Currencies Archive

U.S. Dollar Trading (USD) the dollar went to multi-month lows against most majors before market wide aggressive profit taking saw losses turned into gains. Weekly Jobless Claims continued to improve down to 445k vs. 453k previously. Stocks reversed sharply after the US market opened after… Read more

U.S. Dollar Trading (USD) stocks were flat but the trend against the USD continued with fresh selling in New York. The September ADP Private Employment report disappointed falling -39k vs. 24k forecast. In US stocks, DJIA +23 points closing at 10967, S&amp P -1 points… Read more

U.S. Dollar Trading (USD) a major global equity rally sparked by the cutting of Japan&rsquo s interest rates accelerated during the New York session after the release of strong US economic data. September ISM Services 53.2 vs. 51.5 previously. In US stocks, DJIA -78 points… Read more

U.S. Dollar Trading (USD) stocks were heavy overnight with traders taking profit ahead of a big week of important data. August Factory orders fell -0.5% vs. -0.4% previously. August Home Sales rallied 4.3% in August but analysts are quick to note the 30% drop in… Read more

U.S. Dollar Trading (USD) US economic data was generally quite positive on Friday and this allowed most risk assets to extend gains and the Dollar weakness to continue into the weekend. September ISM Manufacturing was at 54.4 vs. 54.5 expected. UoM Confidence was at 68.2… Read more

U.S. Dollar Trading (USD) strong risk appetite allowed US stocks to rally at the open but the market reversed direction sharply as profit taking into the month end took hold. US Q2 GDP was revised higher to 1.7% vs. 1.6% previously. Weekly Jobless Claims improved… Read more

U.S. Dollar Trading (USD) the market sold the dollar once again going into Europe but the selling is getting overdone and the market was unable to sustain the new direction. There was little data so the market reacted to FED speakers who showed disunity in… Read more

U.S. Dollar Trading (USD) some mild dollar buying in Asia did not last long as the market once again focused on the possibility of US QE2 with some analysts calling for new announcements as soon as November. July House Prices fell unexpectedly by -0.1% in… Read more