Currencies Archive

U.S. Dollar Trading (USD) some very strong US data sent the Dollar broadly higher yesterday with stock markets also posting gains. December ADP Private Employment soared past expectations at 297k vs. 100k forecast. December Services PMI also soared to 57.1 vs. 55 previously. In US… Read more

U.S. Dollar Trading (USD) was well supported by pullbacks in stocks and commodities globally due to profit taking. The FOMC minutes gave Wall St. a boost as the FED maintained its view for a full QE2 implementation even as economic data has improved somewhat. In… Read more

U.S. Dollar Trading (USD) both US stocks and the US Dollar where strong in New York today with some good economic data underpinning investor sentiment and new year beginning on a positive note. December Manufacturing PMI jumped to 57.0 as expected. In US stocks, DJIA… Read more

U.S. Dollar Trading (USD) a strong day in commodities sent the USD lower across the board. End of year position adjustments in a thin market meant moves were sharp and whippy with most traders returning in January. In US stocks, DJIA +7 points closing at… Read more

U.S. Dollar Trading (USD) had a volatile and mixed trading session in thin liquidity with year end flows dominating and often confusing traders. Normal relationships broke down with GBP falling whilst the Euro rallied and the Aussie came under broad profit taking pressure. Weekly Jobless… Read more

U.S. Dollar Trading (USD) was weak for most of the day before a sharp reversal in the US session saw the Greenback gaining across the board. Stock are remaining Buyout especially energy stocks as Oil trades above $91 a barrel. In US stocks, DJIA +20… Read more

U.S. Dollar Trading (USD) weakened against most pairs with Oil leading the market higher. Weekly Jobless Claims came in at 420k as expected. November New Homes Sales did recover up +5.5% m.m. In US stocks, DJIA +14 points closing at 11573, S&amp P -2 points… Read more

U.S. Dollar Trading (USD) was mixed with many pairs moving independently in thin holiday markets. Stock markets continued to rise and this is allowing risk assets such as Oil and Aussie to rise. November Home Sales gained 4.68m vs. 4.43m previously. In US stocks, DJIA… Read more

U.S. Dollar Trading (USD) had a mixed day being sold against commodities and risk currencies such as the Aussie but remaining on the front foot against the Euro. Stock markets are continuing to rally and this is keeping risk appetite strong in Holiday trading. In… Read more

U.S. Dollar Trading (USD) did very little throughout the day but was generally strong as the biggest pair the EUR/USD continues to pressure the downside. Stock markets globally are remaining near year highs but there is little intraday movement to create risk on or off…. Read more