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Forex - Dollar rose broadly against majors on surprising data and lower expectations for ECB rate increase

The Dollar rose broadly and hit a 5-1/2-month high against a basket of currencies on Thursday, bolstered by a surprise rise in June Home sales and diminished expectations for euro zone interest rate increases. European Central Bank President Jean-Claude Trichet, in remarks after the bank held rates at 4.25%, said he expects economic growth in the e

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Forex - Dollar fell after Friday data on lower chances for a rate hike

The Dollar fell on Friday as US consumer confidence raised concerns about an economic contraction in the second quarter and trimmed the chances the Federal Reserve will raise interest rates this year. The unexpectedly sharp drop in a consumer sentiment index to a 28-year low in May eclipsed a report showing a rebound in building permits and constru

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Forex - Market is looking for direction with lower Crude Oil and better US data

Last week upbeat readings on US durable goods orders, new home sales and consumer sentiment released buoyed the Dollar by lifting some of the gloom over the US economy. The ongoing slide in crude oil prices is also supporting the greenback.FX market is eyeing the direction of crude oil prices and US non-farms payrolls data, which is due on Friday.

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Forex - Crude Rises on hurricane fears in the US, Dollar rises after yesterdays data-led correction

US Housing starts initiated a Dollar correction against majors yesterday, while hurricane fears in the U.S pushed Crude higher. Gold rose above $810/o.z on both strong demand and dollar slump. Today's trading to be influenced by continued dollar strength and news from Canada on retail sales and leading indicators. View the full article

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Forex - Yen rose across majors as investors reduced demand for riskier assets after a series of weak US data

The Yen rose across the board on Thursday as investors reduced demand for riskier assets such as stocks after a series of weak US economic data added to anxiety over the country's growth picture. The low-yielding yen tends to attract flows during periods of uncertainty as the low interest rates reflect Japan's capital surplus. Analysts also

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Euro Weighed Down by Data and Negative Sentiment

Weaker global equities and softer European data are once again weighing down the euro against the U.S. dollar on Wednesday morning.EUR/USD is showing some signs of modest recovery ahead of the North American open. However, the cross remains near the bottom of the channel, trading in the mid-1.32 USD level.In overnight trading, negative sentiment dragged the euro to a weekly low at 1.3148 USD, which strategists from Brown Brothers Harriman say is below the 100 day-moving average.

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Eurusd Intraday Buy/sell Signals And Forex Funds Management - Thur 26feb09

EURUSD Intraday Buy/Sell Signals and Forex Funds Management - Thur 26Feb09 Week SummaryEURUSD continues to range within its 4 hourly range of 1.2451 - 1.2939, finding supportat its 50% fib (1.2695). The 4 hourly trend is up, so we can now expect a move up toward 1.2817, and then 1.2939. A move below 1.2634 will change our directional basis on the 4 hourly chartsThe 15min charts are ranging between 1.2695 - 1.2817, this could break up higher. The immediate trend

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Forex: USD/JPY: Dollar bounces at 95.45 and reaches 96.00

FXstreet.com (Barcelona) - The Dollar has bounced up from 95.45 intra-day low reaching levels right above 96.00. at the moment , the Dollar is struggling with the hourly 20 SMA at 95.95.According to Tim Salem, collaborator at FXstreet.com, the hourly 20 SMA is a key level on the upside: Accumulation for the 95.50 Area to 95.80?s sees Upside potential for a Breach of the Hourly 20SMA, as RSI Reading and Slope call for slight Divergent Directionality in the Immediate-Term.

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Forex: EUR/USD falls to test 1.3230 on US GBP data

Fxstreet.com (Barcelona) - Euro has fallen around 50 pips against Dollar after the US GDP 1Q data, from 1.3270, ahead data releases, to 1.3223. Currently the pair is trading around 1.3225/35 after rising 0.75% so far today from opening price at 1.3130.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP price index rises 2.9%

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