U.S. Dollar Outlook: Short And Long Term
Stronger U.S. economic data and another round of solid demand for Treasuries has helped to ease safe haven flows, driving the U.S. dollar lower against every major currency except for the Japanese Yen. Durable goods rose to the highest level sinc
Forex Daily Outlook - May 29th 2009
This week’s strong moves come to a peak today, with American Prelim GDP. There are lots of other figures out there. Let’s see what’s up:
Dollar Weakens as Stocks Recover
The Dollar weakened further against its major counterparts as Wall Street surged late in the session. Asian shares followed the moves, and were supported through out, as a Japanese report showed industrial production rise for the second consecuti
Currency News - Thursday, 28 May 2009
The Dollar rallied yesterday against most of its major counterparts after data suggesting the slowdown in the U.S. housing market has bottomed out gave support to the U.S. currency as a safe-haven.
Market Commentary - 28th May 2009
The dollar appears to be back on a firmer footing versus the euro, aided by a return to defensive assets following losses on Wall Street and the news thatMoody's rating agency reaffirmed its top rating for the US, citing the country's diverse a
Bring on the Inflation
"Markets are going to increasingly demand that there be some real green shoots" of an economic recovery, said Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New York.
Pick of the Day: USD/JPY - Trade Closed
Good morning! Last night, a report from Japan shows demand grew for overseas assets among Japanese investors, adding to the growing sentiment that the recession is abating.
USD/JPY Daily Commentary for May 28, 2009
The USD/JPY is making an encouraging move to the upside, running past our 1st tier downtrend line after Japan announced an asset deficit of roughly $6.61 billion.
Strong U.S. Data Extends Gains in USD/JPY
Stronger than expected U.S. data is adding to the downward pressure in the U.S. dollar. Durable goods rose 1.9 percent, the strongest rise since December 2007. This was an overwhelming good report with little underlying signs of weakness. The det
Dollar Rebound Done?
The euro rallied off its Asian session lows on the back of better than expected German unemployment data but was having a difficult time hanging on to its gains in early morning European trade as weakness in European equities kept a lid on any at
Germany Stops Losing Jobs - Will Euro Rally?
German unemployment data surprised to the upside by printing at only 1K versus estimates of 64Kshowing essentially that Europe largest economy lost no jobs in the month of May. The news was a massive shock to the market that was anticipating loss
Brazilian Real Continues Rise on Current Account Surplus
The Brazilian currency had the sharpest rise in seven days after the country’s first current account surplus in 19 months was posted this week, pushing the national equities market up.


