Dow 20k Disappoints For 14th Day As Crude Crumbles, Peso Pounded
Disappointment again...
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US Dollar
FX Markets Are Turmoiling
The US Dollar index is soaring, up most in a week as OPEC events and the London Fix ripple through FX markets. Yen, Euro, and Aussie Dollar are all plunging...
FX chaos into the EU close...
EURUSD breaks below 1.06 and USDJPY blows thru 114...
And the Aussie Dollar is collapsing after last night's terrible housing data...
US Dollar Index Probably Due for a Slight Pullback Next Week (Video)
By EconMatters
We delve into the recent 10-Day move in the US Dollar Index, and look at the major currency pairs in this video. The Oil and commodity related currencies may outperform against the US Dollar next week on optimism regarding an OPEC deal getting done. Expect a largely range bound market in an overall light holiday trading week.
Dow Closes Above 18K Despite Buying In Bonds, Gold, And VIX
Before we start, there is this...
And the market knows how crap things are as it prices out any rate hikes...
So the incessant bid for stocks (at record valuations) is...
Stocks Surge To 11-Month Highs (Then Drop) On Lowest Volume Day Of 2016
To sum up today: "Investors" bought stocks, bonds, gold, oil, Yen, Loonies, Iron ore, high yield bonds... and VIX?