Currency Analysis By Paul Kavanaugh, PFGBEST 1 888 439 6033 pkavanaugh@pfgbest.com 35th straight week of net long US dollar bets Euro hit new 4 month low Friday May 18th Large speculators added to massive net short Euro bets, net shorts (full story)
The Daily Market Update provides some insight into the significant fundamental and technical developments from the previous and overnight sessions and how they could effect the current session's market action. (full story)
BANGKOK (AP) — Assurances that world powers want debt-laden Greece to remain in the euro helped support world stock markets Monday after sharp losses over the past week. (full story)
Matthew Bradbard - RCM Asset Management - Fri May 18, 4:47PM CDT
A weekly technical update each Monday in spreadsheet format to help you develop that week's game plan by identifying the short-, medium- and long-term trends as well as support and resistance levels and market sentiment. (full story)
Matthew Bradbard - RCM Asset Management - Fri May 18, 4:43PM CDT
Metals: Gold will finish the week higher by approximately $7/ounce but that does not tell the story being we had a $70 trading range. Gold briefly traded to ten month lows with prices approaching $1525. Followers hopefully heeded my advice and were buyers under the $1535 level...see... (full story)
NEW YORK (AP) — The dollar fell against the euro for the first time in a week, as excitement about Facebook's initial public offering overshadowed problems in Europe. (full story)
LONDON (AP) — Concerns that Europe's debt crisis could drag down parts of the continent's banking system rattled global markets on Friday, while the IPO of social network Facebook failed to buoy spirits on Wall Street. (full story)
The Daily Market Update provides some insight into the significant fundamental and technical developments from the previous and overnight sessions and how they could effect the current session's market action. (full story)
Alan Bush - Archer Financial Services - Fri May 18, 8:45AM CDT
The euro declined to a new four month low against the U.S. dollar in light of the deteriorating economic and political situation in the euro zone. (full story)
Oil prices edged toward $93 a barrel Friday as financial markets stabilized after a sharp two-week sell-off caused by the latest flare-up in Europe's debt crisis and a gloomy economic outlook. (full story)