After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show a slight decrease from the previous report.

Summary

USD - Dollar Manages Slight Gains, But Remains Low Overall

EUR - EUR Records Gains on USD, Losses Against JPY and CHF

JPY - Safe Haven Yen Climbs Vs. Rivals

OIL - Crude Oil Jumps in Overnight Trading

market | trend | fundamental | technical | analysis | eur | USD | gdp | forecast | yen | oil

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

fundamental | technical | analysis | dollar | recovers | consumer | confidence | report | yen | eur | us | safety | demand

Both the euro and British pound fell against the safe haven currencies yesterday, following a speech from FED Chairman Bernanke which caste doubt over the pace of the global economic recovery. While the euro has traded steadily against the U.S. dollar in overnight trading, it continues to fall against the yen.

Summary

USD - USD Sees Moderate Gains Following Return to Risk Aversion

EUR - Euro Breaks its Bullish Streak. Falls Against Yen

JPY - Yen Soars Against Majors as Risk Aversion Returns

OIL - Oil Prices Tumble Following Surprise Increase in Reserves

market | trend | fundamental | technical | analysis | currency | Bernanke | speech | eur | gbp | tumble | british | pound | fed | chairman | global | economic | recovery

The 1-0 over-time victory of Spain over the Netherlands in yesterday's World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain's crumbling economy? Can it boost short-term growth enough to add further momentum to the euro's latest gains against its primary rivals?

Summary

USD - USD Sinking Under Weight of Risk Appetite

EUR - Does Spain's Victory in the World Cup Help the EUR?

JPY - Kan's Democratic Party Defeat Saps JPY Strength

OIL - Chinese Imports and Weak USD Boost Oil above $76

oil | weak | jpy | kan democratic party | eur | USD | economy | sentiment | positive | Netherlands | risk appetite | victory | world cup | spain | currency | analysis | technical | fundamental | trend | market

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

Forex | daily market trend | analysis | news | fundamental | technical | USD | eur | economic recovery | weak | pound | consumer confidence report | us | annoucement

With the Euro already recording fresh 14-month lows against the U.S. Dollar on Thursday, the single currency may see a significantly larger price drop following the U.S. Non-Farm Payrolls report. Set to be released at 12:30 GMT, the report is forecasted to show an increase in the American employment figure. This will likely weigh heavily on the Euro.

Summary

USD - Non-Farm Payrolls Could Lead to Big Gains for the Greenback

EUR - Euro Continues to Fall With No End in Sight

JPY - Yen Makes Big Gains as Safe Haven Currency

OIL - Spot Crude Plummets on Market Turmoil

Forex | daily market trend | analysis | news | fundamental | technical | debt | spain | partugal | bailout | package | Greece | eur

Fears that the sovereign debt issues will spread to other weak economies such as Spain and Portugal as well as concerns that the bailout package will not be enough to return Greece to solvency caused the EUR to fall to its lowest level in 14 months versus the USD.

Summary

USD - USD Gains on Negative Market Sentiment

EUR - EUR Drops over 1% versus the USD

JPY - Yen Rallies versus Counterparts

OIL - Crude Price Drop blow $80 a Barrel

Forex | daily market trend | analysis | news | fundamental | technical | debt | spain | partugal | bailout | package | Greece | eur

After a relatively calm trading week, on which it seemed that the Dollar and the Yen would continue to rise, European governments have offered an aid package to Greece and have immediately created mayhem in the market. Currently the Euro and the Pound are ascending on all fronts, did you take advantage?

Summary

USD - Dollar Erases Gains vs. the Majors

EUR - Euro Soars as European Governments Offer $61 Billion Aid Package to Greece

JPY - Yen Sees Mixed Results against the Majors

OIL - Crude Oil Remains At $85 a Barrel

Forex | daily market trend | analysis | news | fundamental | technical | USD | eur | jpy | Greece | aid | European governments | aid package | 61 billion

The Euro was provided assistance earlier today when the European Central Bank (ECB) announced that interest rates would be held steady - as was expected - and that there was little fear of a sovereign default by Greece. Such a turn of events gave the 16-nation single currency a much needed boost against its primary rival, the US Dollar, but some analysts contend that these gains will be short-lived.

Summary

USD - EUR/USD Exits Down-Trend

EUR - EUR Gains from ECB Governor Statements

JPY - JPY Bearish against Majors; Weekly Gains at an End

OIL - Spot Crude Oil Price Rebounds after Week-Long Decline

Forex | daily market trend | analysis | news | fundamental | technical | USD | eur | jpy | Greece | concern | European central bank | ecb | interest rates | statement

The Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone's smaller countries. That supported some safe-haven flows into the U.S. dollar.

Summary

USD - Dollar's Rally Continues

EUR - EUR Falls to a 10-Month Low Versus the Dollar

JPY - Yen Drops on All Fronts

Crude Oil - Oil Drops as Inventories Rise

Forex | daily market trend | analysis | news | fundamental | technical | eur | USD | fall | European | fiscal | concern | Portugal | ratings firm | debt | euro zone | smaller countries

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

Forex | daily market trend | analysis | news | fundamental | technical | eur | USD | low | downwards | recovery | indication | us | economy | euro | yen | volatility | oil

Yesterday ended with traders returning to the EUR and GBP while selling safe-haven currencies such as the USD and the JPY. An agreement regarding a future safety net for Greece's debt problems helped lift the EUR. Later, Standard & Poor's affirmed its rating for Greece which gave the euro another boost. The GBP experienced its biggest daily gain in several months after better than expected data was published.

Summary

USD - Economy Slowly Improving, Rates Held Steady

EUR - EUR Closes Higher vs. USD as Greece Concerns Ease

JPY - Yen Slides as Risk Appetite Grows

Crude Oil - Crude Oil Prices Rise supported by a Strong EUR

Forex | daily market trend | analysis | news | fundamental | technical | eur | gpb | USD | jpy | agreement | Greece | debt | standard & poor

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

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

Forex | daily market trend | analysis | news | fundamental | technical | euro | recover | greek | rescue | plan | eur | USD