Forexpros Daily Commentary
USD sharply lower – Morning Session – GMT
Category: Daily Forex Reports
Expect New Hights for the EUR
The USD saw another week of decline vs. its major currency rivals last week, as Friday capped off what had been a slow weekly trading session. Last week produced mixed results for the US economy as improving...
Forexpros.com Daily Analysis
Overnight Asia/Europe •Shorts cover in EURO•Model accounts selling EURO•Volumes modest
Volatile Expected a Mixed Heavy News Day
Yesterday the greenback had a volatile trading session against its major currency rivals. It underwent contrasting trends vs. the EUR and the GBP and was bullish vs. the JPY. The main news from the US economy revolved...
Forexpros.com Daily Analysis – 15/05/08
Today’s US Dollar Trading •USD rallies ahead of News, lacks follow-through•Majors on S/R volumes low•Sovereign names seen selling USD Overnight Preview •A round of book-squaring likely Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•8:30am USD Empire State Business...
Forexpros.com Daily Analysis – 14/5/08
Today’s US Dollar Trading • USD extends rally during New York• Flows described as light and disorderly Overnight Preview • Look for book-squaring• USD may have gotten ahead of itself Looking Ahead to WednesdayAll times EASTERN (-5 GMT)•...
Will the U.S. CPI Figures Support USD Recovery?
The USD strengthened throughout yesterday’s trading and as a result of mostly positive economic releases; it saw a day long bullish trend. Although the USD did lose momentum on Monday, yesterday it gained strength against most of...
US Retail Sales on Tap
The USD lost steam from last week’s strengthening vs. most of the major currencies as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. The greenback also weakened amid renewed concerns that the...
Forexpros.com Daily Analysis – 13/05/08
Today’s US Dollar Trading • USD opens mixed, ends lower• Technical levels hold gains in check• Stops in range Overnight Preview• Look for two-way action to continue• Technical trade likely Looking Ahead to Tuesday All times EASTERN (-5...
Another Volatile USD Session Ahead
The Greenback traded with mixed results last week as the turbulent relationship between the USD and the EUR grows even stronger. The oft traded pair saw record highs towards the end of the month of April. Since,...