Today’s US Dollar Trading • Quiet volumes and subdued price action• US data encouraging but not market moving• Traders note thin conditions likely to continue Overnight Preview • Look for consolidation and continued two-way trade• No market-moving news...
Overnight Asia/Europe • USD two-sided• Volumes light• Most of Asia closed, Europe closed for Easter Break Today’s Economic Reports • 9:00 AM CDT Existing Home Sales forecast 4.86M• 9:00 AM CDT Consumer Confidence forecast 75.0 Looking Ahead •...
Today’s US Dollar Trading • USD consolidates firmer in two-way action• Recovers overnight losses in New York trade Overnight Preview • Expect more book-squaring and consolidation ahead of Philly Fed Looking Ahead • 9:00 AM VDT Thursday Philly...
Today’s US Dollar Trading • Big news is Fed rate cut, 75 BP• Markets are “disappointed”• USD begins rally Overnight Preview • Look for more USD short-covering and book squaring• Volumes likely to surge if close-in stops hit...
Today’s US Dollar Trading • USD takes another plunge on Fed action and liquidity fears• Equities have violent day, end positive• Lots of jawboning for a better USD Overnight Preview • Expect volatility and more rhetoric• Traders expect...
Today’s US Dollar Trading • USD gives back Tuesday’s gains• Volumes lighter but sentiment relentless• EURO scores another new high Overnight Preview • Traders expect two-way action• Likely to have downward bias continue Looking Ahead • 7:30 AM...
Overnight Asia/Europe • USD initially firmer in Asia, breaks lower in Europe• Traders note stop-driven trade• Demand for EURO from Middle-East accounts noted Today’s Economic Reports • None of note in the US Looking Ahead • All eyes...
Overnight Asia/Europe • USD recovers in Asia, falls in late Europe• German ZEW better than expected, EURO rallies to new high• Cable follows EURO higher Today’s Economic Reports • 7:30 AM CDT Balance of Trade forecast -59.5B Looking Ahead • Friday CPI forecast...
Overnight Asia/Europe • USD two-sided inside established ranges• Technical trade expected Monday• UK data showing strong inflation Today’s Economic Reports • None of note in the US Looking Ahead • Overnight Tuesday German ZEW sentiment• 7:30 AM CST...
Today’s US Dollar Trading • USD has volatile day• US data no help• EURO sets another record high Overnight Preview • Traders are watching ECB closely, expect hawkish rhetoric• Book squaring likely Looking Ahead • ECB and BOE...
