Forexperts Archives

Daily currency analysis - May 6

The dollar consolidated in a 1.5450 - 1.55 range on Friday ahead ofthe US employment data on Friday.The latest US non-farm payroll report recorded an employment declineof 20,000 for April after a revised 81,000 drop the previous month.Manufacturing and construction employment continued to weaken, bu... (May 06, 2008 12:00PM)

Daily currency analysis - May 5

The dollar consolidated in a 1.5450 - 1.55 range on Friday ahead ofthe US employment data on Friday.The latest US non-farm payroll report recorded an employment declineof 20,000 for April after a revised 81,000 drop the previous month.Manufacturing and construction employment continued to weaken, bu... (May 05, 2008 12:00PM)

Daily currency analysis - May 1

The dollar pushed to highs around 1.5520 against the Euro after theslightly firmer than expected US data before drifting back to 1.5570 ahead ofthe FOMC decisionThe advance report for first-quarter GDP recorded growth at a 0.6%annualised rate compared with an expected 0.2%. There was a further sharp... (May 01, 2008 12:00PM)

Daily currency analysis - Apr 30

The dollar strengthened in early Europe on Tuesday with gains tojust beyond 1.5550. The Euro recovered ground after the US data releases, but wasunable to hold above the 1.56 level and drifted weaker later in New York.The US data remained generally weak, but failed to have a majorimpact. The Case-Sh... (Apr 30, 2008 12:00PM)

Daily currency analysis - Apr 29

The markets were unable to break any key technical levels during Mondaywith caution ahead of key US events later this week. The dollar weakened tolows around 1.5690 against the Euro in European trading before gaining stronglyto 1.5600 and settling around 1.5640.There has been further speculation tha... (Apr 29, 2008 12:00PM)

Daily currency analysis - Apr 28

The dollar strengthened to highs near 1.5550 against the Euro inEuropean trading on Friday before being subjected to a corrective reversalfollowing strong gains over the previous 24-hour period.The revised University of Michigan consumer confidence index edgedlower to 62.5 for April from a provision... (Apr 28, 2008 12:00PM)

Daily currency analysis - Apr 27

The Euro was unable to make any headway in early Europe on Thursdayand weakened sharply over the rest of the day.The German IFO index weakened to 102.4 in April from 104.8 theprevious month which was significantly below expectations. The sharply monthlydownturn will increase fears over a significant... (Apr 27, 2008 12:00PM)

Daily currency analysis - Apr 26

The Euro was unable to make any headway in early Europe on Thursdayand weakened sharply over the rest of the day.The German IFO index weakened to 102.4 in April from 104.8 theprevious month which was significantly below expectations. The sharply monthlydownturn will increase fears over a significant... (Apr 26, 2008 12:00PM)

Daily currency analysis - Apr 25

The Euro was unable to make any headway in early Europe on Thursdayand weakened sharply over the rest of the day.The German IFO index weakened to 102.4 in April from 104.8 theprevious month which was significantly below expectations. The sharply monthlydownturn will increase fears over a significant... (Apr 25, 2008 12:00PM)

Daily currency analysis - Apr 24

The Euro again tested 1.60 in early Europe on Wednesday,but was unable to make a fresh challenge on resistance above this level.The Euro-zone data was mixed with a drop in the PMI indexfor the manufacturing sector offset by a recovery in the services data.Confidence indicators will be watched closel... (Apr 24, 2008 12:00PM)

Daily currency analysis - Apr 23

The dollar was unable to sustain gains through the 1.5850level on Tuesday and the Euro continued to probe new record highs. The dollarwas also again unsettled by the strength of oil prices.US existing home sales edged lower to an annual rate of4.93mn for March from 5.03mn the previous month. There w... (Apr 23, 2008 12:00PM)

Daily currency analysis - Apr 22

The dollar was unable to hold stronger than the 1.58 level againstthe Euro in Asian trading on Monday and weakened steadily to lows near 1.5950.The US currency was again being hampered by the strength ofoil prices which temporarily traded at fresh record highs before edging lowerin US trading. The B... (Apr 22, 2008 12:00PM)

Hans S. Nilsson

Lena Manousarides

Jay Norris

Brian Dolan

• Michael Woolfolk, economist at Bank of New York
• Thomson Financial News - "The dollar appears set for a period of renewed stability in 2008 as long as interest rate differentials and the US credit crisis do not deteriorate any further." Michael Woolfolk

• Katarzyna Zajdel-Kurowska, polish deputy finance minister
• Thomson Financial News - "The biggest threat for inflation next year remains fuel prices and rising global demand for agricultural produce. We can, however, assume that together with a likely fall in food prices in the second half of next year inflation will start to fall. It is clear that the recent rise in inflation is due chiefly to ri... Katarzyna Zajdel-Kurowska

• Robert Brusca, economist at FAO Economics
• Reuters - "This is still a big deficit even though we had some modest reduction. Some of that progress is due to the fact that imports have been restrained and the economy is weakening." Robert Brusca