| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Daily currency analysis - Jul 19
The dollar wasconfined to narrower ranges during Thursday as markets were unable to breaksignificant technical levels. The US currency was still unsettled byspeculation that there would be a shift away from the dollar as exposure toagency bonds was reduced following the stresses in the mortgage fina... Jul 19, 2008 12:00PM
Euro Finishes the Week on a Down Note
Early this past week the EUR/USD made a new all-time high to 1.6038 as fears of a financial meltdown at Fannie Mae and Freddie Mac drove traders to the more stable Euro. The lack of follow through to the upside following this new high made the rally appear stop-driven as traders quickly exited. Jul 18, 2008 10:22PM
Dollar Gains on Oil, Citigroup
The major currencies were mixed on the Friday session amid a dearth of fresh economic news. However, the greenback took solace in a better-than-expected earnings report from Citigroup, propping the currency to above the 107-level against the yen to 107.08. Markets lauded Citigroup's earnings repo.... Jul 18, 2008 4:02PM
Daily currency analysis - Jul 18
The dollar wasconfined to narrower ranges during Thursday as markets were unable to breaksignificant technical levels. The US currency was still unsettled byspeculation that there would be a shift away from the dollar as exposure toagency bonds was reduced following the stresses in the mortgage fina... Jul 18, 2008 12:00PM
Euro Reaches Critical Chart Point
The three-day break in crude oil continued to provide support for the Dollar while sending the EUR/USD into a major retracement zone. Based on the main range of 1.5610 to 1.6038, the Euro was expected to see fresh buying on a break back to 1.5825 to 1.5774. Jul 17, 2008 6:22PM
Oil Extends Retreat, Buoys USD and Equities
The dollar rallied across the board in afternoon trading, jumping past the 107-level against the yen and pushing the sterling to 1.9950. Propping the currency higher today was a combination of a better-than-forecasted earnings report from JP Morgan, further pullback in the price of oil to beneath $... Jul 17, 2008 3:32PM
Daily currency analysis - Jul 17
The dollarweakened to lows near 1.5950 against the Euro on Wednesday, but the Eurostruggled to regain any momentum and the US currency stabilised close to 1.59in early New York before advancing on net positive factorsUS consumer pricesrose by a stronger than expected 1.1% in June as energy prices ro... Jul 17, 2008 12:00PM
Forex Traders Buy Dollar as Financial Market Confidence Returns
Forex traders went long the U.S. Dollar across the board in the major pairs as better-than-expected earnings by Well Fargo mortgage bank helped restore some confidence in the U.S. banking sector. Once this trend was set in motion, Jul 16, 2008 6:15PM
Dollar Rallies amid Further Retreat in Oil
The dollar extended gains today against the euro and sterling, recovering from previous session's losses to rise toward the 1.58-level versus the euro and beneath 2 against the sterling. The greenback benefited from further declines in crude oil, which lost over $4 to $134.58 per barrel amid softe.... Jul 16, 2008 4:02PM
Daily currency analysis - Jul 16
The dollar remainedunder pressure in European trading on Tuesday and dipped through the 1.60 levelto a fresh record low near 1.6040.The German ZEWconfidence index weakened to -63.9 in July from -52.4 which will reinforceEuro-zone fears and initially helped pull the Euro from its highs. The weaksurve... Jul 16, 2008 12:00PM
Euro Zone Fundamentals Signaling a Top
Despite rallying to a record high, the EUR/USD looks vulnerable to a break from current levels. The move through the old top at 1.6019 to 1.6038 looks more stop than buy driven. Like the top in April, there was no follow through to the upside after the breakout Jul 15, 2008 6:54PM
Greenback Recovers from Record Lows
The major currencies whipsawed around in the Tuesday session, with the dollar sharply recovering from all-time lows against the euro to bounce back toward the 1.59-level. Heightened risk aversion benefited the yen pairs as the Japanese currency rallied considerably against the euro and sterling ami... Jul 15, 2008 3:32PM
Stability in the Financial Industry Continues to Support U.S. Dollar
The EUR USD continued its reversal down with another sharp break on Wednesday. The U... 
James A. Hyerczyk
JPY Falls on Downgrade, USD Edges Higher
The greenback was higher against the euro and yen, rising to 1.5669 and 107.90, respe... Korman Tam
Daily currency analysis - Jul 23
127 per barrel.Regional FedPresident Plosser stated in comments on Tuesday that inter... Darrell Jobman
Dow Jones takes traders by surprise…
Sandy Jadeja is Chief Market Strategist for ODL Markets and founder of www.Spreadbett... Sandy Jadeja
