Market analysts at FXCM suggest while the US dollar is still being influenced by risk trends and the euro there are signs of a medium-term shift in outlook.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Market analysts at FXCM suggest while the euro’s uptrend against the US dollar remains intact sentiment towards the trade is approaching extreme levels.
The S&P 500 last night recovered the losses marked since the March 11 quake, with buyers looking ahead to the upcoming US earnings season. Dow up 84.
FX trading looks attractive, and many have been lured in, but many have been losing money this month as the Yen changed direction.
The Chartist reports it would appear the AUD is setting up a platform for another rally later.
With the reactors in Japan seemingly under control, markets are now turning their attention to the rebuilding phase. Higher commodity prices drove Wall Street last night. Dow up 67.
Wall Street sat on the bench last night after several sessions of turmoil, amassing very little volume. Dow down 17.
Wall Street sat on the bench last night after several sessions of turmoil, amassing very little volume. Dow down 17.
Wall Street sat on the bench last night after several sessions of turmoil, amassing very little volume. Dow down 17.