Archive for August 19th, 2009

Risk Appetite Drives Volatility But Where Will the Dollar Find Direction?

Wednesday, August 19th, 2009

Another week of extraordinary volatility has kept the dollar busy; yet from all of this activity, the market has yet to take a direction. The broader markets…
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Canadian Dollar Mostly Stronger Despite Weak CPI Results

Wednesday, August 19th, 2009

The Canadian dollar ended the day up against the majors, for the most part, despite the fact that inflation in Canada cooled more than anticipated in July.
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British Pound Dives as BOE Minutes Show Potential for Expanded QE Later in the Year

Wednesday, August 19th, 2009

The minutes from the Bank of England’s August 6 rate decision didn’t reveal much in the way of new outlooks, but they did highlight one nugget of information…
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Euro Rallies for Test of 1.4250 Despite Record Drop in German Producer Prices

Wednesday, August 19th, 2009

The euro rallied for a test of trendline resistance at 1.4250 vs. the US dollar during the New York trading session after European trading saw the currency…
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US Dollar, Japanese Yen Diverge in Choppy Trade, Though This May Not Last

Wednesday, August 19th, 2009

The US dollar and Japanese yen were mixed on Wednesday, with the greenback falling against most of the majors and the yen holding on to most of its gains.
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EURJPY Carving Out Triple Top Since April

Wednesday, August 19th, 2009

A massive triple top / head and shoulders top (which is a type of triple top) may be playing out in the EURJPY. Tops in April, June, and August leave the…
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Yen Crosses: Former Support is Now Resistance

Wednesday, August 19th, 2009

The Yen crosses are at risk of falling sharply. Former support lines have held as resistance. Additional bearish evidence includes RSI divergence at recent…
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DailyFX Trend Report

Wednesday, August 19th, 2009

About the DFX Trend Index The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time. The numbers correspond to specific…
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US Market Update: Dow -16 S&P -1.7 NASDAQ -7.4

Wednesday, August 19th, 2009

More steep losses on the Shanghai Composite sparked softness in European trading and hit US equities before the bell this morning (note that the Shangahai Composite is now almost 20% off its early August highs). The leading US indices opened a bit below y…
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The Pound Tops Another High Volatility Day (Forex Video)

Wednesday, August 19th, 2009

Risk appetite and the US dollar were under pressure today; but it was the sterling’s response to a surprising BoE Minute’s vote that headlined.
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