Tag: forex analysis
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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
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| Comments | 0 | Hits: 106 |
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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
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| Comments | 0 | Hits: 63 |
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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
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| Comments | 0 | Hits: 122 |
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The U.S. dollar continued to strengthen against the majors during Tuesday's trading session. Driving the dollar higher was a rise in existing home sales for the month of November and Final GDP numbers for the 3rd quarter that suggest the U.S. economy is improving. Summary USD - Dollar Moves Higher on Positive Economic Data EUR - Sovereign Debt of Greece Downgraded JPY - Yen at Seven Week Low Versus the Dollar Oil - OPEC Holds Output Firm as Spot Crude Oil Prices rise.
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| Comments | 0 | Hits: 109 |
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Following the optimistic forecast for the U.S. economy given by the Federal Reserve Bank (FED) on Wednesday, the U.S. Dollar continued to make serious gains against its major counterparts well into morning trading. The EUR/USD pair was trading at around the 1.4465 level this morning, a steep decline from only hours earlier. Summary USD - Dollar Makes Big Gains Following FED Statement EUR - EUR Drops Below $1.4500 JPY - Yen Takes Losses Against the Dollar Crude Oil - Oil Prices Rise as Inventories Fall
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| Comments | 0 | Hits: 106 |
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The dollar fell slightly against the major currencies on Monday as signs of a sustained economic recovery and reduced concerns of a default in Dubai curbed demand for the U.S. currency as a refuge. The emirate's move initially prompted investors to sell the dollar and pushed up global equities on improved risk appetite. Summary USD - Dollar Falls on Dubai Bailout EUR - EUR Boosted by Increased Risk Appetite JPY - Yen Experiences Mix Result against Major Currencies OIL - Crude Oil Declines on Falling Demand
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| Comments | 0 | Hits: 88 |
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The U.S. dollar rose on Tuesday to the highest level versus the EUR in 5 weeks and gained against other major currencies, as worries about high levels of debt in Greece and Dubai led investors to buy assets that would offer protection in a crisis. Summary USD - Dollar Falls Broadly against the Yen after Bernanke Comments EUR - EUR Trades Lower on Concerns More European Rating May be Cut. JPY - Yen Advances vs. Majors OIL - Crude Reverses after 5-Day Decline
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| Comments | 0 | Hits: 115 |
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Due to a much better than expected U.S Non-Farm Employment Change figures for November, the Dollar rose against all the major currencies on Friday. Moreover, this has been one of the first times since the recession began that positive data from the U.S have boosted the Dollar. Does this mean that the Dollar is on its way to recovery? Summary USD - Dollar Soars on Unexpected Non-Farm Payrolls Figures EUR - Euro Drops against the Majors JPY - Has the Yen's Bullish Trend Reached its End? OIL - Crude Oil Stabilizes around $75.50 a Barrel
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| Comments | 1 | Hits: 112 |
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The U.S. Dollar rallied against the Yen on Wednesday amid speculation that the Japanese government would intervene in order to prevent its currency from rising any further. The intervention would be an attempt to help the Japanese export industry, which has suffered due to the high yielding JPY. The Dollar has taken advantage of this, making impressive gains throughout the afternoon on Wednesday and into the evening. The greenback has advanced as high as 87.81 against the Yen, leaving last week's record low numbers behind. Summary USD - Dollar Gains on Yen, Reports Losses against High Risk Currencies EUR - Euro Extends Gains Ahead of ECB Meeting JPY - Yen Continues to Slide amid Rumors of Government Intervention Crude Oil - Crude Falls below $77 Following U.S. Inventory Report
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| Comments | 1 | Hits: 85 |
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The Dollar fell to its lowest level in 15 months against the EUR and a basket of other major currencies Wednesday as concerns about Dubai's debt problems faded adding to demand for higher-yielding assets. Government-related Dubai World said it began talks with banks to restructure $26 billion of debt. The holding company is seeking to delay payments on less than half its $59 billion of obligations, easing concern a potential default may set back the global financial system's recovery from the credit crisis. Summary USD - U.S Currency Rises vs. Yen after BOJ Meeting EUR - GBP Rises as U.K. House Prices Advance JPY - Yen Weakens on BOJ New Operations Oil - Crude Trades Around $78 Ahead of EIA data
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| Comments | 1 | Hits: 88 |
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The Dollar decreased dramatically on Monday after a big day on Wall Street led to increased risk taking behavior among investors. An increase in equity and the price of commodities, as well as positive news on existing U.S. home sales had a dramatic effect on trading. Investors dumped their dollars in favor of high yielding currencies such as the EUR, which made impressive gains. Summary USD - USD Falls Amid Gains In The Stock Market EUR - EUR Makes Gains, But Can't Break $1.50 JPY - JPY Bounces Back After Yesterdays Losses Crude Oil - Crude Prices Level Out
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| Comments | 1 | Hits: 103 |
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While all the major currencies continue to provide mix results, there is still one extremely strong in the market - the bullish Gold. During last night gold reached over $1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold's uptrend. Summary USD - Is the Dollar Recovering? EUR - Euro's Bullishness Halts JPY - Yen Strengthens on Positive Japanese Data OIL - Oil's Range Trading Continues; Tension in the Middle East Rises
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| Comments | 1 | Hits: 92 |
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The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as safe haven currencies. Summary USD - USD Gains on Weak U.S Economic Data EUR - EUR Struggling to Rise above $1.50 Level JPY - JPY Trades Near a Two Week High versus Euro Crude Oil - Crude Declines on Falling Equities
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| Comments | 1 | Hits: 95 |
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Comments by Fed Chairman Ben Bernanke surprised many investors as he joined the rallying cry for a stronger Dollar, which may lead to strength for the USD in the days ahead. On the other hand, the USD still faces downward pressure from sudden spikes in risk appetite following positive news reports as its safe-haven status has not yet diminished. After last week's drop in consumer confidence, safe-havens like the USD and JPY have begun to regain some of their strength. Summary USD - Bernanke Statements Diminish USD in Short-Term; Strength Ahead? EUR - EUR Bearish following Consumer Confidence Drop JPY - JPY Gaining from Rising Risk Aversion Crude Oil - Oil Prices Defy Strengthening USD, Breach $80
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| Comments | 2 | Hits: 97 |
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The other major releases from the U.S. that forex traders are advised to follow are the TIC Long-Term Purchases, Core PPI and Industrial Production. Summary USD - Dollar Tumbles on All Fronts EUR - GBP Climbs as Optimism Kicks In JPY - Yen Soars against the Dollar OIL - Crude Oil Rises by Most in 6 Weeks
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| Comments | 1 | Hits: 84 |
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The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher? Summary USD - Dollar Continues to Weaken Following Disappointing Data EUR - Euro Sees Mixed Results against the Majors JPY - Japan's Interest Rate Announcement Expected this Week OIL - Crude Oil Drops on Weak U.S. Energy Demand
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| Comments | 1 | Hits: 87 |
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The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements. Summary USD - Unemployment Claims Report on Tap - Will USD Weakness Continue? EUR - EUR Strengthens as GBP Sinks JPY - Yen Declines as Stock Market Rallies Crude Oil - Traders Await Crude Oil Inventories Report
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| Comments | 1 | Hits: 97 |
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The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in particular struggled on Tuesday after Fitch ratings agency told Reuters that Britain was the major economy most at risk of losing its top AAA credit rating.
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| Comments | 1 | Hits: 79 |
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The Dollar is expected to be the driver of the forex market today. This is following yesterday's bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and key Federal Reserve FOMC (Federal Open Market Committee) member Dennis Lockart's speech at 14:15 GMT, and the IBD/TIPP Economic Optimism release at 15:00 GMT. It is encouraged that you traders open big positions in the USD now. Summary USD - Dollar Falls on Higher Risk Appetite EUR - Pound Climbs to 3-Month High vs. Dollar JPY - Yen Goes Volatile against the Majors Crude Oil - Oil Jumps on Weak Dollar
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| Comments | 1 | Hits: 72 |
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While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on a daily basis, and has now reached over $1,100 on ounce. Can it reach higher? Summary USD - Dollar Slides on Negative Employment Data EUR - Euro Rises against the Majors JPY - Yen Sees Mixed Results against the Majors Oil - Oil Rises Due to Hurricane Ida Concerns
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| Comments | 1 | Hits: 76 |
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