US dollar news

Asian markets plummet after New York's main share index slumps to its lowest level in five years, amid recession fears.

Eur/usd - 1.2491...ECB board member Smaghi was quoted in a newspaper interview as saying that it is possible for eurozone rates to fall further n that the central bank does not anticipate a deflationary process will occur. Bids fm various accounts (incl. Asian CBs n European corporations) are noted ...

Yesterday Euro/Dollar made a slight adjustment upwards. The currency pair reached a peak at 1.2807 but closed lower at 1.2488. Our model remains mixed for now, with descending signals in the longer term while the European currency remains below 1.2880. Only consistent movement above 1.2752 might break the bearish scenario. Immediate support is seen at 1.2470. Break down of this level can give us f…

Usd/jpy - 95.16...Dlr declined to 94.97 on risk aversion with the Nikkei-225 falling below the 8,000 lvl (the index has ended the day down over 6%) n bids at 95.00/10 have been absorbed. More bids are reported at 94.50/60 with stops likely to emerge below there. Fresh offers have been placed at 95.4...

The poor data for the US housing sector push the dollar to levels above 1.28 but fast recovery during the US session. The traders predict poor data for the Euro Zone. The Fed will probably cut the interest rates to 0.5% based on the latest inflation report.

Falling oil prices paired with increased demands for the U.S. dollar continues to favor a bullish outlook for the USDCAD, and we may see the pair work...

Current Yesterday USD 0.43750 0.40000 GBP 3.00000 3.00000 EUR 2.93375 2.97625 JPY 0.53250 0.52750 CHF 0.98333 0.99167 AUD 5.62500 5.75000 CAD 2.55833 2.56667 NZD 6.70000 6.78750

Risk aversion dominated the Asian session with the USD, JPY and the HKD the three currencies to benefit from the sharp decline in Asian stocks and the...

1,2506. EUR USD broke 1,2590 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a b...

1,4956. GBP USD is in a range between 1,4900 and 1,5090. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearis...

1,2557. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on ...

1,2118. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD ...

95,07. USD JPY broke 96,00 support. USD JPY is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather m...

0,6345. AUD USD broke 0,6420 support. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue on ...

GBPUSD might be forming a short term cycle top at 1.5249 level on 4-hour chart and the fall from 1.5249 could possibly be resumption of down trend. Key support is now located at 1.4900, a break below this level will confirm the cycle top, and the following decline could bring price towards 1.4000 zone or even lower.

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Yesterday's cross-inspired selloff suggests the correction from 94.48 has ended earlier at 98.30 and consolidation with mild downside bias is seen, however, a break below previous support at 95.13 is needed to signal recent erratic decline from 100.56 has finally resumed and bring re-test of said lo...

Forex traders saw the US dollar rise sharply in the early stages of the credit crunch despite disappointing US economic fundamentals. The appreciation...

In the afternoon the U.S. equity markets took a turn for the worse and plunged sharply lower. This break triggered a flight to quality rally to the treasuries. Global traders pitched the higher risk Euro currency for the safety and liquidity of the Dollar.

The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus...

The US dollar initially weakened versus the euro upon the release of US inflation figures, only to rebound in the afternoon as dim prospects for an auto...

(CEP News) - Markets on Thursday will be awaiting jobless claims data, along with the Philly Fed Survey and remarks from U.S. Treasury Secretary Henry Paulson.

In its Oct 28-29 meeting the Federal Reserve made it clear that it could invoke a near zero interest rate policy (ZIRP) if the economic perspective continued...

Wall Street plunges more than 5% on Wednesday to its lowest level in over five years on rising economic worries.

(CEP News) - The S&P 500 fell to its worst level since 2003 and U.S. two-year yields hit their lowest in more than three decades on Wednesday as investors contemplated a pair of menacing scenarios.

The greenback fell versus the Japanese yen on Wednesday on renewed risk aversion due to growing worries about the ailing U.S. auto industry and deflation fears on the back of a record slide in U.S. consumer prices. The U.S. consumer price index fell by 1.0% in October (the largest decrease on record...

(CEP News) - It was another day of dismal economic news, which sent stocks down sharply and the S&P 500 to its lowest level in five years. Minutes released today from last month's FOMC meeting revealed the U.S. GDP forecast was revised down substantially for 2009, while October housing starts fell to the lowest level since 1959. Also setting a new record, U.S. core inflation fell in October for th…

US consumer prices dropped by a record 1% in October, sending Wall Street and European markets lower on renewed recession fears.

(CEP News) - Fed funds futures are pricing in an 80% chance of a 50 bps rate cut by the year-end FOMC meeting, following a negative drop in the core CPI rate.

(CEP News) - Economists expect only trivial improvement in the manufacturing sector covering eastern Pennsylvania, southern New Jersey and Delaware. The Philadelphia Fed index of manufacturing dropped over 40 points to an 18-year low in October, and the consensus believes conditions have failed to rebound.

(CEP News) - Indications the Federal Reserve will lower interest rates and continued pressure on equity markets led to a rally in short-dated fixed income on Wednesday, sending short-dated yields to the lowest level in more than three decades.

Thu, 20th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD attempted to push higher yesterday. After made a breakout to the upside from triangle formation, topped at 1.2813, the pair whipsawed to the downside and break the triangle to the downside. This fact should support the current bearish scenario continuation. The bias is on the [...]

(CEP News) - Initial unemployment claims in the U.S. are expected to remain above the 500k level in the week ending Nov. 15, after crossing the half-a-million threshold for the first time in over seven years last week. The report could get extra attention because this week is the survey week for November nonfarm payrolls.

The Dow Jones Industrials Average finished 427 points lower on the trading day, sending both the US Dollar and the Japanese Yen substantially higher through...

- British Pound Spikes Amidst Wild Volatility, Falls Back as BOE Minutes Signal Further Rate Cuts - Japanese Yen Jumps While US Stocks Close at Lowest...

The major currencies whipsawed in the Tuesday session, with the greenback recovering from earlier losses in New York trading. The dollar tumbled to lows against the euro and sterling at 1.2813 and 1.5248, respectively, before recovering by the afternoon session. US economic reports released earlie...

(CEP News) - The minutes of the Federal Open Market Committee's (FOMC) Oct. 28-29 meeting released Wednesday show that board members reduced their GDP forecast down by two percentage points. The Committee believes modest growth will return in the second half of next year and near-potential growth could be restored in 2010. Inflation remains a concern, but FOMC members expect prices to fall.

(CEP News) - Richmond Fed President Jeffrey Lacker said the Fed should limit its lending in order to reestablish its boundaries.

Prospects of a big 3 auto bankruptcy saw US equity indices slipping steadily through out the New York trading day with currency markets seeing risk aversion returning as the Dow closed just under the 8,000 mark at 7997.28. Note however a brief spike at the US open paved the way for better pricing as talk [...]

(CEP News) - The Federal Open Market Committee (FOMC) will release the minutes of its Oct. 29 meeting on Wednesday. The minutes could elaborate on the perceived dovish bias from the Fed, give some details from the intermeeting cut eight days before, and highlight any debate between members on whether cutting rates 50 basis points to 1% was the best action.

(CEP News) - A larger-than-expected decline in U.S. inflation figures and a stock market selloff led to a renewed rally in U.S. 10-year Treasuries. The U.S. dollar has rebounded as riskier assets are shunned.

The Euro foundsome support below the 1.26 level against the dollar and pushed to highs of1.27 as Wall Street secured opening gains. The Euro and US stocks were bothunable to sustain opening gains and it weakened back to the 1.26 region.US producer pricesfell by a sharp 2.8% in October as energy pric...

(CEP News) - U.S. economic releases today showed that consumer prices fell across the board in October, with the core CPI rate dropping for the first time since 1982, while housing starts fell to their lowest level on record in October. Meanwhile, the CEOs of the Big Three U.S. automakers are testifying before the Senate Banking Committee as they seek a $25 billion bridge loan.

(CEP News) - As retail gas prices fall, U.S. drivers continue to stay off the road. According to data released Wednesday from the Energy Information Administration (EIA), gasoline demand fell 2.2% year-over-year in the week ending Nov. 14.

(CEP News) - U.S. housing starts and building permits each fell to record lows in October, which economists say is bad news in the short term. However, the quicker housing activity declines, the quicker excess inventory will be cleared off the market and the housing sector can normalize, they say.

(CEP News) - The global economic crisis is likely to persist for some time and put into question how policy will have to change to prevent a repeat, according to Fed Vice-Chairman Donald Kohn speaking at the Cato Institute's 26th Annual Monetary Conference on Lessons from the Subprime Crisis on Wednesday. However, monetary policy may not be the solution, he said.

(CEP News) - A larger-than-expected decline in U.S. inflation figures led to a sell off in the U.S. dollar on Wednesday. Stocks are relatively unchanged and the Treasury curve continues to flatten.

The Dow Jones Industrials Average started the day almost exactly flat with yesterday’s close, giving little guidance to the highly risk-sensitive US Dollar...

Further consolidation in the New Zealand Dollar/US Dollar pair leaves little directional bias for upcoming trade, as the pair trades almost exactly at...

The Australian Dollar/US Dollar currency pair remains in a wedge formation, and the next several days of price action will likely the next major AUD/USD...

The overall US Dollar/Canadian Dollar uptrend remains intact, but we see that the USD/CAD continues to fail at the 61.8 percent Fibonacci retracement of...

The US Dollar/Swiss Franc pair recently broke the top of its trendline resistance mark, and the pair is currently challenging the 161.8 percent Fibonacci...

The British Pound/US Dollar pair remains in much the same situation as the rest of its forex trading counterparts, trading within a progressively narrower...

The US Dollar/Japanese Yen pair remains in much the same situation as the Euro/US Dollar, as the USD/JPY remains within a progressively tightening wedge...

(CEP News) - With consumer prices falling more quickly and more broadly than expected across the United States, economists said retailers must be slashing prices as consumers spend less and save more. The rapid decline of energy prices plays a major role in the falling figures, but the core rate saw its first negative monthly print since 1982, suggesting that prices are in broad-based decline.

The Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency...

EurUsd Market dropped as low as 1.2330 on October 28th and sharply rebounded to 1.3298 high Thursday last week. This shows actual trading range 1.2330 – 1.3298 drawing a triangle consolidation pattern. On the downside, renewed weakness will open the way down to trendline support 1.2208. Next long-term support holds 1.1640 November 2005 low.

Starts of new houses have dropped again in October, for the fourth consecutive month to their lowest level ever, while building permits have dropped much lower than expected, according to data by the Commerce Department.

The Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency...

Consumer prices posted in October the largest monthly decline in the last 61 years weighed by a slumping economy which is pulling down inflation, according to data released buy the US Labor Department