US markets opened a hair lower on weakness in Europe after another morning with little economic data to speak of. Today is the one-year anniversary of the 2009 stock market bottom. A year ago the SP500 closed at 666 but now hovers near 1140. Stocks moved…
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SP 500 Futures: Failed to take out 1140 yesterday and closing at the lower end of the day, which is slightly bearish and could possibly a no demand bar given the low volume. If it was a no demand bar, today should be wide bar down today. The key resista…
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Being proposed is a European Monetary Fund (EMF) — similar to the International Monetary Fund — that could step in and bail out Eurozone countries facing troubled fiscal situations….
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The British Pound extended the previous day#8217;s decline to reach a fresh weekly low of 1.4938 during the European trade as Fitch Ratings held a cautious outlook for the U.K. economy, and the currency may continue to trend lower going into the ……
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Having broken a three session positive streak in yesterday’s session, markets in Europe rolled over following limited gains on the open. Trading in Europe has been broadly mixed with specific downside movers dominated by earnings related plays. Most ……
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• Dollar Unchanged on the Day as Risk Pressures Build in the Background
• Euro Stability Improved by Plans to Create a European Monetary Fund
• British Pound Struggles to Find a Firm Footing through a Round of Notable Event Risk
• Japanese Yen Finds Little Guidance on Risk Trends but the Economic Outlook Develops

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Student’s commments:

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It is worth noting that aside from a few standout correlations (negative and positive) amongst the majors; the relationships in price action across the majors has generally dissipated in recent weeks and months. This is an unmistakable consequence of tempered volatility and curbed risk appetite trends.

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