Setbacks have stalled for now ahead of 1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.
The Swiss Franc may see a pick-up in volatility against the Euro as the Swiss National Bank makes its monetary policy announcement, with traders keen to see if policymakers will further relax their posture on currency market intervention.
The focus in recent hours has been centered on the antipodean currencies, with both the Aussie and Kiwi coming under pressure on the back of some weaker data, and a more dovish central bank outlook.
US Market Update: Dow +25 S&P +6.7 NASDAQ +18.7 Some late equity strength in Europe plus very strong gains among US bank stocks carried US indices higher this morning. The secondary US economic data was not particularly good, however. Volume in the NYSE...
KBC: Polish central bankers speak against interest rate hikes The Czech koruna came under selling pressure due to profit taking on global equity markets. Nevertheless, sentiment stabilized and the currency trimmed all the losses by the end of the session. This could be thanks to pretty positive flow of domestic figu...
BFI: Currency market commentary EURUSD As this major pair is experiencing a longer consolidation between 1.3430 and 1.3740 so our daily forecast says about some short bets around 1.3590 and then 50 pips higher. On the other hand in case rebound above 1.3640 march for another 100 ......
US Market Update: Dow +18 S&P +2.25 NASDAQ 10.3 US markets opened a hair lower on weakness in Europe after another morning with little economic data to speak of. Today is the one-year anniversary of the 2009 stock market bottom. A year ago the SP500 closed at 666 but now hovers near 1140. Stocks moved...
Futures Technical’s SP 500 Futures: Failed to take out 1140 yesterday and closing at the lower end of the day, which is slightly bearish and could possibly a no demand bar given the low volume. If it was a no demand bar, today should be wide bar down today. The key resista...
