TraderWise

December 11, 2009
Dollar Bulls Get Their Wish
Dollar bulls who wanted to see growth in the labor market and an increase in consumer spending received the latter in the form of a better than expected retail sales report and a jump

in consumer sentiment on Friday. The bullish response by investors to the friendly retail and consumer confidence numbers is a sign that speculators believe the Fed has enough evidence to hike

interest rates sooner than expected.
The U.S.

January 7, 2010
Forex Traders Looking for Friendly U.S. Jobs Data
The U.S. Dollar held on to most of its gains as traders await Friday’s U.S. employment report. On Thursday, the Weekly U.S. Initial Claims report showed that fewer workers filed for

unemployment benefits last week. This news helped boost an already strong Dollar. The ability to hold on to its gains into the close may be an indication that investors are anticipating a friendly

U.S. Non-Farm Payrolls Report tomorrow.

Tuesday, December 22, 2009
Dollar Gains on Upbeat Outlook for Economy
The U.S. Dollar rallied following the release of a better than expected existing home sales report and never relinquished its gains. The rise in the Dollar following the release of

good economic news is another sign that investors are returning to watching traditional fundamentals for direction. Gains are being limited this week because of thin holiday trading.

U.S. dollar gains in currency trading

Yesterday's consumer confidence report came in better than expected. While there is still a long way to go before the U.S. economy is considered to be doing solidly, the news has still been heartening. 

December 3, 2009
Forex Traders Already Thinking about U.S. Employment Report
The U.S. Dollar closed mixed on Thursday against most major currencies on light volume as traders fled shortly after the U.S. initial claims number and ahead of tomorrow’s Non-Farm

Payrolls report. Trading was so thin that even a late session sell-off in U.S. stock indices could not fuel a robust close in the Dollar index.
The U.S.

Dollar Recovers after Consumer Confidence Report
The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors' appetite for risky assets.Economic NewsUSD – Dollar Rises on Demand for Greenback's Safety
The U.S Dollar advanced against most of its major counterparts as a decline in U.S. consumer sentiment to a 5 month low revived demand for the relative safety of the world's main reserve currency.

December 30, 2009
Dollar Ekes Out Small Gain After Choppy Session
The U.S. Dollar finished higher after a choppy trading session, but well off its high. The Greenback opened higher after global equity markets weakened following an overnight drop in

demand for higher risk assets. The Dollar surged to its high for the day against most major currencies after the release of a better than expected Chicago PMI report.
This report signaled that the U.S. economy is recovering from the recession.

Has consumer confidence reached a bottom?

The U.S. dollar forex trading forecast is about to get more interesting. Right now, it appears that consumer confidence is on the rise, which should be helpful to the U.S. economy in terms of recovery. GFT's Boris Schlossberg reports on the Daily Futures Commentary November 24, 2009 2 years 10 weeks ago

Tuesday, November 24, 2009

The Dollar is trading slightly better as traders await this morning’s U.S. 3rd Quarter GDP Report. The Forex markets are reversing yesterday’s gains. Risk aversion seems to be

back

in

the market as higher yielding assets are feeling downside pressure. Thin volume in this holiday shortened weak is contributing to the weakness in foreign currencies along with liquidation ahead

of

the U.S. Thanksgiving holiday.

The December Euro is trading slightly better while the Dollar is strengthening versus all others.