An Interesting Week for Trading
The USD may in fact lose its direction this week from the opposing forces affecting it. The EUR may see a reversal emerge from world data worse than its own, and the Japanese economic slowdown is cutting...
Category: Daily Forex Reports
Traders note volumes and conditions at almost zero
Today’s US Dollar Trading • Traders note volumes and conditions at almost zero• Stops drive a lot of the majors lower• USD/JPY into the 97.00 area Overnight Preview • Look for consolidation and a quiet night • USD...
Traders report thin conditions after the start of New York
Today’s US Dollar Trading • GBP drops to 2008 lows; EURO makes new 2008 lows• Technicians suggest over-sold conditions brewing Overnight Preview • Look for majors to hold ranges• Light economic news Looking Ahead to Wednesday All times...
Two-way trade after the open
Today’s US Dollar Trading • Two-way trade after the open• US data negative but traders still watching credit• Technical trading finds some stops
Forex analysis
• USD has a technical day, holds S/R • Volumes continue to remain off • Traders remain unsure how to play the bailout
USD remains range-bound
• USD remains range-bound• Traders see two-way action and stops as the main event today• Fundamentals being ignored in favor of rhetoric
Bailout Plan Fails To Impress Stock Prices. USD Strengthen Nonetheless
The USD completed yesterday’s trading session with mixed results versus its major rival currencies amid the financial turbulence which is shaking global markets. Yesterday world stocks tumbled to three-year lows in a day know now as Black...
Forexpros.com Daily Analysis – 07.10.08
Today’s US Dollar Trading• Stops and active selling drive majors to new lows• USD/JPY falls to parity• Volumes only moderate Overnight Preview• More follow-on selling expected• USD likely to consolidate Looking Ahead to Tuesday All times EASTERN (-4 GMT)• 11:00am USD FOMC Member...
New Home Sales Figure Disappoints but Interest Rates Counter
Traders witnessed a minor phenomenon in the market yesterday regarding the USD. Despite predictions by analysts that a lower-than-forecast New Home Sales figure would weaken the USD, it actually did the opposite in spot trading. With the...
Will the U.S. Housing Market Show Further Signs of Stress?
The U.S. economic rescue plan, as well as the Home Sales figures, has created a frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Today, traders should...