U.S. Dollar Trading (USD) was mixed enjoying strong gains against the Euro but fairly unchanged against other pairs. Weekly Jobless Claims were strong at 415k vs. 454k previously. Also Strong ISM Services Survey improved to 59.4 vs. 57.1 previously. In US stocks, DJIA +20 points… Read more
Currencies Archive
U.S. Dollar (USD) Trading Outlook (04-02-2011)
February 4, 2011U.S. Dollar (USD) Trading Outlook (03-02-2011)
February 3, 2011U.S. Dollar Trading (USD) the market consolidated Tuesday& rsquo s risk rally holding near highs in stocks and the Dollar remaining weak. Some focus switched back to Egypt later in the day as protestors clashed and could spark risk aversion if the situation worsens. In… Read more
U.S. Dollar (USD) Trading Outlook (02-02-2011)
February 2, 2011U.S. Dollar Trading (USD) with selling overdone on Friday the market was buoyant seeing most pairs gain against the Dollar. Oil was extremely strong with Brent Crude breaking above $101 a barrel. Economic Data was strong with Chicago PMI jumping to 68.8 vs. 66.8 previously…. Read more
U.S. Dollar (USD) Trading Outlook (01-02-2011)
February 1, 2011U.S. Dollar Trading (USD) with selling overdone on Friday the market was buoyant seeing most pairs gain against the Dollar. Oil was extremely strong with Brent Crude breaking above $101 a barrel. Economic Data was strong with Chicago PMI jumping to 68.8 vs. 66.8 previously…. Read more
U.S. Dollar (USD) Trading Outlook (31-01-2011)
January 31, 2011U.S. Dollar Trading (USD) risk aversion reentered the markets on Friday as news from Egypt showed the situation deteriorating on Friday sending stock markets tumbling in the US session. News over the weekend showed the crisis continuing and could weigh on markets Monday. Q4 GDP… Read more
U.S. Dollar (USD) Trading Outlook (28-01-2011)
January 28, 2011U.S. Dollar Trading (USD) the dollar was able to fund support overnight after S& P downgraded Japan and stock markets stalled. Weekly Jobless Claims were weak jumping to 454k vs. 405k forecast and Durable Goods also fell -2.5% in December. In US stocks, DJIA +4… Read more
U.S. Dollar (USD) Trading Outlook (27-01-2011)
January 27, 2011U.S. Dollar Trading (USD) the Dollar continued to be under pressure yesterday with stocks pushing fresh highs and the US FED voting to keep rates low for an extended period. New Home Sales surged 17% in December and helped keep investor sentiment strong. In US… Read more
U.S. Dollar (USD) Trading Outlook (26-01-2011)
January 26, 2011U.S. Dollar Trading (USD) the dollar was mixed as a heavy commodity sell off competed with a strong Euro. January Consumer Confidence improved to 60.6 vs. 53.3 previously. November Case Shiller House Price Index forecast at -0.5% vs. -1.0% forecast. In US stocks, DJIA -3… Read more
U.S. Dollar (USD) Trading Outlook (25-01-2011)
January 25, 2011U.S. Dollar Trading (USD) US stocks continued higher and the USD remained under pressure as investors searched for higher returns. With easing banking fears the market is now looking to economic data and Central Bank interest rate announcements for direction in FX. In US stocks,… Read more
U.S. Dollar (USD) Trading Outlook (21-01-2011)
January 21, 2011U.S. Dollar Trading (USD) strong data and weak commodities sent the Dollar higher across the board. Weekly Jobless Claims dropped to 404k vs. 445k previously. December Home Sales at 5.28m vs. 4.88m previously. In US stocks, DJIA -2 points closing at 11822, S& P -1… Read more