CURRENCY TRADING SUMMARY – 18th March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day losing ground against the Risk currencies but holding its own against the two biggest currency pairs the Euro and the Yen. February PPI dropped -0.6%m/m it’s biggest drop in 7 months as energy costs fell. In US stocks, DJIA +47 [...]

CURRENCY TRADING SUMMARY -19th January (00:30GMT) U.S. Dollar Trading (USD) weakened gently in quiet markets as US Bank Holiday kept trading thin. Stock markets came off lows in Asia and rallied in Europe to help risk appetite improve. Attention this week will be on Q4 Chinese GDP and US Corporate earnings. Looking ahead, November TIC [...]

USD: Mixed, jobless claims up, retail sales down, business inventories rise JPY: Higher, tracking risk sentiment, machinery orders fall sharply EUR: Lower, Trichet calls for strong USD, EU Greek bond spreads continue to widen GBP: Higher, Moody’s expressed confidence UK will tackle its deficit, BOE may pause its bond buy program CAD and AUD: AUD [...]

FX Highlights The USD is trading mixed to lower in reaction to a statement from the Feds’ Dudley that short-term interest rates may stay low for as long as two more years and improving risk appetite as Asian equity markets rally, GBP supported by statement from Moody’s that UK officials are aware of what they [...]

CURRENCY TRADING SUMMARY -14th January (00:30GMT) U.S. Dollar Trading (USD) remained on the back foot for most of the day as the Dollar buying from Tuesday subsided and risk appetite improved as US stocks climbing to fresh year highs. The Fed Beige Book kept the outlook quite weak and failed to inspire USD support. DJIA [...]