Currency trading with the greenbackThe US dollar is having a bit of trouble in FX trading this morning. Thanks to some expected negative economic data to be released this morning, currency trading with the greenback should consider shorting.
The Fed left interest rates unchanged yesterday, but expressed concerned over inflation. However, this concern does not mean an expanding economy. To the contrary: some think that the credit market crisis is far from being over, and that it will continue to affect the US economy (more…)
Euro up in forex tradingThe EUR/USD currency pair is gaining in FX trading today as weak economic data continues to plague the US dollar. Continued concerns about the credit market crisis are affecting the economy, and the recent "good news" about consumer confidence and income from the US is due mostly to the one-off economic stimulus payment to citizens from the US government.
The euro is also getting an overall boost on expected interest rate increase. The differential should serve to help the euro in f (more…)
Currency trading with the Aussie
The Australian dollar is rising in forex trading on the currency market this morning. Currency trading with the Aussie should consider that the down under currency is doing rather well against the US dollar.
Many in FX trading are reducing their expectations of a US interest rate hike, and that is helping the Australian dollar. Additionally, inflation remains a part of the Aussie economy, and that supports the Australian dollar as well in forex trading.
See AlsoCurrency Trading with the Aussie(more…)
US dollar looking good in forex tradingMany currency analysts think that the US dollar is looking good in forex trading — that it is getting ready for another rally.
This could be true. Even with the costs associated with rising oil prices, the US dollar is doing well in currency trading on the FX market. This could be due in part because of eurozone economic data offsetting rising oil pricces.
Additionally, the USD/JPY is testing a key resistance level, and we will have to s (more…)
