currency

The past week has proven that the greenback is consolidating at its current levels against the major currencies. However, the USD is constantly attempting to break through these current levels and it appears that a bullish breach seems far more likely than a bearish one.
Last week was filled with negative data from the U.S economy. […]

Yesterday, the Dollar gained as investors withdrew from emerging-market assets to the safety of U.S. government debt, in what is set to be the worst financial crisis since the Great Depression. However, while the greenback has appreciated against high-yield currencies, it fell against the Yen. Yesterday’s U.S. jobless data intensified concerns and signaled more trouble […]

It has been about 4 months since the USD began appreciating with no apparent stops, and several of our traders are finding themselves a bit confused in light of these radical changes.
Let’s try to understand what the main reasons are for this turn of events, and also a special bonus – how you can predict […]

The USD experimented with a choppy trading session against its main currencies rivals yesterday, amid a slide on worldwide stocks. The market fluctuations were conditioned by a fall on Wall Street, which saw stocks plunge to their lowest levels since 2003. There was also a fall in shares in the auto industry threatening bankruptcy in […]

The USD continues to trade between 1.2500-1.2800 against the EUR, and the pair seems to be moving without direction in anticipation of the next big event to hit the news. As long as the 1.3000 level stays untouched, there is a good chance that the pair may move lower again in the coming days. Risk […]

Following a day of trading that was uninspired by the weekend’s G20 meeting, the Dollar was relatively unmoved against the EUR, though traded in a wide range throughout the day. The Dollar lost ground vs. the JPY, despite the fact that Japanese economy posted recessionary economic data. During late U.S. sessions yesterday, the EUR/USD traded […]

Yesterday the GBP/USD suffered sharp losses and hit its lowest level in 6 years. The Cable lost 3.7% to end the day at $1.4893. The British Pound has been badly hurt the past five months from an economy that is operating in a recession and sharp cuts in Interest Rates by the Bank of England […]

The USD saw a bullish trading session versus most of its major currency crosses yesterday. The USD took advantage of the falling Crude Oil Prices, which reached a 20-month low, and some bearishness by its counterpart currencies. Against the EUR, the USD reached its highest value in more than a week as the pair traded […]

Big moves were seen in the Dollar yesterday due to better then expected U.S. GDP numbers. The USD gained more then 370 pips against the EUR as GDP dropped the largest percentage in 7 years. GDP contracted -0.3% in the 3rd quarter. The drop was largely contributed to U.S. consumers who cut back in spending. […]

Simulative government policies are being played out in the market as the USD rose to its highest level against the EUR since February of last year. At the same time poor sentiment is also being thrown into the market as the Federal Reserve announced a new $540 billion lending facility for ailing banks to shore […]