Overnight Asia/Europe • USD two-sided in range bound trade• Overnight news thin but important• BOJ holds rates steady as expected Today’s Economic Reports • None of note in the US Looking Ahead • 7:30 Am CDT Thursday Balance...
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the...
Today’s US Dollar Trading • USD ends a bit firmer but volumes light• Solid two-way action all day• Traders note that market seems sidelined ahead of rate announcements Overnight Preview • Look for more two-way action, USD likely...
Overnight Asia/Europe • USD higher overnight• No real news driving trade• Two-way action with stops helping to firm USD Today’s Economic Reports • None of note in the US Looking Ahead • 9:00 AM CDT Pending Home Sales forecast -0.5%• 1:00 PM CDT FOMC...
Today’s US Dollar Trading • USD two-sided and volatile• Ends New York mixed• ADP data fails to inspire Overnight Preview • Look for more two-way action, traders expect stops to be tagged• Technical trade likely as news will...
Today’s US Dollar Trading • USD rallies hard on stops and new buying• ISM data better than expected Overnight Preview • Follow-through likely but two-way action could result• Big day for GBP Wednesday Looking Ahead • 7:15 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...
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...
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 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...
