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 )
Posts Tagged with ‘forex’
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 )
January 15, 2010 - USD Still Traded Low after Retail Sales Report
The Dollar fell broadly on Thursday amid negative news reports that all but dashed hopes of an interest rate hike in the near future. Today, investors will be looking at two reports that could impact USD. The Core CPI report as well as a consumer sentiment report could give the Dollar a much needed boost in afternoon trading.
After falling broadly against most of its major counterparts in trading yesterday, the Dollar is still low as we start off the day. A disappointing retail sales report yesterday caused the greenback to fall to a tw... ( read more )
January 13, 2010 - The USD Trades Lower Against JPY
The US Dollar was little changed against the EUR but fell significantly against the yen during Tuesday's trading session after the People's Bank of China increased the amount of reserves Chinese banks must hold in order to slow the growth of credit.
The US Dollar was trading lower against the EUR yesterday as traders stayed away from riskier assets such as equities and crude oil, opting for the safety of the Yen. In addition to the new banking restrictions in China, concerns over the sovereign debt of Greece did little to increase trade... ( read more )