Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
Japan’s Final Gross Domestic Product dropped to -0.9 percent in Q3, which left the estimate unchanged from Q2. Economists had on average expected the GDP contraction to be revised to a slightly better 0.8 percent decline.
Reports on the US labor statistics continue to portray the economy in a recovery mode. Since expectations for job growth were a smallish 85K, the 146K was a friendly number. The unemployment number – 7.7% – likewise sounded great,...
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...
The AUD/USD pair spiked and managed to get above the 1.05 level during the Thursday session, but fell back down below it. This just signifies how resistive the area it really is, and as a result we...
The euro fell against several of its main currency rivals yesterday, after EU growth forecasts were lowered and speculations came about that the ECB was considering a cut in euro-zone interest rates. The news also weighed down...
A downbeat assessment by the European Central Bank is presumed to continue weakening the Euro today opposite the US dollar. In its final monetary policy meeting this year, the ECB admitted that it considered an interest rate...
