Category: Daily Forex Reports

Today’s US Dollar Trading • US data positive but USD falls• EURO rallies past resistance and is again “euphoric”• Sentiment returning to the bearish side traders say Overnight Preview • Look for the USD is firm in Asia...

The Greenback continued its bearish trend once again yesterday amidst surprisingly poor economic data. Selling of the dollar could have been forecasted, but was still expected to come much later on this week, if at all. Instead,...

Today’s US Dollar Trading • USD falls but holds important S/R• US data worse-than-expected but volumes still light• Traders note that stops were the rule today Overnight Preview • Look for reasonable USD follow-through selling • Book-squaring again...

Today’s US Dollar Trading • Quiet volumes and subdued price action• US data encouraging but not market moving• Traders note thin conditions likely to continue Overnight Preview • Look for consolidation and continued two-way trade• No market-moving news...

Overnight Asia/Europe • USD two-sided• Volumes light• Most of Asia closed, Europe closed for Easter Break Today’s Economic Reports • 9:00 AM CDT Existing Home Sales forecast 4.86M• 9:00 AM CDT Consumer Confidence forecast 75.0 Looking Ahead •...

Today’s US Dollar Trading • USD consolidates firmer in two-way action• Recovers overnight losses in New York trade Overnight Preview • Expect more book-squaring and consolidation ahead of Philly Fed Looking Ahead • 9:00 AM VDT Thursday Philly...

Today’s US Dollar Trading • Big news is Fed rate cut, 75 BP• Markets are “disappointed”• USD begins rally Overnight Preview • Look for more USD short-covering and book squaring• Volumes likely to surge if close-in stops hit...

Today’s US Dollar Trading • USD takes another plunge on Fed action and liquidity fears• Equities have violent day, end positive• Lots of jawboning for a better USD Overnight Preview • Expect volatility and more rhetoric• Traders expect...

Today’s US Dollar Trading • USD gives back Tuesday’s gains• Volumes lighter but sentiment relentless• EURO scores another new high Overnight Preview • Traders expect two-way action• Likely to have downward bias continue Looking Ahead • 7:30 AM...

Overnight Asia/Europe • USD initially firmer in Asia, breaks lower in Europe• Traders note stop-driven trade• Demand for EURO from Middle-East accounts noted Today’s Economic Reports • None of note in the US Looking Ahead • All eyes...