Currencies Archive

U.S. Dollar Trading (USD) the markets were selling for most of Thursday on fears nothing would come from the EU summit but this changed dramatically in Asian trade on Friday as the EU came to the rescue of European banks via using the rescue funds… Read more

U.S. Dollar Trading (USD) currencies were very quiet holding to the previous day’s range as traders wait for the EU summit to commence. Expectations are low so there is chance for positive surprise although if Germany does not compromise then we could see traders punish… Read more

U.S. Dollar Trading (USD) the USD was mixed yesterday stronger against the Euro but weaker against most of the other majors as stocks rebounded. Germany was downgraded by a smaller rating agency but the market shrugged this off and US stocks finished slightly higher recovering… Read more

U.S. Dollar Trading (USD) with the EU Summit starting on Thursday the market is starting to price in a failure of EU officials to make progress with German Chancellor Merkal once again stating she is against the idea of Eurobonds. Such Joint liability she believes… Read more

U.S. Dollar Trading (USD) the mood darkened as the day went on yesterday with light selling in Asia turning into a major selloff by the end of the US session. The main factors were the FED downgrading US growth combined with China manufacturing PMI survey… Read more

The US dollar (USD) provided mixed signals versus a basket of currencies following the Federal Open Market Committee (FOMC) statement. The Federal Reserve decided to extend its monetary stimulus via Operation Twist trying to keep the US recovery from stalling. Even though this scenario was… Read more

U.S. Dollar Trading (USD) the market changed direction again overnight as Eurozone debt auctions saw positive demand and Yields dropped in Spanish and Greek 10yr yields. The EUR/USD surged back to 1.2700 and was supported on rumors a bailout for Spain being discussed at the… Read more

U.S. Dollar Trading (USD) the positive feel for the EUR/USD after the Greek elections failed to hold even the European trading session as Spanish Debt continued to trade above the key 7% level. The 7% level is seen a rate that countries can no longer… Read more

U.S. Dollar Trading (USD) the USD is under pressure at the open on Monday with the Greece elections looking like the Pro Euro and Austerity party had the most votes and first chance to make a coalition government. The situation is still unresolved though and… Read more

U.S. Dollar Trading (USD) the markets are starting to get jittery ahead of the Greek elections this weekend with the anti-austerity party leader once again stating he will renegotiate the bailout if elected on the weekend. US stocks fell after US Retail Sales in May… Read more