Yen Close to a Bullish Extreme
Tuesday, August 31st, 2010 Posted in Market Comments | Comments OffThe Yen COT index inched higher to 92. A 100 reading would warn of a bullish extreme.
Swiss Franc Benefits From Safe-Haven Flows, New Zealand Dollar Falters
Tuesday, August 31st, 2010 Posted in Market Comments | Comments OffThe Swiss franc rallied against all of its major counterparts and is the best performing currency against the greenback on Tuesday, while the New Zealand dollar extended the decline from earlier this week following the shift in market sentiment.
EUR/USD: Trading the U.S. ISM Manufacturing Report
Tuesday, August 31st, 2010 Posted in Market Comments | Comments OffAs the economic rebound in the U.S. cools, a slower pace of expansion in manufacturing could drag on the greenback as policy makers expect to see a moderate recovery going forward given the ongoing weakness within the private sector.
EUR/USD May Become Scalping Target Ahead of ECB Decision.
Tuesday, August 31st, 2010 Posted in Market Comments | Comments OffThe EUR/USD is surprisingly finding support on a day where the general theme is risk aversion and European fundamentals improved a dovish case. Indeed, the EZ-CPI estimate slipped to 1.6% from 1.7% as expected, with the German unemployment change printing ...