U.S. Dollar Trading (USD) the Dollar remained on the back foot as traders took on more risk after stock markets globally continued their march higher. The Bank of Canada held rates at 1.0% but was quite dovish in the accompanying statement and this caused the CAD to underperform the rest of the market. In US [...]

Last week’s currency trading review The Dollar had a dramatic reversal of fortunes as the Euro led a major rebound against the USD last week and left the reserve currency venerable in the new Year. A solid Fed Beige book and very strong US stocks sent the market into ‘risk on’ mode and Oil rallied [...]

U.S. Dollar Trading (USD) in a big data day the Dollar was under heavy pressure as the Euro dragged all pairs higher against the world’s number one reserve currency. Weekly jobless Claims jumped to 445k vs. 405k forecast and prompted profit taking on equities. In US stocks, DJIA -23 points closing at 11731, S&P -2 [...]

U.S. Dollar Trading (USD) stocks and commodities surged putting the USD on the back foot and risk back on around the world. The FED Beige book showed positive signs with all districts showing improvement in the US. In US stocks, DJIA +83 points closing at 11755, S&P +11 points closing at 1286 and NASDAQ +20 [...]

Last week’s currency trading review The Dollar was the strongest currency in the market along with its neighbor the Canadian Dollar as US Economic data continues to improve. December Services PMI improved to 57.1 vs. 55.6 forecast. December Manufacturing PMI improved to 57 vs. 56.6 previously. December US Non Farm Payrolls improved to 103k vs. [...]