US Dollar Outlook Hinges on ISM and Jobs Data, Euro Crisis News Flow
- EUR: Debt Crisis, Risk Trends Vie for Control Over Price Action
- GBP: Thin Economic Calendar Leaves Macro Themes in Control
- JPY: Standstill Likely to Continue Amid FX Intervention Fears
- CAD, AUD, NZD: Stock Market Performance Still Key Catalyst
Dollar in a Holding Pattern as the Market Awaits September Fed Meeting
Though fundamental troubles are more engrained and volatility still exceptionally high; the US dollar is facing an uneasy period of congestion over the coming weeks. The possibility of QE3 (or something like it) in a few weeks time is effective enough to stall the dollar and background speculative drives.
US Dollar Climbs as Stocks Advance Ahead of ISM, NFPs
The Dow Jones FXCM Dollar Index (Ticker: USDollar) was markedly higher at the close of trade in New York as it approaches key technical resistance ahead of crucial data tomorrow and Friday.
Dollar in a Holding Pattern as the Market Awaits September Fed Meeting
Though fundamental troubles are more engrained and volatility still exceptionally high; the US dollar is facing an uneasy period of congestion over the coming weeks. The possibility of QE3 (or something like it) in a few weeks time is effective enough to stall the dollar and background speculative drives.
EUR/USD: Trading the U.S. ISM Manufacturing Report
Manufacturing in the world’s largest economy is expected to contract in August, and the development could heighten speculation further easing as the Fed aims to balance the risks for the region.