Category: Daily Forex Reports

Today’s US Dollar Trading •    Equities gain, lifts EURO and USD/JPY•    Volumes lighter, stops seen in most pairs•    US data mixed but create some optimism

Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one...

The currency pair which could experience the highest volatility today may be the AUD/USD. The Royal Bank of Australia (RBA) slashed Interest Rates by 100 basis points this morning at 3:30 GMT. This would be the 5th...

Overnight Asia/Europe •    USD opens flat and two-way in Asia, firms into Europe •    Traders note technical action for the most part•    Volumes light, stops noted, crosses again active

The USD rose to the highest level in almost two months against the European currency ahead of a report tomorrow will show European producer prices slid a fifth month, giving the European Central Bank (ECB) more room...

The Dollar has gone bullish since the beginning of yesterday’s trading, and ahead of the release of today’s release of Advance GDP figures at 13:30 GMT. Results better than the forecasted -5.4% is likely to make the...

Today’s US Dollar Trading •    USD starts weak and reverses•    FOMC announcement initially seen as positive•    Stops seen driving trade

The Dollar moved sharply higher as the Federal Reserve held its benchmark interest rate at a historic low while it is exploring other alternative methods for fixing the American economy. The passage of Barack Obama’s economic stimulus...

Today’s US Dollar Trading •    USD starts better in Asia, gives back gains in New York•    Some whipsaw seen on light stops and thin conditions•    Most eyes focused on FOMC tomorrow

Today’s US Dollar Trading •    USD fails to hold overnight gains, Swissy makes lows late•    Volumes thinner but better into the lows•    Two-way action evident but stops and short-covering drive trade