USD Index Continues To Carve Base, Japanese Yen Lags Behind
The greenback bounced back on Thursday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,735, and the reserve currency looks poised to trade higher over the remainder of the week as risk sentiment falters.
Live Scalping Session with Michael Boutros
Join Currency Strategist Michael Boutros as he runs through the FX market for current short-term setups and reviews the mechanics of Scalping post today's ECB and BoE interest rate decisions.
Guest Commentary: Can We Predict Price of Gold via the U.S. Money Base?
I have already referred to the relation between the expansion of U.S. Monetary base and the development of gold. As the U.S. Monetary base expands, the price of gold tends to increase as well.Can we use this relation to learn more on the future development of gold price?
US Market Update: DJIA -1.3 S&P500 -1 NASDAQ +3 - (UK) Bank of England (BOE) raises Asset Purchase Target (APT) by #163;50B to #163;325B (as expected) Leaves interest rates unchanged at 0.50% (as expected) - (EU) ECB leaves the Main 7-day Refi Rate unchanged at 1.00%; as expected - (CA) Canada ......
KBC: NBP leaves official rates unchanged at 4.5% - as expected On Wednesday, Central European currencies experienced a mixed trading. The zloty and the forint posted small losses, whereas the EUR/CZK cross rate edged lower and closed below 200 days moving average (seen at 24.816). Nevertheless, the regional highlight...
DAILY FOREX AND DOW JONES RECOMMENDED LEVELS Today#8217;s support: - 1.3179 and 1.3148(main), where correction is possible. Break would give 1.3115, where correction also may be. Then follows 1.3084. Break of the latter would result in 1.3050. If a strong impulse, we would see 1.3038. ......
US Market Update: DJIA -47 S&P500 -4 NASDAQ -8 - (PL) Poland Central Bank leaves Base Rate unchanged at 4.50%; as expected - (CL) Chile Jan CPI M/M: 0.1% v 0.2%e; Y/Y: 4.2% v 4.3%e; CPI Ex Perishables Fuel M/M: 0.1% v 0.3%e - (US) MBA Mortgage Applications w/e Feb 3rd: +7.5% v -2.9% prior......
European Market Update: Risk on sentiment remains in vogue European shares were up among optimism that Greek debt deals are continuing to progress. Reports from Greek press noted that the PSI deal is now completed. The coupon would be 3% to 2020. Greek political leaders are expected to meet later in the day and a...