Daily Analysis – 05/05/08

by | May 5, 2008 7:28 am
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

by | May 1, 2008 7:57 am
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

by | May 1, 2008 4:00 am
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

by | April 30, 2008 2:39 am
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

by | April 29, 2008 8:23 am
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

by | April 29, 2008 8:12 am
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

by | April 28, 2008 7:32 am
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

Forexpros Daily Analysis

by | April 24, 2008 7:17 am
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

The USD Saga Continues

by | April 24, 2008 6:07 am
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 USD Reaches All Time Low

by | April 23, 2008 10:14 am
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...