There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs.
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Monday, May 28, 2012
Euro, Risky Assets Look to Eurozone PMI and German IFO for Direction
The Euro and major currencies look to Eurozone PMI and German IFO data for direction as markets gauge how much slumping growth may amplify the debt crisis.
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Commodities Rise Despite Dismal Chinese, Eurozone PMIs - Why?
Commodity prices are on the upswing along with a recovery in stocks and softer US Dollar despite dismal Chinese and Eurozone PMI readings. What’s going on?
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Sunday, May 27, 2012
Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?
The Euro is struggling to hold its ground on Thursday as the EU Summit did little to restore investor confidence, and the single currency may face additional headwinds over the remainder of the week as the threat of a Greek exit continues to drag on risk-taking behavior.
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Guest Commentary: Gold & Silver Daily Outlook 05.24.2012
Gold and silver tumbled down again along with other commodities. The Euro/USD reached yesterday its lowest level in nearly two years. The speculation around the future of Greece in the EU is likely to be among the factors dragging down not only the Euro but also metals.
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USD Index: Correction On Tap, Look For Higher Low
The greenback is struggling to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,218, and the short-term pullback may turn into a larger correction as the reserve currency remains overbought.
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Euro Dips to 22-Month Low; Risk Aversion Grows On Weaker China Factories
The Japanese Yen was the top performer for the second straight day as investors continued to shy away from risk-correlated assets. Meanwhile, the euro fluctuated against the dollar after tumbling to a 22-month low.
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