currency trading

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 […]

Yesterday, the USD rallied against all the major counterparts. The EUR/USD dropped over 150 pips, descending below the 1.4900 level. The dollar experienced similar sessions vs. the GBP and the CHF as well.
The USD’s rally sent the EUR/USD pair to a 5.5 month low, as the pair breached the 1.4900 support level. The clearest reason […]

The USD underwent an impactful bullish trading session last week, as it appreciated versus all of its major currency rivals. The greenback saw significant bullishness towards the end of the week as the very significant and fragile Pending Home Sales that were expected to be released at a negative value, completely beat the forecasts and […]

Yesterday, the USD had a strong trading day supported by a bullish trend against its most rivaled currencies. The greenback’s positive momentum occurred thanks to yet another day of falling oil prices and renewed views in the market that the U.S. economy is showing some signs of recovery a day after the Federal Reserve maintained […]

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 […]