Traders Look to Obama stimulus Plan

by | January 9, 2009 8:58 pm
The Dollar recovered against some of its major currency pairs yesterday, as Obama spoke late in yesterday’s trading session. Traders are advised to pay close attention to unexpected rallies in the Dollar prior to January 20th, as...

Our Recession: Weakening Employment Data and Interest Rate Cuts

by | January 8, 2009 7:28 pm
Yesterday’s ADP Non-Farm Payroll figure in the U.S. indicated a spike in unemployment that may be much higher than nearly anyone expected. As the U.S. economy abandons some of its previous euphoria about exiting this recession early,... Daily Analysis

by | January 8, 2009 5:43 pm
Today’s US Dollar Trading •    USD reverses to go two-way after London fix•    US data considered unfriendly to equities and USD•    Traders note stops above the market

The Market is Bullish on the Dollar throughout January 2009

by | January 7, 2009 4:44 pm
The USD has gained much support lately as it extends gains against most of its currency counterparts, primarily the EUR and JPY. Barack Obama’s announced stimulus package has done its part in boosting investor confidence that the...

Forexpros,.com Daily Reports

by | January 7, 2009 3:58 pm
Today’s US Dollar Trading •    USD reverses from early highs, makes lows in some pairs•    Equities better but USD/JPY fails to gain•    Technical objectives met Daily Analysis

by | January 6, 2009 10:38 pm
Overnight Asia/Europe •    USD firmer overnight•    Stops seen in most pairs lifted USD•    Liquidation of GBP crosses continues

Dollar Expects High Volatility Today

by | January 6, 2009 5:16 pm
A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy. Daily Analysis

by | January 5, 2009 9:22 pm
Overnight Asia/Europe •    Early USD weakness gives way to strength•    Equities mixed, Oil firmer•    Speculation two-way on what will happen early in the year

Markets Move Rapidly During Low-Volume Holiday Trading

by | December 31, 2008 6:34 pm
Forex traders may have noticed this week that currency prices are moving much more rapidly than normal. With the holiday season, most banks are coming and going from the market, and money is being pulled out by...