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Daily Forex Commentary

27/04/2010 | OzForex

:: United States Dollar: "The dollar benefited from a range of global financial woes yesterday, as investors flocked to safe haven securities during this period of heightened uncertainty. Economic troubles in Europe cast a bigger shadow than the Goldman fraud issue in the States, which although in ...
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Daily Forex Commentary

26/04/2010 | OzForex

:: United States Dollar: The dollar benefited from positive durable goods and housing data last week. Durable goods excluding transportation, a key indicator of future manufacturing activity, surged by 2.8% in March painting a rosy outlook for the manufacturing sector. In the housing sector, sales ...
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Daily Forex Commentary

23/04/2010 | OzForex

:: United States Dollar: The dollar firmed slightly against a basket of currencies yesterday, not necessarily on increased risk aversion but as a result of the varying torrent of news flows we had out yesterday. In the US, producer prices came in higher than expected at 0.7% (against an expectation ...
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Daily Forex Commentary

22/04/2010 | OzForex

:: United States Dollar: In the US, conditions for home buyers improved in March for the first time in four months, most likely on the back of government tax credits. Evidence of government stimulus is gradually filtering through and appearing in the form of stronger data across the board, whether ...
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Daily Forex Commentary

21/04/2010 | OzForex

:: United States Dollar: The dollar weakened slightly against a basket of currencies yesterday, as investors turned to risk purchases once more to pick up speculative yield. Trading ranges in most currencies have been very narrow, reflecting continued concerns over the global emergence from the ...
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Daily Forex Commentary

20/04/2010 | OzForex

:: United States Dollar: It was a choppy day for the dollar yesterday on the back of a range of news flows worldwide. The focus was on negative news flows however. Following on from the weekend news that Goldman Sachs, an investment bank, has recently been implicated in a fraud scandal, Goldman are ...
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Daily Forex Commentary

19/04/2010 | OzForex

:: United States Dollar: The US dollar gained some ground against a basket of currencies last week, as investors looked to shift funds into less risky assets. Continued uncertainty surrounding the economic and political outlook in a number of G10 economies has put the focus back on dollar ...
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Daily Forex Commentary

16/04/2010 | OzForex

:: United States Dollar: Cable has seen a topsey turvey 24 hours as the polls continue to have a play on the Pound. Yesterday morning saw the Conservatives lead the election polls and we saw Sterling was up at 1.5465 versus the Greenback. Sell orders took the currency pair from a ...
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Daily Forex Commentary

15/04/2010 | OzForex

:: United States Dollar: Cables early losses yesterday have been erased for the start of today’s session. Wednesday morning’s opinion polls favoring Labour and a hung parliament was the main contributor to this early slip. Sterling then picked up as the session went on. US data saw ...
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Daily Forex Commentary

14/04/2010 | OzForex

:: United States Dollar: Sterling remains strong against the Greenback. The Pound benefited during the UK session yesterday with a better than expected global goods trade balance as well as a positive reaction to the Conservatives manifesto. This saw cable peak at around 1.5440, but ...
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