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Guest: Catalonia Holds Elections – One Step Before a Referendum on Independence

While Spanish yields remain OK, Spanish issues continue brewing. The northeastern region of Catalonia is holding elections on November 25th, and pro-independence parties are expected to win an overwhelming majority. Support for independence rose in the past year, as Catalonia found Read More →

Forex: USD Looks Higher Ahead Of Holiday Trade- JPY Correction On Tap

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10055.04 10071.94 10029.85 0.18 105.00% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.18 percent higher on the day after moving 105 percent of its average true range, and the bullish sentiment surrounding the greenback Read More →

Forex: EUR Looks Lower Ahead Of Greek Aid- GBP Outlook Hinges On BoE

Talking Points Euro: EU Meeting In Focus, ECB Warns Of Greek Debt Restructuring British Pound: BoE To Soften Dovish Tone, RSI Preserves Downward Trend U.S. Dollar: Continues To Benefit From Flight To Safety, Fed Rhetoric On Tap Euro: EU Meeting In Focus, ECB Warns Read More →

Forex News: Euro Slides as ECB Members Send Mixed Messages on Banking Union

The action in today’s European session was confusing, as the Euro and Sterling made movements in various directions without significant economic releases or chatter to provide reason for all the movement. Sterling moved higher 30 points as the Asian shift Read More →

Forex Strategy: US Stocks Tumble but Risk Trends Still Not Fully Engaged

The lull in speculative trends following Hurricane Sandy cleared up rather quickly these past few weeks, and the capital markets seem to have taken the opportunity to concentrate on long simmer fundamental concerns. We are now little more than six Read More →

Forex Analysis: Dollar May Extend Gains on Lack of "Fiscal Cliff" Progress

The US Dollar may extend gains on the back of risk aversion amid signs of continued deadlock as US officials struggle to avert the looming “fiscal cliff” ahead. Talking Points US Dollar May Extend Gains on Lack of Progress in “Fiscal Cliff” Read More →