USD

The USD surprisingly underwent a bullish trading session yesterday as it appreciated against all of its major currency rivals. Earlier in the day, the greenback reached session highs against the EUR after negative Euro-Zone manufacturing data focused attention on weakness in the Euro-Zone. At the end of yesterday’s session the USD closed at 1.4644 versus […]

Last week, the USD went through a bullish trend against most of its currency counterparts. The greenback gained around 400 pips versus the EUR, trading at under 1.43 on Friday. The USD also saw big gains against the GBP and CHF. The USD did experience some bearishness against the JPY towards the end of the […]

The USD saw a bullish trading session versus all of its major currency crosses yesterday. The USD took advantage of the falling Crude Oil Prices that reached a four month low and some bearishness by its counterpart currencies. Against the EUR, the USD reached its highest value in more than half a year as the […]

The greenback saw mixed results versus its rival counterparts during yesterday’s trading session. The USD initially retreated from recent highs against a basket of rival currencies caused mainly by a rise in Oil prices, as well as another round of concerns over the U.S. healthcare and banking system. The USD pared losses after a report […]

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 […]

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 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 […]

The USD saw bearish trends against its crosses yesterday. The bad trading day was highlighted by the EUR/USD pair’s breach above the 1.55 level. The USD was affected the most by the report released by Goldman Sachs (a leading global investment baking group) on the broader banking industry. The report estimated that credit losses from […]

Yesterday, the greenback lost its newly acquired bullish momentum and returned to the 1.54 range against the EUR. Unemployment claims in the U.S. this month beat out the forecast of 370K and were measured at 365K, 18K less than March. The USD was on a bearish momentum against most of its currency rivals throughout the […]

Yesterday, The USD briefly extended its decline vs. the EUR for the first time in three days after Oil prices hit a record high at more than $120 a barrel. High commodity prices are only exacerbating an already weak economic backdrop, sparking debate over the strength of the U.S. economy.
Also yesterday, the ISM Non-Manufacturing Composite […]