Market Outlook
FOREX: Currency Markets Seesaw with Uneven Risk Appetite Trends
Currency markets mirrored indecisive risk appetite as speculation about more Federal Reserve stimulus began before a key Ben Bernanke speech on Friday.
Risk Correlated Assets at Risk for Fresh Drop on Discouraging Weekend News
A combination of downbeat comments from various Eurozone officials and rising geopolitical tensions have contributed to the latest wave of risk selling in the early week.…
Despite U.S. Dollar Weakness in Overnight, S&P 500 Futures Point Lower
The U.S. Dollar was the weakest performing major currency in the overnight, as absence of Swiss interference coupled with global growth concerns renews demand for the European safe haven currency.
Crude Oil Suffers with Stocks, Gold Hits Record High on Risk Aversion
Crude oil prices continue to be pressured lower as confidence evaporates across financial markets while gold is riding safe-haven capital flows to new record highs.
Markets Hit by European Banking Woes and Softer US Economic Data
The latest pullback in risk once again has investors fearing the worst case scenario and rushing for the exits.…
Dollar Advances First Time in 6 Days as Euro Crisis Fears Spread
Risk appetite collapses and the dollar puts in for its first advance in six active trading sessions. A coincidence? Absolutely not.
Commodity Currencies, DJIA Tank as Uncertainty Reemerges
Global equity markets and commodity currencies alike experienced significant losses on Thursday, with banking shares and the Australian Dollar suffering the most.
Forex: USD Rebound To Gather Pace, Euro Outlook Remains Bearish
Market participants showed a mixed reaction to the slew of data coming out of the world’s largest economy, but the shift in risk-taking behavior should help to prop up the reserve currency as it benefits from safe-haven flows.
Crude Oil to Follow S&P 500 Lower, Gold Threatens Record High
Crude oil prices are set to follow the S&P 500 lower as risk aversion grips markets anew while safe-haven demand promises another record high for gold.
FOREX: US Dollar Aims Higher as Global Slowdown Fears Return
The US Dollar is poised to advance as fears of a slowing global recovery reemerge, sinking risk appetite and boosting safe-haven demand for the benchmark currency.
Currencies Still Confined to Broader Ranges Despite Latest Rallies
Although the gains in the Euro back above 1.4500 have been impressive, this doesn’t really change the overall outlook which still translates into a resumption of USD buying…
Dollar Unfazed by Hawkish Fed Chatter, S&P Growth and Market Warning
If you were following standard fundamental lines Wednesday, it was a confusing trading session. Headlines and data from the US, Euro-area, Switzerland, the UK and others would have led us to expect directionality and more importantly a greater degree of volatility. Neither of these expectations would be met however.
Greenback Finds Mild Bids on Renewed Safe Haven Buying
Much softer German growth data and a disappointing Merkel-Sarkozy meeting have been the primary drivers of the latest price action with flight to safety trade returning…
Dollar Little Moved as Traders Ignore Risk, Liquidity and Data
Volatility and fundamental conviction continues to deteriorate. Interestingly, the greenback is settling back alongside its more risk-sensitive counterparts. This is actually a positive for the dollar. It’s worth mentioning that an indirect contribution to the dollar’s value is the fact that the slide in interest rate expectations for its largest counterparts is countered by the yield for the US which has little room to fall further.
EUR/NZD Bearish Pattern Puts Long Range Scalp Into Play
Although current market volatility is unfavorable for scalp setups in most currency pairs, the EUR/NZD offers medium-term scalps as the pair continues to consolidate within a descending triangle formation.
Risk Firmly ’Off’ as Aussie Slides, Franc Reverses Losses
Following a dovish Reserve Bank of Australia summary of their August 2 meeting, which already placed downside pressures on risk, data out of the Euro-zone affirmed Tuesday’s bearish price action.
Forex: Euro Outlook Hinges On Merkel, Sarkozy – BoE Minutes In Focus
The slowing recovery in Europe pushed the EUR/USD to a low of 1.4353 and the single-currency may continue to give back the advance from the previous week as fears surrounding the sovereign debt crisis resurface.
Oil, Gold to Track Sentiment Trends After Merkel / Sarkozy Meeting
Crude oil prices are likely to follow stocks lower while gold gains if Angela Merkel and Nicolas Sarkozy fail to expand the EFSF bailout fund at today’s meeting.
FOREX: Euro, Risky Assets Vulnerable Ahead of Merkel, Sarkozy Summit
The Euro may lead risky assets lower if German and French leaders fail to expand the EFSF bailout fund at a meeting today. Euro Zone GDP data may compound the selloff.
Forex: Euro Holds Bearish Pattern, Cable Strength To Be Short-Lived
The Euro extended the overnight advance to reach a fresh daily high of 1.4387, but the near-term rally could be coming to an end as the EUR/USD continues to trade within a bearish pattern.
