U.S. Dollar Index Eyes 72.00 Ahead Of Non-Farm Payrolls

The USD pared the rebound from earlier this week, with the dollar index slipping to a fresh yearly low of 72.70 on Wednesday, and the greenback may weaken further over the near-term as the slowing recovery in the world’s largest economy dampens speculation for a rate hike by the Federal Reserve.

US Dollar Volatile Ahead of Key ECB, BoE and NFPs

Volatile dollar price action today lacked conviction as commodities and equities saw broad declines across the board. The losses come ahead of key economic data with the ECB and the BoE on tap for rate decisions tomorrow, and the US NFP figures on Friday.

FOREX: Euro Volatility Likely Amid Mixed Cues Ahead of ECB Rate Decision

The Euro is likely to turn volatile as the ECB delivers its interest rate decision as conflicting indicators cloud the outlook for monetary policy over the coming months.

AUD/JPY Potential Bull Flag ahead of RBA

The Reserve Bank of Australia (RBA) will meet tomorrow to decide on interest rates. The consensus is for the bank to keep rates on hold at 4.75%, however there it is becoming increasingly evident that rates are likely to increase in the coming months. The bank’s inflation target is to

U.S. Dollar Falls Spectacularly Ahead of FOMC Meeting

In Asian trading today, the U.S. Dollar slipped broadly lower as markets ponder the likely outcome of today’s Federal Open Market Committee Meeting.

US Dollar Outlook is Favorable in 2011; Trading Strategy for Year Ahead

The new year is finally here and we are really excited about the opportunities. The secret to successful trading will be to make sure we trade with our heads and not above...

USD/JPY’s Quiets Ahead of FOMC Minutes Providing Scalping Opportunity

The USD/JPY has been tracking higher on an improved outlook for the U.S. economy which was further supported by an unexpected 0.7% increase in November factory orders.