With few economic indicators expected to be released today, all eyes have turned to the Reserve Bank of New Zealand (RBNZ) as it positions itself to cut short-term interest rates by an expected 50 basis points. New...
Today’s US Dollar Trading • USD weakens in early New York, rallies to end the day• Traders note unexpected action and stops driving trade• Volumes lighter on the rally, volatility likely scares off some traders
Today’s US Dollar Trading • USD lower in Asia, firms into New York and holds• New highs in CAD but USD ends mixed• Traders note solid bids in some pairs on the dip
The Dollar is likely to go volatile during and following the speech by the U.S. Federal Reserve Chairman Ben Bernanke today at 12:30 GMT. Meanwhile, forex traders are advised to take positions on trades, as a string...
Overnight Asia/Europe • USD gaps lower in Asia, rallies in Europe• Two-way technical action, stops drive trade• Traders note cross-spreaders in GBP active
The Dollar is set to be the dominant currency in the forex market this week, as the banking crisis returns to the forefront. The banking share slump and the bullish Oil prices may hurt the Dollar this...
Analysts expect the Dollar to fall further against its major currency crosses today, as the U.S. it expected to release some negative economic data, such as Unemployment Claims at 13:30 GMT. In the meantime, forex traders are...
One of the most important events for forex traders is a decision on short-term interest rates by central banks. Today, not 1, but 2 central banks are set to decrease interest rates by 50 basis points. The...
European rate cut decisions, like those expected tomorrow by the ECB and BoE, typically result in traders pricing-in the impact a day or two ahead of schedule. As such, we may be seeing the depreciation of the...
Today’s US Dollar Trading • USD whipsaws in two-way action, ends flat• Yen above the 98.00 handle in light trade• Stops in range drive action both ways
