Last week’s currency trading review The Dollar sustained stock market weakness prompted by downgrade warning for the US and concerned the debt ceiling debt line may be breached. The lack of political progress allowed gold and the Swiss franc to trade at record highs as the preferred safe haven. Q2 GDP did not help surprising [...]

I just can’t believe it. I thought we had more responsible people at the helm of the Federal Reserve, which is one of the most powerful institutions on the planet. I was in shock when I read the headlines that the Fed was debating a third round of quantitative easing or QE3 during their last [...]

Last week’s currency trading review The Dollar data releases were mostly negative throughout the week and the investor sentiment gradually deteriorated. Usually the USD would perform well in such an environment but the US data was the main source of weakness and the positive Greece bailout news allowed the biggest pair in the EUR/USD to [...]

U.S. Dollar Trading (USD) stocks, commodities and most risk assets rose overnight as the FED showed optimism and fears over European debt subsided further. The FOMC Minutes showed the US central bank still believes a moderate recovery is underway and inflation will moderate. In US stocks, DJIA +80 points closing at 12560, S&P +11 points [...]

Last week’s currency trading review The Dollar weakness last week was accelerated by the FED chief Bernanke who spoke at the press conference after the FOMC meeting. In the first Q&A session ever post a FOMC session we saw Bernanke temper expectations that the US would change monetary policy soon with low rates expected for [...]