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The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after Wednesday morning’s as-expected new homes sales report. Despite consistent strength in the greenback each day this week, the world’s reserve currency is still down from its pre-Fed levels of last week, so it’s difficult to draw any conclusions about the sustainability of the current move, especially due to the lower liquidity pre-holiday conditions.…
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An important day ahead
After a calm trading session, we´re about to see a lot of important data tomorrow. It will all start at 11:30 with British monthly retail sales and it offers a first opportunity of the week to make a strong, fundamental trade. After that, at 2:30 pm, it is likely that we will see a decisive movement in USD pairs after US data releases, which could end the ambiguity of the direction USD pairs are headed in now.
Also, there´s a good chance that whatever the direction USD will move toorrow, it will…
Also, there´s a good chance that whatever the direction USD will move toorrow, it will…
Sideways trading pattern in all currencies
Today, we experienced a very calm, yet extraordinarily unpredictable session. The dollar seems to have gained a lot of strength against a couple of major currencies.
It is, however, still true that, thanks to contradictory European data, the currency market is extremely unpredictable, with very little information to act on. This will probably continue till Wednesday, as te only important data release which could affect the dollar is Crude oil inventories. That is certainly worthwhile.
Trader´s…
It is, however, still true that, thanks to contradictory European data, the currency market is extremely unpredictable, with very little information to act on. This will probably continue till Wednesday, as te only important data release which could affect the dollar is Crude oil inventories. That is certainly worthwhile.
Trader´s…
A calm day ahead
Today, we don´t expect any major movements in the currency market. The only indicator that could push USD a little higher is Existing Home Sales, which is, however, predicted to be bit lower than the last time it was released. As the FEDs policy decision had been absorbed already, a sideways price pattern on all USD currency pairs is likely, at least until tomorrow, when we can expect some movement in AUD, as RBA Governor is speaking. Tuesday is also going to bring us important European data rel…
Volatility decreases, USD gradually consolidates
As the dollar absorbed the effect of FED´s policy decision, it continued to strengthen against all major currencies today. This couldn´t even be stopped by Prelim UoM Consumer Sentiment announcement, which was significantly worse than expected. At this stage, currency market seems to have absorbed all the important fundaments and it another major price movement in all major currencies is unlikely until Tuesday.
Source: investing.com
Then, important data will be released, likely having impact…
Source: investing.com
Then, important data will be released, likely having impact…
Greenback stays at 5 month lows despite strong US data
The dollar continued depreciating on Thursday, falling almost % all the other major currecncies. Interestingly, this happened despite positive US Uneployment data, where Unemployment Claimes fell by 2K, making it clear that FED´s policy decision is still having a huge impact on curecny market.
Philly Fed Manufacturing Index also ended up beating the consensus, at 12.4 points. As both those data releases are rather important, a correction in the price of USD is likely in the next couple of days,…
Philly Fed Manufacturing Index also ended up beating the consensus, at 12.4 points. As both those data releases are rather important, a correction in the price of USD is likely in the next couple of days,…