Today’s US Dollar Trading• USD retreats from Friday’s gain• US data benign—points to more losses• Speculation grows that USD will fall Overnight Preview• Look for the USD to consolidate• Expect two-way action Looking Ahead to TuesdayAll times EASTERN...
Today’s US Dollar Trading• USD fails to hold gains• Stops run early• Two-way action suggests offers building Overnight Preview• Look for consolidation with a downside bias• USD likely to open lower in New York tomorrow Looking Ahead...
Today’s US Dollar Trading• USD continues to advance but volumes slow• Traders report thin order books• US data today benign Overnight Preview• Look for two-way trade• USD to consolidate Looking AheadAll times EASTERN (-5 GMT)• 10:35am USD...
Today’s US Dollar Trading• USD two-way is moderate trade• Majors correct into support but hold firm• US data surprises to the upside Overnight Preview• Look for the USD to trade two-way• Not a lot of news until...
Today’s US Dollar Trading• USD reverses from highs overnight, ends mixed• US data neutral to favorable but no follow-through• Volumes lighter as traders are confused Overnight Preview• Traders expect two-way action with the majors to consolidate• Likely...
Today’s US Dollar Trading • USD mixed, US data no help• Stops drive a lot of early trade• S/R broken but the majors bounce back Overnight Preview • USD likely to trade two-way• Consolidation ahead of the news...
Overnight Asia/Europe • USD mixed, volumes modest• UK news disappoints Cable• Technical trade overnight Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing Prices• 10:00am USD Construction Spending m/m Looking Ahead...
Today’s US Dollar Trading • USD starts lower in Asia, rallies in Europe• Rallies on Durables data then fades• Ends New York Mixed Overnight Preview • Look for the USD to continue under pressure ahead of GDP tomorrow•...
Today’s US Dollar Trading • USD starts slow; makes a show for strength in NY• US data mixed and of little help• Traders await more tomorrow Overnight Preview • Look for a rally in the USD overnight• Lack...
· USD consolidates· Mixed against the majors· UK data boosts GBP
