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US Session: Sterling Suffers On Dollar Rebound
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There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with both European and US indices in negative territory, the USD has been able to make gains across the board. The hardest hit has been GBP which has tumbled over… | ||||||||||||||||||||
Daily Futures Commentary November 20, 2009
Friday, November 20, 2009
Lower global equity markets are helping to push the U.S. Dollar higher as investors shun risky assets for a second consecutive day. Traders began getting nervous earlier in the
week
after Fed Chairman Bernanke mentioned the level of the Dollar in a speech. This was followed by supportive comments from European Central Bank President Trichet who used a speaking opportunity to
announce his agreement with Bernanke and to try to talk up the Dollar.
The recent pace of the decline in the Dollar has been giving traders a clue that sentiment may be shifting. This shift started at about the same…
20Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Forex Commentary for November 20, 2009
November 20, 2009
Euro Traders Sensitive to Efforts to Talk Up Dollar
The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak
U.S.
economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.
The EUR USD traded sharply lower early in the Thursday trading session but managed to erase …
20Nov2009 | Brewer Investment Group | 0 comments | ContinuedEuropean Session: BoJ Holds Rates Steady
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Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 and 1.4940, while spot Gold traded between $1140 and $1147. With no first tier economic releases scheduled today, we don’t expect any one way trade of break out of the monthly ranges. But ranges… | ||||||||||||||||||||
Dollar, Yen Gain on Bleaker Economic Recovery Outlook
Dollar, Yen Gain on Bleaker Economic Recovery Outlook
The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as safe haven currencies.
Economic News
USD – USD Gains on Weak U.S Economic Data
The Dollar gained versus the EUR and other higher yielding currencies on Thursday following the release of weak U.S. economic data and a steep drop in global equities. The Dollar index rose to 75.3108 from 75.108 late Wednesday.…
20Nov2009 | ForexYard | 0 comments | ContinuedDollars Always Come Home
Asia is the focus this week as President Obama toured the region and met with various leaders. He spent a considerable amount of time in Beijing. This should surprise no one, given the ever-closer connection between China and the United States, financially and otherwise. Cynics portray the trip as Obama going hat-in-hand to beg for the Chinese to keep financing the U.S. federal deficit. There is some element of truth to this, but it is also true that the relationship goes both ways. The Chinese need us, too. Their entire economy revolves around exports to the West; this is why…
20Nov2009 | Invest With An Edge | 0 comments | ContinuedJay Norris Video Commentary November 19, 2009
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at
312-896-3986.
Click on the link below to view today’s charts and hear Jay’s analysis.
http://www.screencast.com/t/NjhhNWIy
19Nov2009 | Brewer Investment Group | 0 comments | ContinuedUS Session: Dollar Gains On Equity Losses But Remains In Ranges
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The USD has remained bid throughout the day as poor equity market performances have moderated risk appetite. Commodities including gold and silver have retraced markedly from their highs, with gold dipping as low as $1133.16 from yesterday’s $1153 levels, and oil slipping 2.5% to trade at $77.50. The strength of the USD in today’s session has ensured that EURUSD remains comfortably within its… | ||||||||||||||||||||
Daily Futures Commentary November 19, 2009
Thursday, November 19, 2009
The U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese Yen. Easing in equity, gold and crude oil prices is sending a
signal
to
traders to lighten up positions and book profits after the recent decline in the Dollar. The inability to accelerate the Dollar to the downside is also contributing to the rally. Shorts seem to
have
pulled offers after the down side momentum started to flatten out.
The December Euro failed to take out $1.5000 which came as a surprise to traders. Yesterday’s rally in the Euro following comments from Luxembourg’s Juncker should…
19Nov2009 | Brewer Investment Group | 0 comments | ContinuedEuropean Session: Fed Rhetoric Continues To Stir Up Markets
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Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets put in a rather mediocre performance on the… | ||||||||||||||||||||
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