Archive for the 'greenback' Category

The Greenback’s Bearish Move is Back.

Thursday, June 19th, 2008

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 […]

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Will The Greenback Continue Its Bullish Path?

Monday, June 16th, 2008

The Greenback saw substantial growth last week versus a basket of it currency rivals, most notably against the Euro. The USD gained nearly 500 pips versus its cross-Atlantic counterpart, as the oft-traded EUR/USD pair saw its biggest rise in 3 years. Forex Investor confidence in the greenback grew as the week progressed as US officials […]

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Will the Greenback go Bearish Again?

Thursday, May 15th, 2008

Yesterday the greenback had a volatile trading session against its major currency rivals. It underwent contrasting trends vs. the EUR and the GBP and was bullish vs. the JPY. The main news from the US economy revolved around the Consumer Price Indices. The Consumer Price Index was released at 0.2%, a little bit lower than […]

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