Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends mixed, S/R holds in two-way action• Stops noted in both directions intraday• Traders on G-20 watch ahead of ECB Thursday
Category: Daily Forex Reports
U.S. Employment and Housing Data to Lead Today’s Market
The beginning of a new month always precedes 2 important events in the forex market: the release of immensely important U.S. economic data and an influx of trading after workers receive monthly salaries. Kicking off the month...
Threat of the U.S. Auto Bankruptcy Boosts the Dollar
Turmoil in the U.S. auto industry had currency traders moving into safe haven positions of the Dollar and Yen. Further equity losses also contributed to a lack of confidence in the global economy and lower risk taking.
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD holds gains after a stop-driven rally to highs• Majors hold key support on the dip, large names buying• Technical traders likely in control ahead of US data
Forexpros.com Daily Analysis
Overnight Asia/Europe • USD firms overnight, stops drive a lot of trade• US rejects GM and Chrysler deal, equities fade• Traders continue to trade fear ahead of G-20
Dollar to Move Today on Release of Economic Data
The Dollar rose yesterday against most of its major rivals as riskier currencies fell out of favor. Despite strong gains in U.S. equities, the Dollar gained ground as the likelihood of further European Interest Rate cuts loom...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends mixed after violent session• Traders confused over Geither remarks• GBP fails to follow EURO higher, USD/JPY near lows
EURUSD Volatility the Order of the Day
Many forex traders in the market would be blind to have not noticed the sharp volatile movements occurring in the world’s primary currency pair: the EUR/USD. This tug-o-war between the two largest world currencies comes about as...
A Busy News Day Promises High Volatility
After yesterdays relatively calm trading session, today the economic calendar is filled with high impact data that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • Early USD strength fades after London fix• Stops noted driving trade from smaller accounts• Two-way action and technical trade dominate, more likely