The US budget committee appears destined to fail to reach agreement by the deadline as European bond yields continue to rise. Dow down 255.
Market analysts at FXCM suggest holiday trading conditions will complicate trading in the USD next week.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Stock and commodity markets are in the hands on indiscriminate selling on low volumes with Europe remaining a background of concern. Dow down 134.
Market analysts at FXCM have highlighted some currency market correlations that provide investors with alternatives to positions in other markets.
Ratings agency Fitch told everyone what they already knew late in the session but it was still worth a 190 point drop in the Dow.
To account for recent economic conditions and revised expectations Danske Bank has updated its forecasts for currencies.
National Australia Bank’s Manufacturing Activity Index fell sharply in the September quarter, reflecting a decline in business confidence and higher purchase costs.
Wall Street seemingly ignored rising eurozone bond yields last night and used positive US data as an excuse to do not much at all. Dow up 17.
ATW’s Jerry Simmons believes EUR/USD has rediscovered the path that runs upwards, while US equities are looking promising as well.