Trading Markets

Morning Forex Briefing

The USD is slightly better this morning after a bout of profit-taking in Asia; traders note that the tighter ranges and end-of-month plus end-of-quarter pressures have put the majors on the defense.

Morning Forex Briefing

In my view, the USD/JPY is poised for a bout of short covering but I don’t think the long-term position of the USD is for strength.

Morning Forex Briefing

Today US Fed chairman Bernanke is speaking before the Joint Economic Committee and no doubt traders will be looking for clues to the Fed’s next move.

Morning Forex Briefing

Starting in Asia the USD remained in tight ranges as traders waited for the release of European data; German IFO sentiment survey forecast at 106.6 was released at a better-than-expected 107.7 giving the EURO a bit of a boost.

Afternoon US Dollar Wrap-Up

Traders complained of light volumes today as the USD continued to show residual strength despite better economic data overseas and less than friendly data here in the US.

Morning Forex Briefing

Expected to be driving at least some trade today are option expiries for the New York cut; analysts suggest that the USD may be two-sided or suffer a reversal after expiration.

Afternoon US Dollar Wrap-Up

Traders note that the move higher in the USD was well-coordinated across the major pairs but volumes were not high at all suggesting that the strength might be short lived; which it was.

Morning Forex Briefing

The USD is mixed to firmer this morning coming into New York higher against the EURO, weaker against the GBP and steady against the JPY.

Afternoon US Dollar Wrap-Up

Overnight saw the USD mixed-to-firm in Asia ahead of data from the UK; UK retail sales data and CBI data came out above expectations and the GBP rallied to score a high print at the 1.9730 area before aggressive offers capped the move.

Morning Forex Briefing

Subdued trade was the rule overnight as Japan celebrated the Vernal Equinox Holiday; market conditions were thinner in Asia.

Morning Forex Briefing

Traders note that the greenback is trading more technically this morning and expect that the majority of any action will be ahead of the London Fix as no real news is due after housing data at 7:30 AM CDT.