U.S. Dollar Trading (USD) investors continued to punish the smaller European countries selling bonds aggressively and sparking further risk aversion in global stock markets. US Data was mixed with November Chicago PMI forecast at 62.5 vs. 60.0 previously and Case Shiller HPI 0.6% vs. 1.7% y/y. In US stocks, DJIA
EURO Breaks 1.3000, Is Portugal Next?
Forex Exchange Morning Report
Risk aversion lingered, the usual culprits Eurozone contagion and China tightening rumours dominating market chatter. The S&P500 is 0.4% lower on the day but did hold above the key 1173 support level. That bounce off the day’s low around noon NY coincided with some positive US news from consumer confi
The Daily Wave Analysis
While the Swiss adheres to the forecast. Presumably, formation of Diagonal Triangle (v) of [a] comes to an end. If the assumption is true, after his terminations it is possible to expect the beginning of falling of pair as development of correctional wave [b] of 2.
EURO Breaks 1.3000, Is Portugal Next?
U.S. Dollar Trading (USD) investors continued to punish the smaller European countries selling bonds aggressively and sparking further risk aversion in global stock markets. US Data was mixed with November Chicago PMI forecast at 62.5 vs. 60.0 previously and Case Shiller HPI 0.6% vs. 1.7% y/y. In US stocks, DJIA
Forex Exchange Morning Report
Risk aversion lingered, the usual culprits Eurozone contagion and China tightening rumours dominating market chatter. The S&P500 is 0.4% lower on the day but did hold above the key 1173 support level. That bounce off the day’s low around noon NY coincided with some positive US news from consumer confi
FX Technical Commentary
Euro 1.2995 Initial support at 1.2830 (Sep 14 low) followed by 1.2786 (76.4% retracement of 1.2588-1.4282). Initial resistance is now located at 1.3150 (Nov 30 Low) followed by 1.3354 (Nov 29 high)
The Daily Wave Analysis
While the Swiss adheres to the forecast. Presumably, formation of Diagonal Triangle (v) of [a] comes to an end. If the assumption is true, after his terminations it is possible to expect the beginning of falling of pair as development of correctional wave [b] of 2.
HK shares may extend retreat; Hutchison eyed
HONG KONG, Dec 1 (Reuters) – Hong Kong stocks may fall onWednesday, extending the previous session's weak tone and as riskappetite weakens on concern over Europe's debt crisis andtensions on the …