Archive for November 2011

The Dow Jones FXCM Dollar Index was off by more than 1% in North American trade as global headlines and strong US data drove risk to new highs. Here are the levels to watch as the greenback looks to consolidate ahead of NFPs.br/

The Dow Jones FXCM Dollar Index was off by more than 1% in North American trade as global headlines and strong US data drove risk to new highs. Here are the levels to watch as the greenback looks to consolidate ahead of NFPs.br/

Manufacturing in the worldrsquo;s largest economy is expected to expand at a faster pace in November and the ISM report could generate a bullish reaction in the USD as the data instills an improved outlook for future growth.br/

The greenback appears to be regaining its footing following the sharp selloff from earlier this morning, and we may see the reserve currency trade higher throughout the North American trade as it remains heavily oversold.
br/

I recall that the last time gold sharply rose was back in August when the markets stirred up over the U.S. debt ceiling debacle which was followed by the Samp;P’s downgrade of U.S.’s credit rating. Back then gold price reached a record high of nearly $1,900 the U.S. treasuries yields also fell precipitately as the anxiety level in the markets rose, traders became risk averse, American stock markets plummeted and the demand for safe haven investments was high. Now the demand for U.S. treasuries is high, the American stock markets are falling again, but gold is also falling. Is gold still considered a safe haven investment among traders? br/