The euro is going to finish another week posting losses versus most of the 16 main traded currencies after GDP figures published today for the European Union showed worse-than-expected numbers for the region which is already suffering from Greece’s financial crisis.
Economic figures published today for the last quarter of 2009 showed that the economic recovery in the European Union lost traction as the data was considerably below forecasts, evidencing the economic problems [...]
The GBP/USD has settled into a short-term range following volatility generated by dovish comments from BoE Governor King and a dismal mortgage approval report. The central bank continues to leave the door open for additional quantitative easing at a time when its counterparts are taking measures to remove liquidity from their markets. Next week’s rate [...]
The Norwegian currency ended this week losing versus the euro and the dollar, after the crude oil rally that fueled the krone’s advance during most of this week’s session lost strength, since risk aversion returned to trading markets this Friday with a new Chinese restrictive lending policy announcement.
Risk aversion returned to markets today impacting the Norwegian commodity-linked currency after several days of advances versus the euro and the U.S. dollar [...]
February 17, 2010
Dollar Stabilized by Tempered Risk Trends, Bolstered by Bernanke’s Hawkish Commentary
• Dollar Stabilized by Tempered Risk Trends, Bolstered by Bernanke’s Hawkish Commentary• Euro’s Strength Diminished by Doubt over the Extent of the Greek Bailout Effort• British Pound Slides after BoE Quarterly Inflation Report Unexpectedly Maintains a Dovish Tack• Australian Dollar Looks to Reestablish Interest Rate Speculation Premium
Dollar Stabilized by Tempered Risk Trends, Bolstered by Bernanke’s [...]
February 17, 2010
Oil Falls for the First Time in Five Days but Closes Friday Well of its Lows 02-12
Oil’s steady, rising trend channel of the past week was brought to a close in the morning hours of Friday’s session. From Thursday’s high (set near the end of the day after the Greek bailout news filtered through the market), the active NYMEX futures contract fell as much as 4 percent before bulls stepped in [...]