Published at 10:30 (GMT) 03 Feb 10:30 GMT – USD/MXN still looks to have one more shot down to the 12.765/748 zone over the next 3 hours. Once that zone is thoroughly probed, we still think that the daily oscillators such as RSI and Stochastics are extremely o/s enough to warrant a solid reversal from
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FXstreet.com: Technical: Technical Market View

DailyFX – Gold Daily Forecast

Chart of the week NYMEX WTI Crude Oil FUNDAMENTALS U.S. crude futures fell this week, dropping to a six-week low as Wednesday’s data showing rising crude oil and gasoline stockpiles and weak demand continued to generate bearish sentiment. U.S. crude stockpiles have risen sharply for two consecutive weeks, according to government data, and the latest
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Crude Brent crude posted small gains on Thursday and closed just shy above 112 USD per barrel (USD/bbl). Regarding the EIA’s weekly petroleum status report released back on Wednesday, it confirmed a relatively low implied demand for oil products in the U.S. in January (see the chart). The main contributor was a lower than usual
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DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

The overnight session was market by very quiet trade as no headlines emerged out of the Eurozone and investors are waiting so see the results of today’s Non Farm Payrolls figures before committing to new positions.  Most of the market chatter that has been circulating is focusing on the possibility of central bank intervention in
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The foreign currency futures open little changed ahead of the vital NFP report after showing a mild bearish tone since Thursday. Following this pause, they should attempt another upmove early next week and possibly as early as post the release of the US economic data. Countering this outlook is the ongoing Greek drama. Reuters reported
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DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

DailyFX – Gold Daily Forecast

The appetite for risk remains healthy ahead of the US open amid encouraging news from the Eurozone. The IMF would seek to more than double its fund by raising $ 600 billion to help countries deal with the debt crisis and there was strong demand at Spanish and French government bond auctions. In addition,
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Published at 07:29 (GMT) 19 Jan DJ: Comments from ECB Jorg Asmussen: Says that Bond purchase program will not cause inflation but bond purchases will not last forever. Task of fighting crisis lies mainly with govts but he supports strengthening and early introduction of ESM. Fiscal pact is only the first step towards a fiscal
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DailyFX – Gold Daily Forecast

The foreign currencies consolidated in the Far East after gaining all this week. This is only a modest upmove, though, triggered by optimism that Greece will default on a March 20 debt payment but in an orderly matter. Expectations that the Greek matter will unfold smoothly are misplaced. The long-term Eurozone debt crisis remains in
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FXstreet.com: Technical: Technical Market View

FXstreet.com: Technical: Technical Market View

The European and commodity currencies open lower in the US after over performing during the first business day of 2012. The appetite for risk diminished today, but this should only be for a one-day of siesta. Most of the Asia/Pacific stock indexes advanced, the European bourses are trading mostly lower and the US stock indexes
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Markets were little changed during the Asian session with no major headlines to guide traders and this was combined with a relatively directionless meeting statement from the latest G10 Summit.  Japanese markets were open for the first time since the holidays but trading volumes were still thin and the result was a lackluster market session.
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Published at 08:53 (GMT) 04 Jan Unnamed source cited by Reuters said that the 25-year dollar-denominated bonds offering was heavily oversubscribed, attracting orders worth USD 7.7bn compared to the government’s pre-decided cap of USD 1.5bn. This is positive for sentiment and could boost peso-appetite in the near-term, though the overhang of the Eurozone crisis might
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Published at 04:43 (GMT) 04 Jan FX NOW! EUR/USD, USD/JPY FLOWS – BBG : World’s Biggest Economies Face $ 7.6Trln Bond tab Some focus on the huge sovereign debt maturity this year, even as focus is on the eurozone sovereign debt crisis. BBG: Governments of the world’s leading economies have more than $
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