U.S. Dollar Strengthens after Bearish Durable Goods Report

The U.S. Dollarstrengthened following the release of a poor durable goods report. Economistswere looking for a 1.0% increase; the actual change was reported as -1.0%.Investors did an about face following the release of this data, buying theDollar and selling higher […]

Continue Reading...

Euro Weakens as Drop in Consumer Confidence Drives Investors to Dollar

After piercing a minor .618 retracementlevel this morning, selling pressure hit the Euro after U.S. ConsumerConfidence fell more than analysts had estimated. The report pressured equitiesand drove down

Stress Test Jitters Send Euro Plunging

The Euro was up in early session trading ina continuation of Thursday’s strong rally before jitters about today’s stresstests triggered a profit-taking correction. From an early session high

Strong Industrial Data Drives Euro Higher

The U.S. Dollar istrading lower across the board as trader demand for risky assets soaredfollowing the news out of Europe. The U.S. Dollar is trading lower across theboard as

Pound, Euro Flip-flop after Weak Hungarian Auction

The British Pound is rebounding against theEuro at the mid-session after Hungary’ssmaller-than-expected debt auction renewed sovereign debt concerns in the EuroZone. The British Pound is rebounding against theEuro at

Weekly Forex Update: USD/JPY

The USD/JPY continues to trend lower as the Yen remains strong against a U.S. Dollar that was stable, albeit range-bound, throughout Monday's trading session. The USD/JPY continues to trend

Euro Weakens after Test of 1.30

Early in the tradingsession the Euro looked strong, having waved off the overnight bearishnesscreated by a downgrade of Irish debt and communication problems between theInternational Monetary Fund and

Euro Surges; Top 1.2900 for First Time since Early May

The EUR USD surged to the upside this morning as a combination of weak U.S. economic data and better than expected demand for Spain’s debt triggered a sharp

Risk Appetite Driving U.S. Dollar Lower

Greater demand for higher risk assets ishelping to drive the U.S. Dollar lower into the mid-session. Today’s rally isbeing led by the British Pound and the commodity-linked currencies.

Better Jobs Data Drive Canadian Dollar Higher

The U.S. Dollar istrading mixed against most major currencies with the exception of the CanadianDollar and New Zealand Dollar. The U.S. Dollar is trading mixed againstmost major currencies with