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Author: Tina Reyes

Daily Forex Commentary June 8, 2010

June 8, 2010 Commodity-Linked Currency Rally indicates Shift in Risk Sentiment The U.S. Dollar finished down against most major currencies on Tuesday as appetite for risk shifted toward higher yielding assets. The Greenback...

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Daily Forex Commentary June 7, 2010

June 7, 2010 Late Session Stock Market Break Triggers Dollar Surge A late session plunge in U.S. equity markets helped the U.S. Dollar surge into the close as traders sought shelter in the safe haven greenback and sold off...

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Daily Forex Commentary June 4, 2010

June 4, 2010 Euro Pierces 1.20 Psychological Support Level The Euro pierced the psychological 1.20 support level, sending the single-currency to a 4-year low. The began its slide early Friday morning, driven lower by fresh...

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Daily Forex Commentary June 3, 2010

June 3, 2010 Euro Lower as Investors Debate U.S. Labor Outlook Thin trading conditions ahead of the U.S. Non-Farm Payrolls Report on Friday and less than stellar economic news from the Euro Zone helped to weaken the Euro on...

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Daily Forex Commentary June 2, 2010

June 2, 2010 USD JPY Soars; Risk Appetite, New Prime Minister Catalysts The USD JPY soared on Wednesday, buoyed by greater demand for risky assets and on speculation that the next prime minister will favor a weaker currency. The...

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