 |
|
THE MARKET
The US Dollar looks healthy today as stocks and commodities take a break from rallying. The euro is currently down more than 100 pips against the greenback while the Aussie is in the hole by about half that amount. The biggest surprise of the day is the resilience in the GBP/USD, which is trading in positive territory at this time. We have seen the pair in negative te...
Watch the Video |
|
 |
|
THE MARKET
The US Dollar looks healthy today as stocks and commodities take a break from rallying. The euro is currently down more than 100 pips against the greenback while the Aussie is in the hole by about half that amount. The biggest surprise of the day is the resilience in the GBP/USD, which is trading in positive territory at this time. We have seen the pair in negative te...
Watch the Video |
|
 |
|
THE MARKET
The US Dollar is finding a bit of strength throughout the majors today despite stocks pushing further to the upside. We know the normal relationship is an inverse one, which again makes us look outside the box for reasons why traders may want to buy dollars. We are not approaching any big economic releases in the next two days and the G-20 is in the rearview mirror. One though...
Watch the Video |
|
 |
|
THE MARKET
We have been in the midst of another quiet day in most financial markets. Heading into the home stretch we see many of the major currency pairs up or down only a few pips on the day while the same is true of stock market indexes. Ironically, after getting the green light from G-20 members to take on risk because cheap money and stimulus will be here for a while, trader...
Watch the Video |
|
 |
|
THE MARKET
In what would be considered a rare event these days, forex traders may be holding the dollar up on the back of good US data. We have been seeing signs that the economy is recovering based on cyclical data, while the structurally problematic deficits remain a dark cloud. This has kept the greenback on a downward trajectory while stocks have run higher on the improved economics....
Watch the Video |
|
 |
|
THE MARKET
Financial markets were clearly expecting very loose talk from the Fed this afternoon and got just what they were looking for in the monetary policy statement. Ahead of the 2:15 release was an 8:15 report on private sector jobs from ADP and a 10 o?clock ISM service sector report. Both of these numbers missed expectations, which called for job losses in October of 188,000 and a j...
Watch the Video |
|
 |
|
THE MARKET
We have seen no shortage of price swings in currencies today, much like we saw in the first 24 hours of this week. Traders are clearly uncertain of how to position themselves ahead of this huge data lineup in the next three days. The dollar rallied strongly yesterday around Noon as stocks plunged into negative territory from triple-digit gains on the Dow. By day?s end, stocks...
Watch the Video |
|
 |
|
THE MARKET
We have seen a rollercoaster ride of a market so far this week and we are just 24 hours in. The dollar began the week yesterday afternoon on firm footing, but quickly came under pressure. The overnight session was mixed; leaving the greenback is slightly negative territory ahead of the 10am data. Reports on pending home sales and construction spending both blew away forecasts,...
Watch the Video |
|
 |
|
THE MARKET
Dollar bulls began this week in the driver?s seat and that?s exactly right where they are as we wrap things up. For the first time in many months, it is dollar bears that are licking their wounds on Friday afternoon as stocks continue to fall sharply. Despite some optimism returning yesterday on the back of a 3.5% GDP reading, investors are finding other reasons to resume selli...
Watch the Video |
|
 |
|
THE MARKET
The market was nothing short of thrilling today as dollar bears reemerged on the back of a strong GDP number. While that may sound a little confusing, it is the same old equation. Good US data means higher risk appetite, thereby driving money into high-yielding currencies. With interest rates at zero, the dollar is a great funding currency for these carry trades and therefore...
Watch the Video |
|
| |
|
THE MARKET
The market was nothing short of thrilling today as dollar bears reemerged on the back of a strong GDP number. While that may sound a little confusing, it is the same old equation. Good US data means higher risk appetite, thereby driving money into high-yielding currencies. With interest rates at zero, the dollar is a great funding currency for these carry trades and therefore...
Watch the Video |
|
| |
|
THE MARKET
The dollar continued to push higher in the broad market today as it defies gravity and investor expectations. Of course, when longtime perma-bear Jim Rogers is buying the buck we can?t be completely surprised by its resilience. He believes that the greenback may see a nice bounce as the stock market experiences a pullback. We did get a little relief on the data front this morn...
Watch the Video |
|
 |
|
THE MARKET
It did not come easily, but the US Dollar did manage to gain on some of its counterparts today as traders are seeing more reason to seek safety. The October consumer confidence report showed an unexpected dip below 50 to just 47.7. The Philly Fed manufacturing survey was released at the same time and also saw an unanticipated drop from 14 to 7. This sent stocks lower and the d...
Watch the Video |
|
 |
|
THE MARKET
If today?s US session is indicative of what this week holds in store for us, we are excited about some big trading opportunities in the days ahead. After a very quiet open in currencies, stocks burst higher out of the gate. The Dow was up about 100 points by 10am, erasing almost all of Friday?s losses. The greenback was holding on in most pairs, but looked vulnerable if stocks...
Watch the Video |
|
| |
|
THE MARKET
If today?s US session is indicative of what this week holds in store for us, we are excited about some big trading opportunities in the days ahead. After a very quiet open in currencies, stocks burst higher out of the gate. The Dow was up about 100 points by 10am, erasing almost all of Friday?s losses. The greenback was holding on in most pairs, but looked vulnerable if stocks...
Watch the Video |
|
 |
|
THE MARKET
It has been an interesting week in the forex as the dollar nudged slightly lower in the broad market. Most currencies struggled to tack on additional gains over the last five days, leaving a very jagged look to many intraday charts such as the 180- or 60-minute. Not all of the majors were acting in concert, of course, with the pound-sterling trading particularly independent of t...
Watch the Video |
|
 |
|
THE MARKET
As we come to the end of a long, quiet session we are now witnessing some of the best moves of the day. The dollar is coming under real pressure in the broad market as the Dow breaks triple-digits in positive territory. Things were a little mixed across the board early on and the greenback traded in positive territory against many of its counterparts. In the first hour of trad...
Watch the Video |
|
 |
|
THE MARKET
Most currencies around the world have resumed their rallies against the greenback today after taking a little rest for less than 24 hours. With stocks managing to recover some yesterday afternoon and again this morning, there was little hope for the dollar to continue moving higher in the broad market. Today?s big winner was the pound-sterling, which rallied sharply on the back...
Watch the Video |
|
| |
|
THE MARKET
The greenback is fighting back in the broad market today in what has been a tug-of-war so far this week. Bulls and bears are battling it out as we reach critical levels in many markets; both technically and psychologically. As we noted last Friday, it is not an easy business calling tops and bottoms in big trends. While we have been willing to place some confidence in the doll...
Watch the Video |
|
 |
|
THE MARKET
After showing signs of life at yesterday?s open, the greenback has come under fire again in the broad market today. The recent wave of selling really needs little explanation. The Fed seems committed to leaving interest rates very low while other economies start to bring rates back to more normal levels. Stocks are rallying and the dollar is sliding; a theme we were accustomed...
Watch the Video |
|
