Talking Points Crude Oil Set to Follow SP 500 Lower as EU Debt Woes Hit Italy Gold Outlook Rests on US Dollar Performance, Tone of Fed-Speak WTI Crude Oil (NY Close): $94.26 // +0.19 // +0.20% SP 500 stock index futures are pointing aggressively lower, down over 1 percent ahead of the opening bell...
Talking Points Euro: EU Meeting In Brussels Comes Into Focus British Pound: Maintains Range, Poised To Trend Sideways Ahead Of BoE U.S. Dollar: Risk Sentiment To Drive Prices On Light Economic Calendar Euro: EU Meeting In Brussels Comes Into Focus, IMF To Lower Growth Forecast Hopes surrounding the EU meeting in Brussels helped the...
Fundamental Headlines • Capital Spending in U.S. Nears 2008 Level – Bloomberg • Germany: Greece Must Reform or Quit Euro, No Third Way – Reuters • Papademos Front-Runner to be New Greek PM – Reuters • Berlusconi’s Future Hangs in the Air – WSJ • Old Debts Dog Europe’s Banks – WSJ European Session...
DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX+ System Trading Signals –A week of choppy volatility made for a tough week of trading for several of our strategies, most prominently the Breakout Opportunities system. Said strategy was heavily long the Japanese Yen and got taken out by the Bank of Japan/Ministry of...
Oil Prices – Daily Outlook November 7 Oil prices curbed their rally during last week after they had sharply inclined during October. Today, the German Industrial Production will be published, and the Australian Trade balance report. On Friday, November 4th oil price (WTI) slightly rose by 0.20% to $94.26/b; Brent also inclined by 1.38%...
DJ FXCM Dollar Index The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.08 percent higher from the open after moving 65 percent of its average true range, and the reserve currency may make another run at 9,800 as the 30-minute relative strength index bounces back from a low of 36. As the International...
Global Re-Easing Spyros Andreopoulos Manoj Pradhan, Morgan Stanley The ABCD of global re-easing: Global re-easing is underway as the global central bank reacts to the risk of recession in the major economies. The central banks of Australia and Romania became the latest to cut policy rates this week, joining the central banks of Switzerland,...
