Market trims USD short positions ahead of data
AUD plummets as USD recovers. The AUD has had a stellar run over recent weeks but had its first significant down day in over a month on Tuesday. ...
Asia Market Update: Investors bet that the worst of the U.S. credit crisis is behind us
The USD stayed in tight ranges against European currencies during the Asian morning. ...Read More
Will EUR/USD or the Dow Respond to Plummeting US Pending Home Sales?
After US pending home sales for the month of July plummeted 12.2 percent - the most since the National Association of Realtors started keeping records in 2001 – to an index reading of 89.9, traders will be keeping an eye on the August report to see if even worse levels are yet to come. ...Read More
Aussie Up On Majors [USD/AUD]
The Australian dollar advanced against other majors Monday helped in part by bearish manufacturing reports out of the US, Euro-zone, and Japan. ...Read More
ISM Manufacturing Survey of September – One of the
Chairman Bernanke’s remarks on August 31 at Jackson Hole indicated that the Fed “will pay particularly close attention to the timeliest indicators,” following the credit market crisis and the Fed’s intervention on August 17. ...Read More
No pause, no stop
Past September will be a largely remembered month, with Euro hitting 1.4278, the last trading day, price that by the way, already passed at the beginning of Asian session. ...Read More