Category: Daily Forex Reports

Today’s US Dollar Trading   •    USD ends lower after starting weaker in Asia overnight •    Fed cuts rates as expected but only 50 BP •    Equities firm but two-way lending pressure to the majors.

The U.S. Federal Reserve is expected to cut Interest Rates by 0.50% later today, which may bring an end to the USD’s recent upward mobility. As the gap between American and European Interest Rates widens, the EUR...

Today’s US Dollar Trading •    USD falls back for the most part•    Volumes a bit better late•    Traders note a correction is likely

The JPY today is seeing extreme volatility in today’s trading. Potential Japanese government intervention in the Forex market may be influencing the sharp price movements. Traders are advised to can take advantage today of the vast market...

The USD may in fact lose its direction this week from the opposing forces affecting it. The EUR may see a reversal emerge from world data worse than its own, and the Japanese economic slowdown is cutting...

Today’s US Dollar Trading •    Traders note volumes and conditions at almost zero•    Stops drive a lot of the majors lower•    USD/JPY into the 97.00 area Overnight Preview •    Look for consolidation and a quiet night •    USD...

Today’s US Dollar Trading •    GBP drops to 2008 lows; EURO makes new 2008 lows•    Technicians suggest over-sold conditions brewing Overnight Preview •    Look for majors to hold ranges•    Light economic news Looking Ahead to Wednesday All times...

Today’s US Dollar Trading •    Two-way trade after the open•    US data negative but traders still watching credit•    Technical trading finds some stops

 •    USD has a technical day, holds S/R •    Volumes continue to remain off •    Traders remain unsure how to play the bailout

 •    USD remains range-bound•    Traders see two-way action and stops as the main event today•    Fundamentals being ignored in favor of rhetoric