Written by Anthony Darvall U.S. Dollar Trading (USD) traders were kept on their toes with resistance met on multiple asset classes and some sharp falls in commodities. July CB Consumer Confidence forecast fell 3 points to 50.4 but May House Prices increased 0.5% m/m. In US stocks, DJIA +12 points closing at 10537, S&P – [...]

Written by Anthony Darvall U.S. Dollar Trading (USD) some good economic data in the June New Home Sales at 0.33m vs. 0.26m previously helped contain some of the USD weakness but the Reserve currency struggled in the positive risk environment. In US stocks, DJIA +100 points closing at 10525, S&P +12 points closing at 1115 [...]

Last week’s currency trading review The Dollar was under pressure with weak economic data combining with strong company earnings to leave little demand for the Greenback. June Housing starts were at 0.55m vs. 0.58 forecast whilst Weekly Jobless Claims came in at 464k vs. 427k previously. Fed Chairman Ben Bernanke spoke before congress and rattled [...]

CURRENCY TRADING SUMMARY – 26th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) the dollar continued to struggle in the ‘risk on’ environment with US stocks extending the week’s gains to over 4%. The release of the EU bank stress results did not fault the good mood with most of the action [...]

CURRENCY TRADING SUMMARY – 23rd July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was sold across the board as demand for the safe haven eased and the market bought stocks and commodities aggressively. Company Earnings were strong but economic data was a little weak with Weekly Jobless Claims at 464k vs. 449k [...]