Euro Forecast Remains Bearish – Watch for Test of Key Support
US Dollar on the Verge of Rally as Sentiment Threatens Collapse
The dollar fell further against the majors in Thursday trading, sliding most against the Swiss franc and Japanese yen by about 0.6%. The Dow Jones and S&P 500 were marginally lower on the session while the Nasdaq fell by almost 0.5%. Crude oil slide by 0.5% to just above the $82-per barrel mark while spot [...]
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The U.S. currency is heading to post the highest quarterly gains versus the euro as raising budget deficits among Eurozone members is producing a capital exodus from the region towards safer markets overseas, affecting also risk driven markets negatively.
Asia/Pacific markets are stronger late in Tokyo trade after a rollercoaster session in US markets. Yesterday was a testament to the sensitivity of the current news driven market environment. Comments made by EU officials pulled and pushed markets worldwide over concerns about the sovereign debt crisis in Europe. A rescue plan has been formulated, in [...]