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Developing themes in the world economy are expected to drive price action in 2012, but doing your homework and having a good set of rules will be key to trading the news.
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Developing themes in the world economy are expected to drive price action in 2012, but doing your homework and having a good set of rules will be key to trading the news.
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The greenback tumbled lower ahead of the New Year, with the Dow Jones-FXCM U.S. Dollar index slipping to a low of 9,924, but the recent weakness is likely to be short-lived as the fundamental outlook for the world’s largest economy improves.
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Gold continued to decline yesterday, while silver changed direction and slightly rose yesterday. Both precious metals didn't do well in recent weeks, but what is up ahead for gold and silver on the last business day of 2011?
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Risk sentiment picked up ahead of the New Year despite the drop in market participation, but the rebound in risk-taking behavior is likely to be short-lived as the outlook for 2012 remains clouded with high uncertainty.
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