Breadcrumbs
Home
Blog
 |
 |
 |
|||||
The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment. Summary USD - Dollar Pulls Back on Greek Cuts EUR - The EUR at 2 Week High as Greece Debt Concern Ease JPY - Yen Advances to 2 Month High vs. Dollar OIL - Oil Trades above $80 on Economic Hopes
|
|||||||
 |
 |
 |
| Comments | 0 | Hits: 26 |
|
|
|
|||||
The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government's commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes from the Canadian and Australian central banks. Summary USD - USD Declines on Interest Rate Hike Outlook EUR - EUR Rises on Expected Greek Budget Cuts JPY - JPY at 11-Week High versus USD Crude Oil - Crude Oil Struggles to Stay above $80 a Barrel
|
|||||||
|
|
|
| Comments | 0 | Hits: 21 |
|
|
|
|||||
The U.S. Dollar and Yen firmed against most major counterparts on Monday as investors trimmed stretched risk positions in higher-yielding currencies. The safe heaven currencies were bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone countries and doubts over the pace of the worldwide economic recovery. Summary USD - Dollar Rises on Manufacturing Data EUR - GBP/USD Hits 10-Month Low JPY - Yen Gains on Return to Risk Aversion Oil - Crude Oil Falls on Strong Dollar
|
|||||||
|
|
|
| Comments | 0 | Hits: 11 |
|
|
|
|||||
After a week which was mostly characterized with the halt of the Dollar's bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And on top of it all, the U.S. Non-Farm Payrolls is expected on Friday. This means that an extremely volatile week is expected that holds plenty of unique opportunities to make irregular profits. Summary USD - Dollar's Bullishness is halted EUR - Interest Rates Announcement Expected on Wednesday JPY - Yen Rises on All Fronts Oil - Crude Oil is trading above $80 a Barrel
|
|||||||
|
|
|
| Comments | 0 | Hits: 16 |
|
|
|
|||||
The U.S. Dollar saw some major gains on the Euro last night. The pair went as low as 1.3500 before rebounding to its current level of about 1.3540. Today, Fed Chairman Ben Bernanke is scheduled to testify before the U.S. Congress, an event likely to create heavy market volatility throughout his testimony and in the minutes after. Summary USD - Significant U.S. News Could Lead to USD Volatility
EUR - Negative European News Leads to Losses for Euro
JPY - Risk Aversion Leads to Yen Gains
Crude Oil - Crude Oil Inventories on Tap Today
|
|||||||
 | Forex | daily market trend | analysis | news | fundamental | technical | eur | Bernanke | testimony | gain | fed | chairman | ben Bernanke | us | congress | market | volatility | ||||||
|
|
|
| Comments | 0 | Hits: 31 |
|
|
|
|||||
Last week's trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later on, due to speculations of a Greek rescue plan. The main question for this week's trading is whether the Euro will continue to recover, or will the EUR/USD pair will reach a new low. Summary USD - Dollar Advances on Positive U.S. Economic Data EUR - Speculations of Rescue Plan for Greece Boosts the Euro JPY - Yen Slides against the Majors OIL - Oil is traded for over $80 a Barrel
|
|||||||
|
|
|
| Comments | 0 | Hits: 25 |
|
|
|
|||||
The USD declined against the EUR yesterday as anxiety over Greece's debt situation is losing ground. Also better than expected economic data from the U.S and Europe helped boost risk appetite, pushing investors to riskier currencies and commodities. Summary USD - USD Drops on Renewed Risk Appetite EUR - Waning Concerns over Greece's Debt Boost EUR JPY - Yen Drops on Signs of Stronger Global Recovery OIL - Crude Gains Close to 4%
|
|||||||
|
|
|
| Comments | 0 | Hits: 37 |
|
|
|
|||||
With a slow news day forecasted for today, the Euro continues to be weighed down by Greece's deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank to come to Greece's aid. This does not bode well for the Euro in trading today. Forex Highlights USD - Investors Continue to Flock to Safe Haven USD EUR - Lack of ECB Plan to Combat Deficits Hurts Euro JPY - Yen Hurt by Fresh Chinese Regulations Crude Oil - Crude Drops As a Result of Strong Dollar, Chinese Policy
|
|||||||
|
|
|
| Comments | 0 | Hits: 42 |
|
|
|
|||||
The dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier currencies and into the safety of the dollar and yen. Summary USD - Unemployment Rate Improves EUR - Sovereign Debt Fears Sinks the EUR JPY - Sovereign Debt Fears Boost the Yen Oil - Spot Crude Oil Prices Plummet
|
|||||||
|
|
|
| Comments | 0 | Hits: 40 |
|
|
|
|||||
The USD was higher against its major counterparts Wednesday, heading toward its highest levels versus the EUR since last summer, following the release of better than expected economic data from the U.S. Summary USD - The USD Rallies on Better than Expected Economic Data EUR - Credit Concerns Continue to Pressure the EUR JPY - Yen Gains on Poor Data from Asia Crude Oil - Crude Prices Decline on Weak Demand
|
|||||||
|
|
|
| Comments | 0 | Hits: 45 |
|
|
|
|||||
Australia surprised economists by holding interest rates steady after the market unanimously predicted an interest rate hike. Also a chain of positive news has helped spot crude oil prices jump over 5.5% during the past two days. Summary USD - Pending Home Sales Hurt the Dollar EUR - Greek Debt Fears Subside JPY - Australian Interest Rate Held Steady, Shocking the Market Crude Oil - Crude Prices Jump on Positive USD Data
|
|||||||
|
|
|
| Comments | 0 | Hits: 44 |
|
|
|
|||||
The American economy is due to release a number of reports today which may have a moderately heavy impact on today's trading. The Personal Spending and Personal Income reports due at 13:30 GMT will carry a level of significance in today's market, but not nearly as much as the ISM Manufacturing PMI scheduled for 15:00 GMT. Forex traders won't want to miss out on these reports especially since many are forecasting a short-term downward correction for the USD in today's trading. These reports will either debunk or verify that notion. Summary USD - Is the USD Expecting a Downturn Today? EUR - EUR News Absent from Today's Trading JPY - JPY Bullish from Pacific Growth and Risk Aversion Crude Oil - Spot Crude Oil's Next Target $68 a Barrel?
|
|||||||
|
|
|
| Comments | 0 | Hits: 41 |
|
|
|
|||||
Following signals from the U.S. Federal Reserve that American interest rates may be increased sooner then expected, the U.S. Dollar got a significant boost in trading last night and in the early morning today. Today, a full set of Dollar related news events will likely determine the direction the greenback goes for the rest of the week. U.S Unemployment Claims will Determine Today's Trend The U.S. Dollar awaits the publication of the Unemployment Claims at 13:30 GMT from U.S. The result is expected to be 451K, slightly better than the previous result of 482K. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S market opens. So far today, the EUR/USD cross is virtually unchanged at the 1.4005 level. The greenback is actually trading about 100 pips lower against the GBP, following a bearish movement for the GBP/USD in last week trading. Against the Japanese currency, the USD/JPY is currently trading at 90.20. The other release today that is set to determine the levels for the USD and its most traded pairs are the Core Durable Goods Order at 13:30 and Treasury Sec Geithner Speech at 14:45 GMT. These are the main events for today, and are set to determine the strength of the main crosses. Therefore, it is advised that you open positions in the major pairs now. Summary USD - Interest Rate Rumors Boost Dollar EUR - Euro Hits near Record Lows against Dollar JPY - USD/JPY Rises Following FED Meeting Crude Oil - Oil Increases Following American Inventories Report
|
|||||||
|
|
|
| Comments | 0 | Hits: 68 |
|
|
|
|||||
The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may be a positive for the USD. Summary USD - Existing Home Sales Fall Sharply EUR - Risk Aversion is back JPY - Market Anticipates Japanese Interest Rate Decision Crude Oil - Spot Crude Oil Prices Rise with U.S. Stocks
|
|||||||
|
|
|
| Comments | 0 | Hits: 61 |
|
|
|
|||||
American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD. Summary USD - U.S. Dollar Trades Higher on Stock Market Declines EUR - EUR Troubled by Stream of Negative Data JPY - Japanese Yen Receives Boost from Risk Aversion Crude Oil - Oil Inventories May Support a Price above $80 a Barrel
|
|||||||
|
|
|
| Comments | 0 | Hits: 61 |
|
|
|
|||||
The U.S. Dollar firmed against most major counterparts, with the gains especially strong against the EUR, amid continued worry about Greek debt and further signs that Germany's economic recovery may be losing momentum. Summary USD - The Dollar Turns Positive after TIC Data EUR - EUR/USD Hits 4 Month Low on German Sentiment JPY - The Yen Strengthens vs. Majors Crude Oil - Crude Rises as U.S. stocks Rally
|
|||||||
|
|
|
| Comments | 0 | Hits: 50 |
|
|
|
|||||
The U.S Dollar declined against major counterparts Monday as risk appetite returned on renewed confidence about an impending global economic recovery. The renewed optimism fueled demand for the EUR as well as currencies from commodities-rich countries such as the AUD and NZD. Summary USD - USD Declines on Rise in Optimism EUR - EUR Rises as Demand for Riskier Currencies Grows JPY - The Yen is higher against Major Counterparts OIL - Crude Prices Decline on Prospects of Warmer Weather
|
|||||||
|
|
|
| Comments | 0 | Hits: 65 |
|
|
|
|||
Today, traders should pay close attention to the release of the U.S. Unemployment Claims report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 13:30 GMT. Summary USD - USD Down Following FOMC Meeting Minutes EUR - EUR Rallies against Dollar and Yen JPY - Yen Free Fall Continues Crude oil - Crude oil Rises on Weak Dollar
|
|||||
|
|
|
| Comments | 0 | Hits: 106 |
|
|
|
|||
Tuesday's much worse than expected Pending Homes Sales release boosted the U.S. Dollar and the Yen as investors returned to the safety of the greenback and the Japanese currency. Both the Yen and Dollar reverted back to gaining in times of negative economic data. A full news day today will likely prove quite volatile for the major pairs, particularly in light of yesterday's disappointing surprise. Summary USD - USD Regains Safe Heaven Status EUR - EUR Pressured by Renewed Credit Concerns JPY - JPY Benefits form Negative Economic Data Crude Oil - Crude Gains for Ninth Consecutive Day
|
|||||
|
|
|
| Comments | 0 | Hits: 63 |
|
|
|
|||
With a slow trading day expected today, investors will likely keep there eyes on the U.S. Dollar and whether it can maintain its recent upswing going into the New Year. Set to be released later today, the U.S. Consumer Confidence report should give traders a good idea about the general direction of the greenback as 2009 draws to a close. Summary USD - Consumer Confidence Report Likely to Impact Greenback EUR - Euro Slips against Major Currencies JPY - Yen Sinks against Dollar Crude Oil - Oil Prices Up Ahead of New Year
|
|||||
|
|
|
| Comments | 0 | Hits: 122 |
Page 1 of 10
Our Top Pick Broker
Best Forex Bonuses
InstaForex broker offers non-deposit bonus.
100% upto $300!Double your deposit with this great offer.
Bonus upto $1,000Great bonuses from eToro broker.
10PIPS is another broker with non-deposit bonus!
Forex Survey
How Experienced Are You?
