Record earnings from US companies sent Gold and Oil higher last week. Gold rose nearly 10% since August 2009 recording an all time high last week. Gold is being seen as a hedge against inflation, and with all the money being pumped in the economy lately, thus attributing for the strength in Gold. Oil also [...]

CURRENCY TRADING SUMMARY – 25th September (02:30 GMT) U.S. Dollar (USD) advanced higher against the majors following weaker U.S. data and a drop in commodities prices.  Jobless Claims dropped slightly to 530k while Housing Data disappointed the markets by falling 2.7% against expectation for a 2.1% increase.  Wall Street drifted lower, DJIA -41.11 points closing [...]

CURRENCY TRADING SUMMARY – 23rd September (00:30GMT) U.S. Dollar Trading (USD) started to fall in Asia and the move accelerated in Europe as the market through caution to the wind and sold the dollar aggressively. New Year Highs were seen on the EURO, CHF and NZD against the Dollar. Traders were caught a little off [...]

CURRENCY TRADING SUMMARY – 22nd September (00:30GMT) U.S. Dollar Trading (USD) was well supported from the open Monday as the market took risk off the table ahead of Wednesday’s FOMC meeting. The meeting could prove critical for the USD as policy makers express their thoughts on an exit strategy and signal their beliefs about the [...]

CURRENCY TRADING SUMMARY – 21st September (00:30GMT) U.S. Dollar Trading (USD) gained through bouts of profit taking ahead of the weekend although gains were small as US stocks continued to march higher. This week holds major risk events for the Dollar including the FOMC meeting on Wednesday and G20 communique on Friday. Also of note [...]