Category: Daily Forex Reports

 •    USD remains range-bound•    Traders see two-way action and stops as the main event today•    Fundamentals being ignored in favor of rhetoric

The USD completed yesterday’s trading session with mixed results versus its major rival currencies amid the financial turbulence which is shaking global markets. Yesterday world stocks tumbled to three-year lows in a day know now as Black...

Today’s US Dollar Trading• Stops and active selling drive majors to new lows• USD/JPY falls to parity• Volumes only moderate Overnight Preview• More follow-on selling expected• USD likely to consolidate Looking Ahead to Tuesday All times EASTERN (-4 GMT)• 11:00am USD FOMC Member...

Traders witnessed a minor phenomenon in the market yesterday regarding the USD. Despite predictions by analysts that a lower-than-forecast New Home Sales figure would weaken the USD, it actually did the opposite in spot trading. With the...

The U.S. economic rescue plan, as well as the Home Sales figures, has created a frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Today, traders should...

Today’s US Dollar Trading• USD covers the same ground twice in two-way action• Volumes modest• Traders remain focused on bailout options Overnight Preview• Look for the USD to remain two-sided• Potential to rally increasing Looking Ahead to Thursday All times EASTERN (-4...

Today’s US Dollar Trading• USD rallies in US trade after starting weaker in Asia• Two way technical trade the rule today• Traders note volumes were moderate Overnight Preview• Look for more consolidation• Two-way action likely Looking Ahead to WednesdayAll times EASTERN (-4...

Traders will listen to two crucial testimonies to be given by U.S. Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson today. These will represent the initial steps in the deliberation and implementation of their newly proposed...

With Interest Rates being held steady in the US and Japan, European financial leaders implementing growth policies, and the decreasing global demand for energy, market stability appears to be the primary focus in the market. Bank failures...

This week could end the USD’s bullishness as the American stock markets’ values have been dropping and the financial crisis seems to continue. Over the weekend, it was announced that the US Government seized control of mortgage...