developments of the financial crisis and recession has been the continued strength of the Japanese Yen.
The return of relative stability to the world financial system has not prevented the yen from retaining the majority of its [...]
Data, Data, and more Data…Makes you wonder doesn’t it…?
Insightful as usual from our friends ay SaxoBank
Market Comments:
With the market’s reaction to the stellar Goldman Sachs earnings release seemingly subdued, it took another upbeat release, and projection, from Intel after the bell to set the “risk on” ball rolling again. Intel beat analysts’ earnings forecasts for Q2 and presented an above consensus sales guidance [...]
Traders are losing it these days…
All I have to say is that traders these days just need to settle down, regain there focus and get right back to basics. And i’m referring to position and swing traders alike. Oh what am I talking about, you can’t forget us daytraders. Many of my trader friends are taking the markets to seriously. [...]
Quick thoughts on Mr.G in China…
Ok, so it is pretty obvious that that nobody wants to hold dollars. Investors are worried about the U.S. credit rating and how secure their dollar denominated investments are. The key investor of course being China. So what do we do? Simple, send our treasury secretary abroad to reassure them. The only problem I wonder [...]
Welcome back folks…
Alright everyone. I am sure that most folks had a great weekend. Hopefully your brain cells and liver survived all the fun and barbeque’s. Now back to business. What a difference a weekend makes. We have North Korea testing missiles, word around the grill has been about the U.S. losing it’s AAA credit rating, you [...]
Early U.K. outlook…
GBP/USD is stuck in a tight range from 1.5514 to 1.5450 and may prove to be a continuation play from yesterday’s early U.K. session rally.
The yen crosses are seeing some upside movement at the moment, with most pairs bouncing off of support levels. Counter trend longs also remain in play as well.
Fundamentals to look out [...]
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