Dollar surges as week, month and quarter come to an end

The US dollar certainly enjoys the adjustments made towards the end of the week, month and quarter. The late Friday sessions are always choppier as traders scramble to close positions, and this one is even stronger, as also we turn the page also on the month, quarter and the...

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AUD/USD breaks down to new multi-year low on month end madness

The recovery is over for the Aussie dollar: AUD/USD plunged to a new 33 month low of 0.9133 as the week, month and quarter come to an end. Where to next? The 0.90 line is not that far. With all the bearish forecasts on the Aussie dollar, on China and on the global economy,...

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Canadian GDP Rises 0.1% as expected

Canada’s GDP grew by 0.1%, within expectations. This was the release for the month of April – the first report  for Q1 2013. Canada is apparently growing slowly like the US is. USD/CAD traded just under 1.05 before the publication and is now sliding a bit lower below...

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EUR/USD June 28 – Steady as German Retail Sales Shines

EUR/USD is trading in the mid-1.30 range on Friday. In economic releases, German Retail Sales and French Consumer Spending easily beat their estimates. However, French PPI was well below expectations. US releases continue to be positive, as Unemployment Claims...

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U.S stocks drop on June rebalance, Fed comments; Dow dips 0.76%

U.S. stocks ended largely lower Friday due to a June rebalancing of the Russell Index and to mixed signals from Federal Reserve officials suggested that stimulus programs may stay in place for now but end later this year. At the close of U.S. trading, the Dow Jones Industrial...

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Forex - Dollar gains on Fed comments, consumer sentiment data

Rising U.S. consumer sentiment data and comments from a Federal Reserve governor suggesting monetary stimulus tools may taper in September sent the dollar strengthening against most of its counterparts Friday. Monetary stimulus tools such as the Fed's monthly USD85 billion...

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Forex - USD/JPY gains on Fed comments, U.S. consumer sentiment data

The dollar traded higher against the yen on Friday despite a slew of Japanese economic indicators that beat expectations. Hawkish comments from a Federal Reserve governor and rising U.S. consumer sentiment data bolstered the dollar's appeal by supporting expectations for...

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Crude oil gains on rising U.S. consumer sentiment

Crude prices rose in rather subdued trading on Friday, buoyed by rising consumer sentiment numbers in the U.S., which reflected an improving economy that will demand more fuels and energy going forward. Comments from a Federal Reserve governor suggesting an end to monetary...

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Forex Trading Signal for 28th June 2013

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Dollar remains broadly higher after U.S. data

The U.S. dollar remained broadly higher against the other major currencies on Friday, as the release of globally positive U.S. data added to expectations for the Federal Reserve to scale back its bond-buying program before the year end.  During U.S. morning trade, the...

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Forex - Pound hits 3-week lows against broadly stronger dollar

The pound dropped to three-week lows against the U.S. dollar on Friday, as U.S. economic reports sent the greenback broadly higher, while concerns over the outlook for growth in the U.K. persisted.  GBP/USD hit 1.5188 during U.S. morning trade, the pair's lowest...

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Forex - EUR/USD erases gains after U.S. data

The euro erased gains against the U.S. dollar on Friday, as fresh expectations for the Federal Reserve to soon begin to taper its stimulus program supported demand for the greenback following the release of U.S. data.  EUR/USD pulled away from 1.3103, the pair's...

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