The Euro extended the previous day’s decline and slipped to a low of 1.2143 during the overnight trade as BaFin, the German regulator, banned naked short selling of European government bonds in order to temper the “exceptional volatility” in the financial markets.

Talking Points
• Japanese Yen: Benefits From Risk Aversion
• Pound: BoE Votes Unanimously in May
• Euro: Construction Rises the Most in 14-Years
• U.S. Dollar: Consumer Price Index,...

Fundamental Outlook for US Dollar: Bullish

- Sovereign debt risk takes over for fundamentals to leverage a dollar rally
- Consumer confidence and spending rise, bolstering the case for a meaningful economic recovery
- EURUSD is on the verge of 6-year lows, will the pair enter the next phase of a bear wave?

Traditionally, when we say...

Oil Prices May Decline as Risk Appetite Fades Ahead of US Open

Commodities - Energy

Crude Oil (WTI) $84.45 +$0.60 +0.72%
Prices have rebounded to support-turned-resistance at the lower boundary of a Rising Wedge formation set from early February. Risk trends remain an important driver of directional momentum, with the 20-day percent change correlation between crude and the MSCI World Stock Index now at 0.7. This hints that bearish momentum...

The British Pound extended the rally from the previous week and crossed back above the 20-Day SMA (1.5058) during the European trade to reach a high of1.5078, and the GBP/USD may continue to pare the decline from earlier this month as policy makers hold an improved outlook for the economy.

Talking Points
• Japanese Yen: Weighed by Risk Appetite
• Pound: 4Q GDP Tops Initial Forecast
• Euro: German Import Prices Expand at Faster Pace
• U.S. Dollar:...

US Dollar Struggling to Avoid Collapse through Risk, Rate Speculation
Euro Will Fall Further Unless European Union Can Agree on Greece
Japanese Yen Outlook Clouded as Yields, Risk Compete for Influence
British Pound Losses May Continue As BoE Weighs Options
Swiss Franc Forecast Holds Opposing Views Against U.S. Dollar, Euro
Canadian Dollar Yield Potential Surges as its Risk Profile Narrows
Australian Dollar Trajectory Depends on Greece Debt Crisis
...