The chances of a direct conflict between the US and North Korea are escalating. The US Navy is reportedly following a North [...]
Safety Position - Short EUR/CHF into the Weekend
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Lockhart takes away the punch bowl
A wise Fed president once said the Fed’s job was to take away the punch bowl just as the party started to get good. Lockhart took away the market’s punch bow with his comments on an early Fed rate rise. EUR/USD has fallen back below 1.42, trading now at 1.4170. Gold is tumbling as well,...
US index test critical Fibo support
As noted earlier, 78.49, the 61.8% Fibo is a quite important level. it was test but is holding by a thread at the...
FOREX-Dollar slips; mkt eyes US CPI, BoE for direction
LONDON, Nov 18 (Reuters) - The dollar eased back on Wednesday from its biggest rise in three weeks the previous session, as traders awaited U.S. inflation data and minutes from the Bank of England's November meeting for further direction. The dollar had rallied on Tuesday on the back of rare...
Dukascopy Morning Forex Overview - Aug 28 09
Previous session overview The dollar and euro rose against the yen in Asia Friday as Japanese importers bought the two currencies ahead of their month-end book-closing. Dealers said Japanese players had bought vigorously in early Asian trading, sending the dollar as high as JPY93.86 and the euro to...
China May Industrial Output +8.9%, Retail Sales on year +15.2%
As Leaked to the press the other day, China’s May Industrial Output came in at +8.9%. Forecast was +7.5%. The data provides further confirmation that the governments spending and partial recovery in exports are proving supportive for manufacturers. Retail Sales +15.2% yr/yr. Market...