Cause Traders To Revert

Copper prices steadied on Thursday after sliding for four straight days and touching four-month lows, but traders remained wary about the metal's prospects amid fears of more fallout from Europe should Greece exit the euro. For the first time since Friday, copper futures in London and New York inched toward positive territory as support returned to commodities deemed oversold in the risk flight of the past week. Still, worries about how Europe -- particularly Spain -- would manage Greece's exit from the euro hung heavily on markets, including copper. A bond sale by Spain came at a markedly higher cost for the government than before, signaling investors' growing concern about the possibility of a contagion impact should Athens default on its own sovereign debt. "Copper's still seeing ...

A disappointing US jobs report resulted in the safe-haven US dollar sliding against the Japanese yen while rallying against riskier currencies like the AUD and EUR to close out last week's trading session. Turning to today, elections held in France and Greece over the weekend are forecasted to generate significant market volatility. Any indication that Greece could back away from recent austerity measures as a result of the election could result in the euro extending its current bearish trend. Economic News USD - US Jobs Report Causes USD/JPY to Tumble Last Friday's US Non-Farm Payrolls figure came in at 115K, well below the forecasted 173K. The news represented the third month in a row of declining hiring in the US, and resulted in renewed speculation that the Fed may initiate a new ...

The euro gave up its recent gains against the US dollar and Japanese yen yesterday, following a combination of negative euro-zone news which led to an increase in risk aversion. Worse than expected indicators out of both Germany and France, along with political uncertainty following the first round of elections in France was largely to blame for the euro's bearish trend. Today, euro traders will want to pay attention to debt auctions out of Italy and the Netherlands. Positive results from the auctions could help the common currency. Furthermore, the US CB Consumer Confidence and New Home Sales figures are set to generate market volatility when they are released at 14:00 GMT. Economic News USD - Risk Aversion Leads to Bullish Dollar The US dollar saw gains against most of its main ...

The euro staged a broad recovery during yesterday's trading session, as the combination of a positive German ZEW Economic Sentiment and smooth Spanish debt auction generated risk taking in the marketplace. Turning to today, traders will want to pay attention to the British Claimant Count Change, scheduled for 08:30 GMT. The report is the official unemployment statistic for the UK and has been known to generate market volatility. Should the figure come in higher than forecasted, risk aversion may return to the market place. Economic News USD - Dollar Turns Bearish vs. Riskier Currencies A batch of positive international news releases yesterday led to US dollar losses as investors shifted their funds to riskier assets. A better than expected German ZEW Economic Sentiment and Spanish debt ...

The Japanese yen saw gains virtually across the board during yesterday's trading session, as risk aversion continued to dominate market sentiment. Investor fears regarding a euro-zone recession and poor US fundamentals drove the JPY to a one-month high vs. both the EUR and USD. Turning to today, a lack of significant news means that riskier currencies like the euro and Australian dollar could extend their bearish trends. Traders will want to watch out for any exaggerated price shifts due to low liquidity in the marketplace. Economic News USD - USD Takes Losses across the Board The US dollar fell vs. its main currency rivals throughout the European session yesterday, as investors continued to worry about the possibility that the Fed will initiate a new round of quantitative easing in the ...

The USD reversed some of its earlier gains on Friday, following a worse than expected Non-Farm Payrolls figure which highlighted just how slowly the US economic recovery is progressing. The USD/JPY dropped well over 100 pips following the news, reaching as low as 81.28 before correcting itself to close out the week at 81.57. Turning to today, traders will want to note that European markets are closed for the Easter holiday. A low liquidity trading environment means that unexpected volatility could occur for seemingly no reason. Economic News USD - Non-Farms Report Turns Dollar Bearish Following several days of upward momentum, the US dollar's bullish trend came to an end on Friday, following a disappointing US jobs report. The Non-Farm Employment Change figure came in at 120K, well ...

Fears regarding the pace of the global economic recovery sent riskier assets lower during yesterday's session. The EUR/USD fell some 90 pips during the European session, while the EUR/JPY tumbled close to 150 pips. Today, the US dollar may be able to maintain its bullish trend if the FOMC Meeting Minutes helps boost investor confidence in the US economy. Later in the week, traders will want to remember that the US will be releasing the monthly Non-Farm Employment Change figure. With analysts predicting growth in the US employment sector, the dollar may see significant upward momentum in the coming days. Economic News USD - Positive US Data Helps USD The US dollar saw gains vs. most of its riskier currency rivals as the combination of poor international fundamental news and positive US ...

The euro was able to maintain its recent bullish trend vs. the US dollar yesterday, after smooth debt auctions from Italy and Spain helped boost confidence in the euro-zone economic recovery. The EUR/USD saw significant gains earlier in the week, following a speech from Fed Chairman Bernanke in which he commented that the US economy was not growing quickly enough. Today, the dollar will have an opportunity to recoup its recent losses when the US Core Durable Goods Orders figure is released at 12:30 GMT. Analysts are predicting that the figure will come in well above last month's. If true, the greenback could see gains as a result. Economic News USD - Dollar Reverses Losses vs. JPY, AUD While the US dollar was not able to reverse its recent bearish trend against the euro yesterday, it ...

The euro hit a three-week high vs. the US dollar on Friday, following a disappointing US housing figure. The New Home Sales figure came in at 313K, well below the 326K analysts had been forecasting. The EUR/USD moved up as a result, reaching as high as 1.3282 before staging a slight downward correction to close out the week at 1.3268. Turning to today, traders will want to note the US Pending Home Sales figure, scheduled to be released at 14:00 GMT. Should the figure come in below the forecasted 1.0%, the euro may be able to extend its bullish run against the USD. Economic News USD - Dollar Turns Bearish amid Disappointing Housing Data The dollar fell against most of its main currency rivals on Friday, following the release of a disappointing housing statistic. While most other sectors ...