The Dollar rallied versus all majors after Nonfarm Payrolls came out better than expected with -11K versus -119K expected and -111 K prior. The reverse correlation between U.S economic data and the Dollar prices seems to have ended. The U.S jobs market is improving and the Federal Reserve is expected to raise the rates if the improvement continues. Unemployment Rate came out 10% versus 10.2% expected and prior. NASDAQ and Dow Jones gained by 0.98% and 0.22% respectively a...

The Yen gained slightly versus the Dollar after BOJ Governor Shirakawa said he will meet Prime Minister Hatoyama to discuss the Yen and the monetary policy following recent Yen movement. Overall, USD/JPY traded with a low of 85.86 and a high of 86.85 and EUR/JPY traded with a low of 128.97 and a high of 130.82. Today, Monetary Base is expected with 4.7% versus 4.4% prior.

The Dollar weakened slightly versus the other majors as Dubai\'s crisis seem to have been contained. Chicago PMI came out stronger with 56.1 versus 53.4 expected. NASDAQ and Dow Jones gained by 0.29% and 0.34% after trading in the red zone for most of the trading session. Crude gained by 1.81% closing at 77.43$ a barrel and Gold (XAU) gained by 0.59% change closing at 1181.1$ an ounce. Today, ISM Manufacturing PMI is expected lower with 54.8 versus 55.7 prior and Pending ...

The Yen was the best performer among major and rose across the board. USD/JPY consolidated below 89.00 and broke below the support. The Trade Balance came out 0.42T better than expected 0.31T. Overall, USD/JPY traded with a low of 88.34 and with a high of 89.06. Today, The Bank of Japan (BOJ) Monetary Policy Meeting Minutes expected.

The Dollar lost an important part of previous gains after the minutes of the FOMC showed that the FED sees a slow recovery and expects the unemployment rate to remain at high levels. Earlier, The GDP came out 2.8% worse than expected 2.9%. The U.S. markets ended with minor losses. Dow Jones ended the session with a loss of -0.16%, NASDAQ fell by -0.31% and the S&P 500 decreased by -0.05%. Gold (XAU) did not reach new highs closing at 1168$ an ounce. Crude Oil tumbled and c...

The Yen fell across the board and was among the worst performers of the day. The pair continues to move at a very slow pace. Still, the pair has no clear cues for next trend development. USD/JPY traded with a low of 88.56 and with a high of 89.17. Today, the Bank of Japan Monthly Report is expected.

The rally in Europe and Wall Street put pressure on the Dollar that fell across the board and rose only against the Yen. The existing home sales data that came at 6.1M, better than the 5.7M expected and comments about interest rate staying at low levels for some time fueled stocks. Dow Jones closed at the highest level in 13 months and ended the session with a gain of 1.29%. NASDAQ rose by 1.4% and the S&P 500 increased by 1.36%. Gold (XAU) posted new record highs above $1...

The Japanese currency still flat in a tight range around 89.00 areas, pair has no clear cues for next trend development. USD/JPY traded with a low of 88.67 and with a high of 89.02. Today, Japanese banks will be closed in observance of Labor Thanksgiving Day.

The Dollar finished the day and the week with gains across the board except against the Yen but fell in the beginning of the trading session on Sunday. The fall in stocks with an increase in risk aversion helped Greenback recover. Wall Street ended Friday in negative. The Dow Jones ended with a loss of 0.14%, The NASDAQ fell by -0.5% and the S&P 500 decreased by -0.32%. The Gold (XAU) rose and closed above the 1050$ an ounce. The Crude Oil closed almost unchanged near the...

The Dollar strengthened against most majors after The U.S. economic recovery will extend into next year as manufacturing expands and the pace of firings abates, reports today indicated, Unemployment Claims came out better than expected at 505K vs. 503K forecast. NASDAQ and Dow Jones fell by 1.66% and 0.9% respectively, Crude oil fell by 2.7% closed at 77.4$ a barrel, Gold (XAU) closed almost unchanged at 1142$ an ounce. No economic data expected today.

The...

The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation, core CPI came out at 0.2% vs. 0.1% forecast. NASDAQ and Dow Jones declined by -0.48% ...

The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closing at 1140.5$ an ounce...

The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month highs with 1.38% and 1.45% gains respectively after Bernanke\'s speech. Crude gained by 3.3% closing at 78.87$ a barrel and Gold (XAU) jumped by 2.02% closing at 1140.4$ an ounce. Today, PPI is expecte...

The Yen gained versus most majors as a larger U.S trade deficit and weaker sentiment caused investors to favor the Yen as a safe haven. Overall, USD/JPY traded with a low of 89.46 and a high of 90.41 and EUR/JPY traded with a low of 132.84 and a high of 134.45. Today, Tertiary Industry Activity is expected with 0.1% versus 0.3% prior.

The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan\'s Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel and Gold (XAU) resume...

The Yen gained versus the Dollar and other majors as risk aversion grew following weak economic data. Japanese Unemployment Rate came out 5.3% better than 5.6% expected. Overall, USD/JPY traded with a low of 89.91 and a high of 91.58 and EUR/JPY traded with a low of 132.30 and a high of 135.91. Today is Culture Day in Japan and banks will be closed.

The Dollar gained versus most majors as weak Personal Spending and stock declines continued to lower risk appetite. NASDAQ and Dow Jones fell by -2.50% and -2.51% accordingly. Crude dropped by -3.61% closing at 76.99$ a barrel and Gold (XAU) declined by -0.64% closing at 1039.70$ an ounce on stronger Dollar. Today, ISM Manufacturing PMI is expected with 53.1 versus 52.6 prior and Pending Home Sales are expected lower with 0.3% change versus 6.4% prior.

The...

The Japanese currency fell during the European session and continued its plunge after the release of a government report that showed Japan’s jobless rate unexpectedly dropped for a second month, reducing demand for the relative safety of the Japanese currency. Overall, USD/JPY traded with a low of 90.24 and with a high of 91.60. Today, The Bank of Japan (BOJ) Press Conference is expected. The interest rate is expected unchanged at 0.1%.

The Dollar fell against most of its counterparts after better than expected GDP increased investor\'s appetite for risk. The Gross Domestic Product was released at 3.5% vs. the 3.1% expected. Initial Jobless Claims came out slightly worse than expected at 530K. After 4 straight days of drops Wall Street headed for a steep rise after the GDP showed that the U.S. economy expanded at a 3.5% annual pace in the 3Q and fueled stocks. Dow Jones jumped by 2.05% to 9,963 and the N...