Speculators Hit USD Hard, Pushed Its Bets Towards Equilibrium With EUR

Speculative traders on the Chicago Mercantile Exchange sent a very strong signal indicating the excessive negative impact of the Fed's 3rd round of quantitative easing "QE3" on the USD, data from the Commodity Futures Trading Commission showed on Friday. Traders increased their open short USD ... FF News: Fundamental

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Europe Week Ahead: German Ifo, Eurozone -M3, -ESI, -Flash HICP

We forecast a small decline in the German IFO index of business climate in September, from 102.3 to 102.0, as opposed to consensus expectations centring on a small rise. The IFO was relatively resilient in H112 and in recent months, hence we think that there is limited potential for a strong rebound... FF News: Fundamental

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Week in FX Europe – Greece Selling Real Estate as Spain Denies Bailout Request

The last two weeks have been good for Spain. So good in fact that they are taking their time in sending a formal bailout request to the ECB. Mario Draghi's committment to the euro and unlimited bond-buying program made this week's Spanish bond auction very successful with yields of 5.666%. This has... FF News: Fundamental

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Gold and Silver – Breaking Above Week-long Consolidation Range

Gold was basically in a range-bound consolidation this week – Not a double top as price held above 1750. As we enter the last trading session this week, it is breaking into new highs for the week, putting the focus on the 1790.20 2012-high. Bullish momentum is maintained, as the 4H RSI held above 40... FF News: Technical

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