The Dollar Index (December basis) is trading flat with 77.80 acting as important support on the event of flat to weaker trading in most of the asset classes especially the benchmark equity index of the Dow Industrials....
Market participants’ expectations for upcoming EU economic summit supported the Euro.
The most recent CFCT IMM data shows EUR non-commercial traders have their largest short position built in the futures market since June of last year.
USD/JPY had a negative session on Tuesday as traders continue to fade rallies in this pair. The 78 level continues to show itself to be resistive, as even the interventions can’t overcome it for any real length...
EUR/USD had another back and forth day on Tuesday as the news flow continues to whip the markets around at a relentless pace. The downgrade to “credit watch negative” for 15 EU countries got the pair to...
USD/CAD fell hard on the session Tuesday as traders moved out on the risk trade a bit, especially in the afternoon in America. The pair has rested down near the 1.01 level, which has been supportive lately.
AUD/USD fell during most of the session on Tuesday as traders continue to sell risk worldwide. Also, the RBA cut rates in the early hours, which of course didn’t help the demand for the Aussie.
USD/CHF continued to grind higher on Tuesday as traders are still running towards the US dollar for safety while the headlines are still poor overall. The Swiss National Bank has been working against the value of the...
GBP/USD fell during the session on Tuesday as traders continue to sell risk in this treacherous environment. The British Pound is currently tied very closely to the Euro’s fate, as the UK exports over 30% of its...
The EUR/USD pair initially had a very positive day during the Monday session as the markets reacted positively to the meeting between Sarkozy and Merkel. The meeting was successful in producing an overall concept of a fiscal...
