Japanese Yen Sold as China Premier Wen Stokes Stimulus Hopes
The Japanese Yen fell amid waning haven demand after Chinese Premier Wen Jiaobao hinted Beijing may introduce new stimulus measures, boosting risk appetite.
Markets in Need of Reassuring, Risk Positive News; Technicals Oversold
Although we have seen a bit of a bounce in risk correlated markets, there is still no fundamental catalyst to speak of that would encourage such a bounce….
US Dollar Chart Setup Warns of Pullback Before Rally Resumes
US Dollar technical positioning warns that the greenback may correct lower before resuming the sharp advance beginning in late April.
Forex Weekly Trading Forecast – 05.21.2012
First we have seen the critical breaks towards risk aversion. Then we saw the emergence of momentum behind the deleveraging. Will we graduate to the next phase: panic?
Euro: Buying Time May Not Work This Time as Crisis Intensifies
There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece.
US Dollar Makes a Break to 16-Month Highs as Fear Creeps In
Though the benchmark currency eased back into the final 48 hours of this past trading week, the dollar nevertheless posted another impressive run through the entire period.
Dollar Stumbles but Doesnt Break Trend Into Week End
The Dow Jones FXCM Dollar Index put in for its first two-day bearish performance in three weeks Thursday and Friday, but this was more a technical development than a trend change.
