Category: Daily Forex Reports

Today’s US Dollar Trading • USD starts slow; makes a show for strength in NY• US data mixed and of little help• Traders await more tomorrow Overnight Preview • Look for a rally in the USD overnight• Lack...

Last week, rising Crude Oil prices highlighted a series of events that led to the third consecutive week of Dollar bearishness in the Forex market. The greenback spent the backend of April into the first week of...

Yesterday the USD gained some strength against most of the major currencies. The Unemployment Claims were forecasted 8k higher than the actual figure. As such the decrease in unemployment claims helped the USD’s strengthening. The most interesting...

  ·         USD consolidates·         Mixed against the majors·         UK data boosts GBP

Yesterday the greenback was bearish against its rival currencies, continuing its decline from the beginning of the week. Throughout the trading day, the EUR\USD was being traded just under 1.5800, the GBP\USD reached 1.9730 and the USD\JPY...

Overnight Asia/Europe •USD weakens further•IFO better-than-expected•MPC votes 8-1 to keep rates unchanged Today’s Economic ReportsAll times EASTERN (-5 GMT)•10:30am Crude Oil Inventories 0.2M•1:00pm Fed Governor Warsh Speaks •2:00pm FOMC Meeting Minutes Looking AheadAll times EASTERN (-5 GMT)•8:30am USD...

USD sharply lower – Morning Session – GMT

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...

Overnight Asia/Europe  •Shorts cover in EURO•Model accounts selling EURO•Volumes modest

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...