Dollar Ends the Week Relatively Unchanged as Traders Weigh Global Risk against NFPs
• Euro Regains Some Lost Ground, though the ECB and Greece will Keep the Currency Under Pressure
• Pound Extends its Plunge despite Positive Growth Revisions and Improved Sentiment
• Australian Dollar Could Extend its Lead Over its Peers with an RBA Rate Decision and 4Q GDP
Tempered Risk Trends Prevents a Crude Oil Bear Trend
Just 24 hours ago, crude was pitched into its sharpest decline in three weeks; and the bullish trend the commodity had carved for most of the month seemed over. However, in a sign that recent high levels of volatility do not have an outlet in the form of a clear trend; the commodity would reverse most of its losses through Friday and position the market back within a broad range between $80 and $77.50.
Tempered Risk Trends Prevents a Crude Oil Bear Trend
Just 24 hours ago, crude was pitched into its sharpest decline in three weeks; and the bullish trend the commodity had carved for most of the month seemed over. However, in a sign that recent high levels of volatility do not have an outlet in the form of a clear trend; the commodity would reverse most of its losses through Friday and position the market back within a broad range between $80 and $77.50.