News
Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (2)
- Created on Tuesday, 24 November 2009 21:24
- Written by Ivan Yurukov
There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (2)
Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows
- Created on Tuesday, 24 November 2009 21:24
- Written by Ivan Yurukov
There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows
Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (3)
- Created on Tuesday, 24 November 2009 21:24
- Written by Ivan Yurukov
There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (3)