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Currencies Higher; Commodity Bloc Lags

Posted 03-12-2010 at 10:26 AM by DailyFX
Updated 03-12-2010 at 10:35 AM by DailyFX

The markets have picked up in European trade, with currencies broadly bid against the buck.

MORNING SLICES




FUNDYS

However, it is the major currencies that have jumped in front, with the normally better bid commodity bloc lagging behind. There has been no apparent direct catalyst for the moves, with most citing the price action...
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SSI: Retail NZDUSD Shorts Jump 15% Following RBNZ Interest Rate Decision

Posted 03-11-2010 at 10:40 AM by DailyFX

FXCM Speculative Sentiment Index (SSI) Statistics:





Intraday Highlight:

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.06 as nearly 51% of traders are short. Yesterday, the ratio was at 1.08 as 52% of open positions...
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Oil, Gold May Decline as Monthly US Deficit Hits Record

Posted 03-10-2010 at 10:19 AM by DailyFX

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

Commodities - Energy

Oil May Break Support as Monthly US Deficit Hits Record


Crude Oil (WTI) $81.25 -$0.24 -0.29%

Prices have pulled back from resistance at $82.23 to find support at a rising trend line established...
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Pound Declines on Soft Retail Sales, House Prices Data and Bank Downgrade Scare

Posted 03-09-2010 at 10:34 AM by DailyFX

The British Pound declined against the spectrum of major currencies in overnight trade after a disappointing set of house price and retail sales figures as well as rumors that Moody’s may downgrade the bonds of several UK banks.

Key Overnight Developments

• UK House Prices, Retail Sales Disappoint in February
• Australian Business Confidence Surges to 7-Year High
• WSJ Article: Moody’s May Downgrade UK Bank Debt


Critical Levels...
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