Traders will listen to two crucial testimonies to be given by U.S. Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson today. These will represent the initial steps in the deliberation and implementation of their newly proposed...
With Interest Rates being held steady in the US and Japan, European financial leaders implementing growth policies, and the decreasing global demand for energy, market stability appears to be the primary focus in the market. Bank failures...
This week could end the USD’s bullishness as the American stock markets’ values have been dropping and the financial crisis seems to continue. Over the weekend, it was announced that the US Government seized control of mortgage...
Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without...
Today’s US Dollar Trading• USD fails to extend gains• Majors make highs in New York• BOC keeps rates firm Overnight Preview• Look for follow-on selling Looking Ahead to Thursday All times EASTERN (-4 GMT)• 8:15am USD ADP Non-Farm Employment Change• 8:30am USD Revised...
The Dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday’s trading session, even seeing prices dip under 1.45. This Dollar rally is continuing as this analysis is being posted as the EUR/USD now stretches...
Today’s US Dollar Trading• Most of the action was this morning• USD holds gains but weakens into the end of day• Traders note profit-taking bids in the majors Overnight Preview• Likely a bout of short-covering due• Quiet ahead of US data Looking...
Low Volatility Expected In Observance of U.S Labor Day. Last week, the USD went through some choppy waters while showing mixed results against the majors. The greenback gained a respectable 100 pips versus the EUR closing at...
The USD is On Its Way Down Ahead of the GDP Figures. The greenback saw mixed results versus its rival counterparts during yesterday’s trading session. The USD initially retreated from recent highs against a basket of rival...
Today’s US Dollar Trading• USD fails to extend overnight strength• Volumes better• Stops close-in result in two-way action Overnight Preview• Look for more two-way action• USD is getting “tired” I think Looking Ahead to Wednesday All times EASTERN (-4 GMT)• 8:30am USD Core...
