FX Traders Watching EU Yields

 The EURUSD has stayed surprisingly resilient despite the negative news surrounding the Euro in the last 24 hours. Moody’s downgraded Spain to Aa1 with the outlook at stable which did not provide much of a reaction. EU Commission President Barroso & German Chancellor Merkel’s strongly worded comments yesterday are still ringing in our ears which suggested that there are still significant…

Thursday Look Ahead: Stocks Set to Close Out Best Quarter in a Year and Best September in 70 Years

Stocks are set to close out the third quarter with the best quarterly performance in a year, but traders are wondering what October will bring after September’s record-setting performance and outsized moves in commodities, bonds and the dollar.

Doji signals indecision for DIA

The Dow Industrials SPDR(DIA) signaled indecision on Wednesday with a small doji. Wednesday marks the fourth straight close in the 108-109 area. Doji can sometimes foreshadow a reversal, such as in early August. Alternatively, doji can simply mark a rest in the uptrend, such as mid September.


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