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The threat of higher interest rates because of the better than expected U.S. Retail Sales Report, helped knock the stock index futures off their highs. Traders, however, did not give up on the long side and bought a late morning dip. The reversal of...
The U.S. Dollar soared to the upside after the government reported better than expected retail sales in November. The increase was more than twice pre-report estimates. The Greenback received an additional boost after the University of Michigan...
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in...
Daily Market Commentary EUR/USD Drops on Positive U.S. Data The EUR/USD is experiencing a solid down bar right now as we witness a broad-based strengthening of the Dollar in reaction to this morning’s positive U.S. econ data. Since the EU has been...
A rising trend on the copper market is just about to celebrate its first birthday. The price of this industrial metal is moving up since late December 2008. The copper bottomed out at 2775 USD per ton nearly three months before stock markets hit their...
