Research
SNB Peg Threat Slams Franc- Improved Appetite Boosts Risk Currencies
Swiss Central Bank VP Thomas Jordan sparked a massive sell-off in the franc after he cited willingness to consider pegging the overvalued currency to the euro. A simultaneous surge in risk appetite boosted the high yielding Aussie.
USD/CAD Poised to Attack Parity above 0.9960
Forex Technical Update Previous: USD/CAD to Form a Double Bottom with a Break Above Parity (8/9) USD/CAD Bullish Structure : – The USD/CAD looks like it is developing a motive structure to the upside. – There is resistance at 0.9950-0.9960 area. Support is near the 0.9870 area. – We may get another swing downwards, in the context of an abc (expanded flat) correction
Forex: Euro, British Pound Forecast Remains Bearish
The Euro gave back the overnight advance to 1.4274 and the single-currency may continue to lose ground in the North American trade as policy makers struggle to contain the sovereign debt crisis.
Overnight Rally Fails to Garner Any Momentum; Back Under Pressure
An early Asia rally initially elicited some confidence from investors shaken from Wednesday’s sharp sell off, but all was too good to be true with markets back under pressure ahead of the US open…
Crude Oil to Rebound with S&P 500, Gold Positioned for Pullback
S&P 500 index futures hint at a broad-based in rebound risk sentiment that is likely to carry crude oil prices higher while gold pulls back amid fading safe-haven demand.
FOREX: Dollar, Franc and Yen Under Pressure as Risk Appetite Recovers
The safe-haven US Dollar, Swiss Franc and Japanese Yen are likely to fall as a lull in event risk allows for a corrective recovery after yesterday’s aggressive selloff.
S&P 500 Still Looks Oversold, Leaving US Dollar Vulnerable
The US Dollar is vulnerable to pullbacks as S&P 500 positioning remains oversold, warning of a bounce in risk appetite that weighs on the safe-haven currency.
Eur/Sek Fresh Upside Extension Towards 9.50 Underway
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
Dollar as Volatile as Equities as Market Indulges in Crises
Volatility is still the primary mark for the world’s capital markets and the US dollar this week. Direction, in contrast, has certainly wavered. This combination of excessive activity and lack of a clear bearing translates into trading conditions that are exceptionally sensitive to bombastic headlines and fickle sentiment.
Dow Jones and S&P 500 Plummet – How can Forex Traders Take Advantage?
Forex market volatility has jumped substantially as the Dow Jones and S&P 500 tumble, but recent history suggests markets could become further volatile – how do we trade it?
Dollar’s Rally will Last as Long as Financial Markets Fall Apart
The financial markets have been rocked these past few weeks; and the source of this extraordinary volatility seems to be shifting with each leg of the evolving panic. As the headlines change and the focus turns to pure speculative runs (bullish and bearish) we should remember one tenet for the US dollar: the currency is only truly appealing for its liquidity .
US Dollar to Rally as Stocks Fall off Cliff
Forex futures and option sentiment points strongly in favor of further US Dollar (ticker: USDOLLAR ) gains—especially against the Australian, New Zealand, and Canadian Dollars as stock markets plummet to multi-year lows.
