Addressing Congress yesterday, President Barack Obama made an effort to boost confidence in the economy by stating that America could recover and emerge from this crisis stronger than ever. His recent stimulus plan, he says, is meant...
The EUR/USD saw extremely high price volatility yesterday. When the pair reached its intra day high which coincided with the opening the New York trading session, it depreciated to its opening price for the day. Driving the...
The U.S. Dollar is increasingly being chosen over the Yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the Dollar yesterday as the Yen begins to lose favor...
Today’s US Dollar Trading • TICS shows coverage, weak Empire fails to discourage USD bulls• USD holds gains but volumes are lower• Majors hold key support initially
Following the signing of President Barack Obama’s economic stimulus bill yesterday, the USD made modest gains against most of its currency rivals. In expectation of today’s housing data, the USD may continue to strengthen unless this news...
The Dollar rallied yesterday on possible Interest Rate cuts in the Euro-Zone while in Japan GDP and an intoxicated Finance Minister helped push the Yen Lower.
It appears that actions taken by the new administration of President Barack Obama might help to restore confidence among investors in the United Sates economy. U.S. Treasury officials said on Saturday that the U.S. dollar is likely...
Today’s US Dollar Trading • Whipsaw the rule; USD ends off the highs• Volumes light, conditions thinner• Traders note sovereign interest in EURO on dips
Yesterday’s drop in Crude Oil prices lent weight to the notion that traders are expecting the consolidating USD to spike in value versus its major currency pairs in the not-too-distant future. The passage of Barack Obama’s stimulus...
The EUR fell sharply in late-day trading after it was reported that Russian banks may seek to restructure over $400 billion loans. This adds to the already fragile European banking system and highlights the considerable tension that...
