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Richard Rittorno: The U.S. dollar (NYSEARCA:UUP) has felt some pressure in recent trade against other major currencies in recent trading that can be classified as consolidation as the market looks to take a breather into the holiday week. Read more…
Richard Rittorno: The EUR/USD currency pair remained under pressure in overnight trading and is in striking distance of 2011 low from January at 1.2870. Rumor on the street a large institutional is defending the 1.2900 level in an effort to avoid a few million U.S. dollar payout. Read more…
Tim Seymour: If Santa is coming for the emerging markets, he had better load up on bullish sentiment, because the trend is starting to look like it did over the summer — and August was anything but a “Santa rally.” Read more…
Chris Ciovacco: The correlation between the S&P 500 (NYSEARCA:SPY) and the euro (NYSEARCA:FXE) has been running extremely high in recent months. Therefore, if the euro can mount a sustained charge higher, stocks could do the same. Read more…
Martin Hutchinson: If 2011 taught us one thing, it’s that currency investing can be a dangerous business. For instance, the euro (NYSEARCA:FXE) - the simplest of hedges against a declining dollar (NYSEARCA:UUP) and the U.S. Federal Reserve’s expansive monetary policy – has run into difficulties Read more…
Jack Crooks: This week global central banks announced a coordinated effort to inject liquidity into credit markets. Read more…
Stoyan Bojinov: Equity markets have taken investors for a wild ride over the past three months with chaotic trading dominating virtually every nook and corner of Wall Street. Amidst the volatility, investors have been seeking out refuge and fleeing to “safer” asset classes; although rational, this approach inevitability Read more…
Jack Crooks: I keep thinking that any day now the Australian dollar will take a dirt nap. It took one back in mid-2008, falling a stunning 39 percent in just three months in the midst of the credit crunch. This shows just how vulnerable the Aussie can be to a growth accident that slams the world economy; it Read more…
Richard Rittorno: The market is opening slightly down into the new week in a hangover stemming from what is now been dubbed “Europe’s Grand Plan.”
The “Grand Plan” to address Read more…
Richard Rittorno: The absence of significant news on the U.S. monetary policy front has left gold to take direction from the trajectory of the U.S. dollar.
Traders are weighing their safe haven positions and vice versa in front of Europe’s “grand plan.” Read more…
Richard Rittorno: The U.S. dollar rose against many major currencies as investors fled stocks on fears sparked by the U.S. Federal Reserve, and signs of a slowdown of industrial production in China. Read more…
You may have never thought it possible, but right now, more than any time in the past few years, it is not unthinkable to be bullish in the morning, bearish after lunch, and neutral into the close, all in the same day. It is not right Read more…
NYSE:BNZ, NYSE:DRR, NYSE:EDV, NYSE:FXA, NYSE:FXF, TBT, TLT, TMF, UDN, UUP
Eric Dutram: Over the last few months, investors have becoming increasingly skeptical about the long term health of the world’s two major currencies, the dollar and the euro. Debt worries are plaguing each and forcing many to reconsider the wisdom of holding onto assets denominated in Read more…
Chris Ciovacco: Saying an asset class may be “hammered” may seem like a colorful way to express an opinion, but the table below shows stocks and commodities were indeed hammered during a sharp U.S. dollar rally that occurred in the period August 2008 – November 2008. Read more…
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