Category: Daily Forex Reports

Overnight Asia/Europe •    USD opens flat and two-way in Asia, firms into Europe •    Traders note technical action for the most part•    Volumes light, stops noted, crosses again active

The USD rose to the highest level in almost two months against the European currency ahead of a report tomorrow will show European producer prices slid a fifth month, giving the European Central Bank (ECB) more room...

The Dollar has gone bullish since the beginning of yesterday’s trading, and ahead of the release of today’s release of Advance GDP figures at 13:30 GMT. Results better than the forecasted -5.4% is likely to make the...

Today’s US Dollar Trading •    USD starts weak and reverses•    FOMC announcement initially seen as positive•    Stops seen driving trade

The Dollar moved sharply higher as the Federal Reserve held its benchmark interest rate at a historic low while it is exploring other alternative methods for fixing the American economy. The passage of Barack Obama’s economic stimulus...

Today’s US Dollar Trading •    USD starts better in Asia, gives back gains in New York•    Some whipsaw seen on light stops and thin conditions•    Most eyes focused on FOMC tomorrow

Today’s US Dollar Trading •    USD fails to hold overnight gains, Swissy makes lows late•    Volumes thinner but better into the lows•    Two-way action evident but stops and short-covering drive trade

The Dollar has strengthened in early trading as last week’s worries of fundamental weakness in the European and British economies continue. Will the Dollar further appreciate as the appetite for riskier currencies dwindles?

Today’s US Dollar Trading •    USD holds gains amid whipsaw•    GBP holds above 1.3900 into the close•    Equities drop, volumes light