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Potential Reversal for NZD/USD
The NZD has dropped significantly versus the USD in the past 2 weeks, and it is currently traded around 0.7540. And now as evident in the data below, the daily chart is giving bullish signals,...
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US Dollar Heading for Recovery, or Further Bearishness?
Today promises to be a heavy trading session, as significant news out of the US is set to create major market volatility. The USD has recently seen some significant losses against its main currency...
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US Dollar Stabilizes as Britain Celebrates Royal Wedding
The price of the US dollar versus a number of its primary currency rivals appears to have leveled off on Friday. The recent plummet brought about by the Federal Reserve’s latest policy statement may...
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Osama bin Laden Killed, Dollar Receives Support as Silver Tumbles
A media frenzy followed the report of the death of Osama bin Laden and traders supported the dollar in overnight trading. Silver prices slid 10% before the commodity recovered after futures margins...
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UoM Consumer Confidence Reading on the Rise
The University of Michigan (UoM) released its preliminary monthly consumer confidence report this afternoon revealing solid growth in outlook among consumers. This report is a composite index based on...
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Dollar Declining as FX Markets Look Past Greek Debt Crisis
Greece remains the key question going forward though towards the end of last week the debt crisis was beginning to weaken its impact on the FX markets and the euro. Talks between the EU and the IMF...
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Silver and Gold Prices Slump with Strengthening US Dollar
Commodities in general are beginning to feel the pinch as weak Chinese economic data combined with declines in equity markets and a strengthening dollar have begun to weigh on both spot gold silver...
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University of Michigan (UoM) Report Underlines Growing Pessimism
The University of Michigan’s (UoM) preliminary consumer sentiment report, published this afternoon, underlined recent talk of growing pessimism in the American economy by domestic consumers. The...
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Russian Ruble Advances from Gains in Crude Oil
A sudden surge in crude oil values yesterday brought about resurgence in a recently-weakened Russian ruble (RUS). The value of the RUS was brought down by strong dips in global stocks last week as...
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Aussie Dollar Falls on Chinese Growth Concerns
The Australian Dollar weakened against all of its 16 Major counterparts due to concerns over the pace at which China’s economy will grow, reducing demand for smaller nation’s commodities.In other...
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Australian and NZ Dollar Make Gains
The Australian dollar appreciated against most of its Major currency counterparts after the International Monetary Fund raised its global economic growth outlook, encouraging demand for high-yielding...
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