Crude Oil

Last week was a very good week for the US dollar as it continued its appreciation for the fourth straight week. During the previous week, the most notable gain came against its European counterpart as the oft-traded EUR/USD lost 360 pips by weeks end and close at 1.4675. In addition, the USD posed quite a […]

The USD continued it recent ascent yesterday versus most of the major currencies. The dollar reached a five and a half month high of 1.4776 against the Euro. A stronger than expected rise in Core CPI was a main catalyst in yesterday’s bullishness as it rose 0.3% in the month of June. CPI also came […]

The USD completed yesterday’s trading session with mixed results versus its major rival currencies. During the first half of the day, the U.S. dollar eased versus the euro and the yen after government reports showed that Retail Sales fell 0.1% in July, below the 0.5% expected by analysts. The greenback retreated from earlier gains after […]

The USD underwent a bullish trading session last week, as it appreciated versus all of its major currency rivals. The greenback saw significant bullishness on Tuesday and Wednesday as the Consumer Confidence Index beat our forecasts and the ADP Nonfarm Employment Change which was expected to be a low negative figure, turned out positive at […]

Yesterday was a day of falling trends for the greenback. The USD lost close to 100 pips against the EUR, establishing the EUR\USD around 1.5920. The USD experienced a similar scenario against the GBP as the pair rose from 1.9940 up to 2.0040.
As no significant U.S data was published since the beginning of the trading […]

When glancing back at a weekly chart several months from now, one will look at the change in the market last week and consider it a normal one. The greenback ended the trading week last week virtually unchanged against its major rivals from the levels it began the week with. A closer look […]

The USD had a strong trading day against its currency crosses yesterday. The USD’s rally was supported by a batch of better than forecasted economic releases and a hawkish speech by Fed Chairman, Bernake. The USD also took advantage of the falling Crude Oil prices which traded at around $134 a barrel yesterday. After trading […]

The USD completed yesterday’s trading session with mixed results versus the major currencies. The news of the first half of the day surrounded the oft traded EUR/USD pair which hit record highs and peaked at 1.6035 before correcting back to just a bit less than 1.60. The USD slowly strengthened throughout the day, right […]

During the previous week the greenback underwent a volatile session against its major currency rivals, which ended with a sharp bearish momentum.
The USD began last week with some unfavorable news, as the Pending Home Sales index fell by 4.7% in May. However, a batch of subsequently positive data contributed to the Dollar’s volatility. The U.S […]

The Dollar lost versus all of the major currencies yesterday. The USD lost 62 points against the EUR and closed at 1.5742. Traders should also note that the USD lost 148 points vs. the GBP, ultimately closing 1.9834. Yesterday only one indicator came to light, which did not have a clear effect […]