ISM Manufacturing Index On Tap

by ForexCycle.com | April 1, 2008 7:32 am
Yesterday, the greenback fell close to a record low against the EUR at the rate of 1.5890. The USD depreciated during the first hours of the trading session mainly as a result of higher than expected CPI...

Forexpros Daily Analysis

by forexpros.com | April 1, 2008 7:13 am
Today’s US Dollar Trading • USD remains two-sided• US data no factor• EURO attempts new high Overnight Preview • Look for more consolidation• USD likely to remain two-way near-term Looking Ahead • 7:00 PM CDT Monday Japan Tankan...

Forexpros Daily Analysis

by forexpros.com | March 31, 2008 7:24 am
Overnight Asia/Europe • USD two-way• Opens New York better• Year-end drives Tokyo trade Today’s Economic Reports • 8:45 AM CDT Chicago PMI forecast 46.7 Looking Ahead • 9:00 AM CDT Tuesday ISM Index forecast 48.2• 7:00 PM CDT...

The Chicago PMI – On Tap

by ForexCycle.com | March 31, 2008 4:42 am
The Greenback heads into the last day of March prime for what could be one of the more defining points of 2008. After last week’s mixed batch of economic data out of the US, the Dollar plunged...

EUR/USD Marching Toward 1.60?

by ForexCycle.com | March 27, 2008 8:07 am
Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing...

Forexpros Daily Analysis

by forexpros.com | March 27, 2008 2:44 am
Today’s US Dollar Trading • US data positive but USD falls• EURO rallies past resistance and is again “euphoric”• Sentiment returning to the bearish side traders say Overnight Preview • Look for the USD is firm in Asia...

US Durable Goods on Tap

by ForexCycle.com | March 26, 2008 8:41 am
The Greenback continued its bearish trend once again yesterday amidst surprisingly poor economic data. Selling of the dollar could have been forecasted, but was still expected to come much later on this week, if at all. Instead,...

Forexpros Daily Analysis

by forexpros.com | March 26, 2008 7:45 am
Today’s US Dollar Trading • USD falls but holds important S/R• US data worse-than-expected but volumes still light• Traders note that stops were the rule today Overnight Preview • Look for reasonable USD follow-through selling • Book-squaring again...

Forexpros Daily Analysis

by forexpros.com | March 25, 2008 1:40 am
Today’s US Dollar Trading • Quiet volumes and subdued price action• US data encouraging but not market moving• Traders note thin conditions likely to continue Overnight Preview • Look for consolidation and continued two-way trade• No market-moving news...

Forexpros Daily Analysis

by forexpros.com | March 24, 2008 7:55 am
Overnight Asia/Europe • USD two-sided• Volumes light• Most of Asia closed, Europe closed for Easter Break Today’s Economic Reports • 9:00 AM CDT Existing Home Sales forecast 4.86M• 9:00 AM CDT Consumer Confidence forecast 75.0 Looking Ahead •...