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Tue, 10 May 2011 21:10:07 +0000
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The Swiss National Bank received a nice surprise today in the form of lower than expected inflation number for April, which means it can wait with a rate hike for now.
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Mon, 09 May 2011 19:57:02 +0000
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EURGBP- The bearish momentum triggered off the 0.9040 level, its 2011 high continues to push the cross lower closing lower the past week and threatening further declines.
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Sat, 07 May 2011 23:50:31 +0000
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US Dollar Index: A two-day rally on Thursday and Friday saw the index halting its long term downtrend and triggering a corrective recovery following a loss of momentum at 72.72 level. This development has produced a bullish engulfing candle pattern (bottom reversal signal) leaving the risk of a further corrective strength in the coming week on the table.
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Sat, 07 May 2011 14:21:17 +0000
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EURCHF – Outlook for EURCHF remains to the downside following its loss of upside momentum at the 1.3238 level, its 2011 high. With continued declines seen at the end of the week, risk of further weakness is building up towards its major support at the 1.2422/04 levels, its Dec'2010/Mar'2011 lows.
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Fri, 06 May 2011 15:15:45 +0000
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U.S. Dollar Index Trading In A Tight Range Today, Currently At 74.345
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Fri, 06 May 2011 14:41:01 +0000
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AUD/USD Trading At New Session High
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Fri, 06 May 2011 14:21:21 +0000
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The AUD/USD rose over 100 pips after the 8:30 a.m. EST U.S. economic data was released. This climbed over yesterday's highs. Though, currently falling back to 1.074, still a gain of over 1.5% on the session.
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Fri, 06 May 2011 13:28:28 +0000
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USD/JPY Testing $80.581 Intraday Price Level. Initially broke through 80.581 resistance level after 8:30 economic data and is now testing as new support.
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Fri, 06 May 2011 13:21:08 +0000
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U.S. Dollar Index Retracing its Gains on the Session; New Session Lows
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Fri, 06 May 2011 13:14:18 +0000
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GBP/USD breaks through the strong resistance at $1.64332 on the intra-day session.
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Fri, 06 May 2011 13:09:12 +0000
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GBP/USD showing strong resistance at $1.64332 on intra-day session.
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Fri, 06 May 2011 13:05:57 +0000
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Volatility in the commodities markets has taken center-stage in recent trading. A recent $5 drop in oil prices extended a 10% crash on speculation that global economic recovery will lower safe-haven demand. The improving economic outlook has pushed some investors to take profits in some of their earlier commodity positions.
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Fri, 06 May 2011 12:50:51 +0000
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USD/CAD extending losses to new session lows.
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Fri, 06 May 2011 12:38:48 +0000
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After release of economic data at 8:30 a.m EST, we saw an initial spike in the U.S Dollar index, as well as the USD/JPY and AUD/USD. Initial spikes lower in the EUR/USD, USD/CAD, and GBP/USD.
U.S. Treasuries spiked down and are now trading at lows of the session.
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Fri, 06 May 2011 11:40:58 +0000
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UPDATE: Front-month silver futures are currently down -6.5% from yesterday's close.
iShares Silver Trust (NYSE: SLV), the main silver ETF, is down -1.7% from yesterday's close.
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