RBA Interest Rate Cut Leads to Aussie Losses
May 1, 2012 8:51 am by Dan EduardA bigger than expected cut in Australian interest rates last night turned AUD bearish against euro, USD and JPY in overnight trading. Additionally, poor US fundamentals brought USD/JPY to a fresh two-month low.
NOK Turns Bullish, But For How Long?
March 15, 2012 11:01 am by Dan EduardAfter tumbling against its main currency rivals during yesterday’s trading session, the Norwegian krone began to correct itself during the overnight session. Following the surprise decision from Governor Oeystein Olsen to cut the overnight deposit rate in Norway, the ...
EUR Comes off Two-Month High to Close Out Week
February 10, 2012 1:03 pm by Dan EduardThe EUR/USD came off a two-month high today, following fresh concerns that Greece could soon default on its debt. The pair spiked as high as 1.3322 yesterday, after Greece reached a deal on austerity measures late in the European ...
USD Retreats vs. Riskier Currencies, Sees Gains against JPY
February 9, 2012 4:31 pm by Dan EduardThe US dollar saw a mixed trading day today, as positive news boosted risk taking in the marketplace which led to gains for currencies like the euro and British pound. News that the Bank of England will inject an ...
US Unemployment Claims may Boost Dollar
February 8, 2012 4:17 pm by Dan EduardThe US dollar spent much of the day today range trading against most of its main currency rivals, including the euro, British pound and Swiss franc. Traders were hesitant to bet against the greenback ahead of possible news on ...
USD/JPY Continues to Make Gains
February 7, 2012 3:55 pm by Dan EduardThe US dollar extended its recent bullish run on the Japanese yen today, with the pair reaching as high as 76.85 before staging a slight reversal. In addition to a positive US jobs report from last week, the pair’s ...
Dollar Remains Bullish to Start off Week
February 6, 2012 7:06 pm by Dan EduardThe US dollar was able to extend the boost it received late last week during trading today, as negative euro-zone news fueled risk aversion and sent investors to the safe-haven greenback. Greece’s inability to reach a debt-swap agreement with ...
USD Rallies Following Non-Farm Payrolls
February 3, 2012 4:09 pm by Dan EduardThe USD posted gains across the board on Friday, following the release of a better than expected US Non-Farm Payrolls figure. The US added 243K jobs in January, a significantly better number than the forecasted 150K. The positive ...
Negative Euro-Zone News Gives USD Temporary Boost
February 2, 2012 7:33 pm by Dan EduardFresh concerns regarding Greece’s debt negotiations sent investors to safe-haven assets during the beginning of today's trading session. The news resulted in the US dollar recouping some of its recent losses against the euro. The EUR/USD dropped to ...
Dollar Continues to Tumble against Main Currency Rivals
February 1, 2012 4:36 pm by Dan EduardThe combination of better than expected euro-zone news and a poor US ADP Non-Farm Employment Change figure caused the USD to extend its bearish trend throughout the day today. The EUR/USD shot up well over 100 pips during the ...
