http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-03.htmlWill the ECB Raise Interest Rates Beyond July? British Pound Falls Victim to Weak Economic Data How to Trade Non-Farm Payrolls The US dollar has weakened ahead of the June non-farm payrolls report. According to payroll provider ADP and Challenger Gray and Christmas, the US labor market deteriorated significantly last month. ADP reported a 79k drop in payrolls while Challenger reported a more than 46 percent increase in layoffs. There is absolutely no reason to believe that the labor market hasThu, 03 Jul 2008 05:45:13 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-03.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-02.htmlEuro: More Reasons to be Hawkish British Pound Fails to Hold 2.0 Big Reversals Lift the US Dollar The US dollar has been driven higher by big reversals in the stock market and in the manufacturing sector. The Dow Jones Industrial Average was down as much as 160 points intraday before it reversed sharply to end the day in positive territory. Part of this strength was due to stronger than expected sales by General Motors. The big fear in the markets today was that Toyota would overtake the GM inWed, 02 Jul 2008 05:42:57 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-01.htmlEuro: Alternatives for the ECB British Pound: Consumer Confidence Hits Record Low US Dollar: End of Quarter Flows When the European markets opened for trading this morning, the greenback came under the same brutal selling pressure that we have seen throughout the previous trading week. The US dollar even fell to a new 25 year low against the Australian dollar, but quarter end flows quickly hit the markets, helping the dollar recover all of its earlier losses. Today is the end of the secondTue, 01 Jul 2008 05:38:08 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-07-01.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-30.htmlECB to Raise Rates in July, but then What? British Pound On its Way to 2.0 Big Week Ahead for the US Dollar The US dollar continued to sell-off for the third consecutive trading as the Fed’s disappointment hangs over the market. Personal income and personal spending both increased more than expected thanks to stimulus rebate checks. However apparently the BEA included the tax rebates in the personal income calculation which means that it could easily reverse in the coming months. The PCEMon, 30 Jun 2008 05:53:14 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-27.v02.htmlEuro: On Its Way to 1.58 British Pound Hits 7 Week High Meltdown in Stocks Hurts the Dollar In the first minute of trading, the Dow Jones Industrial Average broke its Bear Stearns low. The combination of higher oil prices, the technical break in the Dow and news that Goldman Sachs put Citigroup stock on its sell list sent equities tumbling more than 200 points on an intraday basis. The currency market was already bearish dollars following the Fed’s interest rate decision yesterday and today’sFri, 27 Jun 2008 05:38:48 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-27.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-26.htmlEuro Breaks Higher as Market Shifts Focus to ECB EUR/JPY Hits Record High Is the Dollar Rally Over? The Federal Reserve left interest rates unchanged at 2 percent and upgraded their degree of hawkishness but unfortunately for dollar bulls, the Fed was not hawkish enough (Detailed Take on the FOMC). What currency traders came to realize was that even though the Fed could still raise interest rates in September, the ECB will beat them to them punch. Federal Reserve members are in no rush to showThu, 26 Jun 2008 05:48:57 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-25.htmlEuro: France versus Germany British Pound Recovers Despite Lack of Data How to Trade the Fed Rate Decision The FOMC interest rate decision is less than 24 hours away and the currency market is itching for a breakout. FX option volatilities are nearing 4 month lows and whenever they get to such extreme levels, a sharp expansion in volatility is usually right around the corner. USD/JPY for example has been fluctuating within a slightly more than 100 pip trading range since last Thursday whileWed, 25 Jun 2008 05:46:41 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-25.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-24.htmlECB: One Hit Wonder? British Pound Sells Off on Dovish Comments Currency Traders Tread Carefully on Fears that the Fed Will Be Non-Committal The Federal Reserve begins their two day monetary policy meeting tomorrow and judging from the price action of the US dollar and reports from the press, dollar bulls are treading carefully on the fear that the Federal Reserve will be non-committal. The continual rise in food and energy prices is adding to the burden on US consumers. The unemployment rateTue, 24 Jun 2008 05:43:26 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-24.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-23.htmlEuro: Has Inflation Hurt Businesses? Can the British Pound Extend its Gains? US Dollar: First Oil Summit, then Fed Meeting The US dollar faces two major event risks next week – the Oil Summit in Jeddah and the FOMC rate decision. This weekend, Saudi Arabia will be hosting an Oil Summit in the city of Jeddah, located on the coast of the Red Sea. They have invited executives from oil companies, leaders of nations and the world’s largest oil producers. Oil is the world’s biggest problem and theMon, 23 Jun 2008 05:54:37 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-20.htmlSNB Leaves Interest Rates Unchanged, EU Worried About Inflation British Pound Soars as Consumer Spending Growth Hits Record Levels US Dollar: Unfazed by Mixed Economic Data Despite mixed economic data, the US dollar strengthened against both the Euro and Japanese Yen. The Philadelphia Fed index was unambiguously weak but leading indicators beat expectations. The manufacturing sector is supposed to be the single biggest beneficiary of dollar weakness but unfortunately that has not been theFri, 20 Jun 2008 06:10:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-20.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-19.htmlEuro Edges Higher, SNB Expected to Leave Interest Rates Unchanged UK Retail Sales May Not Help the British Pound Breakout of its Range Federal Reserve: A Rate Hike in the Third Quarter With no economic data released today, the US dollar weakened modestly as traders toy with the idea of whether the Federal Reserve will raise interest rates in the third quarter. Fed fund futures are currently pricing in a 92 percent chance of a quarter point rate hike in September. One of the primary argumentsThu, 19 Jun 2008 09:06:13 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-18.htmlDollar Finds Little Help From Heavy Concentration of Data Euro Rides Out Rising Pessimism On Rate Hopes Dollar Finds Little Help From Heavy Concentration of Data Tuesday’s US economic docket offered the dollar its most concentrated event risk for the week; yet the otherwise volatile data would deliver few surprises for a market that is already veraciously discounting future Fed rate decisions. The morning opened with a range of data that would cover both growth and inflation trends. WithWed, 18 Jun 2008 11:47:02 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-18.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-17.htmlEurope’s Inflation Problems Bank of England Could be Forced to Outline Plans to Curb Inflation US Dollar: The Triple Blow The US dollar suffered a triple blow today from the lack of any direct comment about the dollar at the G8 meeting and weaker economic data. The Finance Ministers of the G8 nations have now relegated the task of talking about currencies to attendees of the G8 Summit in July since the communiqué made no mention about the need to strengthen the US dollar and instead focused onTue, 17 Jun 2008 12:00:43 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-17.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-16.htmlEuro Hit by Ireland’s Rejection of the Lisbon Treaty British Pound Held Back By the Dollar Can the Dollar’s Sustain its Momentum Next Week? Since the beginning of this week, the Euro has fallen more than 500 pips against the US dollar, its biggest weekly gain in 3 years. The prospect of a rate hike by the Federal Reserve in August and/or September as well as key event risks over the next 48 hours has currency traders rushing out of Euros. This morning, headline consumer prices grew by a moreMon, 16 Jun 2008 10:52:22 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-16.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-13.htmlEuro Hit by US Data British Pound Nears 3 Months Low US Dollar: 96% Chance of a September Rate Hike? The US dollar has strengthened across the board following a much better than expected retail sales report. Consumer spending increased 1.0 percent in May, the strongest pace of growth in 6 months thanks to tax rebates and higher gasoline prices. Aside from the miscellaneous category, retail sales increased across the board. As the Bush Administration has hoped, Americans are spending ratherFri, 13 Jun 2008 05:42:52 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-13.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-12.htmlHow Will US Retail Sales Impact the Dollar? British Pound Shrugs Off Weaker Economic Data Euro: 3 Reasons Why a New High Will be Difficult In yesterday’s Daily Fundamentals, we talked about the factors contributing to the rise in the US dollar and how much further it could rise. Today, we take the perspective of the Eurozone and 3 reasons why the Euro will have a hard time hitting a new high. The tug of war between Bernanke and Trichet is now very apparent with the Wall Street Journal talkingThu, 12 Jun 2008 05:37:58 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-12.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-11.htmlECB: In State of Heighted Alert British Pound Hit By Dollar Strength How Much Higher Can the US Dollar Rise? So far it has been a very good week for the US dollar, which has seen its biggest two day rise in 3 years. In fact, against every major currency except for the Euro and Swiss franc, the greenback has erased all of last week’s losses. Last night, in an exclusive interview with The Times of London, US President George W Bush joined the chorus of government officials calling for a strongerWed, 11 Jun 2008 06:06:45 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-11.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-10.htmlThe EUR/USD Range Trade Soaring Inflation Drives the British Pound Higher US Treasury and Federal Reserve Join Forces to Talk Up US Dollar With inflation skyrocketing and gas prices hitting an average of $4 a gallon, the US government wants the dollar to rise. Federal Reserve Chairman Ben Bernanke first hinted that FX intervention is possible last week and today US Treasury Secretary Paulson confirmed that the US government is not ruling out any policy tool including intervention. The lastTue, 10 Jun 2008 05:49:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-10.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-09.htmlEuro Unfazed By German Growth As ECB Rate Warnings Drive Bulls Commodity Dollars: Canadian Dollar Treads Water As Record Oil Offset Weak Labor Data US Dollar Roiled After Weak NFP Report Cuts Rate And Growth Expectations It was a dramatic end to the week for the US dollar and the markets in general. The NFP release lived up to its title as the top market-moving indicator with a reading that sent the greenback tumbling for a second consecutive session and the Dow plunging nearly 400 points. AMon, 09 Jun 2008 05:57:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-09.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-06.htmlEuro Surges As ECB’s Trichet Indicates They May Be Hawkish Enough To Hike in July Pound Recovers Early Morning Losses After BoE Keeps Rates Steady US Dollar Stumbles Ahead of Non-Farm Payrolls – Could They Fall By 100K? The US dollar fell against many of the majors including the euro and British pound, but the move was driven primarily by European fundamentals rather than those out of the US. While we did see initial jobless claims surprisingly improve to 357K from 375K, this is not enough toFri, 06 Jun 2008 05:43:37 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-06.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-05.htmlBritish Pound Slumps As UK Services Sector Contracts, BOE Expected To Leave Rates Steady Commodity Dollars: Aussie Jumps On GDP, Kiwi Plummets As Rate Cuts Come Into View US Dollar Advance Furthered By Data Supporting NFP, Growth Speculation The dollar’s upside trajectory was maintained Wednesday, though its advance certainly lost some of its steam from yesterday. This tame volatility is likely a result of market participants yielding to major technical levels ahead of Friday’s non-farmThu, 05 Jun 2008 07:19:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-05.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-04.htmlEuro: Euro-zone Retail Sales Could Prove To Be Disappointing On Wednesday British Pound Sees Fundamental Road Bumps Ahead Of The BoE Rate Decision US Dollar: Fed Chairman Bernanke Jumps on Hawkish Bandwagon, Finally Notes Dollar Weakness The US dollar rocketed higher on Tuesday following a speech by Federal Reserve Chairman Ben Bernanke, in which he issued hawkish commentary and finally commented on weakness in the national currency. Indeed, Bernanke ended any existing debate that the FedWed, 04 Jun 2008 05:49:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-04.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-03.htmlEuro Strength Is Hurting Manufacturers, But Don’t Expect A ECB Rate Cut This Week British Pound: Will The Next Credit Crunch Be Triggered By The UK? US Dollar Finds Volatility With Manufacturing Survey, Safe Haven Flows There is a considerable amount of event risk on the global economic calendar this week; but the US dollar is looking to only a few heavy-hitting fundamental releases for price action. The first of these major market movers was this morning’s ISM manufacturing survey. In theTue, 03 Jun 2008 05:52:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-03.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-02.htmlEuro Growth Comes Under Fire Just As ECB Decision Approaches Commodity Dollars: Canadian Economy Contracts For The First Time In Nearly Five Years US Dollar Weighed Down By Slowing Spending, Watch for NFPs Next Week The US dollar inched lower on Friday as US indicators only added to the pile of evidence suggesting that the economy is far from recovery mode. First, personal spending and personal income both slowed to a 0.2 percent pace during the month of April, indicating that consumption isMon, 02 Jun 2008 08:17:14 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-06-02.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-30.htmlEuro Tumbles As A Break In Employment Overwhelms Strong Retail Figures British Pound Weighed Down By Sharp Drop In UK Home Prices US Dollar Rally Extended As Growth, Rate Forecasts Lifted Conditions seem to be improving for the ailing US dollar. A strong showing from the economic docket, falling crude prices and a boost to interest rate expectations all helped to drive the greenback to its third consecutive rally today. Looking at the fundamental source of this dollar strength, the firstFri, 30 May 2008 05:47:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-30.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-29.htmlEuro: Economic Data Highlights ECB’s Slowing Growth, High Inflation Conundrum British Pound May Sustain Its High Volatility Thanks To A Busy Calendar US Dollar Rally Cut Short by Drop in Durable Goods Orders The US dollar rallied across the majors throughout much of the European trading session, but the release of data during the US trading session cut the move short. Indeed, the Commerce Department's most recent durable goods report showed that new orders fell 0.5 percent in April, led by aThu, 29 May 2008 05:33:41 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-29.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-28.htmlEuro’s Advance Curbed By Sharp Drop In German Consumer Confidence British Pound Tumbles as UK Housing Sector Continues to Deteriorate US Dollar Finds Traction Despite Very Weak Data - A Sign Of Strength? The dollar was inundated with economic releases today; yet the solid wall of bearish market-movers wouldn’t curb a steady dollar rebound. The return of US volatility from the extended holiday weekend allowed traders to reevaluate last week’s anti-dollar run and put the single currency back onWed, 28 May 2008 05:23:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-28.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-27.htmlEuro: Will the German Economy Remain the Engine of Euro-zone Growth? British Pound: Will the Focus Shift Away from Inflation to the UK Economic Slowdown? US Dollar Faces Nasty Mix of News on Tuesday The US dollar did nothing but consolidate last week’s losses on Monday, as the markets remained quiet on the Memorial Day holiday in the US. However, volatility could return in a big way on Tuesday as a spate of US economic releases are likely to signal one thing: conditions remain awful. Indeed,Tue, 27 May 2008 06:00:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-27.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-26.htmlEuro: Headed Back to 1.60? Can the British Pound Hold Onto its Gains? The Vulnerabilities of the US Dollar The US dollar weakened significantly this past week as rising oil prices revealed the vulnerabilities of the US economy. Companies are beginning to struggle and have been forced to come up with more creative ways to deal with the energy crisis. With crude oil prices hitting $135 a barrel and gasoline in many states topping $4 a gallon, US companies are making cuts across the board. FordMon, 26 May 2008 05:52:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-26.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-23.htmlEuro: Inflation vs. Growth British Pound Presses Higher Fed to Pause in June, But Don’t Rule Out More Rate Cuts The US dollar weakened significantly this past week as oil prices skyrocketed and stocks plummeted. Today however was a day of recovery with stocks and the dollar rebounding and oil prices easing. Whether this recovery turns into something more meaningful remains to be seen since this morning’s US data contained underlying weakness. More specifically, even though jobless claimsFri, 23 May 2008 06:15:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-23.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-22.htmlWhy the Euro Has Rallied British Pound Extends Gains on Inflation Fears US Dollar Sells Off as the Outlook for the Economy Worsens The US dollar weakened across the board today as stronger economic data from around the world highlighted the underperformance of the US economy. Australian, German, Canadian and New Zealand economic data all surprised to the upside while MBA mortgage applications, which was the only number released from the US dropped 7.8 percent to match its year to date low.Thu, 22 May 2008 11:57:02 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-22.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-21.htmlEuro Breaks Out on Speculation that the ECB Could Raise Rates British Pound Soars Ahead of BoE Minutes Are Higher Oil Prices Hurting or Helping the US Dollar? Dollar weakness dominated the markets today with the greenback selling off against every major currency except for the Canadian dollar. Liquidation is the theme as the Dow Jones Industrial Average plunged approximately 200 points. Fear that rising oil prices will continue to push inflation higher was validated by the hawkish commentsWed, 21 May 2008 06:05:15 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-21.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-20.htmlWill This Be A Dollar Positive Week? Is the Euro Becoming Immune to Hawkish Comments? British Pound Resumes Weakness Despite Stronger Housing Market Data Will This Be A Dollar Positive Week? The US dollar has started the week strong thanks to the better than expected leading indicators report. For the second month in a row, leading indicators increased, suggesting that the US economy may not be in a recession. Although the numbers are definitely encouraging, we believe that recession or noTue, 20 May 2008 13:31:20 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-20.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-19.htmlCan the Euro Extend its Gains British Pound: Strength to be Tested Big Moves in the Currency Market For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. Even though the moves today in all 3 of these currency pairs have been relatively significant, especially in the EUR/USD, they pale in comparison to the moves in the Australian and New Zealand dollars. The Australian dollar hit a new 24 year highMon, 19 May 2008 06:56:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-19.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-16.htmlEuro: Looking for Fresh Direction Is the Sell-off in the British Pound Over? A Weak US Dollar May Not Be Good Enough Since the beginning of the year, the US dollar has fallen 5.9 percent against the Euro and 6.7 percent against the Japanese Yen. For many countries, including the US, a weak dollar has caused major problems ranging from deteriorating export growth to inflation. The one good thing that the weaker dollar was supposed to do is to save the US manufacturing sector. Unfortunately,Fri, 16 May 2008 09:20:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-16.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-15.htmlEuro Left Out of the Action British Pound Hits 2.5 Month Low Softer Inflationary Pressures Fail to Stifle the Dollar’s Gains The US dollar extended its gains against every major currency. Softer consumer prices have failed to stifle the dollar’s recovery as the market wonders how much longer producers will be able to bear the brunt of higher prices. Core prices increased by only 0.1 percent last month while headline prices increased 0.2 percent. A decline in housing rentals dragged coreThu, 15 May 2008 05:58:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-15.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-14.htmlEurozone Economic Calendar Heats Up British Pound Fails to Rally Despite Inflationary Pressures Dollar Saved by Retail Sales US retail sales decreased 0.2 percent in the month of April, but the US dollar skyrocketed as there was strength beneath the headline number. Excluding autos, sales actually increased 0.5 percent and despite the rise in gasoline prices, gas station receipts actually fell. This suggests that Americans are driving less and buying fewer cars. This weekend, the NY TimesWed, 14 May 2008 05:47:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-14.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-13.htmlEuro Strength May Continue British Pound Struggles to Hold Onto Gains Impact of Retail Sales on the US Dollar The biggest event risk for the US dollar this week will be the April retail sales report. Since hitting a record low against the Euro in the middle of last month, the greenback has strengthened significantly. However as the market finally latches onto the recent strength of the dollar, we are actually beginning to see a shift in its trend. Since Thursday, the EUR/USD has alreadyTue, 13 May 2008 10:16:39 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-13.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-12.htmlEuro: Trichet’s Hawkish Comments Put to the Test British Pound: Busy Week Ahead US Dollar: Selectivity Remains the Key The US dollar has satisfied both bulls and bears this week depending upon the currency pair in question. In last Friday’s Daily Fundamentals, we said that “although we expect a continual rally in the US dollar, traders need to be careful of what they buy.” We had indicated that the dollar could rally against the Euro and British Pound but was nearing resistance against theMon, 12 May 2008 05:55:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-12.htmlhttp://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-09.htmlDollar Tests Two Month Highs As Sales Activity Improves Commodity Currencies Encounter Heavy Event Risk From Employment Reports Dollar Tests Two Month Highs As Sales Activity Improves The relative quiet of the economic docket has proven to be a boon for the dollar’s evolving reversal so far this week. Through Thursday’s session the greenback climbed to a more than two-month high against the euro, British pound and Swiss franc. And, while fading fundamentals on the other side of these pairsFri, 09 May 2008 05:39:28 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxcm.com (FXCM)http://www.fxstreet.com/fundamental/market-view/daily-market-briefing/2008-05-09.html