Improving economic outlooks for Australia and New Zealand have put both currencies in a position to close higher for the week for the first time in a month. Although there has been pressure on risky assets lately, this...
Read MoreThe June Japanese Yen is trading about .38% lower this morning in New York after a weak Asian trading session. Early during Thursday’s trading session, data showed that Japan’s economy contracted more than expected...
Read MoreHigher commodity prices led by rallies in Gold and Silver are not helping the commodity-linked currencies this morning. Earlier in the trading session, it looked as if the Australian, New Zealand and Canadian Dollars would post...
Read MoreLast week the Euro turned down on the daily chart when the market took out the previous main bottom at 1.4157. Since it occurred such a long distance from the recent top at 1.4940 and inside of a key retracement zone at 1.4184...
Read MoreImage by Getty Images via @daylife Early Thoughts on the Markets: U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New York. The AUD USD...
Read MoreThe GBP USD is trading higher this morning after the Bank of England raised its inflation forecast and indicated it will begin tightening monetary policy beginning in the third quarter. The BoE in its quarterly inflation report...
Read MoreImage by jhyerczyk via Flickr The U.S. Dollar is trading slightly better this morning versus most major currencies. The focus continues to remain on the Euro which has recovered most of its early session loss. Euro traders are...
Read MoreCommodity-linked currencies are also under pressure this morning, led by an almost 1% drop in the Canadian Dollar. Huge drops in gold and silver as well as thoughts that a slowdown in the U.S. economy will drag the rest of the...
Read MoreImage by jhyerczyk via Flickr The Euro is under pressure this morning after European Central Bank President Jean-Claude Trichet was less hawkish on interest rates as analysts expected. Analysts were looking for Trichet to use...
Read MoreThe Australian Dollar is trading lower this morning, following Monday’s closing price reversal top and Tuesday’s confirmation. Investor appetite for riskier assets continues to soften, setting up the possibility of a...
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