EUR/USD The Euro was unable to secure any further buying support on Friday and retreated to fresh two-month lows close to 1.32 against the dollar as underlying sentiment remained weak. The contagion threat remained the key negative influence for the Euro with persistent fears that the debt crisis and impact of widening yield spreads would [...]

Last week’s currency trading review The Dollar gained on heavy safe haven flows given a military confrontation in Korea, China Monetary Tightening and Irish Bailout issues. Stocks where under heavy pressure but managed a rally on Wednesday ahead of a Holiday shortened week in the US. Weekly Jobless Claim fell to two year lows at [...]

EUR/USD The Euro found support on dips to near 1.33 against the dollar on Thursday and recovered to near 1.3380, but rallies quickly attracted selling pressure as underlying confidence remained weak. There were further Euro-zone stresses during the day as fears over the Irish economy persisted. There was also a widening of German Spanish yield [...]

USD in a trading range as US observes Thanks Giving! The Dollar Traded quietly during yesterdays US market holiday. The majors traded inside recent ranges with little fresh news to move the markets beyond. Risk aversion took a small break during the day however as the Asian session begun risk aversion trickled back in the [...]

U.S. Dollar Trading (USD) stocks around the world rebounded from heavy selling with some good economic data trumping the negative Irish/Korean news. Weekly Jobless Claims dropped to two year lows at 407k and UoM consumer sentiment jumped to 71.6 vs. 69.3 previously. In US stocks, DJIA +150 points closing at 11187, S&P +17 points closing [...]