» U.S. Dollar Forex Trading Strategy

U.S. Dollar Forex Trading Strategy

Currency trading with the greenbackThe U.S. dollar forex trading strategy should keep in mind that the currency may see some more luck. Even though the pound and the euro are a little steadier now against the U.S. dollar in forex trading, the fact is that there was quite a loss by both currencies yesterday.

One of the reasons that currency trading has been favoring the greenback lately is that optimism keeps cropping up that the U.S. economy is on the upswing, while other world economies continue to falter a bit.

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This entry was posted on Friday, September 5th, 2008 at 14:59 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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U.S. Dollar Forex Trading Strategy

Fed rate to remain on holdU.S. dollar forex trading strategy should consider that the Fed is likely to keep the rate on hold for now. Indeed, while this move may help the greenback some in currency trading, many traders are a little dismayed with disagreement among members of the committee.

FX Street reports on what members of the Fed do agree on:

Disagreement among the members continues to be very evident. That said, the general view appeared to be that growth risks increased over the intermeeting period, as financial conditions deteriorated and signs became evident that consumer spending and export demand was slowing amid a continued weakening of the labour market.

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This entry was posted on Wednesday, August 27th, 2008 at 14:57 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

Currency trading with the greenbackUS dollar forex trading strategy should consider how vulnerable things are right now in the US economy. On Friday, the jobs report was rather negative, and oil prices continue to trend higher.

Both of these things are weighing on the US economy, and that means that currency trading with the greenback should be careful and consider shorting. FX Street reports on US dollar forex trading strategy for today:

Market returns on 1.5800 high late Friday. This is the confirmation Euro is breaking up 1.5400-1.5800 consolidation range. It is reopening the way up to 1.6000 Pivot point resistance ahead of key resistance 1.6200 market target. On downside, a return below 1.5800 might slowdown the uptrend but not open the way down to 1.5000 psychological key level. Support holds 1.5573 Friday low. Initial resistance holds 1.5819 May 27th high.

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This entry was posted on Monday, June 9th, 2008 at 14:44 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

The greenback and currency tradingUS dollar forex trading strategy should consider that the credit crisis may not be over yet. Even though some officials are trying to boost the performance of the greenback in currency trading with monetary policy, it has been slow going.

One of the items keeping things difficult for the US dollar in forex trading is the fact that ever-increasing oil prices are putting downward pressure on the currency. Both the Canadian dollar and the euro are making headway against the US dollar in forex trading.

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This entry was posted on Wednesday, May 21st, 2008 at 14:49 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

Currency trading with the greenbackUS dollar forex trading strategy should consider that the Fed made a statement that could indicate a pause in interest rate cuts — at least for a while. Bloomberg reports on the Fed’s statement:

“The Fed’s statement erred on the hawkish side and showed an inclination to pause in cutting rates,” said Kamal Sharma, a currency strategist in London at JPMorgan Chase & Co.


The Fed, however, did not rule out more rate cuts, however, and said that a wait and see approach would be used. All of this will affect currency trading with the greenback down the road.

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This entry was posted on Thursday, May 1st, 2008 at 14:44 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

Greenback and currency tradingUS dollar forex trading strategy should take into account the fact that some thing the worst of the credit market crisis is over. The greenback is up in currency trading on the FX market, and it might make further gains.

Worries over the banking sector are plaguing Europe, as are economic data coming out of Germany. And, with the economic data improving a bit in the US, the Federal Reserve may end its policy of interest rate cuts, a move that would further support the US dollar in forex trading.

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This entry was posted on Thursday, April 24th, 2008 at 14:53 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

Currency trading with the greenbackMuch of the strength the US dollar gained ahead of the Easter holiday is begin to sap away in forex trading on the currency market. Currency trading with the greenback should consider that the US dollar weakness is beginning to return. Reuters reports on information that could help your US dollar forex trading strategy:

"Essentially what we now know is that the market is in a range of $1.50-1.60. We’re still in an environment of dollar weakness and if we’re looking for a turn in the dollar we still don’t have all the ingredients in place just yet," said Mansoor Mohi-uddin, chief currency strategist at UBS in Zurich.

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This entry was posted on Tuesday, March 25th, 2008 at 13:44 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “US Dollar Forex Trading Strategy”

  1. jide Says:

    I think the way dollar is heading we might not see the end, even at 1.60, becos it will still rally lower ,before ending back to it support.

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US Dollar Forex Trading Strategy

Short-term support won’t last long for greenback in currency tradingUS dollar forex trading strategy should consider that it is getting some support against Asian currencies, especially emerging markets. However, most of this greenback support in currency trading on the FX market is likely only to be short-term. Forbes reports that US dollar forex trading strategy should change for the medium term:

Ashley Davies, currency strategist at UBS, said the reports will provide the dollar with some short-term support due to the rise in bond yields and drop in concern about the banking sector. However, he said even if the measures do come to fruition they are unlikely to prevent the US currency continuing to depreciate in the medium term.

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This entry was posted on Tuesday, March 11th, 2008 at 13:32 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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US Dollar Forex Trading Strategy

Currency trading on the FX marketUS dollar forex trading strategy should consider that while profit taking is helping the greenback today in currency trading, it is not expected to help long-term. The profit taking is the result of Friday’s dollar sell-off, and the greenback is expected to remain weak in currency trading. Reuters reports on the US dollar forex trading strategy:

But in the medium term, she added, the dollar should remain on the defensive after Friday’s weak data and expectations for more weak releases this week as well as the likely dovish tone of the Fed minutes on Wednesday.

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Source : GFT Forex

This entry was posted on Monday, February 18th, 2008 at 14:20 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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U.S. Dollar Forex Trading Strategy

Economic stimulus plan could mean continued dollar weaknessNormally an expanding economy is good news for a currency. However, U.S. dollar forex trading strategy should consider that currency economic stimulus plan efforts could actually result in further dollar weakness, mainly due to interest rate cuts. And the fact that rather than expanding, the U.S. working just to avoid a recession. Forbes reports on information that can help with U.S. dollar forex trading strategy:

But the state of the economy also means that traders are expecting the U.S. Federal Reserve to continue slashing interest rates. It is a move that can stimulate the economy, but at the same time weaken the dollar as traders transfer funds to countries where they can earn higher returns.

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Source : GFT Forex

This entry was posted on Friday, January 25th, 2008 at 14:31 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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U.S. Dollar Forex Trading Strategy

Currency trading with the greenbackU.S. dollar forex trading strategy should consider that even with the current small boost to the dollar, weakness is still expected in the long term. In currency trading, the greenback has managed to pare some of its losses due to Friday’s jobs data. However, concerns about the U.S. economy are still likely to cause dollar weakness problems on the FX market. Reuters reports on dollar weakness ahead:

"The mild U.S. dollar resilience notwithstanding overnight, we judge that the lacklustre tone to the U.S. data is likely to weigh on the U.S. dollar," Societe Generale said in a research note, recommending long bets in euro/dollar.

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Source : GFT Forex

This entry was posted on Monday, January 7th, 2008 at 15:06 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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