Flash: Consolidation is the theme - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman said Yesterday's US dollar slump was marginally extended against most of the major currencies today.

Key Quotes:

"ECB President Draghi's lack of urgency appears to have awoken the markets out of a slumber. However, with intra-day technicals stretched, we suspect outside of the early knee-jerk response to the headline news today, consolidation will be the main feature going into the weekend."

Mar 7, 2014

Flash: EUR to face renewed pressure - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained, in a notably reactionary stance, President Draghi highlighted that with PMIs, GDP and inflation having all firmed the ECB is prepared to see how the dynamics unfold from here.

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Mar 7, 2014

US stocks close the week with decent gains; S&P 500 at new record highs

Wall Street closed Friday with a mixed note as the Dow and S&P finished higher but the Nasdaq was negative on the day. However, the week reported decent gains in the three major indexes as investors digested well Ukraine crisis and assumed weather conditions were really severe in the past two months.

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