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Daily Trading Alerts for Forex Traders with additional intra-day alerts whenever the situation requires it. The service covers the following currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, and USD/AUD. As Forex Trading Alerts subscriber you will remain up-to-date at all times - you will receive daily e-mail messages from Nadia Simmons with the most important trading details: latest price changes, support & resistance levels, buy & sell signals and early heads-up about the potential trading opportunities. If you're trading currencies or would like to optimize your cash holdings (when holding cash, own the right form of cash), Forex Trading Alerts are perfect for you. 1-2 alerts per week are posted also in our Articles section, so you can review these real-time samples before you subscribe.

  • Forex Trading Alert: Consolidation in GBP/USD - Sign of Strength or Last Stop Before Correction?

    July 21, 2014, 12:00 PM

    The U.S. dollar moved higher against the British pound after reports that Ukrainian troops were moving in to the rebel held city of Donetsk, which weighed on market sentiment and fueled concerns over an escalation in the region. As a result GBP/USD declined to the lower border of the consolidation. Is it the last stop before further deterioration?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    July 18, 2014, 11:40 AM

    The U.S. dollar moved lower against other major currencies after the disappointing University of Michigan report showed that consumer sentiment index declined to a four-month low of 81.3 in July, from a reading of 82.5 in the previous month, missing expectations for rise to 83.0. As a result, EUR/USD rebounded slightly from a 5-month low, while USD/CHF tested the strength of the strong resistance zone. What happened at the same time with other currency pairs? What is their current outlook?

  • Forex Trading Alert: Negative Signs for USD/JPY

    July 17, 2014, 4:26 PM

    Earlier today, the U.S. dollar moved lower after news that a Malaysian Airlines plane crash near the Russia-Ukraine border, which fueled fears that the crisis between countries will escalate. These circumstances encouraged investors to abandon the dollar and buy safe-haven assets such as gold. As a result USD/JPY declined sharply and erased most of the recent rally. Will we see further deterioration in the coming days?

  • Forex Trading Alert: Recent Rally in USD/CAD - Significant Improvement or Just a Bigger Upswing?

    July 16, 2014, 4:22 PM

    Earlier today, the U.S. dollar climbed to a fresh 3-week high against its Canadian counterpart after the Bank of Canada left its overnight cash rate unchanged at 1%. Thanks to this news USD/CAD reached an important resistance line. Will it stop the rally?

  • Forex Trading Alert: Can We Expect Further Rally in USD/CAD?

    July 15, 2014, 5:08 PM

    Earlier today, the U.S. dollar hit a three-week high against its Canadian counterpart after Federal Reserve Chair Janet Yellen testimony in Congress. Will the exchange rate climb above 1.0800?

  • Forex Trading Alert: EUR/USD Meets Resistance Zone

    July 14, 2014, 3:41 PM

    Earlier today, the greenback moved lower against the common currency as investors jumped to the sidelines awaiting for Federal Reserve Chair Janet Yellen's two-day congressional testimony on Tuesday and Wednesday. Because of these circumstances, EUR/USD extended gains and climbed to the strong resistance zone. So far, it holds, but is it strong enough to stop further improvement?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    July 11, 2014, 3:45 PM

    Earlier today, official data showed that the number of employed people in Canada declined by 9,400 in June, missing expectations for a 20,000 rise. Additionally, Canada's unemployment rate rose to 7.1% in June, from 7.0% in the previous month. As a result, the greenback shot up against Canadian dollar and the USD/CAD pair invalidated the breakdown below the medium-term resistance line. What happened at the same time with other currency pairs? What is their current outlook?

  • Forex Trading Alert: AUD/USD – Bullish or Bearish Rollercoaster?

    July 10, 2014, 1:32 PM

    Earlier today, official data showed that the number of employed people in Australia increased by 15,900 in the previous month, beating expectations for an increase of 12,000. Despite this bullish news, the report also showed that Australia's unemployment rate climbed to 6.0% in June from 5.9% in May, missing analysts expectations. These mixed economic reports pushed the Australian dollar lower against its U.S. counterpart and AUD/USD invalidated a breakout above the resistance line. Did this move change the short-term outlook?

  • Forex Trading Alert: EUR/USD – At Crossroads

    July 9, 2014, 4:52 PM

    The common currency moved higher against the U.S. dollar after the Federal Reserve said in the minutes of the monetary policy meeting that its stimulus program should end likely in October. As a result, EUR/USD increased to a very important resistance area. What could happen if it stopped currency bulls’ charge?

  • Forex Trading Alert: Euro and Australian Dollar Increase - What About Pound?

    July 8, 2014, 2:11 PM

    Earlier today, the British pound declined against the U.S. dollar after data showed that overall industrial production was down 0.7%, while manufacturing production fell 1.3% in May, missing expectations for a gain of 0.4%. Because of this largest decline since January 2013, GBP/USD hit a fresh July low of 1.7084. Will we see an invalidation of the breakout above the 2009 high in the coming days?

  • Forex Trading Alert: The Next Short Term USD/CAD Move: North or South?

    July 7, 2014, 3:13 PM

    Earlier today, the Canadian dollar touched session highs against its U.S. counterpart after data showed that Canadian building permits rose 13.8% in May, well above expectations for a 3.1% increase. What impact did these better-than-expected numbers have on USD/CAD? Did they change the pair’s short-term outlook?

  • Forex Trading Alert: EUR/USD – Bigger Pullback or Something More?

    July 3, 2014, 2:28 PM

    Earlier today, the euro moved lower against the greenback after the U.S. Department of Labor reported that non-farm payrolls rose by 288,000 in June, beating expectations for an increase of 212,000. Meanwhile, the unemployment rate dropped to 6.1% from 6.3% in May. Thanks to these better-than-expected numbers, EUR/USD declined sharply and dropped below the short-term support. What impact could it have on future moves?

  • Forex Trading Alert: EUR/USD – Is This The End of The Recent Rally?

    July 2, 2014, 4:55 PM

    The common currency moved lower against the U.S. dollar after the ADP nonfarm payrolls report showed that the U.S private sector added 281,000 jobs last month, beating expectations for an increase of 200,000. As a result, EUR/USD invalidated yesterday’s breakout and declined to its initial downside target. Will we see further deterioration?

  • Forex Trading Alert: Will AUD/USD Continue the Rally?

    July 1, 2014, 8:06 AM

    The Reserve Bank of Australia left interest rates unchanged at a record low of 2.5%, which pushed the Australian dollar to a seven month high against its U.S. counterpart earlier today. Thanks to this news AUD/USD climbed temporarily above important resistances, but will currency bulls be strong enough to hold gained levels?

  • Forex Trading Alert: EUR/USD Is Increasing, But for How Long?

    June 30, 2014, 2:49 PM

    Earlier today, the greenback moved lower against the common currency after industry data showed that the Chicago purchasing managers’ index declined to 62.6 in June from 65.5 in May, missing expectations for a 63.0 reading. Thanks to these numbers, EUR/USD increased sharply, breaking above its strong resistance zone. Are there any bearish technical factors that could stop today’s rally?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 27, 2014, 3:27 PM

    Although the Thomson Reuters/University of Michigan consumer sentiment index increased to 82.5 in June from 81.2 in May (beating expectations for a 82.2 reading), the U.S. dollar moved lower against major currency pairs as market participants bet that the Federal Reserve will keep interest rates low until 2015. Because of these circumstances, EUR/USD reached its important resistance, while USD/CAD dropped below the long-term support line. What impact did these fundamental factors have on other currency pairs and their outlook?

  • Forex Trading Alert: USD/CAD – At Key Support Lines

    June 26, 2014, 5:04 PM

    Today, the U.S. dollar declined to a fresh five-and-a-half month low against its Canadian counterpart as yesterday’s disappointing U.S. gross domestic product data continued to weigh. With this downswing USD/CAD dropped to key support lines. Will they withstand the selling pressure?

  • Forex Trading Alert: GBP/USD – Currency Bears Do Not Give Up

    June 25, 2014, 7:20 AM

    Today, sterling extended losses from the previous session as yesterday’s Bank of England Governor testimony and better-than-expected consumer confidence and housing data still support the greenback. In this way, GBP/USD declined to its lowest level since June 18. Will it drop to 1.6900 in the near future?

  • Forex Trading Alert: GBP/USD – Another Fakeout

    June 24, 2014, 12:41 PM

    Earlier today, the British pound declined sharply against the greenback after Bank of England Governor Mark Carney testimony. Later in the day, sterling extended losses after data showed that Conference Board consumer confidence index jumped to 85.2 this month from 83.0 in May (it’s worth noting that this was the highest reading since January 2008), while the number of new home sales also rose to a six-year high, increasing 18.6% in May ( the highest level since May 2008 and the largest monthly increase since January 1992). These strong bullish numbers boosted the U.S. dollar and triggered a sharp decline in the GBP/USD pair. Where could the exchange rate drop after another fakeout?

  • Forex Trading Alert: USD/CAD - More Weakness on the Way?

    June 23, 2014, 2:45 PM

    Earlier today, the U.S. dollar declined to a fresh five-and-a-half month low against its Canadian counterpart as upbeat Canadian data on inflation and retail sales released on Friday continued to weigh. As a result USD/CAD declined below the 50% Fibonacci retracement, approaching an important long-term support line. Will it manage to trigger a corrective upswing in the near future?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 20, 2014, 1:04 PM

    Earlier today, the data showed that retail sales in Canada rose 1.1% in April, beating expectations for a 0.4% gain. Additionally, core retail sales, without automobiles, increased by 0.7% in April, while analysts had expected a 0.4% rise. A separate report showed that CPI in Canada rose 0.5% in May, above expectations for a 0.2% gain. On top of that, core consumer price inflation, without the eight most volatile items, increased 0.5% in the previous month, beating expectations for a 0.2% gain. As a result, the U.S. dollar declined to a five-and-a-half-month low against its Canadian counterpart. What happened at the same time with other major currency pairs? Did their short-term outlook change since the beginning of the week?

  • Forex Trading Alert: AUD/USD – Breakout or Fakeout?

    June 19, 2014, 4:47 AM

    Yesterday, the Australian dollar moved higher against its U.S. counterpart after the Federal Reserve indicated that interest rates will remain low for a considerable time after the bank’s asset purchase program ends. Thanks to this news AUD/USD rebounded sharply, invalidating earlier breakdown and breaking above the resistance zone. Will we see further improvement in the near future?

  • Forex Trading Alert: Will GBP/USD Correct to 1,6880?

    June 18, 2014, 8:46 AM

    The minutes of the Bank of England showed that the monetary policy committee voted unanimously to leave interest rates on hold at their record low of 0.5% in June. As a result, the British pound moved lower against the U.S. dollar, declining below yesterday’s low. Will we see further deterioration and a drop to the nearest Fibonacci retracement?

  • Forex Trading Alert: AUD/USD - The News Is Negative

    June 17, 2014, 4:08 PM

    Earlier today, the Australian dollar declined against its U.S. counterpart after the Reserve Bank of Australia comments. Later in the day, we saw further deterioration as the Labor Department reported that the U.S. CPI rose 2.1% on year in May (and 0.4% from April). This the fastest increase in annual inflation since October 2008 sparked demand for the greenback and pushed AUD/USD below two important support lines. How low could the exchange rate drop from here?

  • Forex Trading Alert: EUR/USD - More Strength on the Way?

    June 16, 2014, 12:40 PM

    Earlier today, the Federal Reserve Bank of New York reported that manufacturing activity in the Empire state expanded more quickly than expected this month. Additionally, U.S. industrial production rose by a seasonally adjusted 0.6% last month, beating forecasts for a 0.5% gain. Despite these numbers, the greenback moved lower against the euro as concerns over the conflict in Iraq overweighed this positive news. In this way, the common currency climbed to its important upside target. Will we see a breakout in the near future?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 13, 2014, 4:22 PM

    Today, the U.S. currency moved higher against major currencies after official data showed that U.S. producer price inflation fell 0.2% in May, beating expectations for a 0.1% rise. Core producer price inflation (without food, energy and trade) slipped 0.1% last month, compared to expectations of 0.1% gain. As a result, EUR/USD declined to its major support lines, AUD/USD invalidated the breakout above the resistance zone, while USD/JPY erased all yesterday’s losses. How did these numbers influenced technical picture of other major currency pairs?

  • Forex Trading Alert: AUD/USD – For The Currency Bulls or Bears?

    June 12, 2014, 11:04 AM

    Official data showed that the number of employed people in Australia declined by 4,800 in the previous month, contrary to expectations of a 10,000 rise. Thanks to these disappointing numbers, the Australian dollar declined against its U.S. counterpart, reaching an important medium-term support. Later in the day, AUD/USD rebounded from here, supported by mixed U.S. economic data. As a result, the pair broke above the resistance zone, but is the situation as bullish as it seems at the first glance?

  • Forex Trading Alert: EUR/USD – Battle of the Support Line. Who Will Win?

    June 11, 2014, 2:21 PM

    Today, the common currency extended losses and approached the four-month low against the greenback as higher U.S. Treasury yields continued to weigh. Thanks to these circumstances, EUR/USD re-tested the strength of the medium-term support line. Will it withstand the selling pressure?

  • Forex Trading Alert: EUR/USD – Currency Bears in Charge

    June 10, 2014, 2:50 PM

    Today, the common currency continued to move lower against the greenback as Treasury yields in the U.S. continued to rise. In reaction to this, EUR/USD declined below 1.3600 and reached important support lines. Will they stop currency bears?

  • Forex Trading Alert: The USD Index – Long- Medium- and Short-term Outlooks

    June 9, 2014, 3:31 PM

    In today’s Forex Trading Alert we have decided to take a step back from our daily coverage of selected currency pairs (basically, what we wrote in the latest big alert that was posted on Friday remains up-to-date) and focus on the index that quite often decides where many pairs will move – the USD Index.

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 6, 2014, 3:37 PM

    The greenback moved higher against major currencies after the U.S. Labor Department reported that the economy added 217,000 in May, missing slightly expectations for a 218,000 gain. The private sector added 216,000 jobs last month, beating expectations for a 210,000 increase. The report also showed that the U.S. unemployment rate remained unchanged at 6.3% last month, compared to expectations for a rise to 6.4%. As a result, EUR/USD hit a 17-week low, GBP/USD invalidated the breakout , while AUD/USD reversed to its medium-trm support. How did these numbers influenced technical picture of other major currency pairs?

  • Forex Trading Alert: Consolidation in EUR/USD – Sign of Strength or Last Breath Before Further Deterioration?

    June 5, 2014, 10:42 AM

    Earlier today, official data showed that retail sales in the euro zone rose 0.4% in April, beating expectations of a 0.1% uptick. Additionally, a separate report showed that German factory orders rose 3.1% in April, well above expectations for a 1.3% increase, after a 2.8% decline the previous month. Thanks to this news, EUR/USD rebounded from the previous session’s low. Does this upswing change the very short-term outlook?

  • Forex Trading Alert: USD/CAD – Breakout or Fakeout?

    June 4, 2014, 2:22 PM

    Earlier today, the U.S. dollar moved higher against its Canadian counterpart after the Bank of Canada left its interest rates unchanged. Additionally, official data showed that Canada's trade balance swung into a deficit of C$0.64 billion in April (while analysts had expected the trade surplus to narrow to C$0.10 billion), which also had a negative impact on the loonie. Thanks to these circumstances, USD/CAD climbed to a one-month high, breaking above an important resistance level. Will we see further rally in the near future?

  • Forex Trading Alert: AUD/USD – One-day Rally or Something More?

    June 3, 2014, 7:54 AM

    Earlier today, the Australian dollar rebounded against the greenback after the Reserve Bank of Australia kept its cash rate steady at a record low 2.5%. Thanks to this news, AUD/USD bounced off the support zone, hitting an intraday high of 0.9285. Did this rally change the very short-term picture?

  • Forex Trading Alert: EUR/USD – Time for a Recovery?

    June 2, 2014, 1:23 PM

    Earlier today, the Institute of Supply Management reported that its manufacturing PMI ticked down to 53.2 in the previous month, missing expectations for a rise to 55.5. Despite this disappointing data, the common currency remains under pressure as forex traders remains cautious ahead of the European Central Bank's monthly policy meeting later this week. Because of these circumstances, EUR/USD is still trading between the support and resistance zone. Which of them will be stronger and trigger another sizable move?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 30, 2014, 4:28 PM

    Earlier today, the euro moved higher against the U.S. dollar after the release of mixed consumer sentiment and personal spending reports, approaching the previously-broken resistance. Meanwhile, USD/CHF moved lower, breaking below important support line. What impact did these moves have on the short-term outlook? Did they weighed on the medium-term picture?

  • Forex Trading Alert: Will GBP/USD Plunge Again?

    May 29, 2014, 11:12 AM

    Earlier today, the Bureau of Economic Analysis reported that U.S. gross domestic product in the first quarter declined for the first time since the first quarter of 2011. Despite this bearish data, the report also showed that consumer spending increased by 3.1%, indicating that economic activity has rebounded. Additionally, the Department of Labor showed in its weekly report that initial claims for jobless benefits in the U.S. last week fell by 27,000 to 300,000, beating expectations for a decline of 9,000. Thanks to these better-than-expected numbers, the U.S. dollar bounced off the session low, pushing the British pound below the 50% Fibonacci retracement once again. Will this decline trigger further deterioration?

  • Forex Trading Alert: GBP/USD - Will It Correct to 1,6700?

    May 28, 2014, 10:02 AM

    Earlier today, the Confederation of British Industry showed that U.K. retail sales slowed this month, declining to 16.0 from 30.0 in April. In reaction to this disappointing data, the pound dropped to a 2-week low against the U.S. dollar and broke below major support. What’s next? Will we see GBP/USD around 1.6700 in the coming days?

  • Forex Trading Alert: EUR/USD – Currency Bears are Still in Charge

    May 27, 2014, 1:37 PM

    The euro declined against the U.S. dollar as positive housing and consumer confidence data supported the greenback. Earlier today, the Commerce Department reported that core durable goods orders (without volatile transportation items) increase 0.1% in April, missing expectations for a 0.3% increase. Despite this disappointing data, U.S. durable goods orders rose 0.8% in the previous month, beating expectations for a 0.5% fall. Additionally, the Conference Board reported that its consumer confidence index rose to 83.0 this month from 81.7 in April, while the Standard & Poor’s/ Case-Shiller house price index rose 12.4% in March from a year earlier, above expectations for a gain of 11.8%. Thanks to these solid numbers, the common currency dropped to its nearest support zone. Will it withstand the selling pressure once again?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 23, 2014, 11:10 AM

    Earlier today the euro extended losses, hitting a fresh over 3-month low against the U.S dollar as yesterday’s disappointing euro zone data continued to weigh. Meanwhile, USD/JPY and USD/CHF moved higher, breaking above important resistance lines. What impact did these moves have on the short-term outlook? Did they weighed on the medium-term picture?

  • Forex Trading Alert: AUD/USD - Keep Focused

    May 22, 2014, 1:12 PM

    Earlier today, the Melbourne Institute reported that inflation expectations for the next 12 months rose in April to 4.4% in April (from 4.2% in March), which supported the Aussie. Additionally, positive manufacturing data from Australia's biggest export partner – China pushed the Australian dollar higher against its U.S. counterpart. As a result, AUD/USD climbed above the medium-term support/resistance line. However, in the following hours the pair reversed and declined. What does this show of strength mean for the short-term picture?

  • Forex Trading Alert: USD/JPY – Breakdown or Rebound?

    May 21, 2014, 10:42 AM

    Earlier today, the Bank of Japan left monetary policy on hold (the central bank will continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year), refraining from enlarging its stimulus program. Additionally, official data showed that Japan’s trade deficit narrowed to ¥808.9 billion, compared to a forecast of a deficit of ¥640.0 billion. In reaction to this news, the U.S. dollar hit a 3-1/2 month low against yen and declined below its nearest support level, approaching the February low. What’s next? Breakdown or rebound?

  • Forex Trading Alert: AUD/USD - Double Trouble

    May 20, 2014, 10:20 AM

    Earlier today, the minutes of the RBA's May policy meeting showed that the bank plans to hold interest rates at record lows for an extended period of time. Additionally, the Conference Board reported that its index for Australia was flat in March, after a 0.2% rise in February. In reaction to this disappointing news, the Australian dollar dropped to a 2-week low against its U.S. counterpart, declining below two important support levels. Does this mean that investors’ sentiment is deteriorating and we’ll see AUD/USD lower?

  • Forex Trading Alert: USD/JPY - More Weakness on the Way?

    May 19, 2014, 3:24 PM

    On Friday, the greenback shuffled between gains and losses as investors weighed mixed U.S. economic reports. Although upbeat numbers from the housing sector gave the U.S. currency support, another report softened the U.S. dollar, showing that consumer confidence in the U.S. deteriorated in May. Thanks to these circumstances, investors avoided the greenback today and remained cautious ahead of the Wednesday release of the Federal Reserve's minutes. As a result, the U.S. currency declined to a 3-month low against the yen and approached its next support. Will it withstand bears’ charge?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 16, 2014, 4:27 PM

    Earlier today, the greenback shuffled between gains and losses as investors weighed mixed U.S. economic reports. On one hand, the preliminary Thomson Reuters/University of Michigan consumer sentiment index fell to 81.8 in May from 84.1 in April, missing market expectations for a 84.5 reading, which softened the U.S. currency. On the other hand, better-than-expected numbers from the housing sector gave the greenback support. The Census Bureau reported that U.S. building permits rose 8% to 1.080 million units last month (while analysts had expected an increase to 1.010 million units in April) and housing starts rose to 1.072 million units in April, beating expectations of 980,000 gain. As a result, major currency pairs were little changed. Is it calm before the storm?

  • Forex Trading Alert: EUR/USD – Currency Bears in Charge

    May 15, 2014, 3:14 PM

    Earlier today, the combination of positive economic indicators in the U.S. pushed the euro to a 11-week low against the greenback. Thanks to this news, EUR/USD slipped to important support levels. Will they withstand the selling pressure and trigger a corrective upswing in the following days? Or maybe today’s show of weakness means that the worst for the common currency is not behind us?

  • Forex Trading Alert: Will AUD/USD Plunge Again?

    May 14, 2014, 1:19 PM

    On Tuesday, Australia's Treasury's budget report showed that the deficit was forecast to fall from A$50 billion to A$30 billion, which pushed the Aussie higher. Earlier today, the Australian dollar extended gains and climbed to 1-month high against its U.S. counterpart. In this way, AUD/USD broke above the nearest resistance zone, approaching April high. Whether the situation is as bullish as it looks at the first glance?

  • Forex Trading Alert: EUR/USD - A Gift for Currency Bears

    May 13, 2014, 4:13 PM

    Earlier today, the ZEW Institute showed that its index of German economic sentiment fell to a 16-month low this month. Additionally, the ZEW Institute reported that its economic sentiment index for the entire euro zone also moved down to 55.2 in May, from a reading of 61.2 the previous month. These disappointing numbers pushed the common currency to a 1-month low against the U.S. dollar. In this way, EUR/USD dropped to its downside target, but is it enough to trigger a corrective upswing?

  • Forex Trading Alert: AUD/USD - Consolidation Or Slowdown?

    May 12, 2014, 3:32 PM

    Although the National Australia Bank reported earlier today that its business confidence index rose to 6 in April (from a reading of 4 in March), the Australian dollar was almost unchanged against its U.S. counterpart. Does this lack of reaction suggest upcoming weakness in AUD/USD?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 9, 2014, 4:13 PM

    Today, the U.S. dollar moved higher against major currencies as ongoing concerns over tensions in Ukraine and upbeat U.S. jobless claims data released yesterday supported the greenback. As a result, EUR/USD declined sharply, breaking below its initial downside targets, while GBP/USD dropped below major medium-term support. Additionally, the Australian dollar slipped under the key resistance zone. Does this show of weakness mean that the worst for the U.S. currency is behind us? Where the major currency pairs head in the coming week?

  • Forex Trading Alert: High Volatility in the EUR/USD Pair

    May 8, 2014, 4:20 PM

    Earlier today, the euro moved higher after the European Central Bank left its benchmark interest rate unchanged at the record low of 0.25%. However, an acceleration of the rally came after U.S. Department of Labor showed that initial claims for jobless benefits in the week ending May 3 fell more than expected. Thanks to these disappointing numbers, EUR/USD hit a fresh 2014 high and approached the key level of 1.4000. Despite this improvement, the exchange rate reversed quickly and declined, erasing all earlier gains. Does this sharp drop suggest that the uptrend might be over?

  • Forex Trading Alert: Another Sell Signal Approaching

    May 7, 2014, 2:10 PM

    On Tuesday, the common currency hit a 8-week high against the U.S. dollar as the combination of the euro zone's service-sector PMI, better-than-expected retail sales and disappointing U.S. trade data weighted on the exchange rate. In reaction to these circumstances, EUR/USD approached the annual high and is currently trading in the narrow range. What’s next? Will the USD Index give us any interesting clues?

  • Forex Trading Alert: Disappointing U.S. Data and Its Implications for Greenback’s Counterparts

    May 6, 2014, 3:54 PM

    Earlier today, the U.S. dollar moved lower against its Canadian and Australian counterparts after official data showed that the U.S. trade deficit narrowed to $40.38 billion in March, from $41.87 billion in February, missing analysts expectations. In reaction to this news AUD/USD and USD/CAD moved sharply and approached their important levels. Did these circumstances change the outlook for both currency pairs?

  • Forex Trading Alert: EUR/USD – Final Pause Before Big Price Swings

    May 5, 2014, 3:54 PM

    Earlier today, the Institute of Supply Management showed that its non-manufacturing purchasing managers' index climbed to a 5-month high of 55.2 in the previous month, beating expectations for an increase to 54.1. As it turned out, this strong U.S. service sector data did little to weaken the common currency. Basically, today’s session in the EUR/USD exchange rate can be described as “flat”. This doesn’t mean that the next big move is not on the horizon – the opposite seems to be the case.

  • Forex Trading Alert: Plunging Euro and Rising Dollar or Vice Versa?

    May 2, 2014, 1:21 PM

    Earlier today, the U.S. dollar moved higher against the common currency after strong U.S. employment data. The Labor Department showed that the U.S. economy added 288,000 jobs in the previous month, well above expectations for a 210,000 increase. The report also showed that the U.S. unemployment rate dropped to 6.3% in April, while analysts had expected a fall to 6.6%. In reaction to these better-than-expected numbers, the euro declined sharply, approaching its important support. Will history repeat itself once again?

  • Forex Trading Alert: USD/CHF – Strong Bearish Action

    April 30, 2014, 2:50 PM

    Earlier today, the U.S. currency moved lower after data showed that U.S. gross domestic product rose at an annual rate of 0.1% in the first quarter, well below expectations for a 1.2% growth. In reaction to this, the greenback declined sharply against the Swiss franc and reached the long-term support line once again. Will it withstand the selling pressure in the following days?

  • Forex Trading Alert: EUR/USD – Will Another Fakeout Trigger a Sizable Move?

    April 29, 2014, 12:05 PM

    Earlier today, the euro declined sharply from almost two-week high against the U.S. dollar after preliminary data showed that German consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis (while analysts had expected a monthly decline of 0.1% and an annual increase of 1.4%). Did this weakness change anything in the short-term outlook?

  • Forex Trading Alert: Taking Advantage of USD Index’s Movement

    April 28, 2014, 4:26 PM

    Earlier today, the U.S. dollar moved higher against major currencies after data showed that U.S. pending home sales rose for the first time in nine months in March. The currency exchange rates that together create the USD Index contributed in different ways. One of them even currently provides a trading opportunity in our view. Which one? Let’s take a closer look.

  • Forex Trading Alert: GBP/USD - Ready for New High?

    April 25, 2014, 11:03 AM

    Earlier today, the British pound moved higher against the U.S. dollar after data showed that U.K. retail sales rose 0.1% in March, beating expectations for a 0.4% drop. Despite these encouraging numbers, GBP/USD is still trading between the medium-term support and the 2014 high. Are there any technical factors that could drive the exchange rate higher or lower in the near future?

  • Forex Trading Alert: U.S. Dollar’s Increase and Its Implications for AUD/USD

    April 24, 2014, 4:02 PM

    Earlier today, U.S. dollar increased against major currencies after the Commerce Department showed that U.S. orders for long lasting manufactured goods rose 2.6% in March, beating expectations for a 2% gain. Additionally, core durable goods orders (without volatile transportation items) increased 2% in the previous month, well above forecasts for a 0.6% gain. Because of these better-than-expected numbers, AUD/USD broke below important support lines. Does this drop change the outlook for the exchange rate?

  • Forex Trading Alert: Weak U.S. Housing Data Supports Euro

    April 23, 2014, 3:14 PM

    Earlier today, the common currency moved higher against the U.S. dollar after data showed that the euro zone manufacturing PMI rose to 53.3 in April from 53.0 in the previous month (while analysts had expected an unchanged reading). Later in the day, the Commerce Department showed that sales on new homes dropped 14.5%, which supported the euro as well. Whether these positive numbers are in line with the technical picture of EUR/USD?

  • Forex Trading Alert: Is Consolidation in EUR/USD a Sign of Strength?

    April 22, 2014, 3:13 PM

    Earlier today, the euro moved lower against the U.S. dollar after data showed that existing home sales fell by 0.2% in the previous month to 4.59 million units, beating expectations for 4.55 million units. In reaction to this, the common currency approached an important support line once again. What impact could it have on future price moves?

  • Forex Trading Alert: GBP/USD – Trend Reversal or Just a Pullback?

    April 18, 2014, 12:22 PM

    Yesterday, the British pound declined against the U.S. dollar and invalidated the breakout above the previous 2014 high. This was a bearish signal and we have seen its effects earlier today as GBP/USD extended losses. Does this mean that investor sentiment waned? Could we see a sizable downswing in the near future?

  • Forex Trading Alert: GBP/USD – Breakout or Fakeout?

    April 17, 2014, 4:00 PM

    Earlier today, the British pound extended gains and hit a 4-1/2 year high against the greenback as upbeat U.K. employment data released on Wednesday still weighted on the pair. Thanks to these circumstances, GBP/USD broke above the important resistance zone. Despite this bullish sign, the exchange rate reversed. Will the buyers manage to close the day above the previous 2014 high?

  • Forex Trading Alert: Will GBP/USD Climb Any Further?

    April 16, 2014, 2:04 PM

    Earlier today, the British pound rebounded sharply after data showed that the U.K. unemployment rate drop to a five year low of 6.9% in the three months to February. In reaction to this, GBP/USD almost touched a 4-year high. Will we see further rally or rather a triple top?

  • Forex Trading Alert: EUR/USD – Battle of the Support Line. Who Will Win?

    April 15, 2014, 4:02 PM

    The common currency declined against the U.S. dollar after stronger-than-expected U.S. economic data. Earlier today, the Labor Department showed that the CPI rose 0.2% in March (above expectations for a 0.1% increase), while the core consumer price index (without volatile food and energy items) rose 0.2% last month (also above forecast of a 0.1% gain). Thanks to these better-than-expected numbers, the exchange rate tested the strength of the major support line. Will it stop sellers?

  • Forex Trading Alert: GBP/USD – The First Downside Target Reached. What’s next?

    April 14, 2014, 3:48 PM

    Earlier today, the British pound moved lower against the U.S. dollar after data showed that retail sales rose 1.1% in March (above expectations for a 0.8% rise) and core retail sales (without automobiles) rose 0.7% last month (analysts had expected 0.5% increase). Thanks to these better-than-expected numbers, cable declined to its initial downside target. What’s next? Will it drop any further?

  • Forex Trading Alert: Is EUR/USD Ready for Further Growth?

    April 11, 2014, 3:19 PM

    Earlier today, the common currency moved higher against the U.S. dollar boosted by Greece's successful return to the financial markets. Despite this positive fundamental factor, the EUR/USD pair remains below the resistance zone. What’s next?

  • Forex Trading Alert: GBP/USD - Double Top or Further Rally?

    April 10, 2014, 2:32 PM

    Earlier today, the greenback moved higher against the British pound after better-than-expected jobless claims data, which showed that the number of people filing for initial jobless benefits in the week ending April 4 declined to an almost seven year low. Will this drop in British currency trigger a bigger correction? What is the technical picture of cable? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: AUD/USD Breaks Above Resistance – Will Other Pairs Follow?

    April 8, 2014, 4:04 PM

    Similarly to what we saw yesterday, the greenback declined against major currencies as it remained under pressure ahead of tomorrow Federal Reserve minutes. Thanks to this drop, the Australian dollar broke above the previous 2014 high. Will this breakout be confirmed? Will AUD/USD rally much further? If you want to know our take on these questions, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Lower

    April 7, 2014, 3:57 PM

    Earlier today, the U.S. currency extended declines against the Swiss franc and invalidated Friday’s breakout. Is it as bearish as it seems at first glance? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    April 4, 2014, 12:22 PM

    The U.S. currency moved higher and then reversed sharply after the Labor Department showed that the U.S. economy added 192,000 jobs in March, missing expectations for a 200,000 increase. The report also showed that the unemployment rate remained unchanged at 6.7% in the previous month (also below expectations for a drop to 6.6%). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    April 3, 2014, 3:10 PM

    Earlier today, the U.S. currency moved higher against the euro as the European Central Bank left its benchmark interest rate unchanged (at a record-low 0.25%) and later ECB President Mario Draghi comments weighted on the common currency. What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds

    April 2, 2014, 2:37 PM

    Earlier today, the U.S. currency moved higher against major currencies after the ADP report showed that the U.S. private sector added 191,000 jobs in March (slightly below expectations for an increase of 195,000). In the following hours, the greenback extended gains after the Commerce Department showed that U.S. factory orders increased 1.6% in February (above forecasts for a 1.2% rise). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    April 1, 2014, 7:55 AM

    Earlier today, the U.S. currency moved higher against the British pound after data showed that U.K. manufacturing PMI fell to an eight-month low of 55.3 in March (from 56.2 in February), while analysts had expected an increase to 56.7. Meanwhile, the U.S. dollar declined against its Australian counterpart after the Reserve Bank of Australia left interest rates unchanged. Will today’s U.S. economic reports support the greenback later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gives Up Earlier Gains

    March 31, 2014, 3:10 PM

    The U.S. currency moved lower after data showed that the Chicago PMI fell to 55.9 in March (from 59.8 in February), while analysts had expected a drop to 59.0 this month. Additionally, the greenback extended losses after Federal Reserve Chair Janet Yellen commentary. Ms. Yellen said that the Fed’s commitment to economic stimulus will still be needed for some time as “considerable slack” still remained in the labor market. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed After Economic Data

    March 28, 2014, 12:23 PM

    The U.S. currency moved higher after data showed that U.S. personal spending rose 0.3% in February (in line with expectations), while the core PCE price index remained unchanged at 0.1% last month (also in line with expectations). Despite these positive numbers, the greenback gave up some gains after the University of Michigan reported that its consumer sentiment index moved to 80.0 in March, while analysts had expected an increase to 80.5 this month. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Higher After Solid Economic Data

    March 27, 2014, 1:22 PM

    The U.S. currency moved higher after data showed that U.S. jobless claims declined by 10,000 (while analysts had expected an increase of 4,000) and fell to the lowest level since late November last week. Additionally, official data showed that U.S. economic fourth quarter growth was revised up to 2.6% from a preliminary estimate of 2.4%. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Steady

    March 26, 2014, 4:05 PM

    Earlier today, the U.S. currency moved higher after the Commerce Department showed stronger-than-expected data on U.S. durable goods orders, which rose 2.2% last month (above expectations for a 1% increase). Meanwhile, core durable goods orders (without transportation items) moved up 0.2%, slightly below forecasts for a 0.3% gain. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Steady

    March 25, 2014, 12:14 PM

    Earlier today, the U.S. currency moved higher after the Conference Board showed that its index of consumer confidence climbed to 82.3 in March (the highest level since January 2008). Despite this positive data, the greenback reversed after the Commerce Department reported that new home sales fell by 3.3% in February to the weakest level since last September, suggesting continued weakness in the housing sector. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Higher

    March 24, 2014, 2:51 PM

    Earlier today, the greenback moved higher against the euro after data showed that the preliminary reading of Germany’s manufacturing PMI dropped to a four-month low of 53.8 in March (below forecasts of 54.6). What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Gains

    March 21, 2014, 1:28 PM

    Earlier today, the greenback moved lower against the Canadian dollar after the release of better-than-expected Canadian inflation and retail sales data. What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains After Jobless Claims Data

    March 20, 2014, 4:41 PM

    The U.S. dollar moved higher against major currency pairs after better-than-expected initial jobless claims data. Earlier today, the Department of Labor showed in its report that initial claims for jobless benefits in the week ending March 15 rose by 5,000 to 320,000 from the previous week’s total of 315,000 000, while analysts had expected an increase of 10,000. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    March 19, 2014, 4:21 PM

    The U.S. dollar moved higher against major currency pairs after the Fed said it would reduce its monthly bond purchases by another $10 billion a month in April, to $55 billion. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds Slightly

    March 18, 2014, 12:57 PM

    Earlier today, the U.S. dollar increased against the British pound to nearly five-week high after U.S. economic data, which showed that the number of building permits issued in the U.S. rose to a four-month high in February, rebounding after a sharp drop in January. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines After Disappointing U.S. Data

    March 17, 2014, 1:52 PM

    Earlier today, the U.S. dollar dropped after disappointing U.S. manufacturing activity data. The Federal Reserve Bank of New York said that its Empire State manufacturing index moved higher to 5.6 this month, from a reading of 4.5 in February, missing expectations for a rise to 6. Although today’s data also showed that U.S. industrial production rose 0.6% in February (beating expectations for a 0.1% increase), the greenback extended losses and approached its monthly low once again. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops After Disappointing U.S. Data

    March 14, 2014, 3:27 PM

    The U.S. dollar reversed and approached the monthly low after disappointing consumer sentiment data. Earlier today, the Thomson Reuters/University of Michigan preliminary consumer sentiment index fell to 79.9 for March, from 81.6 in the previous month (well below expectations for a rise to 82.0). Additionally, the U.S. producer price index fell 0.1% in February (also below expectations for a 0.2% rise), while core producer price inflation (which excludes food, energy and trade) slipped 0.2% last month (also below expectations for a 0.1% rise). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gains After Initial Jobless Claims Data

    March 13, 2014, 2:58 PM

    The U.S. dollar rebounded from a fresh 2014 low after stronger-than-expected data on U.S. retail sales and initial jobless claims. The Commerce Department reported that retail sales rose 0.3% in February (above expectations for an increase of 0.2%), while the Department of Labor showed in its report that initial claims for jobless benefits decreased by 9,000 (while analysts had expected an increase of 6,000) to a three month low of 315,000 last week. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    March 12, 2014, 3:21 PM

    Earlier today, the U.S. dollar increased to a two-week high against its Canadian counterpart, but declined to a fresh 2014 low against the Swiss franc. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    March 10, 2014, 1:19 PM

    The U.S. dollar climbed to a one-week high against its Canadian counterpart earlier today. The greenback also moved higher against the Australian dollar as weaker-than-expected Chinese economic data (released over the weekend) weighed on the Australian currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds

    March 7, 2014, 11:32 AM

    The U.S. dollar erased some losses against major currencies after stronger-than-expected U.S. employment data, which showed that the economy added 175,000 jobs in February (well above expectations for a 149,000 increase). Additionally, the U.S. private sector added 162,000 jobs last month (beating expectations for a 154,000 rise). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Sharply

    March 6, 2014, 2:55 PM

    Although better-than-expected U.S. jobless claims data gave the U.S. dollar some support, the greenback declined sharply against the euro after ECB President Mario Draghi confirmed that the bank left its benchmark interest rate unchanged at 0.5% as recent data indicated moderate economic recovery in the euro zone. In this way, the U.S. currency dropped to its lowest level this year against the common currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Climbs Higher

    March 5, 2014, 1:07 PM

    Earlier today, the U.S. dollar moved higher against major currencies despite disappointing economic data, which showed that the U.S. private sector added 139,000 jobs in February (below expectations for an increase of 160,000). However, the greenback gave up some gains after the Institute of Supply Management reported that its services purchasing manager's index fell to a 43-month low of 51.6 last month from 54.0 in January (while analysts had expected a drop to 53.5 in February). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    March 4, 2014, 10:20 AM

    Earlier today, the U.S. dollar moved higher against major currencies as tensions over the military action in Ukraine eased after Russian President Vladimir Putin statement. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses

    March 3, 2014, 3:11 PM

    Earlier today, the U.S. dollar moved higher after positive economic data. The Commerce Department reported that personal spending rose 0.4% (above expectations for an increase of 0.1%) and personal income rose 0.3% (also above expectations for a 0.2% increase. Additionally, the core PCE price index rose 0.1% in line with expectations. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 28, 2014, 1:51 PM

    Earlier today, the U.S. dollar declined sharply against the euro after the release of positive euro zone economic reports, which supported demand for the common currency. Later in the day, the greenback extended losses against the euro and dropped to its lowest level since the beginning of the year after preliminary data showed that the U.S. gross domestic product rose 2.4% in the fourth quarter, missing expectations for a 2.5% growth. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 27, 2014, 2:15 PM

    Earlier today, the U.S. currency moved higher after the Commerce Department showed that durable goods orders fell less than expected in January. Additionally, core durable goods orders (without transportation items) rose 1.1% in January, well above forecasts for a 0.3% decline (it was also the largest increase since May). Despite these positive numbers, the greenback gave up the gains and reversed after Federal Reserve Chair Janet Yellen testimony to the Senate banking committee in Washington. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gains

    February 26, 2014, 11:51 AM

    The U.S. dollar extended gains after stronger-than-expected U.S. home sales data. Earlier today, the Commerce Department showed that new home sales rose 9.6% to 468,000 units in January, while analysts had expected a 1% drop to 400,000. What impact did this largest increase in five-and-a-half years has on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 25, 2014, 11:23 AM

    The U.S. currency declined once again against the euro and approached a seven-week low earlier today. Will today’s U.S. economic reports support the greenback later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 24, 2014, 1:28 PM

    Earlier today, the U.S. dollar declined to slightly above a seven-week low against the euro after the IFO German business climate index increased to 111.3 in February, the highest level since mid-2011. However , in the following hours the greenback erased some losses against the common currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 21, 2014, 1:16 PM

    The greenback moved lower against the euro after the release of U.S. home sales missed analysts' forecasts. The National Association of Realtors said that U.S. existing home sales declined 5.1% to 4.62 million units last month (while analysts had expected a 4.3% drop to 4.68 million units). What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Losses

    February 20, 2014, 12:21 PM

    The U.S. currency moved higher against the major currencies after solid U.S. economic data. Earlier today, the preliminary U.S. PMI increased to 56.7 in February from a final reading of 53.7 in January (while analysts had expected a drop to 53.0 this month). Additionally, the Labor Department said in its report that initial claims for jobless benefits fell by 3,000 to 336,000 ( slightly below expectations for a decline of 4,000), while U.S. consumer prices rose 1.6% on a year-over-year basis in January and core consumer prices (without food and energy costs) were also up 1.6% on a year-over-year basis (both in line with expectations). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 19, 2014, 9:30 AM

    Earlier today, the U.S. dollar was trading slightly above a seven-week low against the euro as yesterday’s weaker-than-expected U.S. data pushed the U.S. currency lower. However, the greenback moved higher against the British pound after data showed that the U.K. unemployment rate unexpectedly ticked higher (while analysts had expected that the jobless rate remain unchanged). Will today’s minutes from the Federal Reserve’s January meeting support the U.S. currency later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines

    February 18, 2014, 12:50 PM

    The greenback declined against major currencies after the New York Federal Reserve's Empire State index of manufacturing activity for February dropped to 4.48 this month from a 20-month high of 12.51 in January (while analysts had expected the index to decline to 9.00). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    February 17, 2014, 12:18 PM

    The U.S. currency was little changed near recent lows against major currencies as U.S. markets are shut for the President’s Day holiday and trade volumes remain thin. Nevertheless, it’s worth noting that the greenback declined to a four-year low against the British pound earlier today. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Losses

    February 14, 2014, 12:37 PM

    The U.S. dollar moved little higher against major currencies after a positive U.S. consumer sentiment report. Earlier today, the University of Michigan showed that its consumer sentiment index remained unchanged at 81.2 this month, beating expectations for a fall to 80.6. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines

    February 13, 2014, 2:13 PM

    The U.S. dollar moved lower against major currencies after weaker-than-expected U.S. retail sales numbers for January and an increase in the number of new unemployment claims. The Commerce Department said that U.S. retail sales fell 0.4% last month (missing expectations for a 0.3% increase), while the Labor Department said in its report that initial claims for jobless benefits rose by 8,000 to 339,000 from the previous week’s total of 331,000 (analysts had expected jobless claims to fall by 1,000). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 12, 2014, 3:50 PM

    Earlier today, the U.S. dollar moved higher against the euro after ECB member Benoit Coeure said that the bank is considering a negative deposit rate. The greenback was little changed against the Japanese yen, but declined sharply against the British pound after the Bank of England upgraded its forward guidance on rates. What happened with other major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 11, 2014, 12:12 PM

    The U.S. dollar remains mixed against major currencies after Federal Reserve Chair Janet Yellen signaled that recent soft economic data haven't swayed the central bank from a strategy of trimming its monthly bond purchases by $10 billion at each of its policy meetings this year. What impact did this event have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 10, 2014, 1:13 PM

    Earlier today, the U.S. dollar was little changed against major currencies as market participants are awaiting Federal Reserve Chairman Janet Yellen's testimony on the bank’s semiannual monetary policy report on Tuesday. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 7, 2014, 1:49 PM

    The U.S. dollar moved lower against major currencies after a monthly U.S. employment report came in weaker than expected. Earlier today, the U.S. Labor Department showed that 113,000 jobs were added in January (well below expectations for a 185,000 increase). The report also showed that 142,000 jobs were added in the U.S. private sector last month, below the 189,000 that economists had expected. What impact did these lower-than-expected numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 6, 2014, 11:55 AM

    Earlier today, the British pound remained steady against the dollar as the Bank of England left interest rates at record lows of 0.5%. Meanwhile, the euro declined against the U.S. currency despite the European Central Bank decided to leave its interest rates on hold (at their record low of 0.25%). However, it reversed after a disappointing U.S. trade balance reading. The greenback was little changed against the Japanese yen, but declined sharply against the Swiss franc. What happened with the AUD/USD pair? The Aussie climbed to three-and-a-half week high against its U.S. counterpart boosted by an unexpected trade surplus in December and better-than-expected retail sales. Additionally, the National Australia Bank said that its business confidence index rose to 8 in the fourth quarter from a reading of 5 in the third quarter. What is the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 5, 2014, 12:10 PM

    Earlier today, the U.S. currency moved lower against the euro after data showed that the euro zone's private sector posted its strongest growth in more than two-and-a half years in January. The greenback also declined against the yen and its Canadian counterpart. Meanwhile, the U.S. dollar increased against the British pound after data showed that the U.K. services PMI for January dropped to a seven-month low of 58.3. The U.S. currency also improved against the Swiss franc and the Australian dollar. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 4, 2014, 2:53 PM

    Earlier today, the U.S. currency erased some losses against the euro, yen and Swiss franc. However, the greenback moved lower against the British after data showed that construction output in the U.K. rose at the fastest rate since August 2007 in January, suggesting that the economic recovery is continuing. The U.S. dollar also declined against its Australian counterpart after the Reserve Bank of Australia left rates on hold at 2.5%. What impact did these numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 3, 2014, 2:40 PM

    Earlier today, the greenback moved lower against most of major currencies after weaker-than expected U.S. economic data which showed that U.S. manufacturing PMI dropped to 53.7 in January (from December's 55.0). Additionally, the Institute for Supply Management’s manufacturing index fell to a seven-month low in January. What impact did these numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains Against Major Currencies

    January 31, 2014, 9:59 AM

    Although the greenback declined against the Japanese Yen, the U.S. currency improved against other major currencies hitting a fresh January high against the euro and its Canadian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rises Against Major Currencies

    January 30, 2014, 12:30 PM

    Earlier today, the U.S. currency moved higher against most of major currencies as the Commerce Department showed that the U.S. economy expanded 3.2% in the fourth quarter, which fueled demand for the greenback. This positive news for the U.S. dollar came one day after the Federal Reserve reduced bond purchases to $65 billion a month showing that neither a disappointing December jobs report nor recent turmoil in emerging markets was enough to diminish their positive outlook for the U.S. economy. What impact did these events have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    January 29, 2014, 12:49 PM

    Earlier today, the U.S. currency declined against most of major currencies as concerns over economic growth in emerging markets weighed on investor sentiment ahead of the Federal Reserve’s policy statement later in the day. What impact did these circumstances have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses

    January 28, 2014, 9:49 AM

    Earlier today, the U.S. currency rose against most of major currencies as expectations that the Federal Reserve will continue to scale back stimulus program this week fueled demand for the greenback. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    January 27, 2014, 12:22 PM

    Earlier today, the greenback moved higher against the euro, the yen and the Swiss franc. Nevertheless, the U.S. currency declined against the British pound, Canadian dollar and its Australian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    January 24, 2014, 2:00 PM

    Earlier today, the greenback moved higher against the euro, the British pound and its Australian counterpart. However, the U.S. currency declined against the Swiss franc, yen and its Canadian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops Against Major Currencies

    January 23, 2014, 10:58 AM

    Earlier today, the U.S. currency moved sharply lower against European currencies. The euro rebounded sharply after stronger-than-expected data on eurozone private sector activity. The British pound extended gains and climbed to its highest level since Aug. 2011 after a sharper than expected fall in the U.K. unemployment rate. Meanwhile, the Swiss franc improved significantly after the government moved to curb mortgage lending. What impact did these moves have on major currency pairs? What happened with USD/JPY, USD/CAD and AUD/USD at the same time? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    January 22, 2014, 12:32 PM

    Earlier today, the U.S. currency was steady against the euro, Swiss franc and yen. Meanwhile, the British pound extended gains after data showed that the U.K. unemployment rate fell to 7.1% in November (it was the largest drop in unemployment since 1997). Thanks to this news, the pound climbed to a three-week high against the greenback. Another currency that increased against the U.S. dollar was its Australian counterpart. The Australian dollar rebounded sharply after better-than-expected fourth quarter inflation data. What happened with our last currency pair? The greenback rose to a four-year highs against the Canadian dollar after the Bank of Canada left interest rates unchanged. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses Against Major Currencies

    January 21, 2014, 12:50 PM

    Earlier today, the U.S. dollar moved higher against the euro after worse-than-expected data from Germany. The U.S. currency also appreciated against the Swiss franc and the yen, while the pound erased the gains against the greenback after data showed that British factory orders fell in January. Meanwhile, the U.S. dollar rose to the highest level since September 2009 against its Canadian counterpart as expectations that the Fed will continue to scale back its stimulus program at the next policy meeting on January 29 to USD65 billion, from the current USD75 billion, weighed on the exchange rate. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops Against Major Currencies

    January 20, 2014, 12:06 PM

    Earlier today, the U.S. dollar declined from a two-month high against the euro and gave up the gains against its Canadian counterpart. The greenback also slipped lower against other major currencies, however, we should keep in mind that trade volumes remain thin as markets in the U.S. are closed for a holiday. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Higher Against Major Currencies

    January 17, 2014, 11:21 AM

    Earlier today, the greenback improved against five major currencies. However, it slipped vs. the British pound after data showed that U.K. retail sales increased by 2.6% in December, far above expectations for a 0.4% rise. Speaking of economic data… The report that may improve the dollar’s outlook is the University of Michigan/Thomson Reuters consumer sentiment index for January. Will it support the U.S. Dollar in the following hours? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops after Initial Jobless Claims

    January 16, 2014, 10:21 AM

    The U.S. dollar moved lower against major currencies after a smaller-than-expected drop in the number of new unemployment claims. The Labor Department said in its report that initial claims for jobless benefits decreased by 2,000 to a seasonally adjusted 326,000 in the week ended Jan. 11 (while economists had expected 330,000 new claims for the week). It’s worth noting that this is the smallest number in six weeks. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

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