The Dollar was under heavy selling pressure after the EU summit was able to stabilize the Greece Debt crisis and lessen the chance of contagion. This combined on Friday and over the weekend with a break down in the US debt Ceiling negotiations and left the US with its own burgeoning Debt crisis. June Housing [...]
Marketmoving items may include: AUCPI, US Durable Goods. Fed Beige Book. Nothing was resolved in the U.S. budget negotiations on Monday. No news has been forthcoming on Tuesday and this was USD negative. The markets will be unhappy if no structural issues are addressed. We assume there will be an agreement at the [...]
Good morning everyone. There was no forecasts yesterday due to an outlook of a choppy market. Today I’m expecting the US Dollar to continue to weaken across the board. Since the market has already made quite a bit of movement prior to London open, expect swings. T Read more…
Trader ti – How to train your brain to make the right trading decisions at the right time. Learning to trade is only part of what is required to become a successful trader. It is said that to master the markets you must master your self and there is much truth in this. This video [...]
There is a general feeling in FX markets that the optimism produced by the EU Summit statement seems to be fading. While the EURUSD remains tentatively supported by the 1.4300 handle, the safe-haven flows into the CHF suggest that EU peripheral problems are not forgotten. USDCHF dropped to 0.8061, EURCHF fell precipitously to 1.1555, while [...]