Traders witnessed a minor phenomenon in the market yesterday regarding the USD. Despite predictions by analysts that a lower-than-forecast New Home Sales figure would weaken the USD, it actually did the opposite in spot trading. With the...
The U.S. economic rescue plan, as well as the Home Sales figures, has created a frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Today, traders should...
Today’s US Dollar Trading• USD covers the same ground twice in two-way action• Volumes modest• Traders remain focused on bailout options Overnight Preview• Look for the USD to remain two-sided• Potential to rally increasing Looking Ahead to Thursday All times EASTERN (-4...
Today’s US Dollar Trading• USD rallies in US trade after starting weaker in Asia• Two way technical trade the rule today• Traders note volumes were moderate Overnight Preview• Look for more consolidation• Two-way action likely Looking Ahead to WednesdayAll times EASTERN (-4...
Traders will listen to two crucial testimonies to be given by U.S. Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson today. These will represent the initial steps in the deliberation and implementation of their newly proposed...
With Interest Rates being held steady in the US and Japan, European financial leaders implementing growth policies, and the decreasing global demand for energy, market stability appears to be the primary focus in the market. Bank failures...
This week could end the USD’s bullishness as the American stock markets’ values have been dropping and the financial crisis seems to continue. Over the weekend, it was announced that the US Government seized control of mortgage...
Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without...
Today’s US Dollar Trading• USD fails to extend gains• Majors make highs in New York• BOC keeps rates firm Overnight Preview• Look for follow-on selling Looking Ahead to Thursday All times EASTERN (-4 GMT)• 8:15am USD ADP Non-Farm Employment Change• 8:30am USD Revised...
The Dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday’s trading session, even seeing prices dip under 1.45. This Dollar rally is continuing as this analysis is being posted as the EUR/USD now stretches...
