currency trading

The USD underwent a bullish trading session yesterday, as it appreciated against all of its major currency rivals. The dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday’s trading session, even seeing prices dip under 1.45. Also, the USD saw gains against the GBP, as the GBP/USD pair hit a 2-1/2-year low […]

Yesterday the greenback saw rising trends against most of its major currency counterparts, including a 6 month record against the EUR, and a two year high against the GBP. However, equal concerns on downside risks to growth and upside risks to inflation are keeping dollar activity restrained in the aftermath of yesterday’s FOMC Minutes.
Two main […]

Intra-day gains in the dollar on a better-than-expected U.S. Existing Home Sales report tended to be short lived even though stabilization in the U.S. housing market is seen as critical to ending some of the concerns on the U.S. economy. The dollar finished yesterday’s trading session with mixed results versus the major currencies while staying […]

Last week was a volatile trading week for the U.S. dollar and overall it saw mixed results with gains against most counterparts besides the EUR. During last week, there was a slight loss against the EUR while a lot of bullishness was seen against the GBP in particular during the end of the market week. […]

Yesterday, the greenback saw bearish trends against its rival currencies, retreating from this week’s eight-month highs versus a basket of currencies. The greenback was greatly affected by an unexpectedly rise of Crude Oil prices and constant worries of the U.S. financial sector which tumbled the USD and set it on track for its worst one […]

Yesterday the EUR/USD pair experienced a highly volatility and finished trading session with mixed results versus its major rivals. The EUR/USD bounced up and down during most of the day, finally closing at 1.4773 level, unchanged from the day prior. Overall, it lost 0.2% vs. the EUR yesterday when it declined to $1.4773 from $1.4747. […]

Crude Oil prices are continuing to rise, as oil made its third consecutive day of bullish behavior. A barrel of oil is currently traded around $116.50, $3 above yesterday’s midday rate.
The U.S Crude Oil Inventories indicator has initially dropped oil prices down to $113 a barrel, as the publication of the indicator showed that prior […]

The greenback experienced a trading session of mixed results yesterday. Soon after the trading day began, the USD reached a 6 month record against the EUR as the pair fell to a rate of 1.4630. However, it was a straight or shall we say “strait” downfall for the USD ever since, as the cross rose […]

The greenback completed yesterday’s trading session with mostly bullish trends against its top currency crosses, besides vs. the JPY. The only economic data release that came out of the U.S. was the NAHB Housing Market Index that was released at the exact forecast and didn’t cause much volatility. The USD took advantage of the European […]

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 […]