Today’s US Dollar Trading• USD reverses from highs overnight, ends mixed• US data neutral to favorable but no follow-through• Volumes lighter as traders are confused Overnight Preview• Traders expect two-way action with the majors to consolidate• Likely...
Yesterday the USD saw bullish momentum against all of its currency pairs. The USD’s value was boosted by Fed Chairman, Bernake’s hawkish speech and the better than expected Factory Orders, which were released at 1.1% compared with...
Today’s US Dollar Trading • USD mixed, US data no help• Stops drive a lot of early trade• S/R broken but the majors bounce back Overnight Preview • USD likely to trade two-way• Consolidation ahead of the news...
Overnight Asia/Europe • USD mixed, volumes modest• UK news disappoints Cable• Technical trade overnight Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing Prices• 10:00am USD Construction Spending m/m Looking Ahead...
Yesterday, the greenback saw bullish trends against most of its major counterparts following positive economic news from the U.S. The EUR\USD was traded as low as 1.5620. The USD was also bullish against the rest of the...
Today’s US Dollar Trading • USD starts lower in Asia, rallies in Europe• Rallies on Durables data then fades• Ends New York Mixed Overnight Preview • Look for the USD to continue under pressure ahead of GDP tomorrow•...
Today’s US Dollar Trading • USD starts slow; makes a show for strength in NY• US data mixed and of little help• Traders await more tomorrow Overnight Preview • Look for a rally in the USD overnight• Lack...
Last week, rising Crude Oil prices highlighted a series of events that led to the third consecutive week of Dollar bearishness in the Forex market. The greenback spent the backend of April into the first week of...
Yesterday the USD gained some strength against most of the major currencies. The Unemployment Claims were forecasted 8k higher than the actual figure. As such the decrease in unemployment claims helped the USD’s strengthening. The most interesting...
· USD consolidates· Mixed against the majors· UK data boosts GBP
