Category: Daily Forex Reports

Today’s US Dollar Trading •    USD starts weaker, stops drive majors higher•    Upside resistance holds and the majors drop hard•    Volumes high on the move

Today’s US Dollar Trading •    Two-way action due to equities•    Traders note USD feels neutral•    EURO makes lows late

Lately the dollar is gaining a bullish momentum overseas as investors are buying more of the safest U.S. assets as the global economy enters a recession. Overseas investors bought a net $27.2 billion of U.S. assets in...

Today’s US Dollar Trading •    USD falls after early strength, stops drive trade•    Equities rally lifts EURO•    Volumes remain light

Overnight Asia/Europe •    G-20 fails to inspire the USD bulls•    Majors initially weaker then reverse into New York•    Japan data benign

The U.S. Treasury Department announced changes to the $700 billion Dollar financial system bailout. The revised financial bailout plan sparked investor’s fears that the U.S. plan to restore liquidity and reduce the lock-up in credit markets is...

Today’s US Dollar Trading •    USD holds gains despite thin conditions•    Equities fail to advance, oil rallies but fades•    China news not enough to inspire confidence

Overnight Asia/Europe •    Equities firmer overnight; underpin EURO•    China announces stimulus plan, USD falls•    Commodities higher also helping the Majors

Today’s US Dollar Trading •    US data shows more contraction, equities rally•    USD hit hard but drop may be temporary•    All eyes turn to election results

With the U.S. Presidential Election underway, the value of the USD has regained a modicum of strength. Also surprising the market was a larger than forecasted cut to Australian interest rates, sending the value of the AUD...