Weekly

Freddie and Fannie causing USD headaches 14/07/08 last week’s currency trading review The Dollar lost ground against all the major currencies as the US banking sector swirled with rating writedowns and bailout rumours. News that Iran had test fired missiles added to Middle Eastern tension sending Crude Oil to record… read more

ECB Trichet puts the brakes on EURO longs. US FED Bernanke’s turn? 07/07/08 last week’s currency trading review The Dollar was able to make good gains as the weeks big data events provided an opportunity for a dollar bounce. On the back foot most of the week in anticipation of… read more

Oil above $140, Neutral Fed statement hurt dollar. 30/06/08 last week’s currency trading review The Dollar was sold heavily after the FOMC Interest rate statement last week was considerable more moderate than the market was looking for given the Fed held interest rates at 2.00%. The weak Dollar sent commodities… read more

Dollar on the back foot as Oil remains stubbornly High 23/06/08 last week’s currency trading review The Dollar was unable to hold recent gains this week as US economic data weakened dampening Fed rate hike expectations. High oil prices are leading to a deteriorating economic outlook with stocks hitting 3… read more

Bernanke and Trichet comment’s drive USD in different directions. 09/06/08 last week’s currency trading review The Dollar made strong gains early in the week with the May ISM manufacturing (49.6) and non-manufacturing (51.7) both coming in better than expected. Fed Chief Bernanke made a rare entrance into the Forex arena… read more

USD makes good gains last week on weaker commodities. Big data week ahead. 02/06/08 last week’s currency trading review The Dollar made strong gains this weak against all the Majors as Crude Oil eased back below $130 per barrel and Gold fell below $900 an ounce. Most of the US… read more

Strong Euro data and surging oil hurt USD and stocks. Preliminary US GDP out on Thursday. 26/05/08 last week’s currency trading review The Dollar weakened considerably as the economic outlook soured with many companies issuing earnings downgrades and oil hitting $135 per barrel. The Feds minutes released on Wednesday although… read more

Another volatile week saw record highs for Euro and Aussie dollar before US surged following dampened Euro outlook and stabilizing equity markets 28/04/08 last week’s currency trading review The Dollar was again volatile last week, beginning the week softly before gathering steam as speculation grows around the notion the Fed… read more

U.S Dollar volatile following G7. Euro hits record highs. Sterling surges preceding BoE liquidity plan announcement. 18/04/08 last week’s currency trading review The Dollar traded with volatility based on sentiment rather than data releases this week. In the wash up from the G7 summit, the dollar initially gained momentum as… read more

BoE cut rates, ECB and BoJ maintain current rates. G7 impact to be determined. 11/04/08 last week’s currency trading review The Dollar softened throughout the week as poor data releases combined with the impending G7 summit saw investors sell off the greenback. The Euro hit all-time highs against the dollar… read more