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Market Overview

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Richard Lee

November 28, 2011 12:52 PM
November retail sales for the UK were pessimistic according to the most recent Confederation of British Industry report.  Survey findings fell ...
November 23, 2011 10:24 AM
Risk sentiment has been badly damaged by recent global economic reports and more news out of Europe.  With fears that the European Union may very wel ...
November 23, 2011 9:59 AM
As anticipated, US durable goods orders declined in the month of October, confirming Federal Reserve fears that output in the world's largest economy ...
November 23, 2011 9:40 AM
The euro currency came under massive selling in the morning following news of a failed German bond auction.  Demand rose far less than expected for t ...
November 10, 2011 1:57 PM
Speaking at a town hall event in El Paso, Texas this afternoon, Federal Reserve Chairman Ben Bernanke reiterated the US central bank's concern over th ...
November 10, 2011 12:15 PM
Currency traders are timidly taking on risk tolerant positions – even as concerns over Europe continue to loom heavily over global markets.  The se ...
November 10, 2011 10:02 AM
The US employment picture improved in the week ending November 5th, according to the most recent jobless claims report.  US Labor Department figures ...
November 10, 2011 9:38 AM
Following yesterday's plummet from 1.6100, the GBPUSD exchange rate has stabilized following a widely expected decision by the Bank of England.  Find ...
November 09, 2011 3:25 PM
With all of today's risk aversion sparked by troubles in Europe, the Australian dollar wasn't untouched during the session.  The AUDUSD currency pair ...
November 09, 2011 10:48 AM
Less than 2 hours into the trading session, global financial markets are being pummeled on more negative news involving the Italian economy.  With li ...
November 09, 2011 10:31 AM
Risk aversion is en vogue for the session following concerns over Italy's debt problem and its capacity to remain solvent.  Italian bond yields have ...
November 09, 2011 10:14 AM
Within 24 hours after Italy's pivotal confidence vote, Prime Minister Silvio Berlusconi ceded his power and announced his intentions to resign – fol ...
November 08, 2011 9:14 PM
The South Korean won gained by 0.05% during the session following a relatively bullish employment rate release.  According to Statistics Korea, the n ...
November 08, 2011 8:44 PM
Gaining shortly after the release of the Westpac Banking Corp. report, the Australian dollar jumped to trade as high as 1.0395 against the US dollar i ...
November 08, 2011 12:58 PM
With plenty of European drama in the markets, traders will turn their attention briefly to economic events across the continent to Asia.  Scheduled f ...
November 08, 2011 12:17 PM
EURUSD buying turned on a dime in the late morning trade following a worse than expected outcome in the Italian parliamentary vote.  Although Italy's ...
November 08, 2011 11:08 AM
Here we are, once again at the 1.3800 psychological level.  Since testing 1.3725 support in the overnight, the EURUSD currency pair has skyrocketed h ...
November 08, 2011 10:33 AM
Risk tolerance is timidly entering the market once again – helping the major currencies gain back some ground from yesterday.  The sentiment can be ...
November 07, 2011 10:05 PM
For the first time in three months, Australian business confidence improved in the month of October as business leaders saw optimism in a potential en ...
November 07, 2011 9:44 PM
British pound gains were minimized in the Asian session following worse than expected retail sales and housing price reports in the United Kingdom. In ...
November 07, 2011 11:22 AM
Major currency weakness is evident on the day as we look to the USD index – which is trading higher by 0.15% at 77.07 in New York.  As a result, th ...
November 07, 2011 10:31 AM
Finding support just above the 0.8550 figure, the EURGBP currency is making its way higher as it tests current resistance at 0.8600.  The psychologic ...
November 07, 2011 9:33 AM
Commodity bloc currencies made relatively unnoticed gains on the week according to the most recent Commitment of Traders report.  The survey, release ...
November 07, 2011 9:02 AM
German industrial output fell the fastest in almost two and a half years in the month of September, according to the German economics ministry this mo ...
November 07, 2011 8:38 AM
Gapping higher in the European session, the EURCHF currency pair jumped on surprising comments made by Switzerland's central bank.  Threatened by the ...
November 04, 2011 2:46 PM
Another global summit has come and gone and nothing was changed.  Following the two day summit in Cannes, France, global leaders from the Group of 20 ...
November 04, 2011 11:39 AM
It's a risk off day following the disappointing non-farm payrolls report out of the US this morning.  As a result, all of the major currencies remain ...
November 04, 2011 10:37 AM
The EURUSD plunged by as much as 130 pips or almost 1% following a worse than expected US Labor Department report.  Resistance at the 1.3850 proved t ...
October 20, 2011 7:04 PM
Ahead of this weekend's European Union Summit in Brussels, optimism is high that a resolution is on its way. But, with recent comments from the regio ...
October 20, 2011 7:03 PM
Declining since hitting the 1.5800 resistance barrier in the overnight session, the GBPUSD has recently run into a major support level just below the ...