28 February 2011,
Unrest in Libya Boosts Crude Oil to $99.90; Non-Farm Payrolls Week Begins
Last week's most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While the Libyan turmoil is likely to affect this week's session as well, another significant news event will have a large impact on the market; the U.
24 February 2011,
US Dollar Tumbles as Investors Turn to Riskier Assets
The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the dollar as its positions are unwound in exchange for higher yielding assets.
23 February 2011,
NZD Sees Slight Correction in Overnight Session
Following yesterday's devastating earthquake in New Zealand, the NZD/USD dropped close to 200 pips, reaching as low as 0.7430 before staging a slight correction in the Asian session. The pair is currently trading just above the 0.
22 February 2011,
Crude Oil Soars on Middle East Risk Premium
Spot crude oil prices rose to their highest level of the year following further violence in Libya and Yemen, as well as protests in Iran. As unrest spreads, crude oil and the US dollar look to benefit from further geopolitical risk aversion.
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