Forexpros.com Daily Analysis – 19/06/08

by forexpros.com | June 19, 2008 3:30 am
Today’s US Dollar Trading• USD two-way overnight• Weakens in NY trade• All eyes on US data tomorrow Overnight Preview• Look for the USD to consolidate with a lower tone Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•...

Forexpros.com Daily Analysis – 18/06/08

by forexpros.com | June 18, 2008 7:32 am
Today’s US Dollar Trading• Overseas data USD negative• USD rally falters in US trade• Volumes lighter Overnight Preview• USD likely to remain technical in nature• Look for more downside pressure Looking Ahead to WednesdayAll times EASTERN (-5...

Forexpros.com Daily Analysis – 17/06/08

by forexpros.com | June 17, 2008 7:42 am
Today’s US Dollar Trading• USD retreats from Friday’s gain• US data benign—points to more losses• Speculation grows that USD will fall Overnight Preview• Look for the USD to consolidate• Expect two-way action Looking Ahead to TuesdayAll times EASTERN...

The USD Continues To Be Under Pressure

by ForexCycle.com | June 17, 2008 6:49 am
Yesterday the EUR/USD par experienced a highly volatile trading session and ultimately closed at 1.5466. This closing price represented almost a 90 pip loss for the Dollar versus the Euro. Early morning trading in Asia added another...

The Greenback Might Extend It’s Bullishness vs. Rivals

by ForexCycle.com | June 16, 2008 3:45 am
The Greenback saw substantial growth last week versus a basket of it currency rivals, most notably against the Euro. The USD gained nearly 500 pips versus its cross-Atlantic counterpart, as the oft-traded EUR/USD pair saw its biggest...

Forexpros.com Daily Analysis – 12/06/08

by forexpros.com | June 12, 2008 7:45 am
Today’s US Dollar Trading• USD fails to hold gains• Stops run early• Two-way action suggests offers building Overnight Preview• Look for consolidation with a downside bias• USD likely to open lower in New York tomorrow Looking Ahead...

Forexpros.com Daily Analysis – 11/06/08

by forexpros.com | June 11, 2008 6:43 am
Today’s US Dollar Trading• USD continues to advance but volumes slow• Traders report thin order books• US data today benign Overnight Preview• Look for two-way trade• USD to consolidate Looking AheadAll times EASTERN (-5 GMT)• 10:35am USD...

Will the Greenback Continue Its Bullish Momentum?

by ForexCycle.com | June 11, 2008 5:45 am
Yesterday, the Greenback maintained its rally against most of its major currency counterparts following the hawkish comments from the Fed Chairman Bernanke about inflation worries and remarks that short-term interest-rates will likely jump this year. The EUR/USD...

Forexpros.com Daily Analysis – 10/06/08

by forexpros.com | June 10, 2008 6:15 am
Today’s US Dollar Trading• USD two-way is moderate trade• Majors correct into support but hold firm• US data surprises to the upside Overnight Preview• Look for the USD to trade two-way• Not a lot of news until...

US Pending Home Sales On Tap

by ForexCycle.com | June 9, 2008 4:39 am
The greenback had a tough trading session last week, which was capped off by a huge bearish slip on Friday. Sparked by a batch of mediocre US data and positive EUR news, the USD saw losses throughout...