Gold in 3-day rally as prices hit fresh 2-mth peak
Gold recouped losses on Tuesday and rallied for a third day, hitting two-month highs after more data suggested the U.S. economy is running out of steam and a flurry of end-of-month buying lifted prices.
USD/CHF Reaches New Seven-Month Low
The US dollar’s recovery attempt against the Swiss franc from the 1.0220 support area was capped at an intraday high of 1.0310 yesterday. The Swiss franc continued to strengthen versus the Greenback on its safe haven status amid a general market
Dollar Drops Versus Yen, Euro as Home Prices, Confidence Ris
The dollar fell against the euro and the yen after data showed bigger-than-forecast increases in U.S. home prices and consumer confidence, easing concern the economy is slowing and sending U.S. stocks up.
Japanese Yen Aiming for the All-Time High – August 31, 2010
Good day ladies and gents. Well, it’s been a pleasant couple of months or even years for the Japanese yen bulls. As you can see, the USDJPY has sunk for 4 consecutive months in a row! It’s actually been on a downward slope since the last quarter
EUR/GBP Breaks Short-term Downtrend
The EUR/GBP found support at 0.8150. There was a strong move today that may have to do with end-of-month payments from UK to the European Union. The overall mode is still bearish…
The Stock Market Still Dislikes Financials
Financial stock sector Relative Strength Ratio fell to a new 9-month low on 8/30/10 and remains bearish.Emerging Markets Stocks ETF absolute price fell into the bearish zone on 8/30/10. Price is below both SMAs, and the price 50-day remains bel
Chart Presentation: Copper, Bonds and Questions
We are not sure whether everything comes down to this one relationship but it is still one of the keys that we are following closely these days. The relationship, by the way, has to do with ongoing strength in copper futures prices at the same t
Reitmans Canada Q2 Profit Soars - Update
Women's clothing retailer Reitmans Canada (RET.TO) Tuesday reported a nearly 51% surge in second quarter profit, due mainly to reduced cost of merchandise sold on a strengthened Canadian dollar.
Swiss Franc Sets Record High Against Euro (Video)
The EUR/USD had a sharp correction rally in the European session but did not invalidate the bearish swing outlook just yet. You can also see the Euro pare losses against the Yen, but…
Commodity Prices — August 31st 2010
Commodity prices for August 31st 2010.
Fed leaders had varied views on August policy action
Federal Reserve officials were divided at their Aug. 10 meeting over whether they should resume purchases of Treasury bonds and what impact the move could have on the nation's economy, according to minutes released Tuesday.
Sterling down against the dollar
Forex traders might be interested to note that the sterling has dropped against the dollar today (Tuesday).


