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DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9929.91 9946.39 9889.2 0.13 57.05% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.13 percent higher from the open after moving 57 percent of its average true range, and the greenback may continue to [...]
The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) saw its largest single-week loss since early 2009, sold off sharply as the S&P 500 finished its biggest monthly advance in nearly 25 years. Traders aggressively shed US Dollar-long positions against the Euro and other major counterparts following the announcement of aggressive new aid for Greece and other [...]
Perhaps the euro’s most daunting fundamental hurdles in months has passed. And, as expected, the reaction was naturally bullish. The EU Summit this past week was a lightning rod for the market’s fears of a global financial crisis spreading uncontrollably with Greece and the Europe at the center of the storm. Naturally, some sense of [...]
The Japanese Yen advanced to a fresh record-high in October and the USD/JPY may trend lower in the month ahead as market participants diversify away from the reserve currency. Indeed, the dollar-yen slipped to 75.65 following a shift in trader sentiment, but threatens of a Yen intervention may dampen demands for the low-yielding currency as [...]
Yesterday saw a relief rally in EURUSD following news out of Europe. Hindsight is always easy and finding the turning or stopping point in any market on days like that is a hard task. The price shot through the 50 percent Fib level of the May highs and October lows and and stopped on the preferred [...]
The euphoria following late Wednesday’s plan for the Eurozone is slowing fizzling out as more details appear with US equity futures currently firmly in the red. Among the sceptics is the rather new Bundesbank president and European Central Bank member Jens Weidmann who pointed out the flawed solution of using leverage to solve debt and even likened it [...]
Rate Expectations Easing Ahead of ECB, BoE Decisions Australian Dollar Held Under Extreme Pressure after RBA Decision, Statement Benchmark Rates are Falling Across the World as Growth Eases Rate Expectations Commentary Interest rate expectations have eased somewhat this past week. That is remarkable given the recently announced Reserve Bank of Australia decision [...]
The greenback was marginally weaker at the close of an extremely volatile session in North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDollar) off by just 0.08% on the day. Equity markets underwent a massive late day rally that saw all three indices close higher with the Dow, the S&P, and the NASDAQ [...]
US equity futures have already given back a good chunk of Tuesday’s gains, and any reprieve offered on the back of talk of recapitalization of European banks, has been mitigated by the broader risk negative market environment and a downgrade to Italy’s ratings. At this point, talk of a recapitalization of eurozone banks is just [...]
The S&P 500 closed up 2.25 percent Tuesday after a massive 4.1 percent rally in the last hour on, well, nothing at all, except if you count a downbeat Fed Chairman Bernanke and some Dexia/Eurozone rumours. Amidst all this joy Moody’s decided to restrain the markets a bit by hitting Italy with a three-notch downgrade to [...]