U.S. Dollar Trading (USD) we on the back foot ahead of the key ECB meeting as the market pushed to year highs on many pairs. US stocks traded at 2 year highs, and this helped USD/JPY to remain strong. A new story that could potential affect markets is the US budget showdown in the Senate [...]

Last week’s currency trading review The Dollar mixed in a big week of moves with stock markets soaring and Oil hitting fresh year highs. Strong Economic Data helped equity markets move higher and kept risk sensitive currencies very strong. Ongoing Middle Eastern turmoil has led to substantial gains in Oil up over $4 a barrel. [...]

U.S. Dollar Trading (USD) Some very strong Economic data and signals from the ECB that they are close to raising rates sent investor confidence soaring and stock markets posted their biggest gains of the year. Weekly Jobless Claims improved falling to 368k vs. 398k forecast. February PMI Manufacturing improved to 59.7 vs. 59.4. In US [...]

EUR/USD The Euro tested technical levels during Tuesday, but failed to make a decisive break in either direction and consolidated in the 1.3530 area as support below 1.3480, helped by the suspicion of further Asian central bank buying. The Euro-zone data was slightly weaker than expected with fourth-quarter GDP estimated at 0.3% compared with expectations [...]

Euro under pressure on continuing euro zone debt issues The euro edged higher versus the dollar at the start of the new week supported by a rise in risk appetite. Tensions in Egypt appear to ease as Egypt’s President Mubarak has stepped down while Japan’s economy in the fourth quarter was better than the market [...]