Category: Daily Forex Reports

Overnight Asia/Europe •    USD starts firm in Asia, weakens into Europe•    G-20 seen as a disappointment•    Volumes light and technical trade continues

After depreciating consistently over the past few weeks, the USD is now traded over 1.29 against the EUR, and over 1.40 against the GBP. This week on Wednesday, at 18:15 GMT, the Federal Reserve will deliver an...

The finance ministers and central bankers from the top 20 industrialized nations are set to begin another economic summit today in which a multitude of recent concerns about the economy will likely be addressed. These meetings, which...

During yesterday’s early afternoon hours, Crude Oil received a hasty sell-off when investors unwound their positions for riskier assets. With a recent boost to equity markets, the USD has also found itself losing strength to a number...

Today’s US Dollar Trading •    USD volatility continues but majors hold gains•    S/R tested and some pairs hold•    Stops seen in USD/JPY and a weak close

With few economic indicators expected to be released today, all eyes have turned to the Reserve Bank of New Zealand (RBNZ) as it positions itself to cut short-term interest rates by an expected 50 basis points. New...

Today’s US Dollar Trading •    USD weakens in early New York, rallies to end the day•    Traders note unexpected action and stops driving trade•    Volumes lighter on the rally, volatility likely scares off some traders

Today’s US Dollar Trading •    USD lower in Asia, firms into New York and holds•    New highs in CAD but USD ends mixed•    Traders note solid bids in some pairs on the dip

The Dollar is likely to go volatile during and following the speech by the U.S. Federal Reserve Chairman Ben Bernanke today at 12:30 GMT. Meanwhile, forex traders are advised to take positions on trades, as a string...

Overnight Asia/Europe •    USD gaps lower in Asia, rallies in Europe•    Two-way technical action, stops drive trade•    Traders note cross-spreaders in GBP active