Author: forexpros.com

Today’s US Dollar Trading •    US data shows more contraction, equities rally•    USD hit hard but drop may be temporary•    All eyes turn to election results

Become part of the Forexpros webinar club as they launch their first ever webinar on Monday 10th November at 3pm GMT. Hosted by Dr. Sivaraman from i-know indices, it will focus on current Forex market conditions. For...

Today’s US Dollar Trading   •    USD ends lower after starting weaker in Asia overnight •    Fed cuts rates as expected but only 50 BP •    Equities firm but two-way lending pressure to the majors.

Today’s US Dollar Trading •    USD falls back for the most part•    Volumes a bit better late•    Traders note a correction is likely

Today’s US Dollar Trading •    Traders note volumes and conditions at almost zero•    Stops drive a lot of the majors lower•    USD/JPY into the 97.00 area Overnight Preview •    Look for consolidation and a quiet night •    USD...

Today’s US Dollar Trading •    GBP drops to 2008 lows; EURO makes new 2008 lows•    Technicians suggest over-sold conditions brewing Overnight Preview •    Look for majors to hold ranges•    Light economic news Looking Ahead to Wednesday All times...

Today’s US Dollar Trading •    Two-way trade after the open•    US data negative but traders still watching credit•    Technical trading finds some stops

 •    USD has a technical day, holds S/R •    Volumes continue to remain off •    Traders remain unsure how to play the bailout

 •    USD remains range-bound•    Traders see two-way action and stops as the main event today•    Fundamentals being ignored in favor of rhetoric

Today’s US Dollar Trading• Stops and active selling drive majors to new lows• USD/JPY falls to parity• Volumes only moderate Overnight Preview• More follow-on selling expected• USD likely to consolidate Looking Ahead to Tuesday All times EASTERN (-4 GMT)• 11:00am USD FOMC Member...