The greenback rallied yesterday on a report that hiring picked up in the month of December. Following better than expected inventory numbers the price of crude oil came off a 3-week low to trade above the $90...
Market Review – 05/01/2011 21:53 GMT Dollar surges due to robust U.S. economic data The dollar rose sharply on Wednesday after a slew of upbeat U.S. economic data suggested the U.S. economy was on a steady path...
The dollar gained against most of its major currency rivals yesterday, partly due to expectations that this week’s labor reports will provide further evidence that the U.S. economy is recovering. The first of these reports is the...
Market Review – 04/01/2011 21:21 GMT Dollar rises on upbeat US economic data The dollar recovered from 3-week low against euro on Tuesday as robust U.S. economic data suggested the U.S. economy was gaining strength and bolstered...
Main currency pair is currently leveling downward correction that began on Friday. Strong resistance that may hinder or even stop further Euro appreciation is green trend line (chart below). In scenario of breaching mentioned trend line, target...
The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue...
Market Review – 03/01/2011 22:07 GMT The greenback rises versus yen due to robust US economic data and strength in stocks The greenback initially extended last week’s selloff to 80.93 against the Japanese yen in Asian morning...
The US dollar has made gains against most of its main currency rivals as we start off the first trading week of 2011. Since markets opened, the EUR/USD pair is down 90 pips and is currently trading...
The euro strengthened yesterday against most of the major currencies after reports showed better-than-expected figures for the U.S. economy. In a speech yesterday, German Chancellor Angela Merkel called to strengthen the euro, stating that the euro is...
Market Review – 30/12/2010 21:40 GMT Dollar rebounds from 7-week low against yen on upbeat US economic data The dollar recovered from a fresh 7-week low against the Japanese yen on Thursday as U.S. initial jobless claims...
