In Currencies: The USD maintained a soft tone against the European and commodity related pairs as the week began as firmer Asian equities and European markets coupled with firmer gold and oil weighed down the USD and JPY sentiment. Currency

Following the trend that developed in the Asian afternoon EUR/USD pushed higher into the London open before finding sellers ahead of the 1.4270 area, still within its established range. Further gains in stock markets both in Asia and Europe were

Overall, the dollar index lost a few basis points during the Asian and the European sessions, but so far, these declines have been contained. The major currencies are trying to push higher against the dollar, but most pairs failed to

With Asian and European equity markets trading higher, it seems like prophecies predicating a risk correction might have to wait another week. Overall, the events of this week are not expected to rock the risk correlated trade boat, although signs

Markets will continue to look to push the US dollar weaker as underlying sentiment remains fragile. It is also the case that the dollar will tend to loose support when international risk appetite is stronger and stock markets advance.

The USD/JPY hits 95.16 in early trade on the heels of an 11 day stock market rally, continued speculation of an easing global recession drains demand for the currencies. The EUR/JPY staged to break out of its previous range with

The world's downturn is easing regardless the continuous episodes of contractions that we foresee this year and the upcoming year, improvements are taking place, sectors are witnessing some revived activity as demand across the world economies picked up some pace

Emerging markets continue to fly. Many for good reason I suspect. The iShares MSCI Emerging Stock Index has rebounded 50% from its low back in November last year. However, emerging markets tend to move in unison, driven together by the

The signs of a bullish reversal that materialized late last week failed to find confirmation and here we are again seeing the USD challenge the low of the multi-month range again as equities have bulled up to highs once again

The big news of what is essentially a quiet start to the forex trading week is the continued ascent of the Canadian dollar to a nine-month high against the U.S. dollar. Investors continue to sense that with so many markets

Sales rose at their fastest pace in more than eight years, providing further evidence that home sales activity appears to have bottomed, at least nationally, in the first half of the year. Sales moved higher in June despite rising mortgage

New homes sales rose by an impressive 11% in June to 384,000 annualized units, smartly outpacing expectations of a 3% rise to 352,000. May’s reading was revised up from 342,000 to 346,000. The jump in June represented the largest single-month

The U.S. dollar edged lower versus most major currencies in range-bound trade on Monday, pressured amid signs investors' appetites for riskier assets remain on the rise, analysts said. However, both stock and crude futures have come off highs, and that

In currencies, emerging market rumblings helped the USD come off its worst levels in early New York trading. EUR/USD failed to break above the 1.43 handle as chatter of some large USD buy stops building above 1.4300 but "protected" by

The U.S. housing sector continues to show further signs that the worst slump in almost seven decades is over, as improvement has been the dominant theme for the housing sector and accordingly optimism over the outlook for the housing sector

The European update stated that the global forex drivers (equity, commodity, and bonds) were showing divergence between futures valuations and cash market prices, and technically were not in alignment. That allowed some doubt to form regarding the ability of the

The dollar is mostly flat in intraday trading with slight inclination in favor of risk appetite. The EurUsd is higher by a mere 17pips to the low-range of 1.42, while the UsdJpy followed suit gaining 50pips to 95.29. The GbpUsd

The Monday trading session held support well, and offered the chance for a foundation to be placed on the major pairs that may be tough to now break, unless that is global equity markets drop lower overnight. A steady equity

The greenback recovered from its earlier losses against the majors as the US equity bourses slipped into negative territory by afternoon trading. The dollar bounced off its near 2-month lows versus the euro near the 1.43-level and recovered slightly after

U.S. markets are retreating from the highest value touched since November 2008, as Verizon and Aetna Inc. reduced some of the strong optimism seen in the market. Moreover, the equity market is moving lower even though new home sales surged