Economic News   USD Yesterday the greenback showed off a bullish trend against its major currency rivals. It went through a bullish volatile session vs. the EUR, yet it lost strength against the GBP and the JPY. Even though the USD went through mixed trends yesterday, its main goal remained in tact as it kept a steady rate within the EUR\USD pair, trading around the 1.5645 range. The most significant unfavorable news for the USD came from Japan. The Japanese who hold 12% of U.S government

Economic News   USD Last Friday, the greenback kept up its sharp bullish momentum against most of its major rivals. The USD gained as a result of favorable economic data, which was released from the US during the last week, combined with disappointing indicators released from the Euro-zone. The USD added almost 1% to its value against the EUR, appreciating from Wednesday’s all-time low of 1.6017. The greenback also climbed to a 2 months’ high vs. the JPY when it closed trading at 104.80.

Economic News   USD  Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously dropped to 1.6019, the lowest level ever. The dollar gained after a weak printing of the European manufacturing activity suggested that economic growth in the Euro zone is starting to slow. European Economic data and official comments start

Economic News   USD The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers signaled they may raise Interest Rates due to inflation concerns. The USD extended its drop against the EUR following the low printing of the US Existing Home Sales in March. Falling house prices and rising mortgage risks continue to slow

Economic News   USD Last week we saw the return of significant volatility to the Forex market. Amidst fears of Recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became weary of the dollar. The last part of March heading into April saw the greenback swing up and down after a host of key events and interest rate cuts dictated its movement. Different to last week, was the concern voiced by top US officials about Recession, this was

Economic News   USD Yesterday, the Greenback spent most of the trading day with bullish momentum against a majority of its currency pairs and crosses. This despite a day of disappointment from US economic news. As the financial world awaited the results of the Federal Open Market Committee (FOMC) Meeting Minutes, the assumption amongst investors was that the summary of the news would be so bad for the US economic outlook, that the dollar would suffer big losses. Though the meeting minutes

Economic News   USD Yesterday’s trading session was characterized by low liquidity as US markets were closed due to the Easter holiday. The greenback was consolidating yesterday against most currencies and showed no distinct trending. The calm status changes later on the overnight trading session as the greenback started to gain all across the board in a quite aggressive manner probably due to speculation that the Fed will continue to ease interest rates in order to try and salvage the

Economic News   USD Yesterday, the greenback rose all across the board after that the Federal Open Market Committee (FOMC) voted to lower the US Interest rate by 75 pts to 2.25%. The Fed announcement, which returned below the expected 100 point cut, set the USD on a bullish run as it appreciated against most of the major traded currencies particularly the EUR/USD pair which dropped close to 150 pips. The FOMC decision came as a last hope to help the US economy and the greenback recover

Economic News      USD The greenback rose all across the board yesterday after the Fed announced new methods to inject liquidity into the financial markets. The US Federal Reserve, European Central Bank, Bank of England, Swiss National Bank and the Bank of Canada all announced provisions of additional liquidity in an attempt to once again shore up confidence in the money markets . The greenback drew comfort from this announcement because the Fed’s acceptance of mortgage-backed

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