USD
Dollar down as Greek talks fail
…meaning the country is headed for fresh elections next month. At 0630 AEST the Australian dollar was trading at 99.25 US cents, down from 100.02 US cents yesterday afternoon. The currency spent most of yesterday below parity with its US counterpart after first…
NewsWatch: U.S. stocks decline as dollar rises
…from the casinos of Wall Street, writes David Weidner.. See full story. MARKETWATCH PERSONAL FINANCE Home prices in a majority of the markets covered in Zillow’s Home Value Forecast are set to bottom this year — if they haven’t already, according to a Zillow…
Currency Markets: US Dollar Index Breaks Above March Highs, Continues Higher
…that has held up relatively well (compared to the Australian dollar and the New Zealand dollar), and I think it might be providing a nice opportunity to add short exposure as it could start to catch up with the other commodity currencies on the downside. Notice…
Pimco’s El-Erian: Dollar To Be Main Winner Of Flight For Safety
…the latest confirmation of a shift, at least for now, toward a more bullish stance on the dollar, whose fate has been subjected to heated debate among investors and analysts. The currency rallied broadly Tuesday as fears over the euro zone’s debt crisis drove…
Stocks Dive, Dollar Rises Heading Into Close
…the currency’s safe-haven status at a time when eurozone jitters are ramping higher. The U.S. dollar index, which measures the greenback against a basked of six other currencies, has risen for a 12th straight day.
The dollar rose on fears of aggravating the situation in Europe
…and fell to a minimum of previous week Y79.67 zone in early European session. Australian dollar: The news that the People’s Bank of China has reduced the reserve requirement for commercial banks by 50 basis points had a negative impact on the currency pushing…
Brazil Real Trades at Almost 2 Per Dollar on Rousseff’s Comment
…biggest loser among the 16 most-traded counterparts tracked by Bloomberg. “What’s driving the currency market is the external environment, but there is also the will of the government that creates an expectation of depreciation,” Deives Ribeiro, the head of…
USD Remains Strong despite March Business Inventories Grew Less than Expected
…Inventories Grew 0.3% in March> Wholesale and Retail Stockpiles was Built at Slower Pace> USD Remains Strong vs. Major Currencies The U.S. companies continued to restock for the fifth consecutive months in March, though the pace of inventory rebuilding slowed…
AIG Could Announce Multi-Billion Dollar Buyback In Q3
…poised to repurchase $14-20 billion worth of its stock as early as the middle of 3Q12,” Deutsche Bank analyst Joshua Shanker wrote in a note to clients. Meanwhile, the Treasury’s recent sale of AIG stock is a preview of a much larger deal to come. The U.S….
Canada Dollar Pares Gains After Greece Raises Risk Aversion (Update 1)
…“The global risk sentiment will catch up with the loonie if things get worse, but long term the currency will hold in.” The Canadian dollar rose 0.08 percent to C$1.0027 at 10:04 a.m. in Toronto, paring its loss this month to 1.6 percent. One Canadian dollar…
Oil And USD: Positive Relationship In The Long Run?
…USD is benefitting from safe haven flows once again as a lower RRR (required reserve ratio) in China and renewed political uncertainties in Europe are forcing investors into “risk-off” mode. Could this move also be driven by fundamental factors? It has been…
EUR/USD Performance Chart as at 1:00p.m. Singapore time, 15/05/2012
…in the first place. Until there is some more clarification around Greece’s political and financial outlook, we can expect the euro to remain under pressure. Having ended yesterday’s Australian session around the 1.2890 level, the euro drifted to close US trade…
EUR/USD Performance Chart as at 1:00p.m. Singapore time, 15/05/2012
…in the first place. Until there is some more clarification around Greece’s political and financial outlook, we can expect the euro to remain under pressure. Having ended yesterday’s Australian session around the 1.2890 level, the euro drifted to close US trade…
GBP/USD Approaching Key Support Area Ahead of the Quarterly BoE Inflation Report
Forex Technical Update Previous: GBP/USD Staying Resilient in a Risk Averse Environment (5/14) GBP/USD 1H Chart 5/15/2012 9:37AM EDT The fell over the 5/15 Asian-European session, and continued to slide in early US session.The 1H chart shows the pair tagging the lower bollinger band which is 3 standard deviations from the 200 simple moving average here. The ability to do that and stay below the 200SMA is a reflection of a bearish mode. Similarly, the RSI holding below 60, and tagging 30 is a sign of a bearish market. In the very short-term though, tagging the lower BB and having the RSI reading fall below 30 are signs of oversold market (in intraday sense).
Euro Attempting to Recover on Technical Bounce and Solid Data
By Joel Kruger, Technical Strategist for DailyFX.com Risk correlated assets finally finding some support Moves classified as corrective consolidation at this point Solid Eurozone data and positive news out of Greece help to inspire bids Technical studies also warn of additional Euro gains before resumption of downtrend German GDP strong, French and Eurozone weaker German [...]
EUR/USD – Where Might Unwinding Meet Selling Again?
Forex Technical Update Previous: EUR/USD Edges Below 1.29 as Eurozone Bankers Brace for Greek Exit (5/14) EUR/USD 1H chart 5/15/2012 7:48AM EDT After a 2-week tumble from about 1.3280 to 1.2810 , the EUR/USD started to stall against this trend in the 5/15 European session. The Euro Area avoided a recession in Q1 on the back of positive German GDP data. In my opinion, the data is not that great at all, but risk sentiment have been stretched and this data did not stoke a panic. The pullback might not have much juice unless EU finance officials coming out of the Brussels meeting give the markets confidence and hope that Greece will stay in the Eurozone and countries like France won’t renege on their austerity measures “forced” upon French citizens as a condition of the bailouts received.
Dollar back below parity
…noon the Australian dollar was trading at 99.71 US cents, down from 100.08 US cents last night. CMC Markets chief market strategist Michael McCarthy said concerns about Greece, where attempts to form a coalition government in the wake of recent elections are…
Again, Naira Weakens on Increased Dollar Demand
…the short term, but not reverse it,” RenCap added. Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, argued that reduced demand for the dollar, has continued to support the build-up of the external reserves….
Climbing U.S. Dollar’s Potential Impact on Commodities
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Gold loses year’s gains as Europe crisis boosts dollar
…and cut gold’s appeal as an alternative asset. Other precious metals declined.”It’s all dollar driven,” Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance in Geneva, said. “The market is under tremendous pressure with talk of Greece…
