USD (US Dollar)
The US Dollar is the single most popular currency in the world, and is the dominant reserve currency in use around the globe. The USD is often called 'The Greenback' in reference to its green coloring and can often be a favorite vehicle of traders looking to buy assets from or in The United States. When risk aversion runs high, traders will often look to buy US Treasuries, which can create demand for US Dollars.
USD News and Analysis
Currency markets are in for another week of breakneck volatility as a slew of key data releases and three high-profile monetary policy announcements cross the wires.
Gold Plummets to 4-Year Lows as Fed Ends QE- $1206 Resistance
Gold prices plummeted this week with the precious metal off by more than 5.2% to trade at $1166 ahead of the New York close on Friday.
AUD Poised For Intraday Volatility On Torrent Of Top-Tier Data
The Aussie is bracing for a medley of economic releases that may catalyze intraday swings, yet scope for follow-through may be limited amid steadfast RBA bets.
British Pound Holds on by a Thread - What to Watch in Week Ahead
The British pound finished the week notably lower versus the resurgent US Dollar, but a busy week of economic event risk ahead suggests the GBP/USD may see big moves and could ver... Usd Aiming Higher as Upbeat Jobs Data Fuels Fed Hike Bets
US Dollar looks poised to continue to advance for a third week as upbeat payrolls data fuels speculation that a Fed interest rate hike will arrive sooner rather than later.
USD Jumps against ZAR, PLN, & HUF Post FOMC Meeting
A more hawkish FOMC statement has placed pressure on emerging market currencies as the dollar jumps on renewed confidence.
CBR Drastically Raises Key Rate to 9.5%: USDRUB Respects Resistance
CBR elevates their key interest rate by 150 bps in an effort to restore macroeconomic stability. The USDRUB responds closing the week under resistance at 43.00.
USD Range Expansion Levels at 113.10 and 115.00
USDJPY 115.00 (prior range added to the breakout) sticks out as an obvious objective. 113.10 is a possible pausing point (61.8% of prior range added to breakout level) though.
USD/ZAR Finds Support with an Upside Target
Opposing economic outlooks leaves the USDZAR finding support with an upside target after a period of correction. Weakened economic growth in South Africa is contrasted by renewed c... The Weekly Volume Report: USD Surges, Volume Begins to Come Back
Instruments covered this week: EUR/USD, USD/JPY & USD/CHF
US Dollar Trading Forecast
|Usd Aiming Higher as Upbeat Jobs Data Fuels Fed Hike Bets||bullish|
Forex Economic Calendar
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|12:30||USD Durable Goods Orders (SEP)||-1.3%||0.5%||-18.3%|
|14:00||USD Consumer Confidence (OCT)||94.5||87||89|
|18:00||USD Fed QE3 Pace (OCT)||$0B||$0B||$15B|
|18:00||USD Fed Pace of Treasury Purchases (OCT)||$0B||$0B||$10B|
|18:00||USD Fed Pace of MBS Purchases (OCT)||$0B||$0B||$5B|
|18:00||USD Federal Open Market Committee Rate Decision (OCT 29)||0.25%||0.25%||0.25%|
|12:30||USD Gross Domestic Product (Annualized) (3Q A)||3.5%||3.0%||4.6%|