FX Trading

April Consumer Confidence Hits 14-month High, USD Pares Loss
Currencies

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THE TAKEAWAY: April U. of Michigan Confidence Final Index Rose to 76.4 > Americans Appeared Optimistic about the State of the Economy> USD Pares Loss vs. Most of its Major Peers Confidence among U.S. consumers hit fourteen-month high in April, reflecting their optimism about the prospective strength of the economy and rising expectations on business conditions, employment and income. The Thomson Reuters/ University of Michigan final index mounted to 75.3

Breaking News - Consumer Sentiment for April
Commodities

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Consumer Sentiment for April slightly better than expected

Euro Shrugs Off Early Session Declines; Sights Set on Key 1.3300 Barrier
Currencies

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Euro bounces by key hourly support German GfK softer than expected Swiss KOF exceeds consensus estimates S&P downgrades Spain two notches to BBB PM Rajoy comments contribute to early risk off price action Yen sees whipsaw trade post new BOJ measures SNB back in focus; keeping an eye on EUR/CHF Well, it certainly didn’t take the markets long to shrug off the latest S&P Spain downgrade, downbeat comments from the

US Dollar Expected to Rise vs Euro, Waiting for Entry to Sell Yen
Currencies

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Major Currencies vs US Dollar (% change week-to-date) EURUSD: Holding Short Below Key Trend Line USDJPY: Waiting for Long Entry Opportunity GBPUSD: Year-Old Trend Line Barrier in Sight

U.S. GDP Disappoints
Commodities

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The Uof Economic Analysis released its Q1 report.

Crude Spikes Through Channel and Fails….Again
ETF

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Daily Bars Prepared by Jamie Saettele, CMT As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Interim support is 10310 and focus is on the bottom of the range at 10180. Bottom Line (next 5 days) – lower

EURUSD FXE
Currencies

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DailyBars Prepared by Jamie Saettele, CMT The EURUSD rally failed between former supports at 13250 and 13275. The level is reinforced by the underside of former trendline support as well. Nothing has changed from a trend standpoint as the rally from 12994 is slow, overlapping, and shows no impulsive characteristics. 13170 and 13104 are supports for Friday. Bottom Line (next 5 days): topped and lower?

Swiss Franc Trades Nervously on SNB
Currencies

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USDCHF – Our Speculative Sentiment Index shows that retail trading crowds remain net-long the US Dollar (ticker: USDOLLAR) against the Swiss Franc. Normally this would lead us to call for near-term losses. Yet the USDCHF remains stuck in a frustratingly narrow range, and only a break below SFr 0.9000 would signal that fresh lows are entirely likely. As it stands most are watching for clues that the Swiss National Bank

Dollar Slips after Fed Forecasts Turn Slightly More Hawkish?
Commodities

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Dollar Slips after Fed Forecasts Turn Slightly More Hawkish? British Pound Resilient Despite Double Dip Recession New Zealand Dollar Advances after RBNZ’s Slightly More Dovish Tack Japanese Yen Gains Despite Positive Risk Sentiment Euro: ECB President Draghi Eases His Inflation Tone Canadian Dollar Looking to Capitalize on Break to 7-Month High Gold Recovers from Yet Another Early Fall Thanks to the Dollar Dollar Slips after Fed Forecasts Turn Slightly More

USD Advances Curbed By Cautious Bernanke – 9900 Remains Critical
Currencies

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    The greenback is softer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.18% on the session. The FOMC interest rate decision was central focus today with the central bank maintaining its pledge to keep rates anchored through 2014 while giving a slightly more upbeat assessment of the economy. The Fed raised its 2012 growth forecast to 2.4%-2.9% from