Category: Daily Forex Reports

  ·         USD consolidates·         Mixed against the majors·         UK data boosts GBP

Yesterday the greenback was bearish against its rival currencies, continuing its decline from the beginning of the week. Throughout the trading day, the EUR\USD was being traded just under 1.5800, the GBP\USD reached 1.9730 and the USD\JPY...

Overnight Asia/Europe •USD weakens further•IFO better-than-expected•MPC votes 8-1 to keep rates unchanged Today’s Economic ReportsAll times EASTERN (-5 GMT)•10:30am Crude Oil Inventories 0.2M•1:00pm Fed Governor Warsh Speaks •2:00pm FOMC Meeting Minutes Looking AheadAll times EASTERN (-5 GMT)•8:30am USD...

USD sharply lower – Morning Session – GMT

The USD saw another week of decline vs. its major currency rivals last week, as Friday capped off what had been a slow weekly trading session. Last week produced mixed results for the US economy as improving...

Overnight Asia/Europe  •Shorts cover in EURO•Model accounts selling EURO•Volumes modest

Yesterday the greenback had a volatile trading session against its major currency rivals. It underwent contrasting trends vs. the EUR and the GBP and was bullish vs. the JPY. The main news from the US economy revolved...

Today’s US Dollar Trading •USD rallies ahead of News, lacks follow-through•Majors on S/R volumes low•Sovereign names seen selling USD Overnight Preview •A round of book-squaring likely Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•8:30am USD Empire State Business...

Today’s US Dollar Trading • USD extends rally during New York• Flows described as light and disorderly Overnight Preview • Look for book-squaring• USD may have gotten ahead of itself Looking Ahead to WednesdayAll times EASTERN (-5 GMT)•...

The USD strengthened throughout yesterday’s trading and as a result of mostly positive economic releases; it saw a day long bullish trend. Although the USD did lose momentum on Monday, yesterday it gained strength against most of...