FX News

Dollar May Not Retest Three-Year High Without a Jolt of Volatility Euro Unable to Overtake 1.3200 Despite Portugal’s GDP Call British Pound Extends Climb, GDP Outlook May Force 1.5250 Japanese Yen Slowly Retreats as EURJPY Posts 7th Straight Advance Canadian Dollar Tops Trading Day Read More →

THE TAKEAWAY: UK June Retail Sales beats expectations > US Initial Jobless Claims are 334K for week of July 13, better than the 345K expected > Bernanke reiterates yesterday’s statements in today’s testimony to Senate Several positive economic data releases helped Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10860.33 10866.69 10805.2 0.49 84.63% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) climbed another 0.49 percent as the Philadelphia Fed survey jumped to 19.8 in July to mark the highest Read More →

Crude oil and gold prices remain focused on Congressional testimony from the Fed’s Ben Bernanke but the central bank chief seems unlikely to break new ground. Talking Points Bernanke Unlikely to Break New Ground in Second Day of Testimony Gold, Oil Volatility Risk Read More →

EUROPEAN FX HEADLINES: WEEK OF JULY 14 - British Pound Rebound to Accelerate on Faster Inflation, BoE Minutes - Gold Rally at Risk Ahead of Fed’s Beige Book, Bernanke Testimony - Lingering Portuguese Problems Weigh on Euro amid Light Docket EURO-ZONE ECONOMIC CALENDAR There are Read More →

The US Dollar recovered against its top counterparts after Fed Chairman Ben Bernanke’s testimony proved uneventful, driving a correction in the markets. Talking Points US Dollar Recovers as Markets Unwind Pre-Bernanke Positioning Pound Unlikely to Find Lasting Catalyst in Retail Sales Report The US Read More →