Stocks and Risky Assets Down after Rise in Durable Goods
Dollar likely to Rise against Swiss Franc, Japanese Yen
The Dollar is trading weaker across the board except the Japanese Yen. Investors are feeling more confident about the global economic recovery and shedding safer currencies. Commodity-linked currencies are trading higher let by the Australian Dollar as traders buy ahead of tomorrow’s CPI report.
Stocks, Commodities Set to Rise as China Loosens Currency
Stocks and commodities are set to surge today after China loosened its reins on the Yuan over the week-end. Although the timing of the move by China to allow its currency to appreciate against the Dollar came as a surprise, the action followed months of serious negotiations between the U.S. Treasury and the Chinese government.
Euro Continues to Rise after Breaking Retracement Zone
Stocks Continue to Rise amid Increased Risk Appetite
U.S, Stocks, Rise, Overnight, after, Reversal, Bottom, Formation
The June E-mini S&P 500 followed through to the upside Tuesday night confirming the daily closing price reversal bottom formed earlier in the day. Based on the current short-term formation, traders should watch for a 2 to 3 day retracement with 1105.75 to 1122.00 the next possible upside target.
Commodities, Equities Rise Overnight; Bernanke Likely to Move Markets
Commodities, Stocks likely to Rise if Dollar keeps Weakening
June Gold is trading higher overnight because of increased demand for higher yielding assets and the weaker U.S. Dollar. Bullish traders seemed to be unfazed by the optimistic developments over the Greece debt situation. Earlier in the week gold bugs were buying the metal on speculation of a possible default by Greece.