SubscribeAll Posts Tagged With: "Euro"
Risk Aversion Returns To The Market Place
The dollar rallied against most of the majors with the exception of the yen. The EurUsd dropped 108pips to the mid range of 1.33, while the UsdJpy declined 112pips to the low 89 price area. The GbpUsd dropped substantially, down roughly 350pips finding support at 1.48. Equity markets moved south on rising volatility and uncertainty regarding the financial markets. The Dow was off 1.46% or 125pts and the SPX dropped 2.26% or 20pts which was consistent with price behavior in other asset classes. Bond buyers were back in full swing, purchasing UST as all parts of the curve driving in…
13Jan2009 | Advanced Currency Markets | 0 comments | ContinuedUS SESSION: DOLLAR SLAMMED FOLLOWING FOMC RATE ANNOUNCEMENT
Prices in the FX market continue to experience a strong correction putting a cease to the recent trend of dollar strength. The EurUsd surged over 350pips to the mid range of 1.40, while the UsdJpy dropped 170pips to the high 88 price area. The GbpUsd rallied 260pips to the high 1.55 level, following the trend of dollar selling. Equity markets were positive in the US and Europe, with the Dow up 4.2% or 359pts and the SPX back above 900 on a 5% gain. Interest rates remain the cornerstone of the market with the squeeze in treasuries pushing yields to…
16Dec2008 | Advanced Currency Markets | 0 comments | ContinuedUS SESSION: SELLERS CONTINUE TO DRIVE MARKETS SOUTH JPY STRENGTHENS
The dollar seems to be breaking away from the risk aversion trade which has been the persistent theme in the marketplace. The EurUsd rose nearly 130 pips to the low range of 1.26, while the UsdJpy moved 50 pips to the downside trading at the mid 96 price area. The GbpUsd rallied over 300pips to the low 1.50 level, recovering some of last week’s losses. Equity markets opened lower in the US with the Dow down 1.2% or 100pts, the European stock indexes are negative as well with the DAX off 2.1% or 100pts in intraday trading. Bond yields are…
17Nov2008 | Advanced Currency Markets | Comments Off | ContinuedYen Recovers Losses Against Majors
(RTTNews) – The Japanese currency recovered from last session’s losses against its major counterparts during New York morning trading on Monday. After ticking down to new multi-day lows in European deals, the yen showed some strength against major opponents in morning session today.
After edging down to 5-day lows of 99.49 against the US dollar and 84.95 versus the Swiss franc at around 5:45 am ET, the yen gained ground in New York morning deals today. At 11:00 am ET, the yen advanced to 98.37 against the greenback and 83.66 versus the franc.
The yen also strengthened against the euro from…
10Nov2008 | INO | Comments Off | ContinuedThe Euro Collapses, Just As The Candlesticks Said It Would
It was written in the Bars, and we know the culprits: Double Tops and Candlesticks. Over the past 14 weeks, the Euro has declined from a high of $1.6038 on July 18 to $1.3000 as of this writing on the evening of October 21, 2008. If this continues, quite soon it might be within the realm of reason to consider a vacation trip to Europe again. There are many reasons for the falloff, some of which, at least, are related to the European banks’ difficulties and the collapse of the housing market in several European countries.
All looked well for…
22Oct2008 | William Kurtz | Comments Off | ContinuedEuro Shows Its Real Colors
If you would have told the "economists/analysts" on CNBC or Bloomberg six months ago that the next interest rate move by the Fed would be down, you would have most likely been laughed at. You see, market capitulation in any market is often relative. For many, just when you feel comfortable with a trading range, or trend, it changes. When we slashed rates down to 2%, many individuals (even the doves), said that’s more than enough.
A couple bank failures, takeovers, bankruptcies, and bail out later and the markets were screaming for a rate cut. This time it was a…
9Oct2008 | Oxbury Research | Comments Off | ContinuedIs The Grass Greener in Europe?
How the Euro Economy Compares to the U.S.A.
A quick look at international headlines will tell you that Europe suffers from economic problems too. Falling exports and lower household spending has caused the eurozone economy to shrink over the past six months, with rising fuel and food prices making consumers reluctant to open their wallets.
No one is yet declaring Europe to be in recession (at least, not openly!) but growth is not likely to be impressive with Germany, France and Italy braking sharply. In fact Germany, the EU’s largest economy and the world’s biggest exporter, contracted by 0.5% in the three…
9Sep2008 | Oxbury Research | Comments Off | ContinuedGold and Oil Prices
Correcting Gold and Oil
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was in the $140s, I said — in both print and broadcast interviews — that oil prices were running up too far, too fast. I predicted that oil prices would decline to $100-110, based on the fundamentals. Well, we’ve seen the decline and we’re almost there.
High oil prices…
21Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedThe Gold and Oil Correction
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was in the $140s, I said — in both print and broadcast interviews — that oil prices were running up too far, too fast. I predicted that oil prices would decline to $100-110, based on the fundamentals. Well, we’ve seen the decline and we’re almost there.
High oil prices have caused big…
15Aug2008 | Energy and Oil | Comments Off | ContinuedTurbulence in the European Economy Sparks a Dollar Rally
The U.S. greenback surged Friday, capping off the biggest weekly dollar rally in three and a half years, as the euro slumped on speculation the European economy would continue to weaken.
The euro fell as low as $1.5008 Friday afternoon, dropping more than 2% from $1.5325 Thursday – the biggest one-day drop since Sept. 6, 2000. Against the yen, the European currency traded at 165.84, from 167.70. In the dollar rally, the euro has declined 3.1% against the greenback in its fourth weekly decline.
In addition to rising against the euro, the greenback climbed 0.5% to 109.97 yen after touching 110.08, the…
11Aug2008 | Money Morning | Comments Off | Continued
Loading ...
