The US dollar has been quietly trended higher since the European trading session.The EUR/USD hit a high of 1.4768 shortly after the London open but ended the US session near its daily lows.Although this strength was also seen against many of the other major currencies, the dollar failed to rally against the Japanese Yen.This weakness [...]

Posted in Dow, FOMC Minutes, Federal Reserve, Forex, Forex Podcast, US Dollar, US Economy, euro, forex blog No Comments »

The troubles in the US financial sector continue to be the biggest stories of the day, driving the US dollar to a 6 month high against the Euro. The parallel moves in both the greenback and the Japanese Yen indicate that we are seeing another bout of risk aversion. Yesterday, the story was [...]

Posted in Bank of England, Bank of Japan, US Dollar, forex blog 1 Comment »

Here is a quick note on this morning’s price action that I published on GFT’s Research page
Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence.
The correlation between crude prices and the US Dollar [...]

Posted in Dow, Forex Podcast, US Dollar, dollar earnings, dollar intervention, dollar rally, forex blog 3 Comments »

The Stories in the Currency Market

US Dollar: The Good News and the Bad News
The last 2 weeks of August is always a painstakingly quiet time in the currency market. European traders are off on their month long holidays while US traders are more worried about taking their kids to college and planning for the Labor [...]

Posted in British Pound, US Dollar, forex blog No Comments »

Here’s a snippet from my new Daily report on GFT
The Stories in the Currency Market
US Dollar: Is the Rally Over?
After rallying for the past 2 weeks, the US dollar saw its strongest correction against the Euro in almost a month. Producer prices were hotter than expected as the annualized pace of growth hit a 17 [...]

Posted in GFT 1 Comment »