Dollar Sell-Off During European Trading
February 1, 2011 11:45 am by Russell GlaserThe greenback was on its back foot today as traders sent the US dollar lower versus the majors for the second day in a row following better than expected European economic data.
Traders Eye Fed Statement and Crude Oil Inventories
January 26, 2011 12:19 pm by Russell GlaserAs the US trading session nears, traders are anticipating the FOMC statement as well as US crude oil inventories. Prior to the releases both the euro and crude oil are trading higher on expectations for the Fed to follow through ...
British Pound Poised for Short-Term Comeback
January 19, 2011 11:00 am by Greg HoldenFollowing this morning’s employment data releases from the United Kingdom, the British pound appears poised for a correction. The UK Claimant Count Change report showed a decrease in unemployment claims by approximately 4,100 individual claims over the past month. Moreover, ...
Silver and Crude Oil Continue to make New Highs
January 3, 2011 2:23 pm by Russell GlaserThe dollar and commodities kicked off the new year with a bang, trading higher versus the majors. But as the day moved on many of the dollar’s gains eroded as illiquid market conditions are apparent with Japanese and European banks ...
Irish Downgrade Sends Euro Lower
December 9, 2010 4:08 pm by Russell GlaserA downgrade in the sovereign debt rating of Ireland by Moody’s had traders selling the euro this morning. The Bank of England also held interest rates steady and did not change the Asset Purchase Facility.
AUD/NZD Rally Looks to Continue
December 9, 2010 12:22 am by Russell GlaserThe dollar continued to gain against rivals on the heels of the tax compromise reached by the Obama administration and Congress. The USD/JPY put in another strong performance with the pair rising above the 84 level. The Kiwi was weaker ...
Dollar Strength Returns; Canadian Economic Data Approaching
December 6, 2010 4:07 pm by Russell GlaserThe dollar was stronger during the European trading session as Fed Chairman Ben Bernanke reassured investors over inflation concerns while Moody’s downgraded the government bond rating of Hungary.
Euro Continues to Tumble
November 30, 2010 2:56 pm by Russell GlaserThe EUR/USD fell below a significant Fibonacci level as the euro continues to be sold amid European debt fears.
Dollar Stronger and Crude Oil Weaker After Morning Trading
November 17, 2010 2:52 pm by Russell GlaserMarkets were quiet this morning during the European session as Ireland is in the midst of talks with the EU and the IMF. This follows yesterday’s gains in the dollar and pullbacks in equities and commodities.
European Fiscal Worries Return, USD/CAD Short Opportunity
November 8, 2010 12:11 pm by Russell GlaserThe dollar was stronger at lunchtime during the European trading session as the euro stumbled following renewed concerns over Greece and Ireland’s fiscal troubles. Canadian housing data is due out this afternoon and the USD/CAD shows a setup to short ...
