Fundamentals, Technicals Drive British Pound Higher

The British Pound strengthened this morningafter the Bank of England said inflation may continue to accelerate above its 2percent target, reducing the chances that the central bank will reignite asset purchases. The British Pound strengthened this morningafter the Bank of […]

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U.S. Dollar Higher, but Giving Up Some Gains

The U.S. Dollar is trading higher at themid-session but giving back some of its earlier gains. The catalyst behind today’s strength isfresh worries about sovereign debt issues in the

Greenback Mixed at Mid-Session; Traders Remain Non-Committal

The U.S. Dollar is trading on both sides ofthe market as traders remain non-committal about its direction ahead of theFed’s policy statement. The U.S. Dollar is trading on both

Greenback Mostly Down Versus Majors at Mid-Session

The U.S. Dollar is trading mostly loweragainst the major currencies under thin conditions. News that the U.S. economy isstill sputtering along has traders confident the Fed will implement

U.S. Dollar Index Poised to Change Trend

The strong rally in the U.S. Dollar againstall major Forex markets has put this index in a position to change the trend toup. A story circulating in the Wall

British Pound Rallies on Better Growth Prospects

The GBP USD is up nearly 1% at themid-session after a stronger-than-expected economic report signaled growth.This news reduced the prospects for further easing by the Bank of England,therefore,

U.S. Dollar under Pressure; Medley Report Outlines Fed QE Plan

A report from Medley Global Advisorsoutlining the Federal Reserve’s plan to buy $500 billion of Treasury debt oversix months to stimulate the economy is helping to pressure the

Aussie Dollar Recover Sell-off, Moves Higher for Session

The AUD USD sold off overnight, confirminglast Friday’s closing price reversal top at 1.0002. The break was short-livedhowever as a bearish U.S. Industrial report fueled speculation about the

U.S. Dollar Erases Losses as Treasury Delays China Currency Report

The U.S. Dollar erased earlier losses afterFederal Reserve Chairman Bernanke hinted at more quantitative easing but failedto lay out a roadmap of the Fed’s plan. In addition, the

U.S. Dollar Rebounding Slightly at Mid-Session

Oversold conditions and rumors of possibleAsian market intervention are helping to boost the U.S. Dollar off of its lows. While the Dollar continues to be drivenlower on speculation of