The market is set to go increasingly volatile today on the publication of U.S. Unemployment Claims at 12:30 GMT and the Philly Fed Manufacturing Index at 14:00 GMT, and Treasury Secretary Timothy Geithner's speech at 13:30 GMT . In turn this economic news will help determine the strength of the Dollar versus its major currency pairs going into end of week trading. In order to take advantage of the forex market now, traders are advised to start opening their USD positions now, prior to the release of this crucial data.

Summary

USD - USD Weakens on Weak U.S. Inflation Data

EUR - EUR Jumps On Increased Optimism

JPY - Yen Rises Against the USD

forex daily market | forex trend | forex analysis | forex news | daily forex analysis | technical news | technical analysis | USD | unemployment | us unemployment | unemployment claims | unemployment data | philly fed | treasury secretary