Archive for March 15th, 2010

U.S. Dollar: How to Trade Fed Meeting

The U.S. dollar traded higher against every major currency ahead of the Federal Reserve’s monetary policy meeting. There are a few reasons why forex traders should be nervous today, but we believe that the rally in the U.S. dollar is a reflection of the market’s hope that the Fed will come through tomorrow by [ READ MORE ]

Will the FOMC be Hawkish Enough to Satisfy Dollar Bulls?

The U.S. labor market is improving, consumers are spending and the manufacturing sector is chugging along. With this backdrop, the Federal Reserve will decide tomorrow whether to recognize the improvements in the U.S. economy and signal additional plans to unwind emergency measures or to remain at status quo by keeping the FOMC statement virtually unchanged. [ READ MORE ]

Dollar Rallies as Traders Mull External Risks

A mild degree of risk aversion has settled into the forex markets this morning, pushing the U.S. dollar higher against all of the major currencies. [ READ MORE ]

Sterling Drops as Downgrade Warnings Weigh

A quiet night at the start of week’s trade with very little event risk on the economic calendar in both Asia and Europe and most high beta FX contained to very tight ranges, with the exception of sterling. Sterling tried to test the 1.5200 level in early London trade but failed miserably falling 100 [ READ MORE ]

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