Tag: fundamental 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: 198 |
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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: 118 |
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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: 203 |
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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: 202 |
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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: 190 |
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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: 162 |
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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: 190 |
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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: 171 |
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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: 138 |
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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: 158 |
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