Friday, June 18, 2010
The U.S. Dollar traded down against all major currencies, driven lower by increased demand for higher risk assets. Risk appetite was strong this morning following the news that last night’s Spanish Bond auction overnight was oversubscribed, easing tensions about renewed sovereign debt issues in the Euro Zone.
This morning’s good news erased worries [...]

Thursday, June 17, 2010
The U.S. Dollar edged slightly higher against most major currencies on Wednesday as investors pared positions in higher risk currencies on economic worries and Spain concerns.
Overnight it was reported that the International Monetary Fund, the European Union and the U.S. Treasury were establishing a line of credit for Spain. This news raised [...]

Wednesday, June 16, 2010
The Euro continued to rally on Tuesday as short-traders covered positions on the assumption that the Euro Zone economy may be stabilizing and the risk of a collapse in the currency is abating.
Investor confidence in the global economic recovery continued to improve during today’s trading session leading to an increase in risk-based [...]

Tuesday, June 15, 2010
The Euro surged early in the session on Monday as upbeat feelings about the global recovery helped drive up demand for higher risk assets. Today’s strong rally was a continuation of last week’s bottoming action which was triggered by positive comments from Fed Chairman Ben Bernanke and European Central Bank President Jean [...]

Monday, June 14, 2010
The U.S. Dollar traded higher against most major currencies on Friday, but lower for the week. Technically, the Dollar Index posted a weekly closing price reversal top which could lead to the start of a 2 to 3 week break if confirmed next week. The Dollar Index chart indicates there is room [...]

Friday, June 11, 2010
European Central Bank President Jean Claude Trichet fueled a surge in the Euro late this morning by stating that the ECB would maintain its liquidity measures but not increase or add any. Investors liked this news because it indicted that the central bank feels confident in the economy. The Euro rallied on [...]

Thursday, June 10, 2010
Dollar rose against the Euro late in the trading session after the release of the Fed’s Beige Book. The business survey showed subdued U.S. economic growth which led speculators to believe that the Fed won’t be raising interest rates soon despite what investors had earlier interpreted from Chairman Bernanke’s comments.
Some traders also [...]

Wednesday, June 9, 2010
The U.S. Dollar finished down against most major currencies on Tuesday as appetite for risk shifted toward higher yielding assets. The Greenback closed lower against the commodity-linked currencies while posting a strong gain versus the British Pound.
The Euro seemed to stabilize after the European Union took steps to prevent sovereign debt issues [...]

Tuesday, June 8, 2010
A late session plunge in U.S. equity markets helped the U.S. Dollar surge into the close as traders sought shelter in the safe haven greenback and sold off higher risk assets and higher yielding currencies.
The U.S. Dollar was trading mixed against most major currencies after trading sharply higher during a volatile overnight [...]

Friday, June 4, 2010
Thin trading conditions ahead of the U.S. Non-Farm Payrolls Report on Friday and less than stellar economic news from the Euro Zone helped to weaken the Euro on Thursday. The lack of fresh news from the Euro Zone regarding debt issues is encouraging investors to return their focus to the basic fundamentals.
Early [...]

Thursday, June 3,2010
The USD JPY soared on Wednesday, buoyed by greater demand for risky assets and on speculation that the next prime minister will favor a weaker currency.
The Japanese Yen began to weaken overnight following the resignation of Japanese Prime Minister Yukio Hatoyama. Traders are worried that the economy will weaken further during the election [...]