SNB Sidesteps Intervention Talk- USDCHF Plummets to Key Support
Wednesday, August 31st, 2011 Posted in Market Comments | Comments OffThe swissie tops today's performance chart against the greenback after the SNB omitted comments about the franc's rapid appreciation, easing concerns of further intervention from the central bank.
Australian Dollar Forecast to Rally Further versus US Dollar
Wednesday, August 31st, 2011 Posted in Market Comments | Comments OffForex options and futures sentiment suggests that the Australian and New Zealand Dollar have further room to run against the US Dollar (ticker: USDOLLAR) as traders buy into longer-term trends.
Fed Focus of Continued Accommodation Not Helping Buck Right Now
Wednesday, August 31st, 2011 Posted in Market Comments | Comments OffThe US Dollar has given back some of its recent gains with the weakness being partially driven by a Federal reserve committed to ultra-dovish monetary policy.…
USD Steady Amid Major Event Risk, Euro Correction To Accelerate
Wednesday, August 31st, 2011 Posted in Market Comments | Comments OffThe greenback held a narrow range on Wednesday and the reserve currency may continue to consolidate in the days ahead as the economic docket is expected to reinforce a weakened outlook for future growth.