US economic data may have been broadly disappointing, but that didn’t prevent the US dollar from gaining across the majors as relative fundamentals continue to benefit the greenback. Indeed, the bulk of the dollar’s gains came during the European trading session, as the New York trading data proved to be… Read More …
| Tagged Fundamental Outlook
The dollar rose against most key currencies on Friday. US stocks had its biggest weekly gain since 1974 despite the largest US consumer-spending drop in four years and plunging Chicago PMI business sentiment. Federal Reserve Chairman Ben S. Bernanke said the market for mortgage-backed bonds will require some form of… Read More …
| Tagged Fundamental Outlook
The Euro-Dollar continued its retreat from its high this week near 1.33. After a strong rally during the middle of the week, the pair has retraced to the 61.8% level around 1.27. This week showed markets returning to some of their pre-credit crisis ways, though how things go next week… Read More …
| Tagged Fundamental Outlook
The dollar resurged in intraday trading posting strong gains against the majors as the risk aversion trend continues influence market movements. The EurUsd sunk 200 pips to the low range of 1.27, while the UsdJpy declined roughly 60 pips finding support at 98. The GbpUsd collapsed 360 pips to the… Read More …
| Tagged Fundamental Outlook
