The Dollar is set to be the dominant currency in the forex market this week, as the banking crisis returns to the forefront. The banking share slump and the bullish Oil prices may hurt the Dollar this...
Analysts expect the Dollar to fall further against its major currency crosses today, as the U.S. it expected to release some negative economic data, such as Unemployment Claims at 13:30 GMT. In the meantime, forex traders are...
One of the most important events for forex traders is a decision on short-term interest rates by central banks. Today, not 1, but 2 central banks are set to decrease interest rates by 50 basis points. The...
European rate cut decisions, like those expected tomorrow by the ECB and BoE, typically result in traders pricing-in the impact a day or two ahead of schedule. As such, we may be seeing the depreciation of the...
Today’s US Dollar Trading • USD whipsaws in two-way action, ends flat• Yen above the 98.00 handle in light trade• Stops in range drive action both ways
The USD rose to its highest level in 2 years against all of its major currency counterparts on speculation that the U.S. government would pour a further $30 billion into American International Group (AIG), fuelling safety buying...
Today’s US Dollar Trading • USD mixed to start Asia, firms in Europe• BOK sells USD to support WON• Stops in-range in most pairs, tech trading dominates
The USD may continue to strengthen on global economic weakness. As equity markets maintain their bearish momentum, the Dollar has shown considerable strength. The trend of buying Dollars over other major pairs could continue into this week...
President Barack Obama’s announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow...
Despite forecasts for a depreciation of the Dollar, many economists are now saying that the negative housing data released from the United States yesterday may actually bolster the USD. These contradictory claims are a result of the...
