Trade with SpeedTrader for $.39/100 shares. Powerful online trading platform. Free demo and unlimited shares! Fundamental Headlines • EU to Start Rescue Fund Next Month, Press Greece – Bloomberg • Credit Suisse Asked to Hand over U.S. Client Data – Reuters • ECB: Debt Crisis Doesn’t Threaten Euro – WSJ • Greece Expected to...
The greenback was markedly weaker at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDollar) falling 0.38% on the session. Equity markets pared early losses after news that Italian Prime Minister Silvio Berlusconi had offered his resignation fueled optimism that Italy was on the proper path to fiscal...
Dollar Stumble Has as Much Conviction as the SP 500 Advance, Little Euro: Why Would the Italian Prime Minister’s Resignation be Seen as Bullish? Japanese Yen Undermines Ministry of Finance, USDJPY Retracing Intervention British Pound Finding Temporary Relief in Steady Growth Indicators ahead of BoE Swiss Franc Losing Rumor Momentum, SNB Officials Try to...
Markets locked in consolidation; Euro still not going anywhere Berlusconi secures austerity but forced to resign Australia sees better data but Aussie still offered Yen finds renewed bids; Usd/Jpy well supported on dips UK trade data is main economic release in European session Bank of England kicks off 2-day policy meeting Price action over...
Talking Points US Dollar Soars as Markets Rethink Berlusconi Resignation Rally SP 500 Futures Sink, Pointing to Continued Risk Aversion Ahead Ben Bernanke Speech Unlikely to Offer Insight on Policy Outlook The boost to risk appetite following news that Italian Prime Minister Silvio Berlusconi will step down after next week’s austerity vote proved fleeting,...
Major Currencies vs. US Dollar (week-to-date % change) Talking Points EUR: Optimism on Berlusconi Departure May Not Prove Lasting GBP: Bank of England Policy Announcement Likely a Non-Event JPY: Yen Continues to Stand Apart from Larger Market Themes AUD: Unemployment Rate Increase to Bolster RBA Rate Cut Bets CAD, NZD: Risk Trends in Focus,...
Talking Points Crude Oil Sinking as Euro Debt Crisis Sets Off Risk Aversion Anew Gold Looks to Ben Bernanke Speech for Clues on QE3 Possibility WTI Crude Oil (NY Close): $96.80 // +1.28 // +1.34% Crude oil prices are sinking as SP 500 stock index futures point over 2 percent lower ahead of the...