USD Trading Outlook Archive

U.S. Dollar Trading (US) risk aversion dominated the market with stocks continuing their slide unimpressed by the debt deal. Personal income and consumption growth missed in June at 0.1% vs. 0.2% forecast m/m. European Debt concerns and US growth downgrades were the main catalyst for… Read more

U.S. Dollar Trading (US) a massive relief rally in Asia reversed sharply in the US session on weak ISM data and concerns the debt debate may not be over. Earlier in the Asian session a speech by Obama that a deal had been agreed upon… Read more

U.S. Dollar Trading (US) risk remained off overnight as the market waited for news regarding the US debt ceiling negotiations which have stalled. US data was strong with June Pending Home Sales rising +2% vs. -2% forecast. Weekly Jobless claims fell below the psychological level… Read more

U.S. Dollar Trading (US) risk aversion and fresh Eurozone debt fears helped the USD gains overnight even with little progress on the US debt ceiling. June Durable Goods fell -2.1% vs. 1.9% previously and added to the bearish sentiment sweeping the markets. In US stocks,… Read more

U.S. Dollar Trading (US) the USD was under pressure for most of the day with the ongoing Debt Ceiling debate increasing chances the US will lose its AAA rating. The EUR/USD tested 1.4500 in Asia and is leading the majors higher. In US stocks, DJIA… Read more

U.S. Dollar Trading (US) stocks opened to the downside but the reaction on the FX markets was muted with the event risk of the debt negotiations and a possible deal at any time. The reaction to a deal could be Dollar positive but stock markets… Read more

U.S. Dollar Trading (US) the market is now turning its attention to the developing US debt ceiling crisis with time running out on a deal between the President and Republicans. The USD found some support on profit taking in the Euro with the market cautious… Read more

U.S. Dollar Trading (US) saw day highs in early Europe ahead for the EU summit announcement on Greece which reversed risk appetite and sparked a global equity rally. Weekly Jobless claims came in at 418k vs. 405k previously but July Philly Fed rebounded to +3.2… Read more

U.S. Dollar Trading (US) some profit taking and negativity returned to the stock markets overnight with uncertainty regarding the second Greece bailout and US deficit plan jitters. Existing Home Sales slumped to 4.77mn vs. 4.91mn forecast with weakness in US housing market still evident. &nbsp… Read more

U.S. Dollar Trading (US) a major relief rally was staged overnight with commodities and stocks soaring on positive debt news and US housing data. June Housing starts gained +14.6%m/m in a sharp and promising rise. Talk that a US debt deal was getting to closer… Read more