Dollar Archive

  • Daily Report: Dollar in Range ahead of Non-Farm Payroll

    Daily Report: Dollar in Range ahead of Non-Farm Payroll

    Dollar is staying in tight range as traders await July’s Non-Farm Payroll report today. The headline number is expected to show -75k contraction in the job market while private jobs are expected to grow by 80k. Nevertheless, the range of expectation is wide from 20k...

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  • Downtrend On Short Term Looks Certain For U.S. Dollar

    Downtrend On Short Term Looks Certain For U.S. Dollar

    The hedge fund that bought the euro in June just as it began a 9.7 percent surge against the dollar, now says it’s almost time to get out of the currency. The firm, which manages $8 billion in assets, expects the euro’s advance from a...

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  • Daily Report: Dollar Building Strength to Extend Rebound

    Daily Report: Dollar Building Strength to Extend Rebound

    Dollar is gathering some strength in early European session and is set to extend this week’s recovery against major currencies. Yen is also following after China stocks slumped -1.5% on comments from China Banking Regulatory Commission that banks should "strictly implement" curbs on loans to...

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  • Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

    Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

    Dollar’s recovery extends further in early US session trading above 84 level. As we’ve pointed before, the greenback has just got some support from an important medium term trend line. Current development indicates that dollar is gathering some momentum for a sizeable rebound at least...

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  • Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?

    Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?

    Dollar and yen were broadly lower last week as stocks rebounded strongly on hope for solid earning reports. S&P 500 posted the biggest weekly gain in a year and rose 5.4% over the week. DOW also jumped 5.2% to close above 10,000 again at 10198....

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  • Mid-Day Report: Canadian Dollar Soars on Stellar Job Report

    Mid-Day Report: Canadian Dollar Soars on Stellar Job Report

    Canadian dollar soars in early US session after release of much stronger than expected employment data. The job market in Canada added 93.2k jobs in June, more than four times expectation of 20k. Unemployment rate dropped from 8.1% to 7.9%, lowest level since January 2009....

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  • Daily Report: Dollar Pressing Trend Line Support, Reversal or Penetration?

    Daily Report: Dollar Pressing Trend Line Support, Reversal or Penetration?

    Risk rally is still the major driving force in the forex markets with dollar and yen generally under pressure. European stocks open mildly higher following broad based rally in Asian equities while crude oil is also firm above 75 level. On the other hand, dollar...

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  • Stocks Boosted by Earnings Optimism, Dollar and Yen Sharply Lower

    Stocks Boosted by Earnings Optimism, Dollar and Yen Sharply Lower

    Dollar and yen were sharply lower today as stocks staged strong rally on earnings optimism that will begin next week. DOW rose 2.82% to close above 10,000 level again at 10018.18 after institutional investor State Street Corp posted much better than expected Q2 earnings. Dollar...

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  • Daily Report: Dollar and Yen Mildly Higher as Asian Stocks Retreat

    Daily Report: Dollar and Yen Mildly Higher as Asian Stocks Retreat

    Dollar and yen are mildly higher as Asian equities pare this week’s gain. Nikkei’s recovery lost momentum, following late selling in US stocks and drops slightly by -0.63% today. Crude oil failed to take out 74 level overnight and is hovering around 72 level now....

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