USD Trading Outlook


 
20.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012 25.5.2012-21.5.2012 18.5.2012-14.5.2012 11.5.2012-7.5.2012 4.5.2012-30.4.2012 27.4.2012-23.4.2012 20.4.2012-16.4.2012 13.4.2012-9.4.2012 5.4.2012-2.4.2012 30.3.2012-27.3.2012 23.3.2012-19.3.2012 16.3.2012-12.3.2012 9.3.2012-5.3.2012 2.3.2012-27.2.2012 24.2.2012-20.2.2012 17.2.2012-13.2.2012 10.2.2012-6.2.2012 3.2.2012-30.1.2012 27.1.2012-23.1.2012 20.1.2012-16.1.2012 13.1.2012-9.1.2012 6.1.2012-2.1.2012 30.12.2011-26.12.2011 23.12.2011-19.12.2011 16.12.2011-12.12.2011 9.12.2011-5.12.2011 2.12.2011-28.11.2011 24.11.2011-21.11.2011 18.11.2011-14.11.2011 11.11.2011-7.11.2011 4.11.2011-31.10.2011

26th October

U.S. Dollar Trading (USD) recent economic data has started to push up yields on US treasuries and this is directly affecting the USD/JPY which has broken back above Y80 for the first time in 3 months. September Durable Goods Orders surged 9.9% vs. -13% last month. Q3 GDP tonight will be critical for the recent Dollar strength. Looking ahead, Q3 GDP forecast at 1.9% vs. 3.3% q/y.

 

25th October

U.S. Dollar Trading (USD) traders got mixed action yesterday with a rally in Europe reversed later in the US session. Most FX pairs were little changed with the risk sensitive currencies doing the best. The FOMC was a non event with rates kept at 0.25% and the language was not changed in the accompanying statement. China’s October HSBC Flash Manufacturing PMI sparked some buying with an increase to 49.1 a three month high and reversal of the recent slide in the survey. Looking ahead, Weekly Jobless Claims forecast at 370k vs. 388k previously. Also September Pending Home Sales forecast at 2.1% vs. -2.6% previously.

 

24th October

U.S. Dollar Trading (USD) demand for safe haven assets helped the Dollar gain across the board with EUR/USD falling below 1.3000 and USD/JPY testing Y80 both key levels. The lack of bounce from the large sell off on Friday makes this move lower potentially dangerous technically. Company earnings from the US are weighing with cautious outlooks. Looking ahead, FED FOMC Meeting forecast to hold at 0.25% but focus will be on the statement accompanying the decision. 

 

23th October

U.S. Dollar Trading (USD) the Dollar pared back some of Friday’s gains as US stocks stabilized and bounced into the close. USD/JPY is getting a lot of attention with the very quiet major beginning to stir with daily gains towards the key top side resistance at Y80. Looking ahead, Presidential Debate.

 

22th October

U.S. Dollar Trading (USD) the positive mood seen was undone as US stocks slumped dramatically. In the biggest one day fall since June we saw the Dow Jones down over 200 points and the Nasdaq down over 2%. The main catalysts for the move lower were disappointing company earnings and a lack of progress at the EU summit. Looking ahead, FOMC Member Pianalto Speaks.

 


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