After a strong start to the London session, risk appetite speed ebbed away this afternoon. The Chief Cause HAS been a Renewal of Concerns about the European sovereign debt crisis. Although Germany and Portugal managed to hold strong debt auctions today, The Market focus was on Spain and the news
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Thursday saw risk assets ride a much Needed relief rally as a Continuing Stream Of Encouraging U.S. data soothed sentiments. While weekly jobless claims edged higher to 381k vs. expected 375k, Chicago PMI printed better at the 62nd 5 for December vs. EL 61 and the Pending Home Sales jumped +7. 3% in November
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EURUSD: With a Corrective Recovery Attempt failing and turning the pair down to close marginally higher at the end of the week, the risk of a return to the first 2945 level, its December 14 ’ 2011 low is likely be in the new week. On a cut-through That level, the pair Should weak
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EURUSD: With a Corrective Recovery Attempt failing and turning the pair down to close marginally higher at the end of the week, the risk of a return to the first 2945 level, its December 14 ’ 2011 low is likely be in the new week. On a cut-through That level, the pair Should weak
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The USD / CAD showed respectability to the first 0300 Level During a pullback. This price action is Indicative of Further downside risk. The RSI reading in the 1H chart Also Suggests maintenance of bearish momentum. The bearish candlesticks are dominating the bullish ones as well. A test of the first 0210 low ice
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Markets were thrilled by the joint announcement by six of the world’s major central banks to boost liquidity, as well as China’s loose tion of monetary policy last week. DOW jumped from an intraweek low of 11,232 to As High As 12,146 before closing at 12,019, back above 12,000 Market Gain.
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Risk appetite soared today as key central bank acted to Provide liquidity by Lowering Interest rates on U.S. dollar swaps. The Fed, ECB, SNB, BoE, BOC, and the BoJ announced They Will lower the swap rates by 50 bps starting December 5 and Extending swap lines to February 2013th The action was
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Dollar Strengthened across the board last week as risk aversion Dominated the Market on a serious of bad news from Europe, including poor farm auctions, surging yields and downgrades. DOW, FTSE and DAX all suffered sharp selloff And The Developments Turned near-term bearish outlook and raised the prospect of
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Dollar Strengthened across the board last week as risk aversion Dominated the Market on a serious of bad news from Europe, including poor farm auctions, surging yields and downgrades. DOW, FTSE and DAX all suffered sharp selloff And The Developments Turned near-term bearish outlook and raised the prospect of
View full post on Action Forex (ALL)
Dollar Strengthened across the board last week as risk aversion Dominated the Market on a serious of bad news from Europe, including poor farm auctions, surging yields and downgrades. DOW, FTSE and DAX all suffered sharp selloff And The Developments Turned near-term bearish outlook and raised the prospect of
View full post on Action Forex (ALL)