USD Bullish as Euro Zone Debt Concerns Reemerge
February 11, 2011 7:00 am by Greg HoldenRecent data out of the United States has helped boost the strength of the dollar in recent trading. The USD climbed against most of its currency rivals in trading yesterday as euro zone debt concerns flared up and US unemployment ...
US Crude Oil Inventories Expected to Show Weak Demand
February 9, 2011 7:00 am by Anton EljwizatThe EUR rebounded from a two-week low against the greenback on Tuesday after a Chinese interest rate hike fueled concerns over its growth. Additionally, demand for commodities prompted traders to unwind bets against the US currency.
FOREX: EUR/USD Retracing Head-and-Shoulder Surge?
February 7, 2011 9:30 am by Greg HoldenExpectations this week for the world’s primary currency pair, the EUR/USD, may be summed up by viewing the daily chart’s technical formation. Beginning with last year’s record low price of 1.1875, this pair has been developing a long-term, upward angled, ...
USD/SEK’s Bearish Momentum
February 1, 2011 11:31 am by Greg HoldenAs we can see from the chart below (provided by ForexYard), the USD/SEK has been trading within a major downtrend for some time now. The current reading has pushed below the Sept. 2009 price, making this a 2-year low price ...
Choppy Market Expecting USD Gains after Friday’s GDP Report
January 27, 2011 3:05 pm by Greg HoldenThe events of this week have resulted in a rather sporadic and choppy trading environment.
US Growth Creates Volatility for USD and Crude Oil
January 21, 2011 7:00 am by Anton EljwizatThe U.S. dollar experienced one of its most bullish trading days in recent weeks on 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 USD made significant gains ...
USD Forecast to Maintain Gains Today
January 20, 2011 7:30 am by Dan EduardThe US dollar was able to make substantial gains against most of its main currency rivals in overnight trading. Whether or not the greenback will be able to maintain its bullish trend will likely depend on a batch of ...
US Unemployment Claims to Add to Risk Appetite
January 19, 2011 3:00 pm by Greg HoldenGlobal employment figures and consumer confidence appear to be on the rise these past few weeks. Investors appear to be closing out their short positions on the higher yielding currencies in preparation for a shift in their portfolios. If risk ...
US Non-Farm Payrolls May Boost US Dollar
January 7, 2011 6:00 am by Greg HoldenFollowing Wednesday’s surprisingly bullish employment figures from the ADP report, the market witnessed some heavy volatility in favor of the US dollar. With today’s Non-Farm Payroll (NFP) expected to show similar positive growth, we could see another rally in the ...
NZD/USD Reverses Course, Targets 0.7500
January 4, 2011 6:17 am by Greg HoldenThe US dollar’s decline against most other major currencies yesterday appears to have skipped the Pacific country of New Zealand. The NZD/USD, as will be shown below, actually underwent a bearish session, with many indicators signaling a continuation of this ...
