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The US dollar traded higher against all of the major currencies on the back of risk aversion and comments from Federal Reserve Chairman Jay Powell yesterday. While his outlook was very cautious,...
This morning the UK released a series of economic updates that, in the aggregate given the global financial carnage being generated by the coronavirus pandemic, surprised to the upside. That doesn't...
The US dollar kicked off the new trading week stronger against all of the major currencies. Friday’s Nonfarm Payrolls report showed massive job losses in the month of April but these ugly...
Canada's dollar is considered a petrocurrency. That's because oil is one of the North American nation's top five most valuable exports, so it makes sense that its capital would be affected by both the...
Tomorrow’s U.S. non-farm payrolls report is expected to be the worst ever. Economists believe that more than 21 million jobs were lost in the month of April, which would drive the unemployment...
As we close in on Friday’s non-farm payrolls report, investors are growing nervous. Stocks ended the day in negative territory after rallying more than 100 points. The U.S. dollar...
This is a busy week for the forex market, and the opportunities begin on Tuesday with the Reserve Bank of Australia’s monetary policy announcement and the United States’ non-manufacturing...
The first day in May kicked off with losses for currencies and equities. The Dow Jones Industrial Average tumbled more than 600 points, while the Australian and New Zealand dollars dropped...
The prospect of a treatment for coronavirus along with talk of more stimulus by the Federal Reserve sent equities and currencies sharply higher. The Dow Jones Industrial Average jumped more than...
The U.S. dollar traded sharply lower ahead of Wednesday’s first-quarter GDP report and Federal Reserve monetary policy announcement. Consumer confidence also fell to its weakest level in four...
This is a big week for the U.S. dollar and euro. There are monetary policy meetings by Federal Reserve and the European Central Bank along with first-quarter GDP numbers scheduled for release. The...
For most of the major currencies, and USD/JPY in particular, consolidation was the primary theme this week. The trading range for USD/JPY was less than 80 pips and, on most days, less than 50....
U.S. dollar bulls relinquished control of the market today. With the exception of the euro and the Swiss Franc, the greenback traded lower against all of the major currencies. More than 4.4...
Dow futures are down 500 points this morning and the sell-off is accompanied by fresh gains for the U.S. dollar. The greenback kicks off the New York session stronger against all of the major...
The new trading week kicked off with an aggressive sell-off in crude and renewed gains for the U.S. dollar. The primary focus today was the Canadian dollar, which sold off aggressively on the...