Advisable For Traders To Follow

The U.S. ADP Non-Farm Employment Change is the primary publication today that is set to determine the level of the USD when it is released at 12:15 GMT. The other main releases that are set to dominate trading, especially for currencies such as the Dollar and EUR is the publication of the Retail Sales from the Euro-Zone at 9:00GMT and Crude Oil inventories at 14:30 GMT. Traders may find good opportunities to enter the market following these vital announcements. Economic News USD - Dollar Falls Broadly against the EUR on Fed's Comments The US dollar fell against the EUR on Tuesday after Federal Reserve Chairman Ben Bernanke said the central bank is prepared to take further steps to help the economy. By yesterday's close, the dollar fell 1% against the EUR to 1.3276. Federal Reserve ...

The U.S. dollar gained further against the euro and other major currencies Thursday as a sharp extended retreat for U.S. equities and weak data out of both China and the euro zone spurred investors to dump risky assets. Economic News USD - Dollar Recovery Continues The dollar rallied broadly on Thursday as mounting concerns about the global economy pushed investors to embrace safety while shunning riskier assets, with the euro tumbling to an eight-month low. By yesterday's close, the dollar rose against the EUR, pushing the oft-traded currency pair to 1.3440. The dollar experienced similar behavior against the GBP and closed at 1.5350. The U.S. Federal Reserve said Wednesday it will shift its portfolio toward longer-term debt to bolster the economy, and investors' unwound leveraged ...

Forex News and Events: USD strengthened in the Asian trading as regional equity indices dropped and risk sentiment declined. With no real headlines or data points, its looks as if the primary culprit for the erosion in confidence was the reaction to the 3-yr €78 bn Portugal bailout agreement with the EU/IMF. While on first glance the news should have been heralded as a solution, with further examination the deal looks like more evidence of EU denial. The bailout gives the nation more room to maneuver, yet it does not mandate structural reforms nor factor in the expected interest rate cost (rates should be determined in 16-17th EU meeting). The scheme features less aggressive fiscal consolidation targets than the government's current plan. In addition, the agreement needs to be ratified ...

Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over 50 pips against the dollar before staging a correction. Currently the USD/JPY stands at 85.02. Economic News USD - Dollar Drops on Renewed Risk Appetite The U.S dollar fell against most of its major currency rivals yesterday, hitting its lowest level in nearly a week against the EUR, as gains in commodities prompted investors to wade into riskier currency trades. By yesterday's close, the USD fell against the EUR, pushing the oft-traded currency pair to 1.4400. The dollar experienced similar behavior against the GBP and closed at 1.6385. The ...

This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today's report on US personal spending at 12:30 GMT may provide a glimpse into other growth prospects before this week's more important data releases get published. Economic News USD - USD Lower as Libyan Tensions Escalate The declining value of the US dollar over the past few weeks has many traders anticipating a potential direction change, particularly as the greenback approaches significant support lines. The EUR/USD rose as high as 1.3840 on Monday, before returning to trade near 1.3815 in today's early morning hours. The GBP/USD also hit as high as 1.6286, up from its recent dip to 1.6030. The sudden ...

The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the dollar as its positions are unwound in exchange for higher yielding assets. Economic News USD - US Dollar in Decline from Renewed Risk Appetite The US dollar slipped against the EUR and CHF Wednesday, erasing some early morning gains after encouraging European data sent traders into riskier, higher-yielding assets. By yesterday's close, the greenback had fallen against the EUR, pushing the oft-traded currency pair to 1.3750. The dollar experienced similar behavior against the Swiss franc, closing at the 0.9900 price level. ...

The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With recent market optimism, traders may continue to see a small downward trend in the dollar as positions are unwound in exchange for riskier assets. Economic News USD - USD Declines Following Heavy News Day The U.S. dollar slipped against the EUR and CHF Wednesday, erasing some early morning gains after encouraging U.S. economic data sent traders into riskier, higher-yielding assets. By yesterday's close, the greenback had fallen against the EUR, pushing the oft-traded currency pair to 1.3600. The dollar experienced similar behavior against the Swiss franc, closing at 0.9580. The producer ...

Today, traders should pay close attention to the release of the U.S. ADP Non-Farm Employment Change report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 13:15 GMT. Economic News USD - Dollar Falls against Majors after U.S. Manufacturing Data The US dollar slid on Tuesday against other major currencies, hitting a three-month low against the euro, as surprisingly strong US manufacturing data encouraged risk-taking. In addition, the dollar, which saw a safe-haven bids late last week when protests in Egypt intensified, fell broadly as risk appetite returned, hitting a four-week low of 81.33 against the yen and falling 0.9% against the CHF to 0.9355. ...

The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit 82.95. Elsewhere, the greenback surged against the Swiss franc with USD/CHF soaring 1.4% to hit 0.9685. Economic News USD - Dollar Gains on Positive Economic Data The U.S. dollar rose on Thursday as better-than-expected housing and employment data suggested the U.S. economy was improving, though hopes Europe was getting a handle on its debt crisis limited euro selling. By yesterday's close, the USD rose against the JPY, pushing the oft- traded currency pair to 82.95. The dollar experience similar behavior against the GBP and closed at 1.5890. High ...