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DJIA, USDJPY Fall On European Worries
30Risk aversion has dissipated throughout the markets as concerns over a quick and formidable resolution at tomorrow’s EU summit are rising. Although no one is in disagreement over the topic
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NZDUSD Drops on Lower Than Expected Inflation
30The New Zealand dollar plunged by about 40 pips against the US dollar following a report that showed slower than anticipated inflation in the Pacific economy. Trading at 0.8075 prior
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USDKRW Near Term Depends On GDP Report
30This week’s tentatively scheduled release of South Korean quarterly growth has far more implications for the future of the currency pair than most think. Although it is a GDP report
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DJIA and GBPUSD Break Higher On EU Hopes
30Although European leaders resurfaced from their summit this weekend without a final plan, market sentiment remained hopeful of a near term resolution in the EU saga. The optimism helped to
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Investors Still Widely EURUSD Short
30On a weekly comparison, this week’s widely examined Commitment of Traders report shows very little in the way of change. Investors are still heavily short euro contracts – keeping a
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QE2 Sees Sterling Sink
30Just as the Bank of England was taking everyone by surprise yesterday, by announcing an earlier than predicted round of Quantative Easing (QE), some commentators were suggesting that it was
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What’s Happening With Currencies – October 21, 2011
30Risk tolerance is back, although feebly, heading into the weekend. With the European Union Summit set to take place, the market lacks any real conviction. However, there is some speculation
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EURUSD, DJIA End Higher On Potential Pact
30Surprising the market in afternoon trade, daily UK newspaper the Guardian reported that Europe’s two largest economies had informally settled on a pact ahead of this weekend’s European Union summit.
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What’s Happening With Currencies – October 18, 2011
30Major currency action is mixed this morning, with the US dollar gaining against both the Euro and British pound on rather disappointing economic news. Comparably, the Canadian dollar is doing
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DJIA Declines, Euro Plummets On European Fix Issues
30Risk sentiment has been dampened in the New York morning following comments by key German officials that a quick resolution may not be as forthcoming as previously expected. Initially, the
