Daily Forex News USA (August 2012)

Aug 7 • Market Analysis • 2297 Views • 2 Comments on Daily Forex News USA (August 2012)

Forex News means yesterday and today’s news. This is because of the numerous factors that can affect Forex trading. The past provides historical data, the present provides future movement.  This article will discuss trending US Forex News, as close to real time as possible in order to provide traders and enthusiast with information relevant to strategies, indicators and expert opinions. Bear in mind that these news maybe accurate but the best traders will check, double check, triple check the data.

Forex News: Non-Farm Figure (August 1, 2012)

There is very little movement in the USD for the start of August. This is not because of the weakness of the USD. But rather because of some traders are waiting for news relevant to USD movement. Other major currencies took advantage in this lull in the USD movement to increase their percentage in points as opposed to weaker currencies and even as against the USD. Of particular importance is the Fed initiative on quantitative easing. Of course this will provide long term benefits to USD but in the short term losses should be expected.

Forex News: USD/JPY Currency Pair (August 2, 2012)

The high expectations on US ADP Non-Farm Employment have propelled the USD on the foreign exchange market in general. For example the US dollar closed 30 pips more than the Japanese yen. As a general rule traders are still moving conservatively because they are waiting for news from the ECB relative to Euro investments. However this news has been eclipsed by potential news that could increase the volatility of the US dollar. These include but are not limited to:

  • Spanish 10 year bond auction
  • US weekly claims for unemployment
  • Corrective measures on US Non-Farm Payroll figures
  • ECB news next trading day


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Forex News: USD and Risk-Aversion (August 3, 2012)

The failure of the European Central Bank (ECB) to provide relevant news indicative of potential avenues for Euro growth has dampened Euro enthusiasts. This is positive news for the USD in general. As a result the USD gained in leap sand bounds as against most of its high yield currency rivals. This is to be expected and is a welcome respite to the last two days of relative slow trades. For example, the USD/CHF currency pair closed at 130 percentage in points (pips). The AUD/ USD currency pair fell close to 90 percentage in points (pips) in the afternoon. Of course keep in mind that regardless of how good the USD market is you still need to keep your eye on specific EURO currency pairs because what goes down eventually must come up. Of course as it stands it will take a little longer.

In Closing

The USD is expected to trade well for the 3rd quarter of 2012. To be honest this is not mainly because of the inherent merits in the US economy. Rather it is indicative of the weakness of the Euro. What this means is that the US has to find ways to keep this momentum going. Or else they risk losing the momentum they have right now or they may find themselves sin the situation of the Euro a couple of years ago.

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