Trader’s aversion to risk has continued to push safer currencies higher as global equity markets continue to trend lower. Traders have been unraveling riskier investments financed with loans from currencies with ultra low Interest Rates, predominately in...
Today’s US Dollar Trading • Overnight conditions thin, traders note volumes light• Some stops seen in New York trade• Technical actions dominates
The Dollar recovered against some of its major currency pairs yesterday, as Obama spoke late in yesterday’s trading session. Traders are advised to pay close attention to unexpected rallies in the Dollar prior to January 20th, as...
Yesterday’s ADP Non-Farm Payroll figure in the U.S. indicated a spike in unemployment that may be much higher than nearly anyone expected. As the U.S. economy abandons some of its previous euphoria about exiting this recession early,...
Today’s US Dollar Trading • USD reverses to go two-way after London fix• US data considered unfriendly to equities and USD• Traders note stops above the market
The USD has gained much support lately as it extends gains against most of its currency counterparts, primarily the EUR and JPY. Barack Obama’s announced stimulus package has done its part in boosting investor confidence that the...
Today’s US Dollar Trading • USD reverses from early highs, makes lows in some pairs• Equities better but USD/JPY fails to gain• Technical objectives met
Overnight Asia/Europe • USD firmer overnight• Stops seen in most pairs lifted USD• Liquidation of GBP crosses continues
A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy.
Overnight Asia/Europe • Early USD weakness gives way to strength• Equities mixed, Oil firmer• Speculation two-way on what will happen early in the year
