Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues

The US Dollar has been particularly strong the past two weeks, necessitating a pullback to relieve extreme technical conditions. As two of the hardest hit majors, the Australian Dollar and the Euro, consolidate against the US Dollar, the Japanese Yen has rallied on the back of strong first quarter growth data.

USD Falls as Leading Indicators and Philly Fed Index Unexpectedly Plummeted

The results of the Philadelphia Federal Reserve’s manufacturing survey and the U.S. Leading economic indicators index for April released at 10:00 EST today both missed consensus forecast, pointing to slow growth in the world’s largest economy towards the middle of the year

Euro At Risk On Spanish Bank Downgrades, Pound Searches For Support

Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end of the week as European policy makers fail to stem the risk for contagion.

Guest Commentary: Gold & Silver Daily Outlook 05.17.2012

Gold and silver tumbled down again during yesterday along with other commodities prices. On today’s agenda: U.S. Jobless Claims Update, Philly and Fed Manufacturing Survey.

Pound Eyes BOE Minutes, Dollar Looks to Fed Minutes to Drive Rally

The safe-haven US Dollar and Japanese Yen may correct lower as a large batch of Eurozone and US economic data threatens to spark profit-taking.

Euro At Risk for Retracement to Yearly Lows But Beware of Oversold Studies

Markets remain under intense pressure into Wednesday, although, given how stretched technical studies are looking, we wouldn’t be surprised to see a bit of short-term relief….

Don’t Be an Impatient Trader

One of the biggest roadblocks that traders must overcome is self-imposed: their lack of patience. They see a trade setting up, it is not at all complete but they simply cannot wait to enter that trade

Guest Commentary: A Weaker Yen – Gently Does It

The strength of the Japanese yen loved by shoppers is hated by the Japanese administration, politicians and corporations. The head of Nissan recently said that yen strength is like a “1,000-pound gorilla” that scuppers our ability to sell cars abroad

Dollar, Yen Vulnerable on Euro Zone and US Economic Data

The safe-haven US Dollar and Japanese Yen may correct lower as a large batch of Eurozone and US economic data threatens to spark profit-taking.

EUR/USD Classical Technical Report 05.15

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EUR/USD Classical Technical Report 05.15

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