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Archive for July, 2008

Nonfarm Payrolls On Tap Today

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By Forextvblog on July 3, 2008 -
Forex TV Blog
Yesterday the greenback saw mixed results against most of its currency rivals. The USD fell to a two-month low against the EUR after the ADP reported that NonFarm Employment in the US will fall hard in June. The EUR/USD pair rose just above 60 points yesterday ending the trading day at 1.5859. Versus the JPY the USD fell to 106.05 from 106.68, and after gaining some ground versus the CHF in the early part of the day going as high as 102.30, the greenback ended up losing 100 points closing just above 101.30 .The dollar did pick up points yesterd... ( read more )

July 1, 2008 - US ISM Manufacturing On Tap

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By Forextvblog on
The USD saw bullish momentum against its major currency rivals yesterday. The greenback saw positive trends throughout the trading day as the Chicago PMI rose and beat forecasts and even more importantly, the Crude Oil lost some grounds and was traded at around $140 a barrel. The USD was on a bearish trend last week and traders were looking for some positive news to help the USD rally back. After trading at above 1.58 versus the EUR, the USD regained some grounds and the cross was traded at the mid 1.57 zone. Yesterday's bullish trading by t... ( read more )
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