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- Saturday, 17 October 2009 00:08:56 GMT Euro Near Major Top Against US Dollar, but Timing Anything but Clear
- Friday, 16 October 2009 23:25:32 GMT US Dollar May Be Setting Stage for Advance
- Wednesday, 14 October 2009 20:50:00 GMT Euro Rally Toward 1.50 Continues as Industrial Output Rises for Fourth Month
- Monday, 12 October 2009 20:05:09 GMT Euro Ends Week Just Above 1.4700 as German Trade Surplus Narrows
- Saturday, 10 October 2009 02:24:05 GMT US Dollar: At the Mercy of Risk Appetite...or is It?
- Friday, 09 October 2009 23:07:02 GMT Euro Could Succumb to ECB's Neutral Stance, Weak Data
- Friday, 09 October 2009 21:33:45 GMT Euro Ends Week Just Above 1.4700 as German Trade Surplus Narrows
- Friday, 09 October 2009 02:23:25 GMT German Current Account Set to Narrow in August
- Thursday, 08 October 2009 23:31:21 GMT Euro Looks like it May End up a Laggard in the Rate Game Given the ECB's Stance
- Thursday, 08 October 2009 23:30:39 GMT US Dollar and Dow on the Verge of Opposing Breaks
- Wednesday, 07 October 2009 21:15:48 GMT Euro Down as Q2 GDP Gets Revised Lower - European Central Bank Decision on Thursday
- Tuesday, 06 October 2009 17:45:40 GMT Euro US Dollar Exchange Rate Forecast
- Monday, 05 October 2009 19:42:00 GMT Euro Mostly Higher as Services PMI Signals Expansion for First Time Since May 2008
- Monday, 05 October 2009 03:52:22 GMT Euro Zone Investor Confidence to Hit 14-Month High But Markets May Not Notice
- Monday, 05 October 2009 02:38:33 GMT Euro Zone Retail Sales to Shrink for Second Month in August
- Saturday, 03 October 2009 02:35:09 GMT Euro: Will Risk Appetite Hold EURUSD Up or Will the ECB Ease a Break?
- Friday, 02 October 2009 21:38:58 GMT US Dollar Forecast for Recovery Will be Put to the Test
- Wednesday, 30 September 2009 23:15:36 GMT German Retail Sales to Shrink for Fourth Month, Outlook Remains Bleak
- Wednesday, 30 September 2009 20:07:43 GMT US Dollar Down Despite Q2 GDP Revision - Testimony from Fed Chairman Bernanke on Thursday
- Wednesday, 30 September 2009 00:28:00 GMT Euro Growth Outlook Bolstered by Retail Activity, Confidence but Market Little Impressed
The US dollar was not able to make a successful break higher on Friday, as a look at the trade-weighted US dollar index (DXY) shows solid resistance at 88.35.
Indeed, we saw that the CBOE’s VIX volatility index managed to cool from yesterday’s record close, while Treasury yields on two, five, and 10-year notes and 30-year bonds rose from their lowest levels since the Treasury began regular issuance of the securities. The markets appear to be hopeful that President-elect Barack Obama’s selection of New York Federal Reserve Governor Timothy Geithner to be the next Treasury Secretary will yield a solution to the credit crisis. Looking ahead to next Monday, the National Association of Realtors (NAR) index of existing homes sales is forecasted to show on Monday that purchases fell 5 percent during October to an annual rate of 5 million from 5.18 million. Other factors to watch within this report including median home prices, which were down 9 percent in September from a year earlier, and supply levels, which had fallen to 9.9 months in September from 10.6 months. Overall, there are downside risks for both the sales and price components, as deteriorating labor markets along with tight credit conditions do not bode well for a recovery in the US housing sector in the near term. Additional key releases for the next week include Q3 GDP revision and consumer confidence on Tuesday along with durable goods orders on Wednesday. It is also worth noting that the US markets will be closed on Thursday for the Thanksgiving holiday and will also close early on Wednesday and Friday. This could lead to lower liquidity, which would normally signal the potential for quiet trading, but since volatility remains so high we could actually see exceptionally choppy price action.
Check out Daily Fundamentals in its entirety for analysis and outlooks on the US dollar, euro, British pound, Japanese yen, and the commodity dollars.
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