Category: Daily Forex Reports

Today’s US Dollar Trading •    USD tries to extend gains and fails•    BOC cuts rates adding to whipsaw•    Traders note stops in range adding to downside for the USD

Today’s US Dollar Trading •    USD holds gains in New York after running stops•    Most pairs respect S/R but volumes light•    Traders note cross-spreaders for Yen active in all pairs Overnight Preview •    Look for the USD to...

Drops in U.S. equity markets rattled investors as both the Dollar and the Yen benefited from traders unwilling to take on further risks. The price of Crude Oil also plunged due to further signs the U.S. economy...

Last week, traders saw a flurry of economic news affecting the American economy and practically zero news emanating from Europe. This week appears to be the exact opposite. A blizzard of economic events is expected from the...

Today’s US Dollar Trading•    USD maintains two-way action, respects S/R•    Stops drive trade in both direction•    Traders note large names on the dips in EURO and GBP

As the market tests various support and resistance levels, traders are discovering a negative correlation between equities and the value of the USD. Each time there is a rally in the equities market, the USD takes moderate...

Many traders are looking towards Wall Street's reported earnings before placing their forex trades. The Street has been influencing currency moves and with the announcement of some of the world's largest financial firm's first quarter results this...

Liquidity was tight during yesterday's trading as holidays in Western Europe and the States reduced the number of market participants. This helped to exaggerate movements in the currency market. This type of trading yesterday helped the EUR...

The movements we saw during Friday’s trading session may be have been exaggerated on Friday and may be reversed. Today many trading desks will be vacant during the European trading hours. Traders should be aware of the...

The greenback continues its correction as better unemployment numbers and rising import prices helped to strengthen the Dollar yesterday. Liquidity may be thin during today’s trading due many European firms closed for holiday. However, this may only...