Crude Oil

The USD appreciated against all of the major currencies during yesterday’s trading session. The US Dollar gained over 160 points versus the EUR and closed at a rate of 1.5702. This happened in spite of the mostly disappointing results for the economy. . The Unemployment Rate was higher than forecasted at 5.5%. The Average Hourly […]

The USD saw bullish momentum against its major currency rivals yesterday. The greenback saw positive trends throughout the trading day as the Chicago PMI rose and beat forecasts and even more importantly, the Crude Oil lost some grounds and was traded at around $140 a barrel. The USD was on a bearish trend last week […]

The US Dollar experienced a bearish session trading last week, due largely to rising oil prices and the hesitancy of the Federal Reserve to hike interest rates to battle inflationary scares in the US. Investors came into last week with the assumption that the US would beat the Euro-Zone to the punch and hike […]

The Greenback saw yesterday a bearish trend versus the major currencies. When the Fed failed to convince that it would lift the interest rate before the end of the Year and despite a revised GDP that showed a slight improvement in the economy, which provided data that the country may have avoided a recession.
When keeping […]

Yesterday, traders who went long on the USD saw some significant profits. The greenback gained 142 pips against the EUR, reaching the low of 1.5468 during yesterday’s trading session. The GBP\USD depreciated from 1.9755, down to 1.9594. The USD\JPY ascended from 107.25, up to 108.00.
Even though the USD was absent from the economic calendar yesterday, […]

The USD saw a significant swing in momentum last week as it saw losses versus most of its currency rivals. The dollar was affected in large part due to the rekindling of economic worries in the US that has put the potential Federal Reserve (Fed) rate hike in jeopardy. Fed Chairman Ben Bernanke and his […]

Yesterday, the USD lost grounds against most of its rival currencies but remained within its recent range. The recent USD weakness has been caused by some traders’ renewed expectations for higher U.S. interest rates after contradictory U.S. economic data. The greenback continues with bearish momentum following Tuesday’s losses, which resulted by the Housing Starts’ plunge […]

The greenback had a tough trading session last week, which was capped off by a huge bearish slip on Friday. Sparked by a batch of mediocre US data and positive EUR news, the USD saw losses throughout the week that saw a return to exchange rates it had during the height of the credit crisis, […]

A batch of disappointing economic data left the greenback in bearish territory on Friday to end what had been a positive week for the USD. Amidst an already shaky US economic outlook, personal consumer spending indices showed a slowdown in April as both income and spending numbers came in at 0.2%. The drop in consumption […]

Yesterday, the greenback saw bullish trends against most of its major counterparts following positive economic news from the U.S. The EUR\USD was traded as low as 1.5620. The USD was also bullish against the rest of the major currencies. The greenback’s daily momentum was driven by the better than forecasted Core Durable Goods Orders and […]