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Daily Forex Commentary

26/02/2010 | OzForex

:: United States Dollar: The dollar weakened yesterday against most of the majors, but not the pound. It seems that investors are jumping on any good / bad news with increased frenzy, giving rise to what some economists describe as fickle market syndrome. Indeed, earlier this week the dollar gained ...
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Daily Forex Commentary

25/02/2010 | OzForex

:: United States Dollar: The currency markets were relatively quiet yesterday, with volatility cooling somewhat. The dollar ebbed slightly higher against the majors. In his testament to congress, Ben Bernanke, Chairman of the Federal Reserve, said that the fed funds rate (the rate at which banks ...
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Daily Forex Commentary

24/02/2010 | OzForex

:: United States Dollar: Speculation that the US Federal Reserve is likely to keep rates on hold for longer dampened demand for the dollar, which ended two days of gain against most of the majors. Fed Chairman Ben Bernanke speaks today (15:00 GMT), and is likely to talk of a prolonged period of ...
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Daily Forex Commentary

23/02/2010 | OzForex

:: United States Dollar: Yesterday was quiet in the way of data, and as a result volatility was low. The majors traded within a tight range with some small dollar selling against a basket of currencies. News out regarding the potential maintenance of ultra low interest rates in the US encouraged ...
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Daily Forex Commentary

22/02/2010 | OzForex

:: United States Dollar: The dollar finished firmer across the board last week against a basket of major currencies, as the fallout from the recent raise in the discount rate continues to dominate attention. EUR/USD traded in a 350 point range before finishing on Friday at 1.3610, which is where we ...
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Daily Forex Commentary

19/02/2010 | OzForex

:: United States Dollar: Sterling has fallen against the Greenback for this morning’s start. The Pound began its losses at the start of yesterday session with Britain posting its first budget deficit for January since monthly data began. Downbeat comments from BoE's Barker also ...
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Daily Forex Commentary

18/02/2010 | OzForex

:: United States Dollar: Sterling’s recent rise against the US dollar hasn't maintained for the start of today’s session. The Pounds losses came on the back of UK data coming in less than positive. UK January unemployment data came in worse than median forecast overall painting a ...
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Daily Forex Commentary

17/02/2010 | OzForex

:: United States Dollar: Sterling has continued to rise against the Greenback overnight. Cable had started yesterday’s session on the decline after the news that UK inflation accelerated in January to the fastest pace in 14 months. The BoE letter however showed that things weren't ...
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Daily Forex Commentary

16/02/2010 | OzForex

:: United States Dollar: Sterling has appreciated against the Greenback overnight. It was fairly flat trading for the currency pair during yesterday’s session with GBP/USD ranging between 1.5660 and 1.5700. Cable followed the Euro and Eurozone data yesterday with sell orders ...
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Daily Forex Commentary

15/02/2010 | OzForex

:: United States Dollar: Cable has dipped from Fridays highs to see a more range bound start to this morning. Since the start of February GBP/USD hasn't fallen below 1.5550 and hasn't risen above 1.5750, so this morning open at 1.5659 sees the currency pair around mid of this range. ...
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