Forex news
FOMC and G-20 Lurk In Shadows 21-09-2009
The USD gained against all the major currencies as Friday finished up and traders headed into the weekend. Without much in the way of economic data, investors were left to judge the markets based on their perceptions and existing sentiment. The U.S. stock markets turned in a rather lackluster performance too. There will be little in the way [...]
Mixed Day Of Results For USD 18-09-2009
The USD turned in a mixed day of trading against the majors. The greenback went to new lows against the EUR for the year but picked up some ground on both the GBP and JPY. The U.S. equity markets lost a smidgeon of territory on Thursday, but this came one day after a good performance
Skeptics Worried About Being Left Behind 17-09-2009
The greenback slid further into a morass against the major currencies on Wednesday. The general feeling within the marketplace at this time is that the trend is hard to ignore even if you disagree with it. The economic data that played into the hands of bulls yesterday were the positive numbers from the Industrial Production and Capacity [...]
Retail Sales From The U.S. Next 15-09-2009
Rather strong range trading took place on Monday within the USD and other major currencies. Traders essentially found a marketplace in which fair value is being fought for as investors are largely bogged down debating the merits of the international economy. On the one year anniversary of the Lehman debacle a real discrepancy exists regarding [...]
One Year Later, Questions Remain 14-09-2009
The USD continued to show weakness on Friday as some traders seemingly have put their faith into a U.S. recovery while seeking riskier venues. Although there are many others who are still asking if the data is too good to be true, there is no denying that the University of Michigan
Consumer Sentiment Reading Today 11-09-2009
USD: The USD continued to get hammered on Thursday as it came under pressure while Wall Street had a winning day. The weekly Unemployment Claims did beat expectation with a number of 550K, which bettered the 560K expectation. Trade Balance figures were published and came in with a negative statistic, but it has been a long time since Trade [...]
Uneasy Consumers Equals Fragile Economy 10-09-2009
USD: The road proved another tough one for the USD on Wednesday as it kept losing ground to the other major currencies. The greenback is trading at the low end of its range and appears weak. Having said that, trading seldom is a one way street and the reasons for the fall in value of the USD are up for debate. Nevertheless, no matter the [...]
Consumer Credit Falls Off A Cliff 09-09-2009
USD: The USD continued to slump against the major currencies as traders began to return from their holiday weekend. The greenback took it on the chin across the board in early trading from Europe as it found itself against the ropes for much of the day
Volume Will Start To Pick Up Today 08-09-2009
USD: The greenback floundered during the day as the U.S. celebrated its Labor Day holiday. The greenback moved in a tight range leaving most traders room to contemplate what will take place over the coming days. There is not much in the way of critical data on schedule from the States until Thursday. Today only the Consumer Credit figures [...]
Labor Day Could Mean Volatility 07-09-2009
USD: The USD found itself losing a bit of value on Friday as the Non Farm Employment Change numbers were brought forth. Wall Street did climb on Friday on light volume as many investors had already disappeared for the long holiday weekend. Though the Non Farm Employment Change numbers were slightly better than expected the market was given a [...]
