Peak Crude Oil Prices Enhances Bearishness in USD

by | July 2, 2008 3:40 am
Yesterday the USD saw bearish trends against most of its major currency counterparts. The USD fell 34 points vs. the Euro, setting the EUR\USD rate at 1.5794. The USD also depreciated against the GBP, and underwent a... Daily Analysis – 01/07/08

by | July 1, 2008 8:32 am
Today’s US Dollar Trading• USD loses ground but attempts a recovery• Stops run• Volumes moderate Overnight Preview• Two-way action likely Looking Ahead to TuesdayAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing... Daily Analysis – 30/06/08

by | June 30, 2008 9:08 am
Overnight Asia/Europe• USD starts firm, weakens into Europe• Stops triggered on the way down• Traders report good volume Today’s Economic ReportsAll times EASTERN (-5 GMT)• 9:45am USD Chicago PMI Looking Ahead to Tuesday All times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing... Daily Analysis – 26/06/08

by | June 26, 2008 7:57 am
Today’s US Dollar Trading• USD whipsaws after early sideways start• US data unfriendly to the Greenback• As expected, FOMC holds rates firm Overnight Preview• USD likely to continue to weaken• EURO above resistance Looking AheadAll times EASTERN... Daily Analysis – 25/06/08

by | June 25, 2008 7:42 am
Today’s US Dollar Trading• USD two-way all day• Starts on the offensive—ends on the defensive• GBP and EURO at technical resistance. Overnight Preview• Look for a quiet evening ahead of FOMC Looking AheadAll times EASTERN (-5 GMT)•... Daily Analysis – 24/06/08

by | June 24, 2008 6:47 am
Today’s US Dollar Trading• USD holds gains but flows light• S/R holds as expected• Speculation that the Fed will not move rates capping the USD Overnight Preview• Consolidation likely• Two-way action with a downside bias Looking Ahead... Daily Analysis – 23/06/08

by | June 23, 2008 6:59 am
Overnight Asia/Europe• USD firms a bit• Technical trade and stops drive GBP and EURO• Volumes moderate Today’s Economic ReportsAll times EASTERN (-5 GMT)• None for the dayExpect technical trade for the most part Looking AheadAll times EASTERN...

Jeddah Oil Summit Sets the Tone for a Big Trading Week

by | June 23, 2008 4:59 am
The USD saw a significant swing in momentum last week as it saw losses versus most of its currency rivals. The dollar was affected in large part due to the rekindling of economic worries in the US...

Will the EUR Push Ahead From Here?

by | June 20, 2008 7:00 am
Yesterday the greenback saw rising trends against most of its major currency rivals. During the prior trading session the EUR\USD dropped 98 points from 1.5573 down do 1.5475. In addition the USD experienced bullish behavior against the... Daily Analysis – 19/06/08

by | June 19, 2008 3:30 am
Today’s US Dollar Trading• USD two-way overnight• Weakens in NY trade• All eyes on US data tomorrow Overnight Preview• Look for the USD to consolidate with a lower tone Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•...