Euro Firms on Data, USD Falters
The euro maintained a firmer tone in early Europe on Friday due to better than expected economic data, but the US dollar was unable to muster strength on mixed reports.
USD Weekly Commentary 03/12/2010
Large short covering in euro and British pounds left the US dollar lower at the end of the week with the USD index down 0.7%.
U.S. Economy: Output Gain Points to More Investment
Industrial production unexpectedly rose in February, due in part to gains in demand for computers and semiconductors that signal the pickup in U.S. business investment is being sustained.
Daily Video Recap: China & Moody’s Sink Risk Appetite
Risk aversion ruled today’s markets as we had some sharp words from China’s Premier regarding the yuan and China’s currency policy. The comments increased the chance of a trade war between the two countries which sent traders looking for safe hav
Canada Dollar Drops for First Time in 12 Days as Oil Decline
Canada’s dollar fell for the first time in 12 days as crude oil, the nation’s largest export, slid below $80 a barrel and traders bought U.S. dollars to cover bets the currency would decline.
Futures Traders Bet Big Against British Pound
Bloomberg reports that bets against the pound sterling (GBP) have topped those when George Soros took down the Bank of England.
EUR/USD-Daily Trendline Broken
The following is your daily EUR/USD outlook for March 15, 2010.The downward daily trendline was broken on Friday, setting up for a further move higher in the EUR. Short-term caution is still warranted due to the high likelihood of false brea
Europe Profits Beating U.S. as Bull Market Intact
Europe is growing at half the U.S. pace, the U.K. budget deficit may reach 12.6 percent of gross domestic product, and that’s proving no deterrent to the strategists who picked last year’s market bottom.
Yen maintained a generally weaker tone on the crosses
The Euro maintained a firmer tone in early Europe on Friday and challenged resistance levels above 1.37 against the US currency.
Forex Weekly Trading Forecast - 03.15.10
US Dollar at Risk for Further Declines versus Euro on FX PositioningEuro Will Struggle to Develop a Trend with Greece Back in the Headlines
Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ
British Pound May Rise as Bank of
U.S., U.K. Move Closer to Losing Rating, Moody’s Says
The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.
Sterling Drops as Downgrade Warnings Weigh
A quiet night at the start of week’s trade with very little event risk on the economic calendar in both Asia and Europe and most high beta FX contained to very tight ranges, with the exception of sterling. Sterling tried to test the 1.5200 level


