Tag: us
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The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors' appetite for risky assets. Summary USD - Dollar Rises on Demand for Greenback's Safety EUR - EUR Erases Gains; Slips Below $1.30 level JPY - Yen Rises on Safety Demand Crude Oil - Oil Falls a 2nd Day after Consumer Confidence Drops
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The U.S. Core CPI is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the dollar and euro is the publication of the U.S. TIC Long Term Purchases and Prelim Consumer Sentiment at 13:00 GMT and 13:55 GMT respectively. Traders may find good opportunities to enter the market following these vital announcements. Summary USD - USD Falls on Negative Economic Data EUR - EUR/USD Hits 2-Month High JPY - Yen Experiences Mixed Results against Major Currencies OIL - Oil Prices Fall Based on Weak U.S. Data
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Due to renewed concerns regarding the Euro-Zone's debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. However, what will determine the direction of the Dollar today is likely to be the economic data which is expected from the U.S. and the Euro-Zone, especially the U.S. Trade Balance report. Will the Dollar see another day of rising trend? Summary USD - Dollar Strengthens As Second-Quarter Earnings Season Begins EUR - Euro Tumbles on Concerns Stress Tests Won't Ease Investors JPY - Yen Rises as Risk Aversion Increases OIL - Crude Oil Drops To $75.50 a Barrel
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Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 14:00 GMT. Summary USD - USD Rises against EUR on Sign of Strengthening Economic Recovery EUR - EUR Weakens to a 1 1/2-Year against the Pound JPY - Yen Sees Mix Results against the Majors Crude Oil - Oil Falls below $78.50
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After falling to one year lows against several of its main currency rivals, the Euro was able to bounce back slightly last night. Following news that U.S. interest rates will likely remain at their current levels for the foreseeable future, the single currency was able to make very slight advances against the greenback and is currently trading around the 1.3200 level. Summary USD - Dollar Gains Big on Euro-Zone Woes
EUR - Euro Tumbles Following Spanish Downgrade
JPY - Yen Able to Maintain Gains Despite Return To Risk Taking
Crude Oil - Crude Struggling to Maintain Prices Above $83 a Barrel
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After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in the week? Summary USD - Recovery Indications from the U.S. Economy Strengthen the Dollar EUR - Euro Continues To Tumble Vs. The Majors JPY - Yen Corrects Losses against the Major Currencies OIL - Harsh Volatility Drives Crude Oil towards $80 a Barrel
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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
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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
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 | Forex | daily market trend | analysis | news | fundamental | technical | eur | Bernanke | testimony | gain | fed | chairman | ben Bernanke | us | congress | market | volatility | ||||||
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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
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