Euro Continues To Search For Support, Sterling Still Eyeing 1.5600
By DailyFX 05/25/12 - 10:20 AM EDT By David Song, Currency Analyst Higher interest rates will do more good for savers than they will do damage to borrowers. By Doug Kass If you combine the technical picture with the European uncertainty there's good ...
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EUR/USD Tests 1.2514 Low From Yesterday
The 1.2500 barrier option was broken and the subsequent corrective move higher took the price above the 38.2% -50% of the trend move down (see chart above). That move above the 50% took some steam out the trend move and although the price has si
Overview on the CAD amid the markets turmoil
Shaun Osborne, Chief FX Strategist and Greg Moore, FX Strategist at TD Securities Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for ...
ProShares Debuts USD Covered Bond ETF
While this reduces interest rate risk, investors should note that this also results in a lower yield. Current payouts are projected to come in around the 1.5%-2.1% level, a meager rate which is also hurt by the lower risk levels that come thanks to the ...
USD/CAD Trading in an Ascending Triangle
The USD/CAD continues to tap at the 1.03 handle. The 1.0280 and 1.0315 levels are previous resistance pivots. The 1H chart shows the market in an ascending triangle. There is also a sign of bullish momentum bias as the RSI failed to break below 4
EUR/USD threatens 1.2500
At the same time, the US dollar is gaining traction ahead of the NA session, recovering ground in a clear 'profit-taking' scenario and hovering over the 82.50 level again. The Michigan Consumer Sentiment is the only data due in the US later on.
EUR/USD Cracks 1.25; 1.2330-1.2350 is the Next Key Support
The EUR/USD continues to hold below 1.26. We can see in the 1H chart that the attempt to break it in the 5/24 US session was quickly rejected even though 1.26 was cracked. After a bounce from the week’s low near 1.2510, there was another test of
Canadian dollar moves lower for eighth session, commodity prices mixed
TORONTO - The Canadian dollar was little changed Friday amid mixed commodity prices and a lack of market moving news from the eurozone. The loonie shed 0.04 of a cent to 97.32 cents US after closing lower the previous seven sessions with traders ...
Bank of Russia to Buy 'Considerable' Gold in 2012
By Mark O'Byrne Gold's London AM fix this morning was USD 1560.50, EUR 1240.66, and GBP 996.04 per ounce. Yesterday's AM fix this morning was USD 1558.50, EUR 1239.27, and GBP 993.62 per ounce. Silver is trading at $28.30/oz., 22.60/oz. and 18.13/oz.
Friday Volatility 05-25-12
The SPX 500 sits about 3 points higher than Thursday’s close on the S&P 500 (as of 8:28am ET).
Japanese Yen Remains Stronger Against European Currencies
The Japanese yen continues to appreciate against European currencies, thanks to the uncertainty in Europe. Concerns about what’s next for the eurozone are weighing on risk, and the Japanese yen is once again being used as a safe haven currency.


