Crude

4

A EURO bear market rally in the making

http://feedproxy.google.com

The EUR has fallen 10% vs. the dollar in 4-month’s and is now contained in this narrow monthly range. Is this the fair value of the EUR? It’s lost 5% this year over European sovereign debt problems and the possibility that Trichet will fall behind Bernanke in hiking rates. The contagion scenario, referring to Spain and Portugal, has traders leaning left of center in their EUR positions. However, the record ‘short’ bets are in danger of feeling a ‘whiplash effect’. A natural healthy cleansing of the ‘weaker shorts’ is on the horizon.

 
Read the full story...
pssswise's picture
Created by pssswise 1 day 5 hours ago – Made popular 1 day 5 hours ago
Category: Forex   Tags:
4

Dollar Lower on Mixed Data

http://feedproxy.google.com

Dollar Lower on Mixed Data

The Dollar remained lower against higher yielding currencies today, after mixed economic data published yesterday. Crude Oil prices remained mainly unchanged on concerns of Chinese monetary policy tightening which might dampen the country's demand for commodities.
Economic News
USD – Dollar Down Slightly on Mixed U.S Data

The Dollar weakened slightly against the EUR yesterday after the release of mixed U.S. data and better than expected Chinese data.

 
Read the full story...
Whip123's picture
Created by Whip123 1 day 11 hours ago – Made popular 1 day 11 hours ago
Category: Fundamental Analysis   Tags:
6

Guesstimates on March 11, 2010

http://carlfutia.blogspot.com

June S&P E-mini Futures: Trading activity moves to the June contract at the pit open. Today's range estimate is 1123-1139 for the June contract. I now think a 20-25 point break has started but I expect it to be brief and end near 1120. Look fort the market to reach 1200 by the end of May.

QQQ: A rally to 50.00 is underway.

 
Read the full story...
9876swing's picture
Created by 9876swing 2 days 5 hours ago – Made popular 2 days 3 hours ago
Category: General Market   Tags:
3

China to exit stimulus plans?

http://feedproxy.google.com

Governor Bollard from the RBNZ stated last night that they do not anticipate ‘hiking interest rates until mid-year’. With the SNB this morning, the market will be focusing on their policy on FX intervention in EUR/CHF. Economic indications and inflation forecasts ‘did not require’ the sort of intervention that surprised and upset the markets last year. There is no doubt it, Hillenbrand ‘does not want to see a strong CHF’.

 
Read the full story...
dowfollower's picture
Created by dowfollower 2 days 7 hours ago – Made popular 2 days 7 hours ago
Category: Forex   Tags:
2

Guesstimates on March 10, 2010

http://carlfutia.blogspot.com

March S&P E-mini Futures: Today's range estimate is 1136-1150. I expect the market to reach 1200 over the next three months. Remember that activity will begin to move into the June contract at tomorrow's pit opening.

QQQ: A rally to 50.00 is underway.

TYX (thirty year bond yield): I think this market is headed for 5.00%.

 
Read the full story...
BUMBLEBEE's picture
Created by BUMBLEBEE 2 days 23 hours ago – Made popular 2 days 23 hours ago
Category: General Market   Tags:
4

Greek’s woes passé?

http://feedproxy.google.com

The market has been grasping at straws with little data to use as fodder, especially in the North American trading sessions. Risk-on, risk-off has been moving on hearsay. China may decouple the Yuan from the dollar, the Greek’s have Obama’s support and equity markets rallying on ‘air’ with little volume. Opposing arguments against a stronger EUR are mounting. Rating agencies are questioning the possibility of a European sovereign default.

 
Read the full story...
Pittstrader's picture
Created by Pittstrader 3 days 3 hours ago – Made popular 3 days 2 hours ago
Category: Forex   Tags:
2

Riskier Assets in Demand; Europe Debt Worries Remain

http://feedproxy.google.com

Riskier Assets in Demand; Europe Debt Worries Remain

Investors raised their appetite for riskier assets during yesterday's trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were the AUD and CAD, both currencies are linked to commodities, in particular crude oil. Crude oil had recently gained in positive momentum, although it closed slightly lower yesterday. The question remains whether the EUR and GBP will attract some of the appetite for riskier assets.
Economic News
USD – USD Firm against EUR; Declining vs.

 
Read the full story...
9876swing's picture
Created by 9876swing 3 days 3 hours ago – Made popular 3 days 3 hours ago
Category: Fundamental Analysis   Tags:
5

Guesstimates on March 9, 2010

http://carlfutia.blogspot.com

March S&P E-mini Futures: Today's range estimate is again 1131-1145. I expect the market to reach 1200 over the next three months.

QQQ: A rally to 50.00 is underway.

TYX (thirty year bond yield): I think this market is headed for 5.00%.

 
Read the full story...
rougeforex's picture
Created by rougeforex 4 days 1 hour ago – Made popular 4 days 40 min ago
Category: General Market   Tags:
3

China speculation takes heat off Greece

http://feedproxy.google.com

Few seem convinced about the Euro-zone escaping further repercussions. Even leaders and policy makers disagree on ‘the positive actions’ to be taken. Greece, technically, could be the smallest of all of the European economies problems, as other members begin to impose their own self-austerity plans. ‘Loose lips’ yesterday by the Greek’s PM has investors questioning the value of the EUR. The market needs a distraction, and seems to be shifting towards the Yuan ‘potential’ revalue.

 
Read the full story...
terry1970's picture
Created by terry1970 4 days 5 hours ago – Made popular 4 days 4 hours ago
Category: Forex   Tags:
5

Oil Falls 2%, Markets Also Down

http://feedproxy.google.com

After hitting a six-week high on Monday, markets tumbled in early trading as investors paused to take a closer look at recent data. Both the euro and sterling fell against the dollar and oil, despite rallying earlier in the day, was off by 2 percent by day’s end.

On Monday, oil touched $82 a barrel for the first time in two months, but slid to $80.22 as analysis showed that US crude inventories continue to grow.

 
Read the full story...
pssswise's picture
Created by pssswise 4 days 5 hours ago – Made popular 4 days 4 hours ago
Category: Forex   Tags: