Overnight Asia/Europe • USD mixed• EURO under pressure, IFO disappoints• Volumes light Today’s Economic Reports • 7:30 AM CDT Durable Goods forecast +0.1%• 7:30 AM CDT Initial Claims• 9:00 AM CDT New Home Sales forecast 495K
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously...
The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers...
Yesterday, the greenback lost ground on what had been a bullish closing to last week’s trading. The US was absent from the day’s economic calendar, which pushed the Dollar to record lows against the Euro in particular....
Last Friday, the greenback gained against most of its major rivals on the back of the strong data from all the U.S economic sectors last week. Despite the lack of data on Friday itself, the USD recovery...
The USD extended losses yesterday after the economic reports from the U.S. showed lower than expected inflation and a sharp fall in Housing Starts, suggesting more possible Federal Reserve Interest Rate cuts ahead. The greenback depreciated 1%...
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...
