Will The Dollar Continue Its Fall?
Yesterday, The USD briefly extended its decline vs. the EUR for the first time in three days after Oil prices hit a record high at more than $120 a barrel. High commodity prices are only exacerbating an...
Category: Daily Forex Reports
Forexpros.com Daily Analysis – 06/05/08
Today’s US Dollar Trading • Major pairs two-way, end stronger• Volumes light due to minor holidays• USD ends near lows Overnight Preview• Look for more two-way and consolidation trade Looking Ahead to Tuesday All times EASTERN (-5 GMT)•...
ISM Non-Manufacturing Composite on Tap
Last Friday, the greenback continued gaining all across the board against the major currencies. The EUR/USD pair fell for the first time in six weeks below the psychological level of 1.5400, closing the trading session at the...
Forexpros.com Daily Analysis – 05/05/08
Overnight Asia/Europe • USD very quiet• Holidays in Asia and UK Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Non-Manufacturing Composite forecast 49.6 Looking AheadAll times EASTERN (-5 GMT)• None in the US , Very light...
USD Gradually Ascending Ahead of Tomorrow’s NFP
The USD reversed its gains vs. the EUR yesterday as traders concluded that the FOMC Statement that came right after its Interest Rate policy meeting left the door opened for further rate reductions. Shortly after the Interest...
Forex Daily Analysis
Today’s USD Trading • USD quiet in Asia, firms in Europe• GBP and EURO rally after rate cut• Whipsaw in the majors Today’s Economic ReportsAll times EASTERN (-5 GMT)• 8:15am ADP Private Payrolls, Actual+ 10,000• 8:30am Advance...
Forexpros Daily Analysis – 30/04/08
Today’s USD Trading USD ends mixed GBP falls through support Today’s Economic Reports Consumer Confidence out at 62.3 Looking AheadAll times EASTERN (-5 GMT) 8:15am USD ADP Nonfarm Employment Change -60K 8K8:30am USD Advance GDP q/q 0.2%...
U.S Consumer Confidence On Tap
Yesterday the greenback showed off a bullish trend against its major currency rivals. It went through a bullish volatile session vs. the EUR, yet it lost strength against the GBP and the JPY. Even though the USD...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD two-way, ends flat• GBP has higher volatility• Technical trade continues from AM Overnight Preview • Look for continued consolidation• Asia closed for Japan holiday
Forexpros Daily Analysis
Overnight Asia/Europe • Greenback starts firm then falls in Europe• Lots of rhetoric from Europe• Technical trade dominates Today’s Economic Reports • None in the US