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US Dollar Suffers as Fed Budget Balance Falls Short of Expectations

Wednesday, 13 Apr 2011

The US dollar's short-term bullish run seems to have met resistance following the release of the US Federal Budget Balance yesterday at 19:00 GMT. The EUR/USD fell to as low as 1.4377 by mid-day on Tuesday as risk aversion in the global economy helped spur growth in both the USD and JPY. However, a report which showed the federal deficit shrinking much less than expected halted the greenback's movement and pushed the EUR/USD back towards 1.4480 by yesterday's close.

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EUR Bearish on Regional Debt Concerns

Monday, 18 Apr 2011

The euro has turned bearish against most of its currency rivals after the pair failed to breach key resistance levels and then fell on renewed concern over sovereign debt. The EUR/USD has fallen to 1.4375 as of this morning and does not appear to be revealing any signal of correcting back up in the near future. The EUR/JPY has also revealed sudden weakness, reaching down towards 119.13 in today's early morning trading.

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Dollar Correction Continues to Build Strength with Declines in Silver

Thursday, 12 May 2011

The rally in the dollar continues to build on last week's gains as silver prices have fallen below last week's low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen the dollar as long commodity trades are unwound.

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Dollar Stronger on Greek Debt Concerns

Wednesday, 15 Jun 2011 12:19:02 GMT

The dollar is stronger across the board as the Greek debt crisis comes to a head with the failure of European finance ministers to come to an agreement for a second bailout package. Moody's put three French banks on credit watch which compounded the negativity as the majors were all sold versus the USD.

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BoJ Intervention Weakens Yen Temporarily

Thursday, 4 Aug 2011 12:36:51 GMT

The Bank of Japan made a ¥10 trillion splash in the markets to prevent speculators from driving the value of the Japanese currency higher. Most likely the BoJ was forced to act following yesterday's quasi-quantitative easing by the SNB to weaken the CHF.

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Euro-Zone News Set to Impact Markets Today

The US dollar was able to reverse some of its recent losses during the afternoon session yesterday, following the release of the Existing Home Sales figure. While the figure came in below expectations, it was still taken as a sign that the housing market in the US is improving.

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JPY Dropping Further

Monday, 19 Mar 2012 11:31:09 GMT

The euro made significant gains against the yen as the Japanese currency continues to drop further than analysts predicted. As of early Monday afternoon, the euro was trading against the yen at a rate of 109.81. This marks a five month high for the EUR/JPY pair.

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EUR/USD: The Euro continues to fall towards the January lows.

We see support 1.2622 (January low) which if holds will be good for this market. While below the resistance and May high at 1.3283, the Euro remains weak. Key resistance remains at 1.3080, but he market must accelerate through the key level at 1.3000 first.

Looking down supports are at 1.2880 and 1.2810.

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EUR.jpg

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  • MrD changed the title to AVA Trade - www.avafx.com
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