Currencies Archive

U.S. Dollar Trading (USD) some negativity entered the market overnight with FOMC member Bullard throwing cold water on QE3 optimism saying that data since the FOMC minutes had improved and that the minutes were ‘a bit stale’. Stocks reacted negatively and the USD gained against… Read more

U.S. Dollar Trading (USD) in an important day of trading for the markets the Fed signaled that it was close to implementing a third round of stimulus to help a sluggish US recovery. The FOMC minutes suggested it was on the cards as soon as… Read more

U.S. Dollar Trading (USD) in an interesting day of trade we saw US stock markets hit new 2012 highs before profit taking reversed the direction aggressively lower. The failure on the topside has led many analysts to issue notes warnings of a possible correction and… Read more

U.S. Dollar Trading (USD) not much movement on the markets overnight with little economic news out traders were focusing on the ECB bond buying proposal reported in a German Newspaper over the weekend. The ECB issued a rare denial Monday on the report stating ‘it… Read more

U.S. Dollar Trading (USD) the safe have Dollar continued to receive support even as global stocks rallied for another day. USD/JPY in particular is on the march higher and the EUR/USD is also heavy while the ECB bailout details are sorted out. The more traditional… Read more

U.S. Dollar Trading (USD) stocks kicked higher again overnight and the safe haven USD weakened against most currencies with the EUR/USD the front runner. US July Housing data was mixed with Housing starts down at 746k vs. 757k forecast but July Building Permits at 812k… Read more

U.S. Dollar Trading (USD) we saw the Dollar enjoy another day of gains after strong July Industrial Output underpinned the growing belief that the US recovery was stabilizing. The USD/JPY broke above Y79 as the US Bond yields increased with the improving US data. July… Read more

U.S. Dollar Trading (USD) stronger than expected July Retail Sales at 0.8% vs. 0.3% forecast helped the USD rally after analysts questioned whether QE3 will be implemented this year. Bigger than expected increases in the July Producer Price Index (PPI) 0.3% vs. 0.2% forecast will… Read more

U.S. Dollar Trading (USD) traders were surprised by the strong move higher in the EUR/USD which took advantage of light trading conditions to return to the 1.23 handle. EUR/AUD and EUR/NOK short coverings where the main catalysts in the otherwise peculiar move higher in the… Read more

U.S. Dollar Trading (USD) weak Chinese Trade Data on Friday led to risk off trading during the Asian and European Trading sessions before reversing higher in the US session on rumors China may do more to support their slowing economy. Over the Weekend no China… Read more