USD Remains Overbought, JPY At Risk As Intervention Threats Resurface 17 May 2012 at 8:55pm by David Song, Currency Analyst
The greenback struggled to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,141, but the weakness may be short-lived as market sentiment remains frail.
Brief Euro Rebound Stalls as Fitch Downgrades Greece 17 May 2012 at 8:04pm by Lujia Lin,
Fitch’s cut Greece’s ratings from B- to CCC, the agency’s first downgrade of the country since the February debt swap, ending a brief rebound in the common currency.
USD Outlook Remains Bullish as Retail Crowd Fades Momentum 17 May 2012 at 7:07pm by David Song, Currency Analyst
The Dow Jones-FXCM US Dollar Index (ticker: USDOLLAR) rallied to a fresh yearly high of 10,141 and our proprietary Speculative Sentiment Index certainly reinforces a bullish outlook for the greenback as the retail trading crowd fades the underlining strength in the reserve currency.
Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues 17 May 2012 at 5:05pm by Christopher Vecchio, Currency Analyst
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 17 May 2012 at 5:00pm by Trang Nguyen,
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 17 May 2012 at 3:35pm by David Song, Currency Analyst
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 17 May 2012 at 3:15pm by Lior Cohen, Energy Analyst for Trading NRG,
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.
European Leadership Needs to Step Up and Respond Immediately 17 May 2012 at 1:26pm by Joel Kruger, Technical Strategist
While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic....
