Fundamental Outlook at 1400 GMT (EDT + 0400)

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By GCI Financial - The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US...


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  • Fed’s Lockhart: Deficits headed wrong way; US finances face enormous challenges

    The US fiscal picture is a sources of concern, Lockhart says, especially as Social Security and Medicare spending escalate in the next few years. His comments are music to the ears of the gold bugs and are helping undermine the greenback. Time for a victory lap…( know, all may bad trade ideas...

  • Pimco’s El-Erian: Fed unlikely to raise rates this year

    Of course, he’s talking his book, but more than likely he has it right, saying it is unlikely the Fed will hike rates this year. The market got a bit excited earlier this week at the notion that a hike could come before year-end but those hopes have moderated. Further, El-Erian says the...

  • Gold Leads the Way Down

    By Fast Brokers - Gold broke beneath the neckline today, or our previous 2nd tier uptrend line, and is collapsing down towards...

  • More put buying by the Big Guns

    A US investment house has been a big buyer of 1.3600 puts today, expiring a week from tomorrow. Last week they bought a half-yard of 1.3800 puts which roll off tomorrow. They are now sellers of spot on rallies to 1.3900, dealers report. This same name was an aggressive buyer of EUR/USD above the...

  • Cable slump extends as stops triggered

    Well looks as though there were decent-sized stops below 1.5850, as suspected. We’ve moved quickly lower, presently at 1.5810. Technical supports lined up at 1.5800/05, 1.5775 and 1.5750/55. Risk sentiment isn’t in good shape this morning, S&P futures off 7 points, and this will be...