Posts Tagged ‘ U.S. ’

EUR/USD Extends Rally with Slowdown of U.S. Economic Growth

EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it… [ READ MORE ]

EUR/USD Moves Up and Down Today, Remains at Opening Level

The euro went down today at the start of the trading session against the dollar after industrial production in Europe expanded less than expected and Spanish financial institutions borrowed record amount from the European Central Bank. Unfavorable reports from the U.S. pushed the dollar down later. While concern about the state of European… [ READ MORE ]

Dollar: Expect Slow Grind Lower after US Data

For the second month in a row, U.S. consumers cut back spending as the government led recovery slows. The U.S. economy has come a long way since entering into recession in December 2007 but the path to the exit has been long and exhausting. [ READ MORE ]

EUR: How Much Further Can It Rise?

The big story in the forex market today was the relentless rally in the euro. After rising more than 200 pips, the EUR/USD ended the NY trading session at a fresh 2 month high. Bad news out of the U.S. and good news from Europe sparked a rally that attracted bottom fishers who probably wanted [ READ MORE ]

Dollar Poised for Further Losses After US Data

Forex traders have continued to dump the dollar after the first set of U.S. economic reports showed additional weakness in the U.S. economy. [ READ MORE ]

EUR/USD Goes Up as Focus of Concerns Shift from E.U. to U.S.

EUR/USD currency pair went up, following two days of losses, after Greece auctioned its debt, despite it fell at the star of trading session as Moody’s Investor Service has cut Portugal’s credit rating. Widening U.S. trade balance deficit hadn’t helped the dollar to outperform the euro. EUR/USD trades… [ READ MORE ]

Forex: 5 Things to Watch this Week

The lack of U.S. data this morning has made for a quiet North American open that has the dollar unchanged or stronger against most of the major currencies. China reported very strong export figures on Saturday but the thi [ READ MORE ]

USD: Risk On!

The powerful rally in the U.S. equity market lifted most of the major currencies well into positive territory. The strongest gains were seen in the euro and British pound as the stability in the financial markets reduce concerns about balance sheet problems in Europe. Earnings are a big focus this week and so [ READ MORE ]

US and Canada Trade Show Strength Beneath Headlines

Strong earnings from Alcoa, a sufficient bond auction for Greece and weaker trade numbers from the U.S. and Canada have basically left currencies not far from yesterday’s levels. [ READ MORE ]

US Dollar Paradigm Shift

Since the inception of the financial crisis, the Dollar has been treated as a safe haven currency. Simply, when there was a surge in the level of risk-aversion, the Dollar rose proportionally. When risk aversion gave way to risk appetite, the Dollar fell. It was as simple as that. Lately, this notion has manifested itself in [ READ MORE ]

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