December 2011

U.S. Dollar Falls as November Pending Home Sales Reach 19-month High

The pending sales of existing homes unexpectedly soared in November to the highest level since April 2010 as historically low mortgage rate coupled with slumping house price have made home purchases more affordable for middle class.

USD Index Poised For Higher High, Deflation Dampens Outlook For Yen

The greenback is struggling to hold its ground during North American trade, with the Dow Jones-FXCM U.S. Dollar index falling back from a fresh weekly high of 10,062, and the reserve currency may continue to consolidate over the remainder of the week as market participation thins ahead of the New Year.

Euro Outlook Turns Increasingly Bleak, Sterling Search For Support

Market sentiment waned on Thursday following the disappointing bond action in Italy, but we may see the major currencies consolidate over the remainder of the week as market participation thins ahead of the New Year.

European Currencies Lag as Japanese Yen Leads Majors

The Euro’s tailspin continued in the overnight, with the EUR/USD holding below 1.2900 for much of the overnight session leading up to trading in New York. The pressure on the common currency has dragged down its European counterparts, the British Pound and Swiss Franc, stirring demand for safety, particularly the Japanese Yen.

Euro Plummets to Fresh 2011 Low as Italian Auction Misses Target

We can usually expect to see some volatility in the razor thin holiday trade between Christmas and New years and recent price action confirms that things could be bumpy into Friday…

Gold Snaps Multi-Year Support, Pointing to Major Trend Change

Gold prices took out support dating back to 2008, hinting a major bearish trend change is at hand. Crude oil looks to an Italian bond auction for direction.

Last Chance to Pick up EUR/SEK at Attractive Levels

A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.

EUR/USD Classical Technical Report 12.29

USD/JPY Classical Technical Report 12.29

GBP/USD Classical Technical Report 12.29

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