A surprise 25 point basis point Interest Rate cut by the ECB is being digested by the currency markets. But traders won’t have much time to pause as the high impact Non-Farm Employment numbers are released later...
Market participants are eagerly awaiting key data pieces due be released today. The European Central Bank is expected to cut Interest Rates by 50 basis points and weekly U.S. unemployment numbers are predicted to be high. These...
Today’s US Dollar Trading • USD extends ranges in some pairs, volumes light after fix• Majors hold important S/R• Stops likely waiting on either side of the market
Today’s US Dollar Trading • USD ends mixed, S/R holds in two-way action• Stops noted in both directions intraday• Traders on G-20 watch ahead of ECB Thursday
The beginning of a new month always precedes 2 important events in the forex market: the release of immensely important U.S. economic data and an influx of trading after workers receive monthly salaries. Kicking off the month...
Turmoil in the U.S. auto industry had currency traders moving into safe haven positions of the Dollar and Yen. Further equity losses also contributed to a lack of confidence in the global economy and lower risk taking.
Today’s US Dollar Trading • USD holds gains after a stop-driven rally to highs• Majors hold key support on the dip, large names buying• Technical traders likely in control ahead of US data
Overnight Asia/Europe • USD firms overnight, stops drive a lot of trade• US rejects GM and Chrysler deal, equities fade• Traders continue to trade fear ahead of G-20
The Dollar rose yesterday against most of its major rivals as riskier currencies fell out of favor. Despite strong gains in U.S. equities, the Dollar gained ground as the likelihood of further European Interest Rate cuts loom...
Today’s US Dollar Trading • USD ends mixed after violent session• Traders confused over Geither remarks• GBP fails to follow EURO higher, USD/JPY near lows
