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Forex News: Euro Retraces Gap Despite Looming Fiscal Cliff

Despite the likelihood of the US falling off the fiscal cliff growing with every passing day, risk correlated currencies are trading higher in today’s trading. EURUSD opened fifteen points lower than Friday’s close but still managed to climb 40 points Read More →

Forex: Dollar Posts Biggest Rally in 7 Weeks, EURUSD Tips Reversal

Dollar Posts Biggest Rally in 7 Weeks, EUR/USD Tips Reversal Japanese Yen Still Heavily Oversold and Risk Sensitive Euro Risks More Prominent than Advance Lets On British Pound Finally Breaks Exhausted Drive with Biggest Dive in Four Months New Zealand Relieves Overbought Leverage Better Read More →

Forex News: Euro Partially Erases Loses Despite Market Wide Risk Aversion

Following the cancellation of the US House of Representatives vote on ‘Plan B’, which would have raised taxes on some wealthy Americans, fiscal cliff worries have grown and a risk aversion can be seen across markets in today’s trading. However, following Read More →

Commodities: Oil Follows Stocks Lower, Metals Manage to Find Support

Crude oil is following stocks lower amid broad-based risk aversion across financial markets but metals have managed to find support despite a US Dollar rebound. Talking Points Crude Oil Sinks Along with Stocks on Fiscal Cliff Deadlock, Monti Resignation Metals Supported Despite Dollar Read More →

Commodities: Oil Follows Stocks Lower, Metals Manage to Find Support

Crude oil is following stocks lower amid broad-based risk aversion across financial markets but metals have managed to find support despite a US Dollar rebound. Talking Points Crude Oil Sinks Along with Stocks on Fiscal Cliff Deadlock, Monti Resignation Metals Supported Despite Dollar Read More →

Forex Analysis: Dollar, Yen Aim Higher as Fiscal Cliff Fears Escalate

The safe-haven US Dollar and Japanese Yen may rise as failure to reach a deal avoiding the so-called “fiscal cliff” shatters confidence across the markets. Talking Points Dollar, Yen Aim Higher on Haven Flows on Swelling “Fiscal Cliff” Fears Pre-Holiday Liquidity Drain, “Quadruple Read More →