• One last downgrade before we run…
    Moody’s places Belgium’s AA1 rating on review for a possible downgrade. EUR/USD now at 1.3380. That’s it, I’m done. Happy Thanksgiving, to all those in the great white north!   […]
  • ForexLive US wrap: Spanish and Italian downgrades trump US payrolls
    US non-farm payrolls rise 103,000; unemployment rate holds steady at 9.1% : July and August revisions add 99,000 jobs Canadian employment rises 60,900; unemployment rate falls to 7.1% from 7.3%; much better than expected Irish PM Kenny: Aims to be first country out of IMF protection French official: No disagreement with Berlin on banks IMF’s […]
  • Just ring the damn bell…
    8 point bounce followed by 15 point slide…oy vay… EUR/USD off rebound highs of 1.3423, now at 1.3385. […]
  • Futures position little changed, as of Tuesday
    As of the close of business Tuesday, the market was still net short in a big way. I suspect the big rally Wednesday and Thursday, culminating with the jump to 1.3525 this morning changed the picture quite dramatically, though we won’t know until the next release of COT data next week. Speculators on the IMM […]
  • The most important hour of the trading day…
    Nice 8 point bounce in the S&P in the last 30 minutes. EUR/USD is scrambling to cover the shorts taken on the Spanish and Italian downgrades… Oy vey… […]
  • EUR/USD rebounds after triggering stops
    From 1.3359, we’ve rebounded above 1.3400 after taking out stops below the 1.3380 level. The news that the US consumer cut up his Visa card in August has not hurt risk appetites. If anything, equities have rallied since the data was released. Maybe the thinking goes that if the consumer can curb his deficit spending, […]
  • US DATA: Tsy investor allotments appear to be……..
    US DATA: Tsy investor allotments appear to be delayed. […]
  • US DATA: Aug consumer credit -$9.5b as revolving and.
    US DATA: Aug consumer credit -$9.5b as revolving -$2.2b and nonrevolving -$7.3b. NSA federal govt credit (incl SallieMae) +$6.1b. […]
  • US consumer credit fell $9.5 bln in August
    Talk about deleveraging, ouch! The market expected a rise of $8 bln. […]
  • Latest batch of stops dispatched
    EUR/USD making fresh session lows of 1.3360. Next support is at 1.3350, the 61.8% retracement of the 1.3240/1.3525 rally. […]
  • Please help my friend….
    Time’s a wastin. Please give generously to this cause. Please hit this link. […]
  • Japan’s Furukawa comments on Euro Zone crisis
    Japan’s economy minister, Furukawa, says it is important for France and Germany to lead through the crisis.  Sustaining Japanese and U.S. growth is crucial to stabilizing global growth.  From Reuters News. […]
  • RBC Cap Mkts Names Brian Varga Head of US Govt Bond Trading
    By Sheila Mullan NEW YORK (MNI) – RBC Capital Markets named Brian Varga as managing director and head of U.S. government bond trading in New York. He will report to Peter Hirsch, head of U.S. dollar rates and mortgage trading, and will be responsible for managing RBC’s U.S. Government trading desk (which covers all U.S. […]
  • Bank of Italy Deputy: Must get EFSF up and running soon (we’re gonna need it!)
    Sees risk of global recession Calls for global monetary standard […]
  • US Credit Mkts Week Ahead: Holiday, Then Tsy 3y-10y-30y Sales
    By Joe Plocek and Alyce Andres WASHINGTON (MNI) – Market volatility is likely to continue in the week ahead as the markets remain beholden to headline risk, mainly from Europe. Initial thoughts are that any longs that were established ahead of the long holiday weekend will be unwound if the Treasury market starts the week […]

Australian Dollar Rally To Be Short-Lived, Euro Capped By 20-Day SMA

The Australian dollar outperformed against its currency counterparts on Thursday as the economic docket reinforced an improved outlook for the region, while the Euro slipped to a low of 1.3165 as fears surrounding the European debt crisis continued to weigh on market sentiment.

Daily Winners and Losers

Currency

Last

High

Low

Daily Change . . . → Read More: Australian Dollar Rally To Be Short-Lived, Euro Capped By 20-Day SMA

Dollar climbs after Fitch cuts Ireland’s ratings

NEW YORK (AP) — The dollar climbed against the euro after the credit ratings agency Fitch slashed Ireland’s debt rating, saying its big bailout showed its debt crisis was worse than had been known. The move highlighted the euro region’s problems and prompted traders to resume selling euros.

The European Union bailed out Ireland because . . . → Read More: Dollar climbs after Fitch cuts Ireland’s ratings

Dollar higher after Obama, GOP make a tax deal

Dollar gains vs euro, yen after Obama, GOP make a tax deal that could boost US economy

The dollar kept gaining against yen and edged higher versus the euro Wednesday in the aftermath of a tax package that, if passed, could boost the U.S. economy.

Republican leaders and the White House made a deal extending . . . → Read More: Dollar higher after Obama, GOP make a tax deal

Stocks edge higher, Treasurys fall on tax-cut plan

NEW YORK (AP) — The compromise backed by President Barack Obama and Republican leaders on extending tax cuts crushed bonds Wednesday as traders expected the plan to lead to higher budget deficits and a pickup in economic growth. Stocks posted modest gains.

Congressional Democrats could still scuttle the tax agreement, but bond traders are acting . . . → Read More: Stocks edge higher, Treasurys fall on tax-cut plan

Oil prices hit $90 milestone

High gas prices on display at a Shell gas station in San Francisco, Monday, Dec. 6, 2010. Americans are getting a sour holiday surprise at the gas pump, where prices are at the highest they’ve been in over two years. Although supplies remain plentiful and gasoline demand has diminished since September, retail . . . → Read More: Oil prices hit $90 milestone

Get Adobe Flash playerPlugin by wpburn.com wordpress themes

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.