Daily Forex Snap-Shots

Late US Session-Commodities Build Momentum on Dollar Weakness

Peter Rosenstreich — Thu, 21 Aug 2008 23:59:54 GMT

G10 Advancers and Decliners vs USD
	Nok	-0.02

The Usd declined sharply on speculation surrounding bank failures, and weak economic data. The EurUsd rose over 150 pips to 149, while the UsdJpy fell 139 pips to the mid 108 price. The GbpUSD gained momentum rising over 160 pips seeing resistance near 1.88. Equity markets closed marginally higher in the US, but closed negative in Europe based on overall migration from risks by investors to...

US Session-Dollar Slide Gives Way to a Rally in Oil

Peter Rosenstreich — Thu, 21 Aug 2008 18:59:39 GMT

G10 Advancers and Decliners vs USD

The Usd declined in the early trading session due increased concerns regarding major institutions in the financial sector. The EurUsd rose 44 pips to the high 1.47 level, while the UsdJpy dropped substantially to the mid 108 price. The GbpUsd increased over 80 pips to trade with 1.87 handle based on dollar weakness. Equity markets opened lower in the US, and continue to trade down in Europe. ...

Asian Session - JPY Gains As Worries Grow

Peter Rosenstreich — Thu, 21 Aug 2008 09:26:38 GMT

G10 Advancers and Decliners vs USD
	JPY	1.00
	EUR	0.87
	CHF	0.80
	GBP	0.55

The Usd was weaker across the board in the Asian session, as continued concerns over Fannie and Freddie weight on sentiment. The EurUsd climbed from 1.4741 to 1.4812, while the UsdJpy fell sharply from 109.90 to 108.79. The GbpUsd traded in a 1.8620 to 1.8669 range, before breaking out in late session trading. The Jpy fueled carry trades continued to come under selling pressure, as risk aversion...

US Session-Usd Moderately Stronger on Economic Weakness in Europe

Peter Rosenstreich — Wed, 20 Aug 2008 22:20:42 GMT

G10 Advancers and Decliners vs USD
	Aud	0.23
	Nzd	0.00
	Sek	-0.05
	Nok	-0.29

The Usd gained against most of the G10 in the today’s trading session. The EurUsd fell approximately 50 pips to the low 1.47 level, while the UsdJpy rose 9 pips to the high 109 price. The GbpUsd fell 55 pips to the low 1.86 area, on the heels of BoE minutes citing weaker economic growth in the region. Equity markets were negative to flat in the US, as Traders position themselves for further...

Asian Session- Commodities and Shanghai Bounce Back

Peter Rosenstreich — Wed, 20 Aug 2008 09:29:00 GMT

G10 Advancers and Decliners vs USD
	JPY	-0.25
	EUR	-0.25
	GBP	-0.28
	CHF	-0.40

The Usd was stable in the Asian session, despite the upside surprise in US PPI and slightly better than expected housing data. The EurUsd remained range bound between 1.4806 and 1.4742, and the UsdJpy traded between 109.90 and 109.62. Wall Street was lower yesterday lead by the financial sector and worries over Fannie and Freddie. Commodities bounced back with crude trading to $115.00bll, while...

US Session-Usd Losing Momentum on Weak Economic Data

Peter Rosenstreich — Tue, 19 Aug 2008 23:03:07 GMT

G10 Advancers and Decliners vs USD

The Usd declined in the US trading session based on increased credit concerns and lackluster economic data. The EurUsd rose nearly 100 pips to the high 1.47 level, while the UsdJpy slid 41 pips back to 109 on waning dollar strength. The GbpUsd made a slight move to the upside of roughly 23 pips, but could not trade through the 1.86 price. Equity markets declined in both Europe and the US as...

Asian Session - BoJ Holds Steady

Peter Rosenstreich — Tue, 19 Aug 2008 09:27:42 GMT

G10 Advancers and Decliners vs USD
	JPY	0.09
	CHF	-0.39
	EUR	-0.54
	GBP	-0.61

The Usd was stronger in Asian session, as concerns over slowing growth persisted. The EurUsd traded lower from 1.4700 to 1.4651, the while UsdJpy rallied from mid day 109.69 lows to 110.24, as the day progressed. The AudUsd came under pressure, as RBA minutes showed the members did contemplate an "early reductions", which sent the pair from 0.8700 to 0.8635 and the NzdUsd followed...

Late US Session-Dollar Rally Slows Down

Peter Rosenstreich — Mon, 18 Aug 2008 21:49:30 GMT

G10 Advancers and Decliners vs USD
	Nzd	0.59
	Cad	-0.38

The Usd dropped slightly in the US session based on price volatility in the commodities sector. The EurUsd rose 34 pips to the low 1.47 level, while the UsdJpy fell 47 pips to 110 as the recent dollar rally is beginning to subside. The GbpUsd was mostly flat, holding ground at 1.86 as the economic picture in the UK remains weak. Equity markets dropped substantially in the US and marginally...

Asian Session - Quiet Open

Peter Rosenstreich — Mon, 18 Aug 2008 11:53:11 GMT

G10 Advancers and Decliners vs USD
	EUR	0.56
	GBP	0.49
	CHF	0.38
	JPY	0.29

The Usd was slightly weaker in the Asian session and start of the trading week. This week will have market participants pondering the swift unraveling of the global growth decoupling story and sharp correction in commodity prices. The massive surge in the Usd caught many analysts off guard, causing a broad recalculation of forecasts. However, most are now predicting a short term tempering of Usd...

Late US Session-Dollar Bulls Sustain Positive Momentum

Peter Rosenstreich — Sat, 16 Aug 2008 00:28:26 GMT

G10 Advancers and Decliners vs USD
	Dkk	0.93
	Sek	0.85
	Cad	-0.42
	Nzd	-0.88

The Usd carried its recent rally into today’s trading with stable movement to the upside in the early session. The EurUsd fell over 150 pips to 1.46, while the UsdJpy rose substantially trading through previous resistance to 110. The GbpUsd experienced losses, trading down over 70 pips to 1.86, based primarily on the bearish sentiment regarding the UK economy. Equity markets closed marginally...

Asian Session - Gold Falls Below $800oz

Peter Rosenstreich — Fri, 15 Aug 2008 09:23:22 GMT

G10 Advancers and Decliners vs USD
	CHF	-0.19
	JPY	-0.29
	EUR	-0.38
	GBP	-0.55

The Usd was slightly stronger in the Asian session, as commodities, specifically precious metals, weakened. The Gold fell below $800oz for the first time this year and silver followed right behind down a whopping -11.00%. The EurUsd slipped from 1.4803 to 1.4754, while UsdJpy trended higher from 109.57 to 110.34. The GbpUsd continued to come under selling pressure on the back of BoE inflation...

US Session-Dollar Remains Stable Despite Rising Volatility

Peter Rosenstreich — Wed, 13 Aug 2008 20:24:02 GMT

G10 Advancers and Decliners vs USD
	Nzd	0.94
	Nok	-0.15

The Usd continued its trend of appreciation in the early trading session. The EurUsd slid 15 pips trading with a 1.49 handle, while the UsdJpy experienced a further decline to the high 108 price level. The GbpUsd experienced a fell over 200 pips toggling back and forth between the 1.86 and 1.87, as Traders price in the deteriorating market conditions in the UK. Commodities are edging higher with...

Asian Session - Usd Rally Takes a Breather

Peter Rosenstreich — Wed, 13 Aug 2008 09:54:39 GMT

G10 Advancers and Decliners vs USD
	JPY	0.90
	CHF	0.57
	EUR	0.49
	GBP	0.15

The fierce Usd rally took a breather in Asian session, as traders took profits. The EurUsd edged up slightly to 1.4946, while the UsdJpy fell from 109.80 to 108.37 session lows. The Jpy fueled carry trades weakened on the Yen advance, with EurJpy dropping from 163.67 to 161.63. Fed's Stern toned down his pre-FOMC hawkish statements, which took its toll on Wall Street, warning that it would be a...

Midday US Session-Dollar appreciation continues as Traders Bet on a Recovery

Peter Rosenstreich — Tue, 12 Aug 2008 19:49:43 GMT

G10 Advancers and Decliners vs USD
	Cad	0.65
	Nok	0.12
	Nzd	-0.04
	Aud	-0.93

The Usd continued its climb against majors during the early trading session based on lower oil prices. The EurUsd slid further trading with a 1.48 handle, while the UsdJpy retracted previous gains falling to 109. The GbpUsd dropped an additional 100 pips from yesterday’s close currently trading at 1.90 due to weak economic fundamentals in the UK. Equity markets fell in both the US and Europe...

Asian Session - EurUsd Drops to 6 Month Lows

Peter Rosenstreich — Tue, 12 Aug 2008 09:41:25 GMT

G10 Advancers and Decliners vs USD
	JPY	0.42
	GBP	-0.09
	CHF	-0.23
	EUR	-0.43

The Usd saw broad based gains in the Asian session, as commodities continued to come under pressure. The EurUsd fell to a 6 month low to 1.4816, while the UsdJpy trended upwards to 110.23. Crude oil rebounded off lows, but is currently trading safely around $115.00bll, providing momentum to the Usd rally. Wall Street saw a firm finish, but Asian regional equities are currently mixed, with...

Asian Session - Usd Holds Gains

Peter Rosenstreich — Mon, 11 Aug 2008 09:27:14 GMT

G10 Advancers and Decliners vs USD
	JPY	0.22
	GBP	-0.22
	CHF	-0.22
	EUR	-0.51

The Usd was broadly stronger in Asian session, as market prepare for a heavy week of economic indicators. Perhaps the most interesting aspect of last week aggressive Usd rally was the lack of strong confirmation from other financial markets, specifically rate and oil. The EurUsd strength clearly outpaced the gains in crude prices, while across practically all maturities the interest rate...

Late US Session-Equity Markets Rally Behind Dollar Strength

Peter Rosenstreich — Fri, 08 Aug 2008 23:49:13 GMT

G10 Advancers and Decliners vs USD

The Usd finished stronger against most of the G10 in the late US session. The EurUsd suffered additional losses trading testing 1.50 as a current support level, while UsdJpy maintained its current level of 110 on the aggressive shift in market sentiment. The GbpUSd declined sharply, trading through our previous projection of 1.93 to 1.92 on weak economic conditions. Commodity prices continued...

Early US Session-Dollar Surges Higher Across the G10

Peter Rosenstreich — Fri, 08 Aug 2008 17:30:13 GMT

G10 Advancers and Decliners vs USD
	Cad	-1.32

The Usd rose substantially in the early trading session based on a dovish outlook regarding monetary policy in Europe. The EurUsd fell over 200 pips to the mid 1.50 level, while the UsdJpy gained nearly 70 pips, trading with a 110 handle. The GbpUsd dropped 250 pips to 1.91, as fundamentals are beginning to be realized in the current price. Equity markets recovered most of yesterday’s losses...

Early US Session-Trichet Reignites the Dollar Rally

Peter Rosenstreich — Thu, 07 Aug 2008 17:18:41 GMT

G10 Advancers and Decliners vs USD
	Nok	0.05
	Sek	-0.06
	Nzd	-0.47

The Usd loss ground in the European session, but picked up momentum again based on Dovish comments from Trichet. The EurUsd traded through previous support to the high 1.53 level, while the UsdJpy fell a bit over 50 pips to the low 109 price. The GbpUsd continues to trade with a 1.94 handle, off 10 pips from yesterday’s close. Equity markets opened significantly lower, with the Dow in...

Asian Session - Up Next BoE & ECB

Peter Rosenstreich — Thu, 07 Aug 2008 17:20:17 GMT

G10 Advancers and Decliners vs USD
	CHF	0.40
	EUR	0.30
	GBP	0.09
	JPY	-0.03

The Usd was vaguely weaker during the Asian Session, as participants seem to be content with their positions ahead of the critical BoE & ECB rate announcement today. The EurUsd traded higher to 1.5451 from 1.5401, while the UsdJpy traded up to 109.90 (7-month highs), on rumors of option barriers triggered on the break of 108.55. With no surprise, the Jpy fueled carry traded continued to see...

Asian Session - RBA Holds But Signals Cuts

Peter Rosenstreich — Tue, 05 Aug 2008 09:51:32 GMT

G10 Advancers and Decliners vs USD
	JPY	0.41
	CHF	-0.24
	GBP	-0.31
	EUR	-0.40

The Usd was broadly stronger in Asian session, as traders position themselves for today's FOMC rate announcement. The EurUsd slid from 1.5590 to 1.5524, while the UsdJpy took a weaker tone in the Asian afternoon, falling to 108.05 from 108.32. The AudUsd & NzdUsd continued to be sold off on the back of the RBA comments, dropping to 0.9223 and 0.7259 respectively. The Jpy fueled carry trades...

Asian Session - Light Trading Ahead of a Heavy CB Week

Peter Rosenstreich — Mon, 04 Aug 2008 09:02:03 GMT

G10 Advancers and Decliners vs USD
	CHF	0.07
	EUR	0.04
	JPY	-0.08
	GBP	-0.13

The Usd was broadly unchanged for Friday's close in the Asian session. The EurUsd closed at 1.5560 and is now trading at 1.5580, while the UsdJpy closed at 107.60 and is now trading at 107.80. The Jpy fueled carry trades gained slightly, with EurJpy easing up towards 168.00 and the AudJpy strengthened to 100.50. Emerging Asia was slightly stronger, with the UsdSgd falling to the 1.3690 support....

Asian Session - Waiting for NFP

Peter Rosenstreich — Fri, 01 Aug 2008 09:29:01 GMT

G10 Advancers and Decliners vs USD
	JPY	0.54
	CHF	-0.03
	EUR	-0.10
	GBP	-0.17

The Usd was able to hold on to late day gains in the Asian session, as weak initial jobless claims threaten to end the greenback strength. However, a late US session sell off in oil and less than hawkish comments from ECB members, quickly came to the Usd aid. The EurUsd traded lower from 1.5605 to 1.5550, while the UsdJpy bounced between 108.40 and 107.55. The AudUsd fell sharply lower, as a...

Asian Session - EuroZone CPI Up Next

Peter Rosenstreich — Thu, 31 Jul 2008 10:09:08 GMT

G10 Advancers and Decliners vs USD
	JPY	0.14
	CHF	0.04
	EUR	0.03
	GBP	0.02

The Usd traded sideways in Asian session, after the stronger ADP figures and rally on Wall Street pushed the greenback higher. The EurUsd traded in a 1.5525 to 1.5602 range, while the UsdJpy traded between 107.80 and 108.34. US stocks gained, as ADP pointed to a 9k gain vs. -60k, giving hope that Fridayʼs NFP will prove stronger then the -75k expected. The S&P gained 1.7% and 2 year Ts...

Asian Session - Crude Lower & Usd Higher

Peter Rosenstreich — Wed, 30 Jul 2008 09:31:48 GMT

G10 Advancers and Decliners vs USD
	JPY	0.15
	CHF	0.09
	EUR	0.09
	GBP	0.03

The Usd was higher in Asian session, as a combination of stronger bank stocks and lower crude prices gave the greenback a broad based boost. The EurUsd slid to 1.5554 from 1.5599, while UsdJpy was able reversed its downward trend in early Asia , rebounding to 108.20 from 107.88. The NzdUsd broke below critical 0.7368 support, trading to session lows of 0.7333, as bad news from the Kiwi financial...

US Session-Dollar Extends Recent Rally on Lower Oil and Positive News

Peter Rosenstreich — Tue, 29 Jul 2008 23:59:26 GMT

G10 Advancers and Decliners vs USD
	Sek	0.02
	Nok	0.02
	Aud	-0.02
	Cad	-0.05

The Usd showed considerable strength in the European session based on additional positive economic data out of the US. The EurUsd traded through the prior support level of 1.56 to the high 1.55 price area, while the UsdJpy rose sharply to the 108 level. The GbpUsd is trading with a 1.97 handle, down significantly from previous close near 1.99 due mostly to the recent turnaround in the dollar. ...

Asian Session - Waiting for Fresh Data

Peter Rosenstreich — Tue, 29 Jul 2008 09:23:54 GMT

G10 Advancers and Decliners vs USD
	EUR	0.01
	GBP	-0.02
	CHF	-0.04
	JPY	-0.13

The Usd was constricted to a tight range in the Asian session, as a lack of new data kept traders on the sideline. The EurUsd traded between 1.5737 – 1.5754, while the UsdJpy trended slightly lower from 107.60 to 107.30, on a string of stronger figures. The Jpy fueled carry trades were unchanged, with the king of carry,the TryJpy, trading around 88.950. Oil followed gold slightly higher to...

US Session-Dollar Falls on Housing Market Concerns

Peter Rosenstreich — Mon, 28 Jul 2008 22:10:25 GMT

G10 Advancers and Decliners vs USD
	Nzd	0.43
	Cad	-0.29

The Usd fell in the European session based on pessimism surrounding the current state of the housing market. The EurUsd traded nearly 50 pips higher at the mid 1.57 price, while the UsdJpy fell to the mid 107 area. The GbpUsd rebounded trading with a 1.99 handle based primarily on dollar weakness. Equity markets dropped sharply in both the US and Europe, as concerns regarding the credit...

Asian Session - NZD Artificially Strong

Peter Rosenstreich — Mon, 28 Jul 2008 08:58:57 GMT

G10 Advancers and Decliners vs USD
	JPY	0.23
	CHF	0.17
	EUR	0.07
	GBP	-0.07

The Usd was stronger at the start of the trading week in the Asian session. The EurUsd traded around the 1.5700 levels, while the UsdJpy failed to hold above the 108.00 level, slipping down to 107.84 as the day progressed. The NZD was supported by heavy margin buying, according to the Tokyo Financial Exchange publicly released data last week. The UsdNzd was able to rally of the 0.7409 session low...

Strong Economic Data out of the US Reverses Losses

Peter Rosenstreich — Fri, 25 Jul 2008 20:29:04 GMT

G10 Advancers and Decliners vs USD
	Nok	0.33
	Sek	0.21
	Aud	-0.14
	Cad	-0.41

The Usd traded lower early in the European session, but regained its losses on better than expected economic data. The EurUsd declined to the 1.56 price, while the UsdJpy rose to the high 107 level testing 108 as a point of resistance. The GbpUsd saw a strong rally early on, but most of the gains were erased after the dollar picked up strength, nevertheless the cable is still up slightly from...

Asian Session - Usd Under Slight Pressure

Peter Rosenstreich — Fri, 25 Jul 2008 10:17:41 GMT

G10 Advancers and Decliners vs USD
	CHF	0.42
	JPY	0.40
	GBP	0.23
	EUR	0.21

The Usd was slightly weaker in Asian session, as sell off in the equity markets and higher oil price put pressure on the greenback. The EurUsd traded in a 1.5640 – 1.5750 range while the UsdJpy traded from 107.98 down to 107.40. US economic data came in worse than expected, sending yields lower, S&P -2.3% and halting the growing sense of optimism surrounding the US. In addition, deterioration...

US Session-The Dollar Holds On Despite a Slight Rise in Oil

Peter Rosenstreich — Thu, 24 Jul 2008 22:00:22 GMT

G10 Advancers and Decliners vs USD
	Dkk	-0.14

The Usd carried its gains into the European session trading higher against most of the G10. The EurUsd continued to slide trading with a 1.56 handle, while the UsdJpy remains between the mid and high 107 price. The GbpUsd traded through the 1.99 level to 1.98, based on negative economic data out of the UK. Equity markets traded lower in the US and Europe based on deteriorating economic...

Asian Session - RBNZ Cuts Rates

Peter Rosenstreich — Thu, 24 Jul 2008 09:19:58 GMT

G10 Advancers and Decliners vs USD
	JPY	0.01
	CHF	-0.07
	EUR	-0.14
	GBP	-0.35

The Usd continued its strong run in Asian session as oil continued to sell-off to 6 week lows. The EurUsd fell to 1.5670 in early Asia. It attempted a weak rally above 1.5700 before slipping back to near session lows. The UsdJpy is pressuring the 108.00 resistance and NzdUsd collapsed on the RBNZ rate decision, trading down to 0.7418 (the last remaining support stands at 0.7385). The Usd buying...

US Session-Dollar Continues to Rally across the G10

Peter Rosenstreich — Wed, 23 Jul 2008 21:55:59 GMT

G10 Advancers and Decliners vs USD
	Cad	-0.23

The Usd rose in the European session based on a continued decline in oil prices and light volatility. The EurUsd traded down over 100 pips to 1.56, while the UsdJpy rose to the high 107 price. The GbpUsd is slightly off its early high of 2.00 at 1.99, based on a persistent trend of dollar strength. Equity markets traded higher in the US and Europe based on lower oil prices and a string of...

Asian Session - Usd Strengthen on Comments & Lower Oil

Peter Rosenstreich — Wed, 23 Jul 2008 09:59:08 GMT

G10 Advancers and Decliners vs USD
	GBP	0.07
	EUR	-0.11
	CHF	-0.18
	JPY	-0.48

The Usd consolidated gains in the Asian session as hawkish comments from US officials and oil falling sharply helped boost the Usd. The EurUsd stayed in a tight range from 1.5775 to 1.5798, while the UsdJpy saw choppy trading between 107.16 to 107.38. The NzdUsd slipped to 0.7750, as traders speculate on an earlier than expected rate cut. The AudUsd also lost ground, despite the higher then...

US Session-Dollar Strengthens on Decline in Oil

Peter Rosenstreich — Tue, 22 Jul 2008 18:55:51 GMT

G10 Advancers and Decliners vs USD
	Nzd	-0.34

The Usd traded lower overnight but rallied on a steep drop in oil prices during the European session. The EurUsd fell to the low 1.58 price, while the UsdJpy rose sharply to 107. The GbpUsd saw resistance at the 2.00 level moving back down to the low 1.99 area based on dollar strength. Equity markets fell in Europe, but saw modest gains in the US. Oil is the central theme in among the...

Asian Session - Dog Days of Summer

Peter Rosenstreich — Tue, 22 Jul 2008 09:03:34 GMT

G10 Advancers and Decliners vs USD
	CHF	0.47
	EUR	0.27
	JPY	0.25
	GBP	0.25

Usd was slightly weaker in Asian session on light trading and higher oil prices. EurUsd traded up to 1.5930 from 1.5832 while UsdJpy slipped from 106.93 to 106.32. The GbpUsd continued to outperform despite mounting bearish sentiment climbing above the 2.000 handle to 2.0039. AudUsd consolidated around the 0.9750 level while Nok is beginning to regain its forward momentum, with UsdNok pushing...