Dollar falls on higher US Treasury prices The US dollar appears weaker today after failing to break through last week’s highs weighed by a pause in US Treasury yields rally. On Thursday, data showed US Jobless Claims decreased by 3K last week and December US Manufacturing climbed more than the market anticipated further justifying a [...]

Ireland passes budget cuts, Euro still retreats! The Dollar started weaker yesterday as the market was trading in a ‘risk on’ mood during Asia given news that the US Bush tax cuts would be extended to all Americans and that the Irish budget would pass an important vote. Dollar selling reversed however as a major [...]

European debt contagion fears continue to spread! The Dollar Traded stronger yesterday as investors continued to punish the smaller European countries selling bonds aggressively and sparking further risk aversion in global stock markets. US Data was mixed with November Chicago PMI forecast at 62.5 vs. 60.0 previously and September Case Shiller House Price index +0.6% [...]

USD in a trading range as US observes Thanks Giving! The Dollar Traded quietly during yesterdays US market holiday. The majors traded inside recent ranges with little fresh news to move the markets beyond. Risk aversion took a small break during the day however as the Asian session begun risk aversion trickled back in the [...]

US Dollar continues to strengthen as US yields rise! The Dollar Traded strong as momentum continued from Monday with stocks and commodities falling sharply towards the end of the day. News that margin requirements would be increased for silver contracts triggered a domino effect throughout the commodities market and currencies. The USDJPY also traded up [...]