Archive for March 5th, 2010

Weak U.S. Retail Sales Could Overshadow Improving Labor Markets

Friday, March 5th, 2010

If we don’t see a carryover of volatility following a week of major event risk, then next week could get off to a slow start with no major releases scheduled until Wednesday. Two rate decisions, two employment reports and the consumption figures from the world’s largest economy will garner traders focus. Improving labor markets and domestic demand will help fuel rising optimism and help the current theme of risk appetite. 

 
 

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Euro Sentiment Turns from Bearish Extreme

Friday, March 5th, 2010
Euro sentiment, as defined by COT positioning, has turned from a bearish extreme.  After spending 5 weeks at a bearish extreme, the EURUSD may see a short covering rally next week.

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A Bull Trend Matures as Crude Moves on to $82 following NFPs

Friday, March 5th, 2010

Scheduled event risk was generally a disappointment for those seeking out volatility; but the data, combined with the stable backdrop of advancing risk appetite, would nonetheless push crude higher. A commodity of industrialization and speculation, oil extended its recently choppy trend to test yet another prominent, even number: $82.

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New Zealand Dollar Takes Direction From Commodity Prices As Yield Outlook Fades

Friday, March 5th, 2010

A return of risk appetite has generated NZD/USD support and has kept the pair within its medium term range. Upward trending commodity prices have helped limit downside risks as they currently account for 63% of price action.

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Currency Crosses: Technical Outlook

Friday, March 5th, 2010
Watch for EURGBP support at 8950.  The Yen crosses have skyrocketed and bearish counts are in jeopardy.

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U.S. Unemployment Rate Unchanged As Economy Losses 36K Jobs

Friday, March 5th, 2010

The U.S. economy lost another 36,000 jobs in February and the unemployment rate held at 9.7% according to the non-farm payroll report. Economists were forecasting a loss of 68,000 and a rise in the unemployment rate to 9.8%, as severe weather was expected to have forced some businesses to close.

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Light Crude 03-05

Friday, March 5th, 2010

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Gold 03-05

Friday, March 5th, 2010

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US Dollar / Swiss Franc 03-05

Friday, March 5th, 2010

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US Dollar / Canadian Dollar 03-05

Friday, March 5th, 2010

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