TOKYO, June 8 (Reuters) - The dollar edged higher against a basket of currencies on Monday, building on its largest one-day gain in more than five months ...
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FOREX-Dlr up, extends gains made after US jobs data
Source: www.reuters.com
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10-year note auction so-so
At a price, you can sell anything. The US Treasury had to pay 3.99% to sell $19 mln of 10-year notes. So far the dollar is holding up, perhaps supported by the higher yields. EUR/USD has fallen in to the 1.3960s after the auction. Update: Stocks have headed lower on the higher yield backdrop,...
Cross plays still the dominant factor
Same as yesterday morning, GBP and AUD higher with the USD, EUR and JPY lagging. I have important Fibo support in the EUR/GBP at .8490 which is holding thus far but a break should see a swift test of .8200/50. Both AUD/USD and cable are headed for re-tests of last weeks highs at .8260 and 1.6660...
Temporal patterns and history of EUR/JPY spread, 2003-2009
This third article in a series dedicated to patterns and stability of forex spread deals with EUR/JPY. As in other studies, the data come from a popular non-ECN broker. The only surprise here is the unexpected increse of the spread in 2009, both on absolute scale and in relation to the EUR/JPY...
Shorts cover as AUDUSD pops thru 81c
The market has been once again surprised with the economic data released showing only 1700 jobs were shed in May. Market has been caught short, with many expecting a bad number. Yesterday commodity buying and a strong consumer confidence number helped AUD higher. Today the Employment figures will...
EURUSD’s rise extends to 1.2662
EURUSD’s rise from 1.2150 extends further to as high as 1.2662. Now the pair is facing the upper boundary of the price channel on 4-hour...