The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.05 percent higher from the open after moving 77 percent of its average true range, and the greenback may continue to recoup the losses from earlier this month as Fed Chairman Ben Bernanke softens his dovish tone for monetary policy
Chairman Ben S. Bernanke Economic Outlook and Policy Before the Joint Economic Committee, U.S. Congress, Washington, D.C.
Futures are suggesting the markets could build on yesterday’s bounce. Futures are up ahead of the open with S&P fair value at +13.00 and NASDAQ fair value at +21.80.
Breaking News Federal Reserve Vice-Chair Yellen, said today the Federal Reserve has room to provide further accommodation and highlighted that there are substantial risks to the U.S. economic outlook.
This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.
Breaking News – Fed Minutes
Federal Reserve Plans to Continue Holding Hold Interest Rates Steady ‘Until Late 2014
Daily Winners and Losers The Canadian dollar is the top performing currency against the greenback ahead of the European close with an advance of 0.23% on the session. Broader risk appetite has been well supported ahead of today’s key FOMC interest rate decision with the higher yielding commodity currencies advancing in early US trade. Remarks made by Bank of Canada Governor Mark Carney have continued to support the loonie with
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The greenback is weaker against all its major counterparts save the yen amid a rebound in broader market sentiment. Here are the setups we will be trading on USDCHF and USDJPY. Daily Winners and Losers The Swiss franc is the strongest performer against a weaker greenback with an advance of 0.65% ahead of the European close. Market sentiment is well supported with equities and Treasury yields rallying on stronger than
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