| NFPs Stoke Volatility but what will Supply the Dollar with Direction? (Forex Video) (Daily FX) It wasn't a clear reaction for the Dollar after the unemployment rate shot to a 26-year high; but the technical pressure the event supplied draws us one step closer to a new trend. us.rd.yahoo.com |
US Dollar Forecast for Recovery Will be Put to the Test (Daily FX) The US Dollar finished the week higher against the Euro and other key counterparts, but a sharply disappointing Nonfarm Payrolls report nearly derailed the nascent Greenback recovery through Friday?s close. us.rd.yahoo.com |
Fitch 2010 U.S. Commodity Food Outlook: Global Demand to Drive Profits; Liquidity Limits Downside (Business Wire) CHICAGO----In 2010, Fitch Ratings expects potential improvement in global protein demand to drive industry profits and cash flow, given a mixed outlook on costs. Due to the absence of losses associated with high cost corn hedges, protein producers should realize lower average annual grain costs in 2010 even though the price of corn could increase from current levels. us.rd.yahoo.com |
Surge in U.S. Producer Prices Offset By Weak N.Y. Manufacturing Data (Daily FX) U.S. producer prices jumped 2.4% from a year ago which was the largest increase in 14 months. The rise follows last month’s -1.9% reading and far exceeded economists forecast for a 1.8% gain. us.rd.yahoo.com |
EUR/USD Is Ideal Scalping Target Ahead Of ECB Decision (Daily FX) The Euro after breaking from recent consolidation has started to trade sideways which should continue with the ECB rate decision scheduled for tomorrow. The looming event risk generally is preceded by a period of consolidation as intuitional traders wait in the sidelines, creating the ideal low risk environment for executing scalping strategies. us.rd.yahoo.com |