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

admin — Fri, 06 Aug 2010 09:45:56 +0000

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 to 150k and the main View full post on Action Insight (All Reports)

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

admin — Mon, 02 Aug 2010 07:59:40 +0000

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 four-year low on June 7 View full post on Technical Analysis

Daily Report: Dollar Building Strength to Extend Rebound

admin — Tue, 13 Jul 2010 09:29:12 +0000

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 multi-home buyers to prevent speculative View full post on Action Insight (All Reports)

Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

admin — Tue, 13 Jul 2010 05:51:27 +0000

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 and we would see the View full post on Action Insight (All Reports)

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

admin — Sat, 10 Jul 2010 22:41:27 +0000

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. Dollar index dropped to as View full post on Action Insight (All Reports)

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

admin — Fri, 09 Jul 2010 23:25:43 +0000

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. Also, note that the Canadian View full post on Action Insight (All Reports)

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

admin — Fri, 09 Jul 2010 11:24:37 +0000

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 index is soft below 84 View full post on Action Insight (All Reports)

Stocks Boosted by Earnings Optimism, Dollar and Yen Sharply Lower

admin — Thu, 08 Jul 2010 00:05:33 +0000

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 and yen are both under View full post on Action Insight (All Reports)

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

admin — Wed, 07 Jul 2010 12:22:00 +0000

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. Dollar index also manages to View full post on Action Insight (All Reports)

Mid-Day Report: Swiss Franc Lower on Weak CPI, Dollar Soft on Risk Appetite

admin — Wed, 07 Jul 2010 00:39:21 +0000

Swiss Franc is mildly lower today after consumer inflation report. CPI in June dropped -0.4% mom, rose 0.5% yoy versus consensus of -0.1% mom, 1.0% yoy. Recent strength in Swiss Franc was driven by SNB’s message of disappearing deflation risk, which led to exit of intervention. However, SNB has also View full post on Action Insight (All Reports)