March 19th, 2010 by Forex: iStockAnalyst.com Feed
The U.S. Dollar Index finished the week near its high after sharp breaks in the British Pound and Euro drove it sharply higher on Friday. The close above a retracement zone by the Dollar puts it in a position to challenge the high for the year at 81.70. It was a volatile week for the Dollar. The first half of the week saw the Dollar receiving selling pressure because of the prospect of lower interest rates for a prolonged period. The Dollar posted a strong gain during the second half of the week as renewed risk aversion sentiment encouraged traders to dump higher yielding currencies.[More...]
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March 19th, 2010 by "Currency Trading" - Google News
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March 19th, 2010 by Forex: iStockAnalyst.com Feed
When searching for new trades, I enjoy returning to past ideas. After all, if a trade done in the past looks attractive again, our research is simplified and the decision making process accelerated. Having done the initial work in the past, we rely upon our body of knowledge to strike again.[More...]
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March 19th, 2010 by Forex: iStockAnalyst.com Feed
The S&P 500 closed a smidgen lower Thursday on speculation the Federal Reserve will increase its discount rate which tempered the potential for gains spurred by further evidence that the economy is strengthening without stoking inflation. Bank of America and Schlumberger paced declines that sent financial and energy companies lower. In contrast Boeing, DuPont and 3M led gains that drove the Dow to an almost 18-month high after reports showed growth in Philadelphia manufacturing, a drop in jobless claims and no change in consumer prices. FedEx surged as its profit more than doubled and Nike rallied on higher-than-estimated earnings[More...]
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March 19th, 2010 by Forex: iStockAnalyst.com Feed
Once again bond markets are having a hard time maintaining a rally after the Fed’s earlier stand on its policy of maintaining low interest rates. Dealers continue to mull the potential for a second nudge higher in the Fed’s discount rate, which is overhanging market sentiment. As much as investors want to see a continuation of near-zero interest rates the threat of increases at the Fed’s symbolic rate serves to remind fixed income investors that benchmark interest rates may not be going up today, but that?s the general direction at some unspecified point. The relief rally in the Eurozone that’s helped push yields towards record lows also appears to be running tired of the story that Greek woes will splinter the Eurozone.[More...]
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March 19th, 2010 by Forex: iStockAnalyst.com Feed
Dollar Wins Amid Greek Debt Concerns
The U.S dollar rose on Thursday amid signs of increasing tensions within Europe over an aid plan for the debt-strapped Greek government. The Dollar also received support from some discussion in the market about the possibility that the Federal Reserve will raise the discount rate sooner than previously slated.[More...]
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March 19th, 2010 by Forex: iStockAnalyst.com Feed
Euro: When the range breaks it could really break. The euro has again frustrated the bottom pickers and the perma-dollar bears. It is has again been turned back after flirting with the upper end of its month long trading range. This time it was concern that Europe appeared increasingly divided over whether there should be a regional solution or should the experienced IMF play a leadership role to the deficit/debt issues of members like Greece.[More...]
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March 19th, 2010 by "Currency Trading" - Google News
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Tags: british pound, currencies, Currency Trading, Currency Trading News, dollar index, Forex, interest rates, Prolonged Period, risk aversion, Second Half, Sentiment, Sharp
