Japanese Yen Testing Trendline
Tuesday, May 31st, 2011 Posted in Market Comments | Comments OffThe USDJPY has soared and is now testing the trendline that extends off of the April and May highs
Dollar Index Closely Linked to Dow Jones, Crude Oil, Gold Prices
Tuesday, May 31st, 2011 Posted in Market Comments | Comments OffThe US Dollar remains strongly correlated to equities and commodity prices, as the Dow Jones FXCM Dollar Index sees record correlations to the Dow Jones Industrial Average, NYMEX WTI Crude Oil contract prices, and spot gold exchange rates.
Loonie Surges on BoC- Dollar Softness Remains
Tuesday, May 31st, 2011 Posted in Market Comments | Comments OffThe loonie surged in pre-market trade today on comments made by the Bank of Canada while the greenback opened the week on a softer tone.
Greenback Pares Losses But Remains on the Defensive
Tuesday, May 31st, 2011 Posted in Market Comments | Comments OffThe dollar was able to climb back from losses seen after a string of weaker than expected data prints this morning. However the greenback is expected to remain on the defensive with traders continuing to eye the week’s economic docket. ...