Crude Oil Tracking Stocks as Gold Hinges on Inflation Expectations
Crude oil is likely to follow stocks ahead of the EU stress tests release and a busy US economic calendar while gold continues to tracks inflation bets and QE3 expectations.
FOREX: US Dollar Gains as Jittery Markets Await EU Stress Test Results
The US Dollar rose on safe-haven demand as traders braced for the results of an already suspect set of European bank stress tests. More of the same is likely ahead.
Fed Chair Significantly Downplays Prospects for Additional Easing
The latest key development in the currency markets has come from Fed Chair Bernanke who has dismissed the potential for additional monetary policy accommodation…
FOREX: Dollar Settles as Bernanke Talks Down QE3 Speculation
Once the market has a taste for volatility, it can be difficult to transition back into normal trading conditions. That was the dominant theme for the dollar (USDollar) and broader FX market Thursday. After a series of extraordinarily active trading days, the level of excitability within the speculative crowd finally tempered.
