Forex Trading TV Video Blog

The strong selling of USD was boosted yesterday after hopes that a possible rescue plan for 'Ambac Financial Group', the second largest U.S. bond insurer, would help limit the damage from the ongoing credit crisis. Also yesterday, the US Existing Home Sales for January fell to the lowest level in 9 years while prices slid for the 7th consecutive month, posing a threat to consumer spending; the largest part of the enormous US economy. By the end of the day, the USD remained range bound vs. the EUR, while appreciating the most against its' high-y... ( read more )

The last few weeks have been characterized by Dollar negativity and even despite small gains last week look forward for future downwards pressure on the USD. A major concern has become the severity of the problems in the US economy and how the Fed can solve such issues to bring some stability to the failing dollar. Last week's data from virtually every economic sector in the US reflected the growing instability in what once was the benchmark of global economies. The Fed's main intervention has been its monumental cuts in US interest rates... ( read more )

Yesterday's trading session was characterized by low volatility due to a lack of any significant economic news events. As a result, the greenback saw small losses as it range traded against its major currency rivals. In U.S. share markets, a more consistent trend of bearish behavior took place as the NASDAQ fell by -15.60 points (-0.67%) whilst the Dow Jones was also down by -10.99 pts (-0.09%). Crude oil floated close to $100 a barrel last night, rising by just under $5 a barrel which contributed to the dollar's mild reduction yesterday. The r... ( read more )

U.S. traders were off yesterday celebrating Presidents Day and there was no news or economic data to drive the move. By the end of the trading session, the USD was up 0.4% against the EUR, mainly as a result of position unwinding. This week, inflation will be in focus as the U.S. consumers expect the rise in food and energy prices. Although the greenback edged higher yesterday, analysts estimate that the U.S. data releases may keep the pressure on the currency this week. Bernanke's remarks and recent economic data have left investors betting ... ( read more )

The U.S. Labor Department published yesterday its weekly data concerning the number of the U.S. initial claims for state unemployment insurance aid. The data indicated a drop of 9,000 to 348,000 - slightly better than Wall Street's consensus expectation of 350,000. The December trade balance came in at a monthly deficit of $58.8B, lower than the expected $61B. The trade deficit totaled $711.6 billion for all of 2007, down 6.2 percent from the record set in 2006 and the largest annual percentage drop since 1991. As the subprime crisis continues ... ( read more )