Dollar Surges Amid Risk Aversion

The U.S. dollar surged and stocks tumbled as risk aversion took hold amid ongoing debt concerns in the Eurozone periphery and softer Chinese economic data. Additionally, global inflation concerns mounted increasing the prospects for higher interest rates. The dollar was given a boost by hawkish rhetoric from the Fed as

Source: ActionForexall Rss Feed

Nonfarm Employment Surges in April

Nonfarm payrolls posted their third consecutive solid increase and seventh consecutive gain, rising 244,000 in April. Overall job growth continues to be restrained by layoffs in the public sector. Government shed 24,000 jobs in April, with most of the cuts coming at the state and local level. Private sector payrolls

Dollar Surges in a Volatile Session

Volatility spiked and the dollar surged following the ECB rate meeting and another disappointing U.S. labor release. EUR/USD was down nearly 2% on the day having plummeted to current levels of around 1.4530 after trading as high as nearly 1.4900 earlier in the session. The ECB left rates on hold

CHF Surges On SNB Hawkish Comments

It seems today will be about watching the Royal wedding (whether you want to or not) with some brief trading around the European US economic releases. Price action between those points will be subdued. Yesterday, the US GDP Q1 number registered a soft 1.8% with a 2.0% expected and