Post Tagged with: "greenback"
No Green Shoots for the Greenback
The US dollar gives in to pressure and falls across the board – with serious breakouts, including in EUR/USD. This time it isn’t only risk aversion: also the Japanese Yen falls, and the correlation between the two safe haven currencies is broken. US Dollar index is in the lowest levels in a year. Only the
AUD/USD Trading in a Perfect Range
The Aussie is trading in quite a fix range. Too conflicting forces keep it between the technical barriers. Taking a midweek view, AUD/USD continues to be a very predictable pair. The Aussie The Australian economy never dipped into recession. It had only one quarter of contraction in a very bad period for the world. Today’s
FOMC Statement Strengthens Dollar – Hurts Yen Crosses
The FOMC Statement talked about a small recovery in the American economy. While the interest rate rate stayed unchanged, the Federal Reserve’s words about slowing the pace of buying treasuries sent the dollar shooting upwards. Note the tumbling Yen crosses that were highlighted here in Forex Crunch. As expected, the Federal Open Markets Committee concluded
Forex Daily Outlook – August 5th 2009
The market finally “exploded” this week, with the dollar losing ground across the board. Today features the ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, important releases from Britain and more. Let’s see what’s up. Will the greenback continue to retreat? After the interest rate stayed unchanged, AUD/USD will move today by the Trade Balance. It’s
Risk Appetite Rules
The first significant figure was released – and it was too good to be true. CB Consumer Confidence was excellent – but the dollar lost it’s early gains. After the North Korean risk aversion reaction – risk appetite is back in the game. Consumer Confidence, supplied by the Conference Board, was much better than expected.
Pound at New Ground – What’s Next?
GBP/USD broke a few resistance lines on the way up. It seems like the sky is the limit, but will it take a break? Nationwide HPI and CB Realized Sales are some of the key events for the Pound. Let’s see how this week unfold, and what technical levels await cable. GBP/USD had a rollercoaster week,