Category: Daily Forex Reports

Overnight Asia/Europe •    USD firms as Russians support Ruble•    GBP under pressure to new lows•    Volumes remain thin ahead of inauguration

The Dollar has been loosing ground as investors are looking for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets. The focus is now on...

Analysts expect the Dollar to maintain its strength as global investors continue to see the American currency as a safe haven. Today, traders are advised to follow the Core CPI and Consumer Sentiment figures from the U.S....

Today’s US Dollar Trading •    US data neutral to bearish for USD•    USD holds gains despite two-way action•    Sovereign and semi-official bids seen in EURO

Today’s US Dollar Trading • US Balance of Trade better than expected helps rally USD• Overnight volumes lighter• USD/JPY fails to follow through while other pairs fall

Over the past week, traders have witnessed a gradual depreciation in the value of the EUR. This has been brought about by negative economic news as well as the assumption that the European Central Bank (ECB) will...

Trader’s aversion to risk has continued to push safer currencies higher as global equity markets continue to trend lower. Traders have been unraveling riskier investments financed with loans from currencies with ultra low Interest Rates, predominately in...

Today’s US Dollar Trading • Overnight conditions thin, traders note volumes light• Some stops seen in New York trade• Technical actions dominates

The Dollar recovered against some of its major currency pairs yesterday, as Obama spoke late in yesterday’s trading session. Traders are advised to pay close attention to unexpected rallies in the Dollar prior to January 20th, as...

Yesterday’s ADP Non-Farm Payroll figure in the U.S. indicated a spike in unemployment that may be much higher than nearly anyone expected. As the U.S. economy abandons some of its previous euphoria about exiting this recession early,...