* Encouraging data mitigate worries about Greece debt talks * Euro sets for biggest quarterly loss vs dollar since 1992 * Dollar index rebounds after two weeks of losses * Yellen’s message supports view of U.S. gradual tightening (Updates late market action) By Richard Leong NEW YORK, March 30 (Reuters) – The euro slumped against Read More
March 2015
Where to Look for Opportunities amid Turbulence (Part 3 of 9) (Continued from Part 2) Part of the problem: The stronger U.S. dollar is negatively affecting earnings of U.S. large cap companies. This could change down the road, as benefits of cheaper energy catch up to offset that drag. Market Realist – A stronger dollar Read More
* Encouraging data mitigate worries about Greece debt talks * Euro sets for biggest quarterly loss vs dollar since 2008 * Dollar index rebounds after two weeks of losses * Yellen’s message supports view of U.S. gradual tightening (Updates to U.S. trading, change byline, dateline, previous LONDON) By Richard Leong NEW YORK, March 30 (Reuters) Read More
(Bloomberg) — Stocks rose around the world and the dollar strengthened after China’s central bank said the government can do more to support growth. Oil fell a second day as Iran and six world powers intensified efforts to reach a nuclear accord. The Stoxx Europe 600 Index climbed 0.7 percent, and the MSCI Emerging Markets Read More
DailyFX.com – To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11854, 11679, 11534 Resistance:11965, 12149, 12221 The Dow Jones FXCM US Dollar Index turned lower as expected, with prices digesting losses near monthly lows. A daily close below Read More
(Bloomberg) — Crude slid amid speculation the conflict in Yemen won’t have an impact on the global oil glut, while the dollar held gains. Asian index futures were mixed after U.S. stocks rallied Friday to trim their worst week since January. U.S. and Brent crude oil fell at least 0.9 percent by 7:57 a.m. in Read More
Gold outlook is gloomy as the US economy shines (Part 5 of 21) (Continued from Part 4) The US dollar and gold Gold mainly trades in US dollars (or USD). As a result, a weaker USD makes gold cheaper for other nations to purchase. It increases demand for gold. Also, when the dollar starts to lose value, investors Read More
DailyFX.com – View photo . Fundamental Forecast for Dollar:Bullish NFPs are scheduled for release on Good Friday – key event risk stirring a key trend on a low liquidity day After Yellen’s remarks, the focus intensifies on Fed timing with FF futures still dovish but swaps hawkish Sign up for a free trial of DailyFX-Plus Read More
* Yellen speech reiterates dovish tone * Dollar posts second straight weekly loss * Long-term dollar uptrend remains (Adds comments, updates prices) By Sam Forgione NEW YORK, March 27 (Reuters) – The U.S. dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of U.S. Read More
* Speech by Fed Chair Yellen next in focus * Dollar up against euro, lower against yen and franc * Long-term dollar uptrend remains (Updates prices, adds comments; changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, March 27 (Reuters) – The dollar posted minor gains against the euro on Friday while slipping slightly Read More