Forexpros.com Daily Analysis
Today’s US Dollar Trading • Whipsaw the rule; USD ends off the highs• Volumes light, conditions thinner• Traders note sovereign interest in EURO on dips
Category: Daily Forex Reports
Falling Crude Oil Prices and Passage of Stimulus Bill May Push USD Higher
Yesterday’s drop in Crude Oil prices lent weight to the notion that traders are expecting the consolidating USD to spike in value versus its major currency pairs in the not-too-distant future. The passage of Barack Obama’s stimulus...
EUR Tumbles on Russian Banks Restructuring European Loans
The EUR fell sharply in late-day trading after it was reported that Russian banks may seek to restructure over $400 billion loans. This adds to the already fragile European banking system and highlights the considerable tension that...
The Market Anticipates a U.S Economic Rescue Package
The U.S. Senate is slated to vote early next week on an economic stimulus package totaling at least $780 billion that President Barack Obama said is needed to prevent the economy from sinking into a deeper recession....
USD Heads Higher Before the All Important U.S. Non-Farm Payrolls Release
The Dollar consolidated gains against the EUR and JPY before the high impact U.S. Non-Farm Payrolls Report is released today. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD gains but off the highs, stops help drive trade• Volumes still lighter• Majors hold S/R suggesting more two-way action
European and British Rate Cuts Expected Today!
Most currencies, with the exception of a few, have been leveling off lately in anticipation of today’s interest rate decisions in Europe and Britain. The European Central Bank (ECB) has been forecast to maintain its current rate...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • Equities gain, lifts EURO and USD/JPY• Volumes lighter, stops seen in most pairs• US data mixed but create some optimism
Risk Appetite and Stock Rally Weakens Dollar Safe-Haven
Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one...
Aussies Slash Rates; European Rate Cuts May Follow
The currency pair which could experience the highest volatility today may be the AUD/USD. The Royal Bank of Australia (RBA) slashed Interest Rates by 100 basis points this morning at 3:30 GMT. This would be the 5th...