The Dollar consolidated gains against the EUR and JPY before the high impact U.S. Non-Farm Payrolls Report is released today. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good...
Today’s US Dollar Trading • USD gains but off the highs, stops help drive trade• Volumes still lighter• Majors hold S/R suggesting more two-way action
Most currencies, with the exception of a few, have been leveling off lately in anticipation of today’s interest rate decisions in Europe and Britain. The European Central Bank (ECB) has been forecast to maintain its current rate...
Today’s US Dollar Trading • Equities gain, lifts EURO and USD/JPY• Volumes lighter, stops seen in most pairs• US data mixed but create some optimism
Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one...
The currency pair which could experience the highest volatility today may be the AUD/USD. The Royal Bank of Australia (RBA) slashed Interest Rates by 100 basis points this morning at 3:30 GMT. This would be the 5th...
Overnight Asia/Europe • USD opens flat and two-way in Asia, firms into Europe • Traders note technical action for the most part• Volumes light, stops noted, crosses again active
The USD rose to the highest level in almost two months against the European currency ahead of a report tomorrow will show European producer prices slid a fifth month, giving the European Central Bank (ECB) more room...
The Dollar has gone bullish since the beginning of yesterday’s trading, and ahead of the release of today’s release of Advance GDP figures at 13:30 GMT. Results better than the forecasted -5.4% is likely to make the...
Today’s US Dollar Trading • USD starts weak and reverses• FOMC announcement initially seen as positive• Stops seen driving trade
