Overnight Asia/Europe • USD higher overnight• No real news driving trade• Two-way action with stops helping to firm USD Today’s Economic Reports • None of note in the US Looking Ahead • 9:00 AM CDT Pending Home Sales forecast -0.5%• 1:00 PM CDT FOMC...
Today’s US Dollar Trading • USD two-sided and volatile• Ends New York mixed• ADP data fails to inspire Overnight Preview • Look for more two-way action, traders expect stops to be tagged• Technical trade likely as news will...
Today’s US Dollar Trading • USD rallies hard on stops and new buying• ISM data better than expected Overnight Preview • Follow-through likely but two-way action could result• Big day for GBP Wednesday Looking Ahead • 7:15 AM...
Today’s US Dollar Trading • USD remains two-sided• US data no factor• EURO attempts new high Overnight Preview • Look for more consolidation• USD likely to remain two-way near-term Looking Ahead • 7:00 PM CDT Monday Japan Tankan...
Overnight Asia/Europe • USD two-way• Opens New York better• Year-end drives Tokyo trade Today’s Economic Reports • 8:45 AM CDT Chicago PMI forecast 46.7 Looking Ahead • 9:00 AM CDT Tuesday ISM Index forecast 48.2• 7:00 PM CDT...
Today’s US Dollar Trading • US data positive but USD falls• EURO rallies past resistance and is again “euphoric”• Sentiment returning to the bearish side traders say Overnight Preview • Look for the USD is firm in Asia...
Today’s US Dollar Trading • USD falls but holds important S/R• US data worse-than-expected but volumes still light• Traders note that stops were the rule today Overnight Preview • Look for reasonable USD follow-through selling • Book-squaring again...
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...
