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... Daily Analysis – 11/06/08

by | June 11, 2008 6:43 am
Today’s US Dollar Trading• USD continues to advance but volumes slow• Traders report thin order books• US data today benign Overnight Preview• Look for two-way trade• USD to consolidate Looking AheadAll times EASTERN (-5 GMT)• 10:35am USD...

Will the Greenback Continue Its Bullish Momentum?

by | June 11, 2008 5:45 am
Yesterday, the Greenback maintained its rally against most of its major currency counterparts following the hawkish comments from the Fed Chairman Bernanke about inflation worries and remarks that short-term interest-rates will likely jump this year. The EUR/USD... Daily Analysis – 10/06/08

by | June 10, 2008 6:15 am
Today’s US Dollar Trading• USD two-way is moderate trade• Majors correct into support but hold firm• US data surprises to the upside Overnight Preview• Look for the USD to trade two-way• Not a lot of news until...

US Pending Home Sales On Tap

by | June 9, 2008 4:39 am
The greenback had a tough trading session last week, which was capped off by a huge bearish slip on Friday. Sparked by a batch of mediocre US data and positive EUR news, the USD saw losses throughout... Daily Analysis – 05/06/08

by | June 5, 2008 6:56 am
Today’s US Dollar Trading• USD reverses from highs overnight, ends mixed• US data neutral to favorable but no follow-through• Volumes lighter as traders are confused Overnight Preview• Traders expect two-way action with the majors to consolidate• Likely...

ADP Nonfarm Employment Change on Tap

by | June 4, 2008 4:09 am
Yesterday the USD saw bullish momentum against all of its currency pairs. The USD’s value was boosted by Fed Chairman, Bernake’s hawkish speech and the better than expected Factory Orders, which were released at 1.1% compared with... Daily Analysis – 03/06/08

by | June 3, 2008 7:40 am
Today’s US Dollar Trading • USD mixed, US data no help• Stops drive a lot of early trade• S/R broken but the majors bounce back Overnight Preview • USD likely to trade two-way• Consolidation ahead of the news...