Dollar falls on higher US Treasury prices The US dollar appears weaker today after failing to break through last week’s highs weighed by a pause in US Treasury yields rally. On Thursday, data showed US Jobless Claims decreased by 3K last week and December US Manufacturing climbed more than the market anticipated further justifying a [...]

EURUSD finds support below the 1.3200 level! The Dollar Traded with a risk off sentiment, trading in Asia witnessed North Korean tensions intensify and that fear sent the Euro and Aussie to day lows heading into Europe. Also supporting the Dollar is increasing yields on longer term US government bonds being attributed to the recent [...]

EUR/USD The Euro initially held a firm tone in Europe on Tuesday, but there was a sharp reversal in trends during the US session. There was optimism that President Obama’s proposals to broker a deal over an extension of tax cuts could bolster growth within the US economy and this was important in pushing US [...]

Ireland passes budget cuts, Euro still retreats! The Dollar started weaker yesterday as the market was trading in a ‘risk on’ mood during Asia given news that the US Bush tax cuts would be extended to all Americans and that the Irish budget would pass an important vote. Dollar selling reversed however as a major [...]

Last week’s currency trading review The Dollar was mixed in a very volatile trading week with fresh month highs seen on Tuesday after the EUR/USD broke below 1.3000 before reversing sharply on talk the ECB would aggressively intervene to support struggling countries sovereign debt. Strong data in the US helped equities with ADP Unemployment Change [...]