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)•... Daily Analysis – 18/06/08

by | June 18, 2008 7:32 am
Today’s US Dollar Trading• Overseas data USD negative• USD rally falters in US trade• Volumes lighter Overnight Preview• USD likely to remain technical in nature• Look for more downside pressure Looking Ahead to WednesdayAll times EASTERN (-5... Daily Analysis – 17/06/08

by | June 17, 2008 7:42 am
Today’s US Dollar Trading• USD retreats from Friday’s gain• US data benign—points to more losses• Speculation grows that USD will fall Overnight Preview• Look for the USD to consolidate• Expect two-way action Looking Ahead to TuesdayAll times EASTERN...

The USD Continues To Be Under Pressure

by | June 17, 2008 6:49 am
Yesterday the EUR/USD par experienced a highly volatile trading session and ultimately closed at 1.5466. This closing price represented almost a 90 pip loss for the Dollar versus the Euro. Early morning trading in Asia added another...

The Greenback Might Extend It’s Bullishness vs. Rivals

by | June 16, 2008 3:45 am
The Greenback saw substantial growth last week versus a basket of it currency rivals, most notably against the Euro. The USD gained nearly 500 pips versus its cross-Atlantic counterpart, as the oft-traded EUR/USD pair saw its biggest... Daily Analysis – 12/06/08

by | June 12, 2008 7:45 am
Today’s US Dollar Trading• USD fails to hold gains• Stops run early• Two-way action suggests offers building Overnight Preview• Look for consolidation with a downside bias• USD likely to open lower in New York tomorrow Looking Ahead...