Dollar

Dollar Set to Gain Against Euro on Stronger US Growth

ohn Taylor, the Founder and CEO of FX Concepts LLC currency hedge fund, has advised that investors should remain bullish on the US dollar as issues plaguing the US economy fade when compared with those in Australia and Europe...

Fundamental Analysis for the EUR/USD Cross

The euro-dollar pair has opened the week on a decline as technical indicators show that the pair has ascended at an unsustainable rate. With Draghi’s comments last week clarifying that Spain and other governments seeking bailout money should sign the OMT contract, there are a lot more in the fundamental side to lookout for this week...

A Brief Look at Major Forex Events This Week

There are some signals of success in the euro region as optimism starts to creep in. However, the market is still concerned about the situation in Spain as Spanish Prime Minister continues to refrain from asking for help from the ECB. The US data is encouraging giving the dollar advantage over the yen as a safe haven currency. Here is a brief overview of eight major events this week that will shape the market...

Promising US Payroll Data Wane Prospects of Fiscal Squeeze

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A Labor Department report released on Friday Octaber 5 showed that companies in the US added more jobs than forecast, diminishing concerns about the US economy which is facing a major fiscal squeeze...

Fed May Introduce Threshold on its Monetary Policy

Federal Reserve have been seen as shifting from its current strategy of tying monetary policy change to the calendar to linking it with specific economic conditions such as reduction in unemployment rate...

Bullard Expresses Investors’ Doubts on Fed Ability to Maintain Inflation Target

James Bullard, St. Louis Federal Reserve President, noted that inflation expectation measures are signaling concerns among investors on the ability of the central bank to hold price increases within the target of 2 percent it had set...

Sterling Up Against the Dollar on BOE Decision

The sterling pound advanced against the dollar as Bank of England kept its asset purchases unchanged at 375 billion pounds. The pound rose from a three-week low reached yesterday against the greenback...

USD/JPY Technical Analysis: The ISM Non-Manufacturing PMI

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The ISM Non-Manufacturing PMI report will be released on Wednesday 3 at 1400GMT. The report is based on a survey of purchasing managers in all other sectors except the manufacturing sector. The report will provide the managers’ take on the US economy and business conditions...

Pound Strengthens Against the Dollar on UK Construction Data

The UK sterling pound increased against the dollar after a two-day drop after a report from the UK showed that the construction sector in the country contracted at a slower pace than the market had predicted. The advance also came as UK gilts advanced after the borrowing cost fell in an auction of 3.5 billion pounds worth of ten-year UK bonds...

Loonie Up against US Dollar on US Manufacturing Data

The loonie advanced against the greenback and most peers after a report from the US showed that the US manufacturing sector unexpectedly expanded, boosting demand for commodity related currencies as risk appetite grew...

 

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