USD Breaks Critical Support- Index at Risk Ahead of Bernanke
The greenback continues to trade within the confines of a descending channel formation dating back to the 15th after breaking below key Fibonacci support. All eyes now turn to Bernankersquo;s testimony before congress- Can the dollar recover?br/
USD Index Maintains Trendline Support Ahead Of Bernanke, NFPs
The greenback continued to track lower on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index tumbling to a fresh yearly low of 9,695, and the reserve currency may face additional headwinds over the next 24-hours of trading should Fed Chairman Ben Bernanke talk up speculation for another round of quantitative easing.
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Guest Commentary: MarketVisionTV - Money Talks by ACDC or @EdMatts? - Two Currents of EURO Thought by Ed Matts MarketVisionTV.com
The Euro remains in the first leg of a larger corrective consolidation..or does it..
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Forecast: Crude Oil to See $80 or Lower by Mid-2012
While geopolitical risks and greater demand have helped to prop oil prices, the slowing ofeconomic recovery points to lower prices in 2012.
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January Effect in Play? Commodity Currencies Continue Surge
The new trading month was expected to bring forth a new trend, one in favor of safe havens such as the U.S. Dollar. Instead, it appears the January Effect is in play, with February trading taking a cue and bidding the Australian and New Zealand Dollars higher.
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