Dollar Strengthens On Employment & Services PMI Reports

The US currency rose today against the euro and the Japanese yen after the reports showed that the US employers added more jobs than expected and the service industries expanded with increasing pace.

The US non-farm payrolls increased by 42,000, as was reported by ADP Employer Services. The median forecast was the 38,000 growth. The non-manufacturing sector grew in July for the seventh consecutive month, as was shown by the non-manufacturing index, which registered 54.3 percent in July, compared to 53.8 percent registered in June. The figure above 50.0 indicates industry expansion, below indicates contraction.

The employment was the one of the main sources of concerns for the US citizens. Therefore, the good news from the labor market improved the outlook for the US economy significantly. The Federal Reserve acknowledges the slowdown of the economy, but may refrain from adding more stimulus after the reports suggested that the US economy is healthier than it looked previously.

EUR/USD traded near 1.3137 as of 17:13 GMT today after it opened at 1.3229. USD/JPY rose to 86.22 from 85.76 after slumping as low as 85.32.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Sinks On Decreasing Payrolls

The US dollar slumped today after the US non-farm payrolls sank more than expected, suggesting that the Federal Reserve would require to perform additional stimulus measures to support the nation’s economy.

The non-farm payrolls tumbled by 131,000 in July, following the 221,000 drop in June. The median forecast was the 63,000 decrease. The unemployment rate remained at 9.5 percent. The Dollar Index slid 0.8 percent to 80.153, after touching 80.085, the lowest level since April 14th, and is heading for the ninth consecutive weekly loss.

The comment of Lauren Ros borough, the senior currency analyst at Westpac Banking Corp., was:

It solidifies the argument the U.S. is in a slowdown.“The dollar’s on the back foot at least for the next couple of days.

EUR/USD rose to 1.3206 as of 15:10 GMT today from 1.3188, while GBP/USD jumped to 1.5976 after declining to 1.5839. USD/JPY fell to 85.09, following the surge to 86.18.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Weakens After FOMC Meeting

The US dollar fell versus the Japanese yen and also declined against the Great Britain pound and the euro, remaining above the opening level though, after the Federal Reserve decided to keep the interest rates at the record low level.

The Federal Open Market Committee announced in its statement today:

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

It also said that “the pace of recovery in output and employment has slowed in recent months” and the household spending “remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit”, “investment in nonresidential structures continues to be weak and employers remain reluctant to add to payrolls. Housing starts remain at a depressed level. Bank lending has continued to contract”.

The dovish sentiment of the Fed was passed to the investors. Not that it was very hawkish previously, considering all the bad reports in the last month.

EUR/USD fell to 1.3180 from 1.3219 as of 20:23 GMT today after dropping as low as 1.3074. GBP/USD declined to 1.5855 from 1.5892, following the decrease to 1.5709. USD/JPY dropped from 85.93 to 85.41.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Weakens As Risk Sentiment Improves

The U.S. dollar weakened today as the new home sales surged in the U.S. and the corporate earning increased, improving the appetite for the risk among the investors. The greenback fell versus most of other major currencies.

The U.S. new home sales jumped in June to 330,000 (23.6 percent) from the revised May rate of 267,000. The U.S. house market was showing the awful values previously, and this improvement, while not unexpected, is much better than the economists hoped for. The Standard & Poor’s 500 Index rose 0.6 percent after jumping more than 3.5 percent in the previous week.

The improving risk sentiment spurred the investors to the riskier currencies, decreasing the appeal of the U.S. currency. The signs of rebound in Europe’s economy helped the euro to gain versus the greenback, while the Great Britain pound rose against the dollar after all major Britain’s banks passed the stress tests.

EUR/USD rose to 1.2997 as of 17:41 GMT today after it opened at 1.2887. GBP/USD reached the highest level in three months, climbing to 1.5490 from 1.5416. USD/JPY traded at 86.94 after it opened at 87.45 and jumped as high as 87.71.

If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Very Bad Week For US Currency

The US dollar performance was abysmal this week as concern about the slowdown of the US economic growth persists and even the good news weren’t able to weaken the fears. The dollar fell versus all other major currencies this month.

The manufacturing sector showed the signs of the weakness and the GDP slumped in the second quarter of 2010. It’s not surprising that the reports show that the consumer sentiment steadily declines. The Americans are also worried about their employment, despite the number of the jobless claims is decreasing.

In the environment of the uncertainty the Japanese yen thrives, rising against the dollar for the most part of the week. The Great Britain were rising for seven days, even on Wednesday, when it could go below opening level, but closed slightly above it. The euro fell on Friday, but overall the week was bullish for the 16-nation European currency.

EUR/USD rose to 1.3031 from 1.2893 this weak after reaching as high as 1.3106. GBP/USD went up form 1.5412 to 1.5689, while USD/JPY currency pair closed at 86.39 after opening at 87.54.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Global Economic Outlook Remains Grim, Pushing Dollar Higher

The US dollar surged today versus the Great Britain pound and the euro as the signs of the global economy’s slowdown spurred the investors to look for the safer currencies. The yen outperformed the greenback as the concerns for the US economy made the Japanese currency more appealing as the safe currency.

The Standard & Poor’s 500 Index went down by 2.1 percent and the Stoxx Europe 600 Index slipped 1.8 percent. The deficit of the US trade balance increased to $49.9 billion in June, while the forecast predicted it to stay at the $42.0 billion level. The report that the industrial output in China expanded with the slowest pace in 11 months also affected the sentiment on the markets, turning it to the risk aversion.

The mood among the investors remains rather pessimistic. Such mood is good for the dollar, but the troubles with the US economy make its less attractive than other safe currencies, like the yen.

EUR/USD dropped to 1.2897 from 1.3157 today as of 15:36 GMT. GBP/USD fell from 1.5849 to 1.5662, while USD/JPY traded near 85.39, following the slump to 84.73.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Demonstrates Mixed Week On Uncertainties

The US dollar posted a mixed week against the other currencies on Forex, as the investors didn’t seem to be certain of which direction to choose on worsening of the economic situation and intervention threats from Japan.

The dollar fell for a first week in three against the euro and declined for a second week against the Japanese yen. Against the Great Britain pound, the greenback managed to grow for a third week in a row but the gain was minimal this time. The poor macroeconomic releases from US that signaled about a slower recovery and pushed back the future interest rate hikes were the main drivers for the dollar bears this week.

The US dollar failed to gain against the Japanese yen even despite the expected currency intervention there, which has been a major news topic of the week. A slight increase against the GBP can be seen as the result of some moderate risk-aversion seen this week. The analysts believe that if the next week we’ll continue seeing the same levels of pessimism in the fundamental reports in the United States, the dollar will continue going down against the majors.

EUR/USD rose from 1.2705 to 1.2760 after touching as low as 1.2588 this week. USD/JPY went down from 85.60 to 85.20, while the drop on GBP/USD was from 1.5538 to 1.5525.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Falls On PMI And Fed Meeting Minutes

The US dollar fell today against the euro and the Japanese yen as the Chicago Business Barometer fell more than estimated and on the signs that the Federal Reserve won’t raise the interest rates. The Fed also failed to provide the clear plan to add more stimulus to support the US economy.

The Purchasing Managers’ Index posted the figure of 56.7, down from 62.3 in the previous month and less than expected. The minutes of the Fed policy makers’ meeting suggested that the rates would remain at the present record low levels. The minutes didn’t show any cohesive plan to implement the quantitative easing. In general, the minutes were very dovish.

EUR/USD climbed today from 1.2678 to 1.2792 as of 12:21 GMT. USD/JPY currency pair opened at 84.18, rose to 84.57, but later slid to 83.81.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Fluctuates After Release Of Good US Macroeconomic Data

The US dollar slipped today as the concerns for the global economic recovery eased and the demand for the safer currencies decreased after the positive macroeconomic data from the US was released, but the currency gradually returns to the levels at which it started today’s trading session.

The claims for the jobless benefits decreased from 478,000 to 451,000 last week. The median forecast was 470,000. The deficit of the US trade balance shrank to $42.8 billion in July. In June it was $49.8 billion and the analysts predicted the $47.4 billion figure.

There is not much macroeconomic data from the US this week. But the data that was released signaled the US economy is in better condition than was thought. The outlook for the global growth was improved by this data but remains rather grim.

EUR/USD went down from 1.2719 to 1.2707 as of 16:00 GMT after it jumped to 1.2764. USD/JPY currency pair traded near its opening level of 83.86.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Good Week For US Dollar Despite Troubles With US Economy

The US dollar performed rather well against other major currencies this week, despite the concern for the US economy. In fact, actually the concern for the economic growth was one of the reasons the other currencies fell versus the greenback.

The major market driver this week was the statement of the Federal Reserve that the US economic growth would be “more modest”. Together with the unexpectedly increased US jobless claims it caused a bit of a panic on the markets, with huge sell-off by of the riskier currencies the traders. The data from Europe improved the sentiment somewhat, but for a very short time and its impact on the currencies’ market was quickly overshadowed by the strong pessimism among the investors.

In this environment of gloom the Japanese yen could easily outperform the US currency as the safe asset. But the speculation that the Bank of Japan would intervene to limit the yen’s appreciation hasn’t allowed the Japanese currency to rise very much. In general, this week was quite good for the dollar, especially compared to the previous week.

EUR/USD was falling for the whole week and dropped slumped from 1.3288 to 1.2752. GBP/USD was also declining, and only on Friday manged to rise a little; the currency pair fell from 1.5984 to 1.5591. USD/JPY weakened on Tuesday and Wednesday, slipping as low as 84.73, but over the week it rose from 85.37 to 86.28.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Weakens On Outlook For Additional Easing & Unemployment

The US dollar fell today as the Federal Reserve may follow the Bank of Japan in adding further stimulus and on the anticipation of the increasing jobless claims and unemployment rate.

The Dollar Index, tracking the US currency versus the currencies of six major US trading partners, touched 77.597, the lowest level since January 20th. The reports later this week expected to show that the unemployment rate in the US rose from 9.6 percent to 9.7 percent and the jobless claims increased to 455,000.

USD/JPY fell from 83.22 to 83.07 today as of 10:43 GMT and EUR/USD traded near opening level of 1.3838 after rising as high as 1.3880.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

USD/JPY For First Time In 15 Years Below 82 On US Payrolls

The US dollar fell today against the Japanese yen to the lowest levels since 1995 as the nonfarm payrolls report was far worse than expected. The currency also fell versus the Great Britain pound and was declining versus the euro before rebounding and closing near the opening level.

The nonfarm payrolls dropped 95,000 in September, following the 57,000 decline in July. The analysts expected the 1,000 growth. The unemployment rate remained at the same 9.6 percent level. The payrolls report added just one more reason for the Federal Reserve to perform the quantitative easing.

As the talks about the quantitative easing intensified the stocks rallied, driving the Dow Jones Industrial Average above 11,000, the highest level since May. Gold also gained, following the advance to $1,366 per ounce yesterday, and may rise further on the speculation the demand increase for the precious metal as the alternative to the dollar.

USD/JPY closed at 82.0 after opening at 82.39 and falling to 81.74, dropping for the first time since 1995 below the 82.00 level. GBP/JPY closed at 1.5955 after it opened at 1.5874 and dropped to the intra day low of 1.5822. EUR/USD closed at 1.3928, near its opening level of 1.3925, after rising to 1.3982 and falling as low as 1.3834.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Recovery Continues, Risk Appetite Improves, Dollar Down

The US dollar weakened today as the signs of the economic recovery, including the improving US jobs market, increased the risk appetite and diminished the demand for the currencies, considered to be the safe haven.

The US nonfarm payrolls showed the decline by 54,000 job places in August, compared to the significantly more pessimistic forecast of the 101,000 decrease. The unemployment rate remained almost unchanged and stays at 9.6 percent. The Standard & Poor’s 500 Index advanced 0.9 percent today, the fourth consecutive day of gains.

It seems that we’ve seen another day of the risk appetite surge today, which is driving dollar down. And not only the dollar but other safe currencies too, as the yen showed declining against other majors, including the greenback.

EUR/USD advanced today from 1.2823 to 1.2883 as of 16:05 GMT, while GBP/USD rose from 1.5398 to 1.5440. USD/JPY traded near 84.46 after it opened at 84.24 and jumped to the daily high of 85.21, the highest level in last four days.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Dollar Weakens As Manufacturing Slows

The US dollar dropped today against the euro to the lowest level since March, and also fell against all other major currencies, on the speculation that additional stimulus is required to support the US economy and after the report showed that the manufacturing growth slowed.

The Institute for Supply Management Purchasing Managers’ Index declined to 54.4 in September from 56.3 in August. The report stated:

While the headline number shows relative strength this month as the PMI reading of 54.4 percent is still quite positive, the overall picture is less encouraging.

The slower manufacturing supports the outlook of the Federal Reserve for the modest economic growth. Charles Evans, the president and the chief executive officer of the Federal Reserve Bank of Chicago, voiced his opinion:

We still have a long road ahead before we catch up to the level of activity we would have achieved in the absence of the crisis, or any other shock.

The Dollar Index, which tracks the dollar against its six major counterparts, fell 5.4 percent in September, the biggest monthly drop since May 2009.

EUR/USD rallied from 1.3634 to 1.3779 today as of 20:13 GMT. GBP/USD went up from 1.5714 to 1.5833, following the advance to the intraday high of 1.5871. USD/JPY traded at 83.30 after it fell from the opening rate of 83.50 to the intraday low of 83.14.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Another Week Of Dollar Weakness On Talks About Easing

This week was marked by the talks about the possible quantitative easing by the US Federal Reserve, the talks which were further fueled by the unexpectedly poor report about the US employment. In such environment the dollar has no choice but to go down.

The unexpected cut of 95,000 jobs by the US employers added the incentive for the Fed to start next round of the bonds purchases to stimulate the US economy. The price of the US currency dropped as the traders expect the inflow of new dollars into the economy. The analysts speak about interesting effect all this talks about the easing may have: when the actual quantitative easing occur it won’t cause much impact on the dollar price. The stimulus simply already priced in, so there’s no reason for the dollar to react even more.

The dollar fell for the fourth straight week against the Swiss franc, the euro and the pound. Against the yen it dropped for the third consecutive week, going below the 82 yen-per-dollar level for the first time since 1995. The greenback declined for the sixth week against the Canadian dollar for the seventh week versus the Australian dollar.

USD/CHF opened at 0.9753 and closed at 0.9638 this week after declining to 0.9554. USD/CAD went down from 1.0194 to 1.0112. AUD/USD rose to 0.9859 after opening at 0.9725 and falling to the weekly low of 0.9541.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Forex Trading - Earn Money Quickly A Guide For Novices Big Profits Quickly

If you want to make money fast Forex Trading this article is for you - even if your operator novice, you can quickly build wealth at low risk simply incorporate these simple tips in your business plan. 
Let's look at how to make money quickly in Forex Trading: 

1. Follow the long-term trends 

Major trends last for months or years and what are the best for large profits - Using a simple long-term trend following. 

2. Learn how to buy buttons 

If you're not familiar with buttons you have to study them and how to take advantage. 

Fact: 

Most major trends begin new markets senior PAS bottom of the market by buying buttons, you will catch the really big trends and obtain low-risk way. 

3. Be patient! 

You do not rewarded in the negotiation often rewarded you get the money to be right. 

The best reward risk professions are not around all day, be patient and wait. 

If you do profitability will be significantly strengthened. 

4. Do not diversify 

If you are a small trading account, it made no sense to diversify. 

Traders say it reduces the risk that debatable, what is not is: 

That limits your potential profit. 

Do not diversify, return businesses who look good and you think you are convinced and with as much as you can and risk 10 - 20%. 

5. Do not trail ends quickly 

Another big mistake is to trail stops in place quickly. 

If you're in a big move you are convinced then keep your judgement to avoid being struck by the volatility in the short term. 

In making money quickly is one of the hardest things to do, on a farm when your open trade equity is being eaten in - sometimes by thousands of dollars a day. 

Well, if you want to earn money quickly get used to it. 

Of course it takes courage and conviction, but when you finally a bank 10 - 20000 male winner you will feel very well. 

6. The success! 

Forget trying to do with other peoples systems, it takes the rock solid confidence and discipline and you must have a system that you have developed or someone else you know backwards. 

To follow a system, you need to have confidence if you lack discipline and if you do trade with a method of discipline you have no method at all. 

Use the tips above using a method that you have confidence in yourself and earn money quickly online Forex Trading.

E-currency Trading Fraud?

Recently there was a new kind of actions that have been deployed across the Internet like wildfire. Many people are relatively new to the concept of "e-commerce currency trading," For this reason, it caused a lot of questions. The most obvious question that arises is for these acts of real or is it a scam? 

When I first started in the business of electronic currency I had asked the same question. Like anything else was a little reluctant to buy anything on the Internet that promised to earn money. There are many programs there today that promise riches overnight and many of them to follow up with any real substantial returns. I have spent more than $ 15000 for business opportunities home and took me 3 years to find one that actually worked. 

Years ago I was wondering how people make thousands of dollars on the Internet and have no idea because they really on my own. I was in credit card debt up to my ears and repay credit cards with one another. Bill collectors called me and I passed every day until the embarrassment of a few of them displayed in my house. That is when I started research on the Internet for ways to earn money after all what I have heard that millions of people on the Internet. 

Year since it began with e-commerce exchange program and provided $ 64300 from 2005-2006. Has changed the way my family life forever, enabling me to diversify into other programs my measly shift investments to $ 400 thousands of dollars over one year. 

In launching e-commerce currency trading Another set of terminology and information necessary to become successful. Although I have not seen people lose money doing electronic currency exchange program, it is difficult to do business without some sort of actual direction. That is when turned to my country, training courses and a search began for one that was going to fit my needs. 

The number of programmes ranging from $ 300 to $ 700 and $ 700 was out of my budget at that time. Training courses offered support via telephone on the Internet, personal training, in addition to private lessons and video forums established with experts on this subject. I tried the electronic currency exchange without the training programme and the process was very hard and trying to sit in chat rooms to learn my country. With a training session I was able to achieve maximum profits and my country to reduce the risks.

Back At Forex Trading

Cable continued its climb today strong movement. Last night's bargaining for me an opportunity to discuss another key element of our strategy. When we arrived this morning, we had already closed our small trade to 40 pips and had a slight decline, we closed our second largest trading at 1.7720 compared with only 35 pips at 8:00 AM. 

If we had stayed in our discussions we have closed for 85 Pips@1.7770. It looks like we lost about 50 pips, but you can not lose what you never had. We have strict rules about some new rules and told us we had to close their businesses before the release of PPI and housing starts at 8:30 AM. 

The reason why we have this rule is simple, in our years of experience, we saw 35 to pip positive trade become a negative 40 to stop a few minutes. After witnessing this time, we decided it was better to take the course 35 pips off the table and their bank, and no risk with unpredictable move an important element. 

Yesterday evening, we netted 70 pips, not too bad, and with cable in a more market trends, we are ready to do more. 

Tonight we are trading around 1.7810. We are again looking for a purchase. There is some support in many 1.7800, and even more around 1.7870. The first resistance is currently at about 1.7900. All indicators seem to be that the cable signal will continue up and test resistance at 1.7909. 

The most important thing you can do is educated. Learn more about investment and all aspects of the question. Do not trust your finances to anyone else, no matter how noble their promises. 

Have confidence in yourself and your abilities and I think you'll be pleasantly surprised by the results you see. 

We find these support and resistance with a set of technical indicators and other variables that we considered the most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit of all our businesses. Each operator will have a combination of different indicators that is most suitable for them. Learn to develop your own style Forex Trading Forex with an exchange of education consisting of a Forex Trading Forex course or seminar.

Make Money Currency Trading?

Basically you can make money from the commercial capital. If you have dollars, you can buy British pounds for a set rate of trade and finance in the future in different rate. This could make huge gains. Much larger than gains made on the stock market. As chief of currency trading high, as is the frightening decline can be enormous, too. There brokers trade currencies available on the Internet that can provide your own strategies to reduce losses and maximize your gains. 

If you are new to invest on the Internet, does not include the entire life savings to an account on the Internet. Start with the smallest amount that will be easier to handle and track. When we feel confident, and then you can decide to add more money to invest over the Internet to your account. 

Once on the Internet, many investors tend to focus on equities, specifically a large ceiling of the local shares. While these balances should form part of your portfolio, it should not be perfect! Take into account your time on the horizon and risk tolerance to develop a good balance of stocks, bonds and cash. 

If you are new to invest on the Internet and hopes to open a mediation there are some important facts you should know before choosing a mediator. Each one has strengths and weaknesses, but not everyone sees as a mediator in the same way. For example, if you're happy to find your own research to invest online, and then deep discount brokers will work for the good words. 

Ask yourself ... 

What are the services provided? Do you have the research available? What is the cost of investment to you on the Internet? What are the real costs of the Commission for trade, including any handling fees? How can I send you confirmations - through e-mail, Snail by e-mail, by telephone? Is it possible to enter orders by telephone, by e-mail, online? Is the call for additional cost, and the conversation as a mediator to assist in your account? 

In a low interest rate environment such as the United States, and could be a problem for investment in the security of high-yielding fixed-income investments. Most of these investments are on the base rate set by the government. It would be difficult to obtain insurance investments of about 3% mark. In New Zealand or Australia consistently investments deserves attention 7.5% or 8%. Problem in making investment abroad, the prices very volatile currencies that although the conduct yield 5%, could be glimpsed in gaining currency rates. 

Similarly, the currency could work in your favour and your investment will have a very high yield. To remove this uncertainty, you can make foreign investment today using a spot trade and also establish trade forward at the time of investment maturity. In this way in the elimination of currency risk and your investment can benefit from foreign products. The establishment of forward trade costs money, but in many cases the costs of trade little compared with the gains that can be achieved.