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FOREXYARD News Center
USD Trading to be Determined by CB Consumer Confidence Report
Today, USD trading is set to be determined by the release of the CB Consumer Confidence report from the U.S. at 14:00 GMT. The figure is expected to be 48.1, better than the previous figure of 46.6. This release is a leading indicator of consumer spending, which is a crucial indicator for the health of the U.S. economy. Positive figures are likely to lead to increased risk appetite, and a further weakening of the Dollar.

So far today, the USD is trading lower vs. the EUR by 26 pips at the 1.4326 level. The GBP/USD pair continues its trend of bearishness, as the British economy is still in dire straits. Against the JPY, the USD is virtually unchanged at the 94.06 level. This behavior may be due to some indecision amongst investors as to the desired outcome of this pair today. Additionally, today's crucial consumer confidence release from the U.S. today will determine this pair's outcome for today and the rest of the week.

In the meantime, you should look to open big positions in the USD's major crosses, such as the GBP, EUR, AUD and JPY. It is also recommended that you follow the release of the HPI (House Price Index) publication at 14:00 GMT. This is more likely to set the rate for the strength of the U.S. Dollar over the course of this week, as many forex traders continue to trade on the health of the U.S. housing market.[indent]

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Dollar Strengthens on Optimistic U.S. Data
Wednesday, 26 Aug 2009 12:57:13 GMT

The Dollar rose on the release of crucial data from the U.S., which showed Core Durable Goods Orders rose 0.8% and Durable Goods Orders rose 4.9%. These figures are proof that the U.S. economy is continuing to improve and rise out of the current recession. The USD was slightly bullish prior to this release. However, the data helped push the greenback even higher. In addition, German Business Confidence figures released earlier today helped push-up the USD in early trading.

Crude Oil Plummets on Profit Taking
Wednesday, 26 Aug 2009 05:46:17 GMT

Later afternoon trading saw the price of Crude Oil take a nose dive as traders took profit. The price of Oil stalled at the $75 resistance level and fell significantly following the failed breach. Today traders will be tracking the release of the U.S. Crude Oil Inventories data along with the New Home Sales numbers for today's market direction.

Dollar Foresees a Bearish Trading Session
Thursday, 27 Aug 2009 18:51:49 GMT

Since the opening of the U.S. market the Dollar has declined against most of its currency pairs. This was initiated by the publication of mixed results for U.S. economic indicators. For example positive Prelim GDP and negative Unemployment Claims data from the U.S. led to uncertainty in the forex market, as these figures showed mixed signs of recovery for the American economy.

Dollar Drops against the EUR on Poor Employment Dataa
Thursday, 27 Aug 2009 14:01:30 GMT

The Dollar weakened against most of the major currencies during today's trading. The EUR/USD rose from 1.4220 to 1.4280. However, the Dollar continued its bullish trend against the Pound and the GBP/USD is currently traded around the 1.6190 level.

Dollar Benefits on U.S. Economic Data; Today Traders Focus on the U.S Unemployment Claims
Thursday, 27 Aug 2009 07:05:25 GMT

The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant move

CAD Selloff Takes Place before US-Canada Market Open
Monday, 31 Aug 2009 12:13:14 GMT

The opening of the forex trading week has had some distinct impacts on a number of currencies. The USD has experienced a steady uptrend versus a number of its primary currency rivals, particularly the EUR and CAD. The results of Japan's recent elections, where the rival Democratic Party won power for the first time in decades, has the JPY in a sustained bullish channel against all of its rivals. However, JPY optimism came to a screeching halt this morning as Japanese unemployment and lowered exports put a damper on the election results.
Forex Traders Anticipate Heavy News Week
Monday, 31 Aug 2009 10:23:24 GMT

The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of U.S., Europe and Japan are likely to affect the greenback's main currency crosses.
USD Rebounds Sharply before Closing out the Week
Friday, 28 Aug 2009 20:37:07 GMT

With the constant shifting taking place among investors, the USD has taken many for a ride these past 24 hours. Thin trading and increased risk appetite drove the Dollar lower against all of its counterparts at the start of today's trading. However, those same market conditions, combined with end-of-month repositioning, have led to a sudden rebound in the greenback at the close of the trading week.

USD Soars Following Release of Crucial U.S. Data
Tuesday, 1 Sep 2009 16:39:07 GMT
The USD soared today against a basket of major currencies. The bullish trend began prior to the publications. However, the better-than-expected ISM Manufacturing PMI and Pending Home Sales data helped accelerate the Dollar's strength since 14:00 GMT. The USD also rose on higher risk aversion, as the U.S. equity market tumbled, led by financial shares. Therefore, today the USD was the alternative investment from equities, commodities, and other major currencies.
US Dollar Kicks-Off September with Bullishness
Tuesday, 1 Sep 2009 11:25:48 GMT
The start of every month usually witnesses a surge in economic news for the majority of countries world-wide. Today was no different. The Pacific countries of Australia and Japan have been presenting a wave of data for the end of August and the start of September. The Reserve Bank of Australia (RBA) announced its decision to hold rates steady, while the election of Japan's new Democratic government has sent a wave of optimism over the JPY.
USD Trades Lower on Market Optimism
Tuesday, 1 Sep 2009 07:14:28 GMT
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month of August. This indicator is a primary gauge of manufacturing sector, acting as the main driver of the U.S. economy. On top of this good news, a rise in demand for U.S. goods from abroad is also likely to help boost the U.S. economy in the coming months.

Dollar Awaits ADP Non-Farm Employment Change Figures
Wednesday, 2 Sep 2009 09:39:54 GMT
The U.S. Dollar awaits the publication of the ADP Non-Farm Employment Change figures at 12:15 GMT from the U.S. The release is a key indicator of consumer spending, as it primarily measures job creation. The result is expected to be -250,000, slightly better than previous result of -371,000. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S. market opens.
The USD Benefits as Wall Street Slides
Wednesday, 2 Sep 2009 07:28:59 GMT
The greenback firmed on Tuesday as share prices fell, prompting investors to shed perceived riskier currencies. Despite better than expected numbers from the Institute for Supply Management, shares on Wall Street showed only muted enthusiasm to the data and quickly lost ground, lifting the U.S dollar, which has tended to be used as a safe haven against losses in equities. Ahead of the U.S. jobs data later today, traders said players were anxious about any negative surprises. As the market has become less sensitive to positive surprises from the U.S economic data, the effect of any weak figures would be bigger than the effect of any positive numbers.
USD Soars Following Release of Crucial U.S. Data

The Dollar is on Defensive, EUR Gains after G20 Meeting
Monday, 7 Sep 2009 12:24:53 GMT
It appears that the first week of September held a few surprises for many forex traders. US Non-Farm Payrolls came out slightly better-than-expected, but the Dollar took a dive in last Friday's final trading hours. Today, banks in the US and Canada are on holiday, celebrating Labor Day, which means market liquidity will be low. This environment usually helps current trends maintain themselves, which highlights the notion of a sustained downtrend for the Dollar.
Dollar Expects Low Volatility Today
Monday, 7 Sep 2009 06:58:47 GMT
Today is a quiet news day for the U.S. and Canada, as there are no economic data releases on the calendar today. However, Britain and Euro-zone appear to be releasing the bulk of today's news, which means we may see a day of trading with low liquidity and therefore increased volatility. Day-traders can take advantage of these intense trading days by swinging within the larger-than-normal price fluctuations.
Employment Numbers Disappoint, Boosting the EUR

Forex Traders Flip-Flop between Risk Appetite and Aversion
Monday, 7 Sep 2009 20:15:15 GMT
The back and forth fluctuation between risk appetite and safe-haven flight continues unabated this week with analysts now expecting an appreciation of the USD in the short- to mid-term. Following the sharp drop in value at the end of trading last Friday, the greenback is anticipating mild bullishness throughout the week as outlook has worsened almost overnight.

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