Today’s US Dollar Trading • USD has range-bound trade despite news• CPI as expected, Housing data worse• EURO scores a lifetime high Overnight Preview • Look for the USD to consolidate with weaker tone• Book-squaring ahead of US...
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases. The greenback added 0.35%...
Overnight Asia/Europe • USD firmed in Asia on G7 comments• Faltered in European trade Today’s Economic Reports • 7:30 AM CDT Retail Sales forecast +0.1%, no factor Looking Ahead • 7:30 AM CDT Tuesday PPI forecast +0.4%,...
Last week we saw the return of significant volatility to the Forex market. Amidst fears of recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became...
Yesterday, the greenback fell to its lowest mark since the beginning of April decreasing sharply against a majority of it’s currency rivals. The EUR/USD pair shot up 150pts yesterday, crossing the key psychological rate of 1.5800 for...
Today’s US Dollar Trading • USD two-sided overnight• Breaks lower during New York but still no new range• Equities fall driving USD /JPY lower Overnight Preview • Look for follow-through selling of USD• Book squaring ahead of US...
Overnight Asia/Europe • USD two-sided in range bound trade• Overnight news thin but important• BOJ holds rates steady as expected Today’s Economic Reports • None of note in the US Looking Ahead • 7:30 Am CDT Thursday Balance...
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the...
Today’s US Dollar Trading • USD ends a bit firmer but volumes light• Solid two-way action all day• Traders note that market seems sidelined ahead of rate announcements Overnight Preview • Look for more two-way action, USD likely...
Overnight Asia/Europe • USD higher overnight• No real news driving trade• Two-way action with stops helping to firm USD Today’s Economic Reports • None of note in the US Looking Ahead • 9:00 AM CDT Pending Home Sales forecast -0.5%• 1:00 PM CDT FOMC...
