There has been a noticeable trend of stronger US economic data over Q4. Today's last batch of US numbers for this year may show the US economy go into 2012 on a high note.
USD - US Data to Close out the Year on a High Note
There has been a noticeable trend of stronger US economic data over Q4. Today's last batch of US numbers for this year may show the US economy go into 2012 on a high note. This afternoon we'll get pending home sales, unemployment claims, and the Chicago PMI. Last week's housing data was mixed with existi... ( read more )
Posts Tagged with ‘forex’
Daily Forex News
The broad markets largely produced a day of sideways trading as thin volumes continued to take their holiday toll. The major currencies produced consolidated movement throughout Tuesday as data and news proved to lack impetus. There will be no major data releases today and this will leave existing sentiment as king. While the European financial crisis continues to lurk in the shadows it is highly unlikely that any big developments will unfold before the New Year. The EUR/USD pair, followed by the GBP, AUD, and JPY performed nearly dormant on Tu... ( read more )
December 27, 2011 - Volume expected to increase today Forex and broad market...
Volume will begin to increase slowly to the Forex and broad markets today. The EUR/USD pair will be of interest to watch as traders begin to test its ranges. The GBP and AUD will both follow the EUR, but it should be noted that the U.K. and Australia are celebrating Boxing Day. Many equities markets will open today, being led by Wall Street which investors will use as a barometer. It should be noted however that normal market volumes will not return until perhaps late next week after the New Year’s holiday and until then correlations for trad... ( read more )
July 21, 2010 - The EUR Trades Higher from Risk Appetite ahead of Stress...
For the moment, anyways, the EUR continues to enjoy the spotlight while the market awaits the results of the recent stress tests. Risk appetite in the market has surged from a wave of optimism. A number of analysts have been concerned about the EUR's sudden surge, however, since there is little to support such movement. European debt concerns remain, growth continues to lag behind expectations, and the bank stress test results are due this Friday which may reveal just how bad off the region is financially.
The US Dollar continues its decline a... ( read more )
February 4, 2010 - The USD Gains Ahead of Non Farm Employment Data
The USD was higher against its major counterparts Wednesday, heading toward its highest levels versus the EUR since last summer, following the release of better than expected economic data from the U.S.
The USD rallied against its major currency counterparts Wednesday following the release of stronger than expected economic data. The greenback erased overnight losses against the EUR after the release of a better than expected ADP Non Farm Employment report in January while the ISM Non-Manufacturing PMI showed expansion in service sector acti... ( read more )



