Despite the chop through the second half of this past week, the Dow Jones FXCM Dollar Index (ticker = USDollar) closed out its first weekly advance in five. It also happened to be the greenback’s best performance (in a 2.6 percent rally) since the series of swells through October 2008. Read More Dollar Ignores Economic [...]
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The market’s favorite economic indicator was on deck Friday; but neither market participants nor the financial media were expecting much in the way of influence from the September NFPs. Read More European Downgrades Carry More Weight than NFPs for EURUSD Trend
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Though it was an extremely choppy performance, the dollar did well this past week. The greenback advanced against all its major counterparts with the exception of the British pound despite the lack of a tangible drive in underlying investor sentiment and the necessary liquidity demand that defines the fundamental appeal of an otherwise wayward currency. [...]
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The Dow Jones FXCM Dollar Index (Ticker: USDollar) advanced 0.25% as equities steadily declined into the close. A string of weaker than expected US data today up’s the ante for tomorrows crucial NFP report. Read More NFPs to Dictate US Dollar Price Action, Aussie Rally at Risk
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It was an unusual ending to an otherwise volatile week for the US dollar. After a slow recovery from the liquidity lull of the extended Independence Day holiday, momentum never really gained traction. Not only did the dollar struggle for direction, but underlying risk appetite trends were similarly left to drift. The market’s focus was [...]
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The dollar suffered its worst weekly performance in a month. What initially looked like a promising open to the period, quickly turned into a dramatic decline for the struggling greenback as the few fundamental compliments for the currency have failed to gain traction. Despite the potential indirect benefit the dollar could garner from uncertainty surrounding [...]
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The dollar suffered a sharp pullback this past week; and it seems that the fundamental drivers behind this effort were relatively week. This speaks to the general malaise of the greenback. In the week ahead – lined with US NFPs, GDP reports, rate decisions and other fundamental themes – we could very well see a [...]
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It was an appropriate way to end the week and month. The tattered US dollar slid to its lowest level on a trade-weighted basis since July 30th, 2008 – fully erasing the safe haven premium the currency had built up through the collapse of the housing crisis and the subsequent global financial crisis that followed. [...]
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In the week ahead, the dollar, euro and pound face the greatest event risk. With the BoE and ECB rate decisions and US NFPs on deck, will EURUSD and GBPUSD move onto the next leg of their bull trends? Read More GBPUSD and EURGBP Focus on ECB and BoE Rate Decisions, Tempered Expectations for NFPs
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Through the European trading session and into the early New York hours, it seemed as if the dollar was on pace to finally produce the meaningful bullish breakout that would feed into an overdue reversal. All the pieces were falling into place for the greenback itself. With unusual risk-based pairs like USDJPY and USDCHF already [...]
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