The unpredictable and awkward nature of the speculative markets would take another turn this past week, as a round of promising economic data helped divert investors’ attention away from the familiar financial threats that have yet to spark a true crisis. Sentiment is a fickle beast; and irrational fear or greed can swell and dissipate [...]

Continue reading " Risk Appetite Rises through the Week with Outsized Influence Over Commodities and the US Dollar "

• Euro May Ignore its Greek Troubles but ECB’s Rate Hold Will Weigh Speculative Expectations
• British Pound Upswing at Risk as BoE Policy Gathering and Imminent Election Call Loom
• Japanese Yen Situation Dims after Government Official Compares Japan to Greece
• Australian Dollar Will Struggle to Produce Gains on RBA Rate Decision

Continue reading " Dollar Edges Higher on Strong NFPs through Thin Liquidity, Expect a True Reaction Monday "

US Dollar Still has NFP Volatility to Exercise, Will the Fed Hike?
Euro May Resume Decline After ECB Interest Rate Decision
Japanese Yen Poised For Correction on Oversold Signals
British Pound Could See Gains Reversed by Dovish BoE
Swiss Franc Outlook Mixed Against U.S. Dollar, Euro
Canadian Dollar to Advance on Risk Appetite, Rates Outlook
Why Would the Australian Dollar Selloff [...]

Continue reading " Forex Weekly Trading Forecast – 04.05.10 "

The Euro pared the two-day advanced and slipped to a low of 1.3542 during the overnight trade as the greenback rallied across the board, and the dollar may continue to push higher going into the North American trade as market participants forecast U.S. non-farm payrolls to expand 184K in March.

Continue reading " U.S. Dollar Rallies Ahead of Non-Farm Payrolls, FOMC to Hold Unscheduled Meeting on Monday "

Currency markets are likely to continue to consolidate in European hours after an uneventful Asian session though thin liquidity around the Good Friday holiday may amplify volatility as traders position for the release of the US Nonfarm Payrolls report.

Continue reading " Currency Markets Consolidate in Thin Holiday Trade Ahead of US Jobs Report "

Commodities have shot higher amid a broad rally in risk-related assets, sending oil to the $85 figure while pushing gold and silver through major technical resistance. All eyes are now focused on the US jobs report with expectations calling for the best outcome in three years.

Continue reading " Crude Oil and Gold Surge Higher, All Eyes on US Jobs Report "

Continue reading " USD Graphic Rewind 04.02 "

The outlook for US growth and interest rate expectations maintained its advantage over global peers; but that doesn’t ensure the dollar’s strength. This past week, the burgeoning bull trend that the dollar established with a meaningful breakout against its primary counterpart (the euro) was dramatically reversed.

Continue reading " Dollar Rally Reversed as Risk Appetite Overwhelm Rates, Growth "

• Dollar Retracement Gains Momentum Ahead of a Speculatively-Charged NFPs
• Euro Strength Uneven in Sentiment Upswing, Keeping EURUSD Relatively Anchored
• British Pound Rides Investor Optimism, Receives a Boost from a 15-Year High in Manufacturing
• Japanese Yen Extends its Decline as Risk Appetite Advances, Funding Status Reinforced
• Swiss Franc Endures a Wild Ride with Expected SNB Intervention

Continue reading " Dollar Retracement Gains Momentum Ahead of a Speculatively-Charged NFPs "

Markets are going to lighten up quite a bit in Friday holiday trade and the calendar is all but empty for Asia and Europe, with no data seen until later in the day in the North American session.

Continue reading " Opening Comment 04.02 "