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- Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
- Friday, 16 October 2009 11:44:15 GMT Canada's Consumer Prices Decline for 4th Month; Leaving BOC on Hold
- Friday, 16 October 2009 07:52:07 GMT Swiss Retail Sales Indicate Slow Economic Growth
- Friday, 16 October 2009 07:10:05 GMT Oil Retains Momentum into Week-End, Metals Vulnerable to Further Downside
- Friday, 16 October 2009 04:57:15 GMT Antipodean Star Still Shines for Now (Opening Comment)
- Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
- Thursday, 15 October 2009 18:27:04 GMT A Drop in Gas Inventories Extends Crude Oil's Rally to a Sixth Session
- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
- Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
- Thursday, 15 October 2009 05:24:16 GMT Euro Set to Test 1.5000 (Opening Comment)
- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
The dollar reversed the gains made on Tuesday with broad-based short-covering emerging in EUR/USD and EUR-JPY that led broader USD losses and JPY cross gains through the session. Traders were said to be cutting EUR/USD and EUR/JPY positions ahead of the ECB decision on Thursday and increased risk appetite was noted as well with signs of credit market conditions easing after the fall in Libor to five-and-a-half month lows and with a sharp rise in corporate issuance noted. EUR/USD rallied from NY lows of 1.3140 to highs of 1.3313. EUR/JPY rallied from 117.13 in late NY to 119.50. AUD/USD completely reversed Tuesday's decline with stop-loss buying on both AUD/USD and AUD/JPY. GBP/USD managed to rally to highs of 1.4615 with GBP/JPY buying noted from the late NY session. Early European desks helped fuel the broad trend in afternoon Asian trading as the USD traded to its lows. Asian stocks were mostly higher, though many indexes had trouble sustaining gains. NYMEX crude futures rose over $1 to $38.85 on OPEC supply threats and cold U.S. weather though the USD weakness was seen aiding gains, and the USD retreat helped gold rise over $6 to $826.80. Copper and base metals firmed during Asian trading as well.
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