Last week’s currency trading review The Dollar managed modest gains throughout the week with some ‘risk off’ trading sessions and a full pricing in of the QE2 helping to lift the struggling USD. The G20 meeting over the weekend finished with some commitments to keep FX rates stable and an expansion of Asia’s role in [...]

U.S. Dollar Trading (USD) the dollar went to multi-month lows against most majors before market wide aggressive profit taking saw losses turned into gains. Weekly Jobless Claims continued to improve down to 445k vs. 453k previously. Stocks reversed sharply after the US market opened after the Dow Jones tested 11000. In US stocks, DJIA -19 [...]

U.S. Dollar Trading (USD) a major global equity rally sparked by the cutting of Japan’s interest rates accelerated during the New York session after the release of strong US economic data. September ISM Services 53.2 vs. 51.5 previously. In US stocks, DJIA -78 points closing at 10751, S&P -9 points closing at 1135 and NASDAQ [...]

Euro leading the Market Higher Last week’s currency trading review The Dollar remained under pressure as stock markets around the world extended gains and demand for safe havens assets dropped. Adding to the dollar selling pressure was continued comments from FED members about the possibility/preference of expanding monetary easing or QEII. Weekly Jobless Claims improved [...]

U.S. Dollar Trading (USD) US economic data was generally quite positive on Friday and this allowed most risk assets to extend gains and the Dollar weakness to continue into the weekend. September ISM Manufacturing was at 54.4 vs. 54.5 expected. UoM Confidence was at 68.2 vs. 67 forecast. In US stocks, DJIA +41 points closing [...]