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USD Correction in Play Ahead of FOMC- JPY Rebound to Fizzle

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10468.52 10505.74 10454.98 -0.28 88.63% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.30 percent lower from the open after tagging a low of 10,462, and the pullback from the March high (10,576) should turn into Read More →

Euro Optimism to Be Limited by Deepening Recession, ECB Policy

Talking Points Euro: Cyprus to Get EUR 10-15B, Portugal Sees Deepening Recession British Pound: BoE Talks Down QE- Maintains Price Stability Framework U.S. Dollar: Empire Manufacturing Slows, Inflation Picks Up Euro: Cyprus to Get EUR 10-15B, Portugal Sees Deepening Recession The Euro climbed to 1.3105 Read More →

Euro Unmoved by the LTRO Repayment Announcement

The ECB reported today that European banks will be repaying 0.385 billion Euros of the first 3-year LTRO payment and 6.432 billion of the second payment in the upcoming week. The repayment of the first loan is down from 1.336 Read More →

Crude Oil to Rise as Gold Declines on Strong US Economic Data

Crude oil may rise while gold declines if US economic data continues to trump economists’ expectations. Copper struggles to find clear directional bearing. Talking Points Crude Oil to Rise if Robust US Economic Data Boosts Risk Appetite Gold, Silver Vulnerable as Anti-Fiat Demand Read More →

Crude Oil to Rise as Gold Declines on Strong US Economic Data

Crude oil may rise while gold declines if US economic data continues to trump economists’ expectations. Copper struggles to find clear directional bearing. Talking Points Crude Oil to Rise if Robust US Economic Data Boosts Risk Appetite Gold, Silver Vulnerable as Anti-Fiat Demand Read More →

Euro to Overlook CPI, Aussie to Follow Dollar Higher on US Data

The Euro is unlikely to find a meaningful catalyst in February’s CPI print while the Aussie may follow the Dollar higher on supportive US economic data. Talking Points Euro Unlikely to Find Volatility in CPI Data, EU Summit Outcome US Dollar, Aussie May Read More →