Mixed Bag of Economic Data for the US

The US dollar continues to fluctuate against other currencies even after the release of the US consumer price index. The consumer price index rose just 0.4% (0.5% expected) in April, compared to March's 0.6% increase. However, the core....

Will US Inflation Data Disappoint?

The forex market is currently in a cautious mood, with big players not willing to pile up their positions ahead of tomorrow's US consumer inflation data. The CPI core rate is forecast to rise to +0.2 from +0.1, but.....

Choppy Market Conditions Ahead?

What happened last Friday in the forex market? The US dollar went down modestly against GBP, CHF and EUR, but regained strength against JPY. As a recap, US retail sales showed a sharp drop in April, and wholesale prices...

Carry Trades in Jeopardy Again

Here it comes again? I'm talking about the precarious state of the carry trade business in which people borrow in Yen to invest in other foreign investments such as bonds, stocks or real estate. Yesterday, currency pairs with the..

Will Interest Rates Be Raised Or Not?

I, like many other forex traders, have one thing on my mind at the moment: The Fed FOMC rate announcement at 1815 GMT. The FOMC members are expected to keep interest rate steady at 5.25%. People are neither too bullish or bearish on the US dollar till...

US Home Sales Lowest in 18 Years

US existing home sales fell by the largest magnitude in 18 years in March (down 8.4%), and US consumer confidence fell...

EUR/USD Loses Its Bullish Momentum

Today the US dollar rose other currencies, and Euro lost its bullish momentum to conquer the 1.3600 territory after several comments reportedly made by a European Central Bank (ECB) member over the weekend....

What's Next For Currencies?

There is so much upheaval in the markets, with the US dollar hitting multi-year/decades low against other currencies such as the Euro, the British Pound, Aussie dollar..