US Dollar Could Fall Further on Debt Ceiling Impasse, Nonfarm Payrolls Euro’s Sovereign Debt Crisis Simmering Behind US Deficit Headlines Japanese Yen to Consolidate as Speculation for Intervention Resurface British Pound Hinges on Commentary Following Rate Decision Canadian Dollar To Rally On Higher Employment, Business Spending New Zealand Dollar Rally Threatened By Slowing Employment Gold [...]
-Euro’s Sovereign Debt Crisis Simmering Behind US Deficit Headlines -Japanese Yen to Consolidate as Speculation for Intervention Resurface -British Pound Hinges on Commentary Following Rate Decision -Canadian Dollar To Rally On Higher Employment, Business Spending -Australian Dollar to Fall as Sentiment Sours, Rates Outlook Fades -New Zealand Dollar Rally Threatened By Slowing Employment -Gold Likely [...]
The dollar and underlying risk trends ended the week under extraordinary duress – as they should. The deficit impasse that the markets have been ringing their hands over for the past few weeks is now heading into the final stretch with two days of market down-time to shorten the trading calendar.
-US Dollar Could Fall Further on Debt Ceiling Impasse, Nonfarm Payrolls -Euro’s Sovereign Debt Crisis Simmering Behind US Deficit Headlines -Japanese Yen to Consolidate as Speculation for Intervention Resurface -British Pound Hinges on Commentary Following Rate Decision -Canadian Dollar To Rally On Higher Employment, Business Spending -Australian Dollar to Fall as Sentiment Sours, Rates Outlook [...]
As noted last week by Currency Analyst David Song, “the short-term correction in gold is likely to be short-lived, and the bullion should resume its upward trend as prices end the week above $1600 per ounce. In turn, buying dips may turn out to be a favorable strategy amongst market participants, and we are likely [...]
The yen advanced more than 1.8% against the greenback this week as traders sought refuge amid mounting concerns that the US may default for the first time in the nation’s history. Further supporting the yen was economic data out of Japan, highlighted by stronger than expected retail trade report, small business confidence data, housing starts, [...]
The Dow Jones Industrial Average fell 4.2 percent and the Dow Jones FXCM Dollar Index shed 1.2 percent on a tense week for financial markets as the August 2 US Debt ceiling deadline looms large. Traders continue to show real fear that the US Congress and President could fail to pass an extension of the [...]
The Dow Jones Industrial Average fell 4.2 percent and the Dow Jones FXCM Dollar Index shed 1.2 percent on a tense week for financial markets as the August 2 US Debt ceiling deadline looms large. Traders continue to show real fear that the US Congress and President could fail to pass an extension of the [...]
A dramatic close into the weekend reflects the heavy round of fundamental risk and volatility we can expect over the coming week. With the deficit deadline, ECB rate decision and NFPs on tap; this will be a trading week to remember.
