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 ...
EUR Bullish as US Stock Rally Bolsters Risk Appetite
January 4, 2011 5:54 am by Anton EljwizatThe euro experienced one of its most bullish trading days in recent weeks on Monday. The EUR was affected by the US stock market rally and bearish dollar. The US stock market rally led investors to buy back into the ...
Positive U.S. Data Strengthens Euro
December 31, 2010 8:22 am by Yan PettersA batch of positive data was released from the U.S. economy yesterday and, as a result, the euro has strengthened. The positive data signaled that the U.S. economy is heading towards recovery, and investors took it as a positive sign ...
USD/JPY- Bullish Signal
December 30, 2010 10:55 am by Anton EljwizatThe USD/JPY pair saw quite a consistent bearish trend during the past few weeks. The pair lost about 300 pips since December 16th, falling from the 84.40 level to the 81.40 level today. However, after the pair failed to breach ...
USD and CHF Bullish ahead of New Year Celebration
December 29, 2010 9:00 am by Greg HoldenAfter a modest uptick against most of its currency rivals yesterday, the US dollar appears to be running favorable as low liquidity and market timidity factor into year-end trading.
USD/CHF May Attempt Second Breach of 0.9600 Today
December 24, 2010 10:00 am by Greg HoldenThe Swiss franc’s bullish run against most of its currency counterparts may begin to see corrective movement as the year comes to an end.
Debt Concerns and Flight Delays Lead this Week’s Market News
December 21, 2010 9:00 am by Anton EljwizatThe main development yesterday was the depreciating euro. The euro’s bearish movement against currencies, such as the Swiss franc, came on fears of further credit rating downgrades in Europe while global stocks wavered and investors fled from riskier assets to ...
GBP/USD Confirms Short-Term Downtrend
December 20, 2010 2:30 pm by Greg HoldenThe GBP/USD confirmed a downtrend this morning with a bounce off the significant resistance level at 1.5560. Lower-than-expected mortgage approvals in the United Kingdom had a dampening effect on the pound sterling's appeal, pushing the pair down to a current ...
USD/CAD Awaits Wholesale Sales with Bearish Sentiment
December 20, 2010 2:30 pm by Greg HoldenAhead of the Canadian monthly wholesale sales report (13:30 GMT), it appears the USD/CAD is building towards a decision point.
