USD The US dollar tossed and turned during the recent NY trading session, as traders treated the Greenback as a counter currency for their trades instead of picking a clear direction. Traders are also probably reducing their dollar holdings ahead of today's FOMC statement. The Fed is widely expected to keep interest rates unchanged, possibly…

USD The US dollar opened higher against most of its forex counterparts upon finding out that there has been no deal struck over the weekend between Greece and its creditors just yet. Data from the US was weaker than expected last Friday, as wholesale inventories showed a 0.8% figure versus the projected 0.3% reading, reflecting…

USD The US dollar was off to a running start this week as risk aversion settled in the markets. Greeks voted against the current bailout proposal, which involves further austerity measures. There were no reports released from the US on Friday since markets were closed ahead of the Fourth of July weekend. Today, the ISM…

USD The US dollar suffered a sharp selloff against its forex rivals in recent trading, thanks to weaker than expected NFP data. The report showed a 223K increase in hiring versus the projected 231K figure while average hourly earnings showed a flat reading. The jobless rate improved from 5.5% to 5.3% but this was just…

USD The US dollar managed to advance against most of its major counterparts, as risk aversion stayed in the financial markets. Data from the US also came in better than expected, setting the stage for an upside surprise in the NFP. The ADP non-farm employment change figure showed a 237K gain in hiring, higher than…

USD The US dollar regained a bit of ground on risk aversion after Greece defaulted on its loan to the IMF. Data from the US came in mixed, with the Chicago PMI missing expectations and the CB consumer confidence index printing stronger than expected results. For today, the ADP non-farm employment change report could pose…

USD The US dollar had a mixed performance, although it was generally weaker against most currencies at the end of the day. The weekend gaps were mostly filled, as traders started to book profits ahead of event risks and a shortened trading week. Data from the US came in weaker than expected, as the pending…

USD The US dollar was off to a strong start this week, thanks to risk aversion stemming from the weekend events. Greece was unable to come up with an agreement with its creditors during their weekend meetings while China announced another round of stimulus efforts. US pending home sales are up for release today but…

USD The US dollar consolidated against most of its FX trading rivals in recent sessions, as data from the economy came in mixed. Personal spending came in better than expected with a 0.9% gain while the personal income figure fell short of expectations at a mere 0.5% uptick. The flash services PMI was also weaker…

The dollar ended the week mixed against the other major currencies, after this mornings non farm payrolls came in slightly under expectations, but showed the U.S. economy is on a slightly firmer footing. This mornings report from the Department of Labor, revealed the U.S. economy added 192,000 jobs in March, confounding expectations for a 200,000…

Talking Points: Canadian annual inflation reported at 1.1% for February Retail sales rise the most in eight months The Canadian Dollar rises 50 pips against USD Want to trade with proprietary strategies developed by FXCM? Find out how here. Canada Actual Expected Prior Revised Prior Consumer Price Index M/M 0.8% 0.6% 0.3% Consumer Price Index…

Talking Points: Canadian employment falls by 7 thousand in February Decline in jobs curbs possibility of tighter monetary policy Canadian Dollar plunges 100 pips against the Pound Want to trade with proprietary strategies developed by FXCM? Find out how here. The Canadian Dollar fell over 100 pips against the Pound after Statistics Canada reported a…

Talking Points: Australian Westpac Leading Index comes in -0.1% for February vs. -0.1% (Revised) in January Soft consumer sentiment and unemployment expectations continue to contribute to negative prints Australian Dollar yields limited response as traders take cues from broader risk trends The AUD/JPY yielded a muted response this morning to the release of the Westpac…

Talking Points: New Zealand GDP growth met expectations at 0.9% in 4Q vs. 0.9% Expected, 1.3% Prior Annual growth rate expanded at a Slower Rate (3.1%) Compared to a year earlier Risk sentiment likely to offer directional guidance for the Kiwi during the session ahead The New Zealand Dollar dropped after the release of GDP…

Talking Points: Australian Economy added 47,300 jobs in February compared to 18,000 in January (Revised) Labor market strengthens, unemployment rate still highest in over ten years Australian Dollar Soars Past US 90 cent After Data Crossed the Wires The AUD/USD jumped in Asian trading after it was reported the Australian economy added 47,300 jobs in…

Talking Points: Retail Sales increase 1.2 m/m in January vs. 0.7% in December (Revised) Australian Trade Balance Surplus Widens to 1433M in January vs. 591M (Revised) Australian Dollar Jumps Past US 90 cents Reaffirms RBA’s Guidance The AUD/USD soared after Australia reported that Retail Sales in January came in at 1.2 percent (month on month),…

Talking Points: BoC’s Poloz predicts softer long-term inflation and growth BoC previously said next rate move depends on data Canadian Dollar declined thirty pips against USD Want to trade with proprietary strategies developed by FXCM? Find out how here. Bank of Canada Governor Poloz predicted softer long-term inflation and growth, sending the Canadian Dollar lower…