Wednesday, December 5, 2012

DailyMarkets.com - Forex Trading: Dollar Turns Bearish Ahead Of Busy Trading Day

DailyMarkets.com - Forex Trading: Dollar Turns Bearish Ahead Of Busy Trading Day

Forex Trading: Dollar Turns Bearish Ahead Of Busy Trading Day

Posted: 04 Dec 2012 11:52 PM PST

Dollar Turns Bearish Ahead of Busy Trading Day
The US dollar took losses against virtually all of its main currency rivals yesterday, as concerns that US Congressional leaders will not be able to resolve a budget dispute before automatic tax increases and budget cuts take place, weighed down on the greenback. Worries over the so called "fiscal cliff" also turned commodities bearish. Today, significant news is set to be released out of both the euro-zone and US. The Spanish 10-year bond … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Gold, Oil Aim Higher But Soft US Data Presents A Risk

Posted: 04 Dec 2012 11:50 PM PST

Commodities are aiming higher amid a broad-based advance in risk appetite but a disappointing set of US economic data releases may undermine sentiment.
Talking Points

Commodities May Extend Gains as S&P 500 Futures Point to Risk-On Mood
US ADP, Services ISM Reports May Disappoint and Undermine Sentiment

Commodities are on the upswing overnight amid a broad-based pickup in risk appetite, with Asian shares led higher by Chinese bourses after the government decided to relax rules limiting … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Dec. 5, 2012: Fed To Launch Fresh Bond Buying To Help Economy

Posted: 04 Dec 2012 11:35 PM PST

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.)

Fed to launch fresh bond buying to help economy (Reuters)
BOJ to pursue powerful easing using new measures (Dow Jones)
China, S.Korea to boost use of local currencies in trade … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

What Happens After The Santa Claus Rally?

Posted: 03 Dec 2012 12:51 AM PST

This market has a deja vu feeling to it. This time last year, it was faced with the prospect of Eurogeddon. This year, it’s the fiscal cliff.

Regular readers know that I believe that we will likely see a Santa Claus rally (see Risk on! and Waiting for a Santa Claus rally). The most likely scenario is a relief rally based on a benign resolution of the much overhyped fiscal cliff. As I look forward into 2013, the more pressing issue becomes one of what happens after the relief rally?

An … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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