With New Home Sales on Tap Will EUR/USD Test 1.4550? Intra-day gains in the dollar on a better-than-expected U.S. Existing Home Sales report tended to be short lived even though stabilization in the U.S. housing market is...
Today’s US Dollar Trading• The USD unable to hold gains in NY• Volume a bit better than Friday, stops drive a lot of trade• Oil pushes Greenback around as do equities Overnight Preview• Look for tow-way action overnight • USD may be...
The USD Showed That What Goes Up Must Come Down The greenback experienced a trading session of mixed results yesterday. Soon after the trading day began, the USD reached a 6 month record against the EUR as...
Today’s US Dollar Trading• USD finally weakens• Volumes a bit lower• US news no help Overnight Preview• Look for consolidation• USD likely to have a weaker bias mid-week Looking Ahead to WednesdayAll times EASTERN (-5 GMT)• 10:35am USD Crude Oil Inventories Another light...
Today’s US Dollar Trading• Greenback unable to extend gains• Volumes light• Big news out tomorrow may have sidelined traders Overnight Preview• Look for two-way action, consolidation• Possible follow-on selling in Asia to start Looking AheadAll times EASTERN (-5 GMT)• 8:30am USD Building Permits• 8:30am...
Overnight Asia/Europe• Quiet start overnight, USD range-bound• Volumes lower• Technical trade dominates due to lack of news Today’s Economic ReportsAll times EASTERN (-5 GMT)• 1:00pm USD NAHB Housing Market Index Very light start to the week, light news from overseas as...
CPI Data On Tap. The USD completed yesterday’s trading session with mixed results versus its major rival currencies. During the first half of the day, the U.S. dollar eased versus the euro and the yen after government...
Today’s US Dollar Trading• USD whipsaws hard• Volumes patchy• GBP falls to new lows Overnight Preview• USD likely to consolidate• Volumes likely to drop ahead of US data tomorrow Looking AheadAll times EASTERN (-5 GMT)• 8:30am USD Core CPI m/m• 8:30am USD CPI m/m• 8:30am...
Today’s US Dollar Trading• USD ends mixed-to-weaker• Official names selling rallies• Majors ready to rally Overnight Preview• Look for more consolidation with a lower boas Looking Ahead to WednesdayAll times EASTERN (-5 GMT)• 8:30am USD Core Retail Sales m/m• 8:30am USD Retail Sales...
Will a Bearish Correction Take Place? Yesterday, the USD rallied against all the major counterparts. The EUR/USD dropped over 150 pips, descending below the 1.4900 level. The dollar experienced similar sessions vs. the GBP and the CHF...
