By Adam Hewison - I was just looking at the S&P 500 index as we come to a close for the week of June 6th. While the market appears higher for...
The S&P;500 Conundrum
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EUR/GBP retains bid; sell orders noted
EUR/GBP sits at .8585, retaining it’s earlier bid-tone. As mentioned previously a large hedge fund has been a notable buyer of the cross today. Sources now report option-related sell orders lying up at .8590/00. I’d hazard a guess they’ll also be some stop loss buy orders...
US Economy Awaits ADP Nonfarm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released. ForexYard also advises...
EURUSD’s downward movement extends to 1.2885
EURUSD’s downward movement extends to as low as 1.2885 level. Deeper decline is still possible later today and next target would be at...
Michael Pettis Extended Interview
Zero Hedge Michael Pettis provides an exhaustive overview of his in-depth China views in a three part interview series with FT’s Beijing Bureau Chief, Geoff Dyer. Must watch. Part 1 - On future US-China trade relations. Part 2 – On the pros and cons of China’s growth model Part...
Afternoon Forex Overview - June 2, 2009
By Dukascopy | June 2nd, 2009 11:51 am The dollar is generally lower Tuesday morning as major currency pairs reflected continuing risk appetite and tracked ... See all stories on this...