Silver Gold Bull - Your Trusted Bullion Dealer The greenback was markedly lower for the 6th consecutive day with the Dow Jones FXCM Dollar Index (Ticker: USDollar) plummeting 0.93% on the session. The losses were suffered despite declines in equities which saw the Dow, the SP 500, and the NASDAQ off 0.73%, 0.41%, and...
The GBP/CHF has maintained a well defined descending channel formation since the start of April as haven flows continued to support the franc. This pair was the topic of a scalp report last week where we attempted to fade the rally off of trendline resistance. The trade played out exceptionally well as the pound...
Talking Points U.S. Dollar: Consumer Confidence, New Home Sales On Tap Euro: Breaks Above 78.6% Fib, ECB Sees Slowing Recovery British Pound: U.K. GDP, Service-Based Activity Expand Ongoing fears surrounding the U.S. debt ceiling weighed on the greenback throughout the overnight trade, but the greenback may regain its footing during the North American session...
Market News Headlines NZD/USD: Trading the Reserve Bank of New Zealand Interest Rate Decision U.S. Dollar Index Threatens Trend, AUD Eyes Record-High Guest Commentary: Oil Daily Outlook 07.26.2011
The U.S. Dollar was offered lower across the major currencies in the Asian and European sessions as it remains abundantly clear that neither Democrats nor Republicans are willing to give way from their political ideologies, pushing the world’s largest economy closer to the brink of default. The repercussions would be immense, as President Barack...
Oil Daily Outlook July 26 Oil prices continue to zigzag as they did in the past couple of weeks. Today, the U.S. consumer confidence report will be published along with the U.S. new home sales. Here’s a short analysis and outlook of the crude oil market for today, July 26th: Oil prices – July...
DJ FXCM Dollar Index The Dow Jones-FXCM U.S. Dollar index extended the sharp reversal from earlier this month (9661.96), but we should see a correction over the next 24-hours of trading as price action approaches the lower bounds of the downward trending channel. The USD is 0.77% lower on the day after moving 137%...