Danish Krone Bearish after Moody’s Downgrade
February 22, 2011 11:30 am by Greg HoldenLast week’s downgrade of five top-listed Danish banks by Moody’s Investor Services has put moderate sell pressure on the krone (DKK).
NZ Quake and Technical Pressure Weighing on Kiwi
February 22, 2011 7:30 am by Greg HoldenFollowing yesterday’s earthquake in New Zealand – which some expect will claim upwards of 70 lives – the Reserve Bank of New Zealand (RBNZ) appears poised to reduce interest rates in order to ease concerns. New Zealand stocks also plummeted ...
NZD/USD Tumbles in Wake of New Zealand Earthquake
February 22, 2011 7:00 am by Russell GlaserThe Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 ...
Why Silver’s Rising Price will Outpace Gold’s
February 21, 2011 11:30 am by Greg HoldenNo doubt every trader in the market at this week’s start noticed the sudden surge in commodity prices. Precious metals like Gold and Silver in particular have gained an exorbitant amount over the past month. But are their price movements ...
Turkish Lira Gaining Support amid Mid-East Tensions
February 18, 2011 7:30 am by Greg HoldenShifting regional dynamics have helped move capital away from the various Arab states in the Middle East and into the relatively more stable countries in the region, such as Turkey. This appears to be pushing the Turkish lira higher.
Crude Oil Inventories Expected to Rise Tomorrow
February 15, 2011 2:00 pm by Greg HoldenAfter rising for a fifth consecutive week last Wednesday, tomorrow’s US Crude Oil Inventories report (15:30 GMT) is expected to show continued surpluses of supply in the world’s largest energy consumer. Forecasts expect to see between 1.5M and 2.6M barrels ...
EUR/SEK Signals Mixed, Expecting Mild Retracement
February 15, 2011 12:00 pm by Greg HoldenThe technical indicators for the EUR/SEK reveal an impending retracement to the latest price downturn, but these signals appear weak.
Swedish Krona Bullish after Riksbank Rate Hike
February 15, 2011 11:30 am by Greg HoldenThe Swedish economy is once more at the forefront of Scandinavian news, with the krona (SEK) bullish against its primary rivals. After an increase to the short-term repo rate by the Riksbank, forecasts on the SEK appear to favor additional ...
Euro Zone Industrial Production on Tap Today
February 14, 2011 7:00 am by Anton EljwizatThe US dollar experienced one of its most bullish trading days last Friday against the EUR. The EUR/USD fell as low as 1.3496, its lowest level since Jan 21st, after Egyptian President Hosni Mubarak stepped down and handed over power ...
USD Bullish as Euro Zone Debt Concerns Reemerge
February 11, 2011 7:00 am by Greg HoldenRecent data out of the United States has helped boost the strength of the dollar in recent trading. The USD climbed against most of its currency rivals in trading yesterday as euro zone debt concerns flared up and US unemployment ...
