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Daily Report: Euro Steady but Sentiments Weak on European Debt
Nov 22nd
While Euro remains steady against dollar and yen, commodity currencies are broadly lower as market sentiments are weighed down by continuous concern on European debt crisis. AUD/USD stayed below parity as Asian markets are broadly lower following the -1.13% fall in DOW. Markets are still talking about Spain’s 10 year
U.S. dollars extended gains as a super-committee no consolidation ahead
Nov 22nd
The Dow Jones FXCM U.S. dollars pushed higher today than the risk of stopping the flow stream investors to the safety of the greenback. But with five advanced during the last six meetings of the dollar I see within its recent range to consolidate. The most important values are observed.
European Session: Orders and Options Watch
Nov 21st
EUR: The single currency traded narrowly but with a relatively weak undertone in part due to negative comments from Chinese official saying that a global recession could be prolonged, however, decent demand is still noted at 1.3500, more bids are tipped at 1.3465-70 with mixture of bids and stops seen
US Session: Orders and Options Watch
Nov 21st
EUR: Despite all those political changes made in Spain and Italy, it seemed that investors and traders are not quite satisfied and considered those may not be enough to solve the debt crisis, rumors of French losing stable rating outlook also put pressure on euro, the single currency dropped again
Mid-Day Report: Risk Off as Markets Weighed Further Down by Moody’s Warning on France Rating
Nov 21st
In addition to the concern on the failure of the US supercommittee, market sentiments are also weighed down by Moody’s warning on France’s rating outlook. Moody’s noted in its Weekly Credit Outlook report today that rising bond yields for extended period would "amplify the fiscal challenges the French government faces
Daily Report: Sentiments Weak as US Super Committee Set to Announce Failure
Nov 21st
Sentiments were a bit weak as the week started on news that the US Super committee co-chairs are set to announce the panel’s failure today, barring highly unexpected last minute development. The bipartisan supercommittee of 12 members of Democrats and Republicans, are formed to lay out a plan to compromise
Guest Commentary: Gold & Silver Daily Outlook 11.21.2011
Nov 21st
Posted by Forex in Forex News
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Gold and silver managed to bounce back on Friday after the sharp declines to these metals prices on Thursday. The U.S. debt talks will probably occupy the news cycle during the week with the Super-committee will try and propose budget cuts.