Category: Daily Forex Reports

Today’s US Dollar Trading •    USD reverses to go two-way after London fix•    US data considered unfriendly to equities and USD•    Traders note stops above the market

The USD has gained much support lately as it extends gains against most of its currency counterparts, primarily the EUR and JPY. Barack Obama’s announced stimulus package has done its part in boosting investor confidence that the...

Today’s US Dollar Trading •    USD reverses from early highs, makes lows in some pairs•    Equities better but USD/JPY fails to gain•    Technical objectives met

Overnight Asia/Europe •    USD firmer overnight•    Stops seen in most pairs lifted USD•    Liquidation of GBP crosses continues

A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy.

Overnight Asia/Europe •    Early USD weakness gives way to strength•    Equities mixed, Oil firmer•    Speculation two-way on what will happen early in the year

Looking ahead to the 1st quarter of 2009, traders are advised to pay close attention to Barack Obama’s stimulus package. Obama’s stimulus package is likely to have an impact on the dollar in 2009. The U.S. may...

Forex traders may have noticed this week that currency prices are moving much more rapidly than normal. With the holiday season, most banks are coming and going from the market, and money is being pulled out by...

The approaching year end and illiquid forex market has produced large short term price movements. Traders may find opportunities to profit from these quick price spikes by closely following their hourly chart. With many large market makers...

For the first time in decades economists are saying that we are heading for another Great Depression. With stocks continually sliding, sales dropping, and almost all global economies contracting simultaneously, these economists may not be far off...