Following signals from the U.S. Federal Reserve that American interest rates may be increased sooner then expected, the U.S. Dollar got a significant boost in trading last night and in the early morning today. Today, a full set of Dollar related news events will likely determine the direction the greenback goes for the rest of the week.
The U.S. Federal Reserve (FED) left interest rates unchanged following their policy meeting on Wednesday, but an overall tone of optimism left the door open to an increase in the near future. The Dollar react... ( read more )
Archive for January, 2010
January 26, 2010 - Forex News Expected to be Dollar Positive Today
The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may be a positive for the USD.
Yesterday's release of U.S. existing home sales showed a sharp drop during the month of December. Traders reacted by selling the Dollar and buying the EUR instead. However, by the end of the day, the EUR/USD was relatively unchanged from its opening price as traders are tentative to p... ( read more )
January 25, 2010 - Interest Rates Announcements from Japan and the US Expec...
The Dollar and the Yen, the two strongest currencies of last week's trading session, are likely to be shaken this week, as interest rates announcement from both the U.S. and Japan are expected. Any manipulation of rates by any of the two is likely to have a massive impact on the market. This could provide unique opportunities for high profits, and traders should use this extraordinary week in order to boost profits.
The Dollar rose significantly against the major currencies during last week's session. The Dollar corrected some of its losses ... ( read more )
January 21, 2010 - The USD Trades Higher As Equity Markets Declines
American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD.
The U.S. Dollar continues to climb against its rivals as risk avers... ( read more )
January 18, 2010 - The USD Closes a Bearish Week Due to Poor Data
After consistently dropping last week, the Dollar's downtrend appears to be halted. The Dollar is currently rising against the Euro, and considering Crude Oil's surprising drop, it seems that the Dollar has the potential to rise further. However, as a week packed with economic publications from the U.S. begins, it seems that the direction of the Dollar will be determined by the results of this data.
The Dollar dropped against most of the major currencies during last week's trading session. The Dollar saw a 200 pips slide against the Yen, and... ( read more )