| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
EUR/USD Falls as British Pound Strength Spreads to the Dollar
In a technically dominated trade, the EUR/USD fell as falling crude oil and a surging British Pound helped rally the U.S. Dollar. For the first time in four trading sessions, traders ignored news of an economic slowdown in the U.S. and instead allowed outside markets to dictate the short-term direc... Jun 19, 2008 5:45PM
The greenback edged higher against the euro in the Thursday session rising to 1.5468 on the heels of a pullback in oil prices. Prompting the retreat in oil were reports that China would raise retail prices for gasoline by 17% -- sending contracts for WTI crude to $132.50 per barrel. Nonetheless, t... Jun 19, 2008 3:32PM
Daily currency analysis - Jun 19
The dollar found support towards the 1.5550level on Wednesday, but was unable to break Euro support levels around 1.5460and again consolidated close to 1.55 in Europe. A weaker Wall Street trendpushed the US currency weaker in New York trading with a retreat to 1.5530.There was a further slight down... Jun 19, 2008 12:00PM
How Euro Reacts at 1.5573 to 1.5637 Will Dictate the Next Move
With the financial markets in Chicago indicating that the Fed is less likely to cut rates over the near term and the ECB expected to raise rates in July, the EUR/USD is once again showing signs of strength. The key to higher markets, however, will be how the market reacts to a trade back into a ret... Jun 18, 2008 4:32PM
Daily currency analysis - Jun 18
The dollar weakened to lows near 1.5550 inearly Europe on Tuesday before stabilising around the 1.55 level following afailure to sustain an advance towards 1.5460 following the Euro-zone data.The German ZEW weakened to -52.4 in Junefrom -41.4 the previous month which was the lowest reading since 199... Jun 18, 2008 12:00PM
Forex Markets Uncertain About U.S. Interest Rate Hike
Poor housing starts and lower than expected industrial production are forcing traders to rethink their position that the Fed will raise rates in June or August. There is even some talk that rates will not rise for at least a year. Some traders are now convinced the Fed will leave rates at current ... Jun 17, 2008 6:20PM
The greenback was mixed in Tuesday trading, higher against the yen around the 108-level but giving back some of its gains versus the euro to relinquish the 1.55-level. The economic reports released included May PPI, housing starts, building permits, capacity utilization, and industrial output. May... Jun 17, 2008 3:32PM
60.6bn the previous month. Although the data is for April, there should besome optimism over the US ability to attract capital on valuation grounds.The headline May Euro-zone inflation raterose to 3.7% from a provisional 3.6% estimate, but the increase in coreinflation was held to 1.7% from 1.6% whi... Jun 17, 2008 12:00PM
Unexpected Rise in Euro Zone Inflation Confirms Need for Rate Hike in July
The EUR/USD remained firm all session as Euro Zone CPI was reported higher than expected. This news solidifies the European Central Bank's need to raise interest rates in July. Jun 16, 2008 7:05PM
USD Supported by Rate Hike Expectations
The greenback maintained its buoyant tone against the majors at the start of the week, rallying to a fresh 3 ½-month high versus the yen at 108.56 and 1.5348 against the euro. Despite US Treasury Secretary Hank Paulson continuing to talk up the dollar at the meeting, there was no official menti.... Jun 16, 2008 3:02PM
The Week Ahead updated June 15, 2008
Two weeks ago, the USD surged on comments from Fed Chair Bernanke, sending the pendulum to the extreme side of USD strength. By the end of that week, however, the pendulum had swung all the way back to extreme USD Jun 16, 2008 12:35PM
Daily currency analysis - Jun 16
The dollar regained ground in Asian tradingon Friday and strengthened sharply in Europe to highs near 1.53 ahead of the USopen.US consumer prices rose 0.6% in Maycompared with expectations of a 0.5% increase with the annual increase thehighest sine January as there was a strong rise in transportatio... Jun 16, 2008 12:00PM
Dollar Finds Support on Bernanke's Comment about Leaving Discount Window Open
Monday's rally in the EUR/USD came to a fast end on Tuesday as comments from Fed... 
James A. Hyerczyk
Dollar Edges Higher on Jawboning
The dollar edged up higher on Tuesday, rising to 1.5637 versus the euro and 107.51 ag... Korman Tam
Daily currency analysis - Jul 8
The dollar waslittle changed on Friday as trading volumes were curbed by the US holid... Darrell Jobman
Dow Jones testing critical support level…
Sandy Jadeja is Chief Market Strategist for ODL Markets and founder of www.Spreadbett... Sandy Jadeja
