U.S. Dollar Wavering in Thin Holiday Trade

The U.S. Dollar is trading higher at the mid-session afterwavering for most of the morning. Thin holiday trading is the reason behindinvestor indecision today. Thursday’s action was most likely the day large traderssquared up positions for the month, leaving today […]

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U.S. Dollar Trading Mixed; Euro Settling into Range

The U.S. Dollar is trading mixed against most majorcurrencies ahead of the U.S.three-day week-end. The Dollar was under pressure early in the session afterthe Euro and British Pound

U.S. Dollar could be Forming Major Top

The U.S. Dollar traded sharply lower on Thursday, giving thefirst indication in weeks that the event driven rally may be coming to an end.Pressure was on the Dollar

Dollar Down on Increased Demand for Risky Assets

Increased demand for higher risk assets is helping to drivedown the U.S. Dollar index at the mid-session. The Dollar is trading loweragainst most major currencies with the exception

U.S. Dollar Index Holding on to Gains

The U.S. Dollar Index is holding on to most of its earliergains. The falling Euro is contributing the most to the Dollar’s rise whilelosing ground to the British

Strong Risk Demand Driving Down USD CAD

A sharp rise in U.S. equity markets and crude oilis pressuring the USD CAD this morning. Yesterday’s close below the old top at1.0738 was the first clue that

Renewed Euro Zone Issues, Korean Conflict Weaken Euro

The U.S. Dollar is trading higher as renewed Euro Zoneissues and a potential conflict between North and South Korea are driving investorsinto the safety of the greenback. The U.S.

Euro Could Form Secondary Higher Bottom; Reversal Bottoms Still Unconfirmed

The EUR USD traded sharply lower overnight and early in thesession as nervous traders reacted to the news that Spain’s government had takeover astruggling financial institution. The heavy

Euro Lower but Tensions Seem to be Easing

The EUR USD sold off hard overnight as traders reacted tothe news that Spain’sgovernment had takeover a struggling financial institution. This actiontriggered fear that sovereign debt problems were

Euro Rallies as ECB Holds Secret Talks

The EUR USD confirmed Wednesday’s closing price reversalbottom and surged to the upside on Thursday. Based on the chart pattern,traders should look for this move to continue with