Rebound And We Will Then Advise To Trade

The U.S dollar weakened for the first time in three days against the euro in overnight trading, as Asian stocks gained amid optimism the global economic recovery remains intact, damping demand for the greenback as a refuge. Economic News USD - Dollar Rebounds Ahead of Fed's Meeting The U.S currency rose against the euro and yen on Wednesday, leaving the dollar index little changed year to date, as investors eased short bets against the currency ahead of a Federal Reserve meeting. The greenback extended its advance after stocks steepened their decline and a report showed new-home sales in the U.S. accelerated last month. Analysts noted the improvement came off of historically low levels. Earlier in the U.S. session, the dollar briefly pared its gains after a report on orders placed ...

Dollar Strengthens On Speculations Fed Easing Will Accelerate Inflation Wednesday, 27 Oct 2010 The U.S. dollar gained against most of the major currencies on Tuesday. The dollar strengthened against the euro for the first time in 3 days, and the EUR/USD fell as low as the 1.3825 level. The dollar strengthened against the Japanese yen as well, gaining about 100 pips in a single trading day. The dollar rose against most of the major currencies on speculations that an increase in debt purchase by the Federal Reserve will spark inflation. The current sentiment in the market is that the Federal Reserve will manage to accelerate inflation, and as a result demand for the greenback has increased. In addition, a positive U.S. Consumer Confidence release supported the dollar yesterday. ...

The U.S. dollar gained against most of its major rivals yesterday, for the first time in three days. The dollar's recovery came due to speculations that the Federal Reserve will increase debt purchases. Investors believe that this step will spark inflation in the U.S. and will strengthen the greenback as a result. As for today, several news releases are expected from the U.S. and the euro-zone. This is likely to create large volatility in the market in what promises to be a very exciting trading day. Economic News USD - Dollar Strengthens On Speculations Fed Easing Will Accelerate Inflation The U.S. dollar gained against most of the major currencies on Tuesday. The dollar strengthened against the euro for the first time in 3 days, and the EUR/USD fell as low as the 1.3825 level. The ...

Dollar Weakens Ahead Of Non-Farm Payrolls Friday, 8 Oct 2010 The U.S. dollar fell against most of the major currencies during yesterday's trading session. The dollar's most notable depreciation took place versus the Japanese yen. As a result the USD/JPY pair is now trading at the 82.30 level, near a 15 year low. The dollar continued its bearish trend against the major currencies today due to speculations that the Federal Reserve will debase the greenback by advancing purchases of government debt to in order to support the economic recovery. Later on the dollar erased some of its losses following better than expected employment data from the U.S. The weekly Unemployment Claims report showed that applications for U.S. unemployment insurance unexpectedly dropped last week to its lowest ...

Yesterday's trading was filled with exciting developments; the dollar ended a bearish run against the euro and the British pound on one hand, and reached a 15-year low against the Japanese yen on the other hand. In addition, crude oil saw a very irregular daily loss of over 300 pips. That being said, today's trading promises to be no less exciting, largely due to the U.S. Non-Farm Payrolls release scheduled for 12:30 GMT. This is the most significant indication of the U.S. employment situation, and unusual volatility is often observed following its release. Economic News USD - Dollar Weakens Ahead Of Non-Farm Payrolls The U.S. dollar fell against most of the major currencies during yesterday's trading session. The dollar's most notable depreciation took place versus the Japanese yen. ...

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's Rise Slowing Prior to NFP Week The rising value of the US dollar over the past week has begun to meet resistance against a number of currency pairs. The EUR/USD fell as low as 1.2600 on Friday, before returning to trade near 1.2745 in today's early morning hours. The GBP/USD also hit as low as 1.5390 before popping back up to 1.5545 today. The sudden rise in risk aversion was one explanation being offered for this most ...

Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT later at 18:00GMT Beige book revealed a gloomy outlook for U.S. economy. Although company earnings are still high, yesterday fears about recovery came back to dominate the markets. Economic News USD - Traders Shift from EU Debts Concern to U.S. Economic Outlook U.S. macro data came far less than expected. Investors responded by moving away from riskier assets back to buying the Yen and U.S. Dollar. The EUR/USD was slightly down after U.S Durable Goods was published, The USD/JPY traded lower, currently trading at $87.22 as investors feel safer holding the ...

The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors' appetite for risky assets. Economic News USD - Dollar Rises on Demand for Greenback's Safety The U.S Dollar advanced against most of its major counterparts as a decline in U.S. consumer sentiment to a 5 month low revived demand for the relative safety of the world's main reserve currency. The U.S. consumer confidence for July fell to its lowest level since February with all eyes on consumer durable goods numbers for June later in the session for more evidence about the world's largest economy. The greenback advanced as much as 1.3% to 87.97 Yen in the ...

Commentary of the EUR/USD parity : The parity is currently testing the lower band of its bullish channel (black lines). All indicators are now bearish. We are expecting a rebound on the lower band. A return above 1.28 will comfirm this rebound and we will then advise to trade only long positions as far as the price is above 1.2750. However, if the price continues its bearish movmeent below 1.27, a sell signal will be given. See the previous analysis of the EUR/USD parity of July 21th, 2010