| Forex Correlations (September): Market Participants Slowly Shifting Their Focus from Risk to Growth (Daily FX) Through the close fundamental ties between the Euro Zone, UK and Swiss economies; we would expect to see a significant correlation develop in their respective currencies as the health of one major player will impact its peers. us.rd.yahoo.com |
British Pound Surges into Fibonacci Resistance (Daily FX) The GBPUSD has surged through 1.6130 and is testing the former neckline from the September head and shoulders breakdown. There is Fibonacci resistance at 1.6350. The USDJPY has continued higher and a target is 92.80. us.rd.yahoo.com |
Dollar decline continues as trade deficit widens (AP) The dollar dropped Friday after the government said the trade deficit widened in September, while the 16-nation eurozone officially emerged from recession, luring investors away from the safe-haven dollar. us.rd.yahoo.com |
William Pesek: Rest of the world could learn from Mr Boring Glenn Stevens has no misgivings about not being the life of the party.The Reserve Bank of Australia Governor sometimes jokes about boring audiences with his comments and speeches. Looking at Australia's contrarian experience during... nzherald.co.nz |
US housing news weighs on world markets (AP) European stock markets extended losses Monday as a Wall Street rally ground to a halt following particularly bad U.S. housing data and ongoing concerns about President Barack Obama's plan to curb banks' risk-taking. us.rd.yahoo.com |