Last week marked a sharp drop in the Dollar's value, especially against the EUR and the CHF. The biggest question for this week is whether the Dollar will continue to see bearish trends against the major currencies, or reverse. It seems that the upcoming data from the U.S. economy will play a main role in this week's trading, and traders are advised to follow these main publications closely. [caption id="attachment_1822" align="alignright" width="128" caption="The Greenback Continues Its Bearish Move"][/caption]
The positive homes sales and ... ( read more )
Posts Tagged with ‘USD’
August 5, 2009 - The USD Still Remains Volatile, ADP Data Release On Tap
With a chain of bearish trading sessions, the US Dollar has been bouncing the forex market up and down lately. With increased risk appetite and growing market optimism, market conditions are allowing traders to pull away from the safety of the USD. [caption id="attachment_1822" align="alignright" width="128" caption="USD Volatility Continues"][/caption]On the other hand, however, today's housing, manufacturing and employment data from Britain and the United States will provide enough market news to halt current trends and create short-term reve... ( read more )
May 29, 2009 - US – GDP Report on Tap – Will The USD Weakne...
Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 12:30 GMT.
The U.S. Dollar traded weakly in yesterday's session as it witnessed depreciation against all of its currency rivals. Plunging toward the critical levels of 1.4000 against the EUR and 1.6000 against the GBP, the gree... ( read more )
Strong Data from the US Pushes Up Dollar and Oil
The U.S. Dollar and Crude Oil experienced much bullishness in yesterday's trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner's optimistic speech regarding the U.S. economy. This helped the Dollar record a correction against most of its major currency pairs. Crude Oil also reacted positively to the news, helping the "black gold" extend its bullish run.
The Dollar rallied yesterday against most of its major counterparts after data suggesting the slowdown in the U.S. housing market has bottomed out g... ( read more )
May 26, 2009 - Are We Seeing A USD Rally in The Making?
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered investor confidence in the 16-nation currency. As a result, traders may indeed see a reversal in the making for the EUR/USD unless today's news puts a halt to the correction. Sticking close to the calendar today and betting on news releases would be a wise move for the weary trader today as the movements of the forex market are... ( read more )