http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-07-01.htmlAnother month is coming to its end with markets having trouble adjusting to recent economic events. First of all, June was a very important month for the European Central Bank, as it celebrated its 10th anniversary. In the ten years which have passed since the formation of the ECB in 1998, its main goal has remained unchanged: to maintain price stability in all Euro-area nations and assist its steady economic growth. Team Trichet have managed to make the European economy one of the strongestTue, 01 Jul 2008 10:05:57 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-07-01.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-30.htmlThis week is set to be crucial for the dollars direction, as we have two very important economic events to look forward to; the ECB rate decision together with Trichet’s speech and the non-farm payroll data. Let’s start with what happened in the markets last week, as there was a big liquidation on Thursday in all markets, with DOW JONES and NIKEI dropping more than 300 points after Citigroup and several other big companies revealed more than 7000 job reductions. The fact the US economic dataMon, 30 Jun 2008 12:04:39 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-30.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-23.htmlWill This Weeks FED Rate Decision Give Dollar The Long Awaited Rally? Comment by  Lena Manousarides [ lena@fxgreece.gr  ] Another week starts with the EUR/USD falling sharply from 1.5625 all the way down to 1.55 after worse than expected IFO data from Germany. The fact that the number was lower than expected, together with PMI below the important 50 level, puts pressure on the Euro where a clear break of 1.55 would bring 1.5440 back in the game. Last week we saw the Euro gainingMon, 23 Jun 2008 11:59:13 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-23.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-02.v03.htmlWhat a week we had last week, with EUR/USD moving like a rollercoaster form 1.56 down to 1.5370 and then all the way back up to 1.5780 where it closed Friday night at New York. The week started profitably for the greenback, following comments from Chairman Ben Bernanke that the US economy is getting stronger and inflation is at high levels, something which the bank doesn’t like and will do everything in its power to avoid. These comments were taken from the markets as a FED warning thatMon, 02 Jun 2008 11:39:32 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-02.v03.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-02.htmlAnother week has started, with the economic calendar full of important releases. This week will definitely give us some idea regarding the dollar direction and most importantly if EUR/USD is heading again towards recent highs… Let’s start with what happened last week, as we had a new profound dollar rally that lasted most of the days till Fridays close. The news from US was all positive for the dollar, with durable goods orders, GDP and new home sales printing better than expected numbers.Mon, 02 Jun 2008 11:14:10 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-06-02.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-05-27.htmlAnother week is starting, with US and UK markets close on Monday due to holiday. The activity in the currency markets was very small, with thin liquidity the main event of the day. EUR/USD consolidated within a 50 points range, hitting 1.5790 high and 1.5740 low as traders were enjoying the day away from their screens. Last week we saw a lot of dollar weakness almost daily, what with economic data out of the US being negative and Euro zones data coming out much better than expected. Let’s notTue, 27 May 2008 13:14:59 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-05-27.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-03-17.htmlEUR/USD hit another all time high at 1.5910 during this morning’s Asian session. The move was aggressive with stops being hit all across the board and carry trades being liquidated at a fast pace. Last week we had plenty of action in all financial markets, with DOW JONES dropping hundreds of points and crude oil reaching 112. Dollar was clearly in the dumps all week and this is likely to continue at least until the FED meeting which takes place tomorrow. The fear and uncertainty of investors isMon, 17 Mar 2008 12:26:43 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-03-17.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-26.htmlAnother day another hit for the dollar, with EUR/USD reaching yet another new weekly high well above 1.4850 after better IFO news probed a break of important resistance level 1.4850. This morning there were rumours circulating the wires, that German IFO will print much lower than expected number and therefore we witnessed a selloff in the pair. The break of 1.4790 though was proved to be false after a brief low was printed at 1.4777. The move retraced aggressively though after the news showedTue, 26 Feb 2008 11:29:31 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-26.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-25.htmlAnother week has started with dollar still on the defensive, after last week’s very bad economic data and further speculations that America is heading for recession. EUR/USD closed last week well above 1.48 and that is certainly not good news for dollar bulls. If this week’s data are still negative, the pair might be heading for 1.49 ahead of 1.4965 which was the record high. Today the only important economic release is existing home sales and traders will be monitoring this closely in order toMon, 25 Feb 2008 09:23:52 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-25.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-06.htmlWhat a day we had yesterday, with EUR/USD taking a “dive” against all odds, and breaking important support levels in a matter of few minutes. The pair started at 1.4830 and printed a daily low just above 1.46. The move was aggressive and was attributed mainly in the falling DOW JONES and bad European economic data. Euro zone has started printing its first negative numbers in a long time, with both PMI and retails sales coming out unexpectedly low. Investors were caught off guard as the badWed, 06 Feb 2008 14:10:35 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-02-06.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-30.htmlThe big day has finally arrived with FOMC meeting being the main hot event for all global markets. Yesterday, we had durable goods orders out of US, printing a better number and therefore giving greenback a bid, taking EUR/USD down towards 1.47. The pair struggles to move either way, moving within tight range of 1.4735-1.4790. Today we have ADP report coming out, which will eventually give us an idea of how the non farm payrolls will be this Friday, with current analysts estimations giving it aWed, 30 Jan 2008 11:47:15 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-30.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-30.v02.htmlThe big day has finally arrived with FOMC meeting being the main hot event for all global markets.           Yesterday, we had durable goods orders out of US, printing a better number and therefore giving greenback a bid, taking EUR/USD down towards 1.47. The pair struggles to move either way, moving within tight range of 1.4735-1.4790.           Today we have ADP report coming out, which will eventually give us anWed, 30 Jan 2008 14:27:39 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-30.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-18.htmlAs we the week comes to end, the only big mover today has been the sterling once again but this time to the downside, with GBP/USD dropping 130 points in a few minutes after the retail sales release. The pair printed a daily high at 1.9724 but was unable to hold on to its gains, what with retail sales printing a low number since January 2007. Many traders secretly believed that due to strong retail sales this December, the number would come out better than expected and therefore bought sterlingFri, 18 Jan 2008 14:59:11 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-18.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-17.htmlWhat a day yesterday that was, with EUR/USD collapsing from 1.4820 all the way down to 1.4590 in only a matter of few minutes! The move was violent and stops got hit with traders exiting their long euro positions in fear of further fall in the pair. What caused this crazy move? Well initially what sparked the sell off in the pair were comments from ECB Mersch regarding the state of the European economy. In his interview he implied that the bank has to rethink its monetary policy and maybe startThu, 17 Jan 2008 10:56:20 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-17.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-16.htmlThe greenback managed to reverse all of its losses and even make new highs against the euro in an unexpected big move late last night…           What caused this move though wasn’t euro weakness as much, but risk aversion and DOW JONES plummeting to new lows. Markets are clearly contemplating the state of the American economy and with the yesterday’s data coming out extremely negative, with retail sales printing a bad number the same with PPI.  Wed, 16 Jan 2008 10:59:12 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-16.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-07.htmlFirst of all, Happy New Year to everyone, especially to those euro bulls who witnessed a great start to the New Year with the European currency regaining strength after two weeks of selling off. So, 2007 has gone and we start 2008 with the dear old greenback getting hammered once again and break important resistance levels, such as 1.4775 and then 1.48, to finally print a one month high for the EUR/USD at 1.4825. With market players back from their holidays complete with turkey-fuelledMon, 07 Jan 2008 10:16:20 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2008-01-07.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-28.htmlA few more days till the end of the year and dollar is still under pressure against most of its other counterparts. EUR/USD broke 1.4570 important resistance, and hasn’t looked back since then, printing a new high by the minute. At the time of writing the pair is just above 1.47 after 1.4680 was taken out easily. Under normal market conditions the pair would meet bigger resistance touching these levels, however the fact that its still holidays for many traders and therefore the liquidity isFri, 28 Dec 2007 15:18:47 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-28.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-27.htmlChristmas day came and gone, with currencies not doing much for these days as most traders were enjoying the festivities! EUR/USD is trading with a light tone since Friday, where the 1.43 level was not taken out after many attempts. This level is working now as good resistance and only a good and clear break of this level can give us scope for 1.41 in the coming weeks. The economic calendar was empty these days, however today there are a few releases that traders will want to monitor out of theThu, 27 Dec 2007 14:04:55 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-27.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-21.htmlAs today is the last day of the week and the last day before Christmas, it will be very interesting to see how the currencies will behave ahead of the holidays. Yesterday, GBP/USD continued its downward move breaking important support levels, only to find a temporary stop at 1.9810. The pound seems to be very weak against its other counterparts and especially the dollar. Reasons for this is more disappointing economic data out of the UK and also the fact that traders are now pricing in at leastFri, 21 Dec 2007 13:58:25 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-21.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-19.htmlAs we are moving towards the end of the week, there is a lot going on to keep us busy ahead of the Christmas holidays! Yesterday, currencies were moving within tight ranges, with EUR/USD still being trapped in 1.3965-1.4435 levels. A clear break out of these levels might give us short term the next move towards 1.43 or 1.45. Economic data out of the US were mixed yesterday, with Housing Stars although printed a better number than expected still it was quite bad. However, although dollar gotWed, 19 Dec 2007 14:48:30 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-19.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-17.htmlAnother week has started with dollar clearly strong ahead of the last full trading week of this year. After a very busy Friday, with EUR/USD breaking all important support levels, first at 1.4550 and then 1.4450, the pair made a monthly low at 1.4410. However the opening of the markets on Sunday evening, found more sellers in the pair, which resulted to the break of important 1.44. Today started again with dollar strength, as euro remained on the defensive, however euro bulls were ready toMon, 17 Dec 2007 15:12:35 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-17.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-14.htmlWhat an explosive day we had today so far, with EUR/USD trading heavy and breaking important support levels, firstly at 1.4520 which we said yesterday, and then 1.4485 to make a new monthly low at the time of writing at 1.4464. As we said yesterday, dollar seems to be on a corrective mood and today that confirmed with the first break of 1.45. The pair is trading out of bounds and it’s heavily oversold however a clear break of 1.4450 puts 1.4425 as the next level to watch. Today’s CPI data wasFri, 14 Dec 2007 15:31:01 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-14.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-13.htmlWhat a week this is turning out to be! Just when we started to think that the greenbacks strength had wasted away, we had resurgence these last few days, with EUR/USD trading with a heavy tone and generally finding difficulty to sustain gains over 1.47. Dollar looks strong today, after economic data revealed high PPI prices and a very good number in retail sales. EUR/USD is still confined in the 1.4650-1.4750 range at the time of writing, however a clear break of 1.4650 might take the pairThu, 13 Dec 2007 16:02:14 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-13.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-12.html         FOMC meeting came and gone, with dollar being the clear winner out of that event! The reasons though are not because all of a sudden investors became positive for the US economic outlook, but quite the opposite. Bernake delivered the news of 25 pbs cuts for both fund rate and discount rate, with a dovish statement that pointed out potential slowing in the economic growth and markets were clearly disappointed by that outcome. Under normal marketWed, 12 Dec 2007 12:44:28 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-12.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-11.html            The most important day of the month is here, with FOMC meeting just a few hours away. Yesterday we had a relatively quiet day with pound the only currency with the most volatility as it kept rising all across the board due mostly to GBP/JPY, as carry traders are back!.             Today there is a lot of activity in the pairs as traders position themselves for the greatTue, 11 Dec 2007 12:50:27 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-11.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-10.html                Let’s get ready for a busy week as not only do we have many economic releases out of the US but we also have the FOMC meeting tomorrow with the Feds decision the most awaited event of the month. Many speculators have already started to price in a 25 points cut, but the general feeling is that Bernanke and pals wont give in to the market’s pressure for further easing of the interest rates.Mon, 10 Dec 2007 11:32:20 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-10.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-07.html               This week is coming to an end, with EUR/USD trapped in a tight range of 1.4550-1.47. After a relatively busy trading week, with dollar gaining all across the board, traders were waiting today’s payroll data for more insight as to what the FED will do next week.                 Most analysts believe that FED will cut the rates by 25 pbs,Fri, 07 Dec 2007 16:19:30 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-07.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-03.htmlLast week saw the dollar strengthening against all the currencies and especially the euro, with EUR/USD breaking important support levels firstly at 1.4725 and then 1.4685, to close the week at 1.4625. The dollar was the winner and although the economic data was disappointing once again, still dollar managed to gain all across the board.                 The main reasons for dollar strength were firstly the fact thatMon, 03 Dec 2007 14:42:12 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-12-03.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-30.html                Another week is coming to an end, with dollar having an interesting week, as the currency gained against the euro for most of it. The economic data still are coming out on the negative side for the greenback, however until the payroll data next week; we won’t have a big reaction from the markets, as there is already negative sentiment.Fri, 30 Nov 2007 15:17:57 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-30.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-29.htmlWhat a week this is turning out to be! Just when we started to think that the greenbacks strength had wasted away, we had resurgence these last few days, with EUR/USD trading with a heavy tone and generally finding difficulty to sustain gains over 1.48. Yesterday, we saw euro weakening during the day, when traders were pairing back their long positions and therefore send the pair below 1.4750. However the move reversed later on, when a flurry of purchasing activity sent the pair towards recentThu, 29 Nov 2007 13:27:33 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-29.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-28.html                 Is it time for dollar to start gaining against the euro? Well if you take a look at the prices this morning you might say that there is a big possibility for more dollar gains.                 Yesterday the dollar got sold off during the New York session and EUR/USD reached 1.49 in a move that retraced heavily in the nextWed, 28 Nov 2007 12:41:32 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-28.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-27.v03.htmlThis week started with dollar getting some boost against the euro, after Monday proved to be yet another positive day for the greenback for most of the European session. However, when the Americans entered the market this picture changed and we saw a massive sell off in all carry trades as risk aversion hit the markets once again.             All yen related pairs took a dive, with USD/JPY printing a 2 year low at 107.20. The renewed fearsTue, 27 Nov 2007 12:27:25 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-27.v03.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-27.htmlThis week started with dollar getting some boost against the euro, after Monday proved to be yet another positive day for the greenback for most of the European session. However, when the Americans entered the market this picture changed and we saw a massive sell off in all carry trades as risk aversion hit the markets once again. All yen related pairs took a dive, with USD/JPY printing a 2 year low at 107.20. The renewed fears of further slowing caused by the sub prime crisis, gave reasons toTue, 27 Nov 2007 12:04:20 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-27.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-19.v02.htmlAnother week is just starting and the currencies are trading within tight ranges, ahead of tomorrows FOMC meeting.             Last week EUR/USD kept the 1.4580-1.47 range and only on Friday we saw some action, after rumors of potential reserve diversification by the Middle East countries hit the wires. The economic data was mixed for the dollar with CPI coming slightly higher but retail sales worse than expected.Mon, 19 Nov 2007 16:51:03 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-19.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-19.htmlAnother week is just starting and the currencies are trading within tight ranges, ahead of tomorrows FOMC meeting.                 Last week EUR/USD kept the 1.4580-1.47 range and only on Friday we saw some action, after rumors of potential reserve diversification by the Middle East countries hit the wires. The economic data was mixed for the dollar with CPI coming slightly higher but retail sales worse than expected.Mon, 19 Nov 2007 12:44:29 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-19.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-13.htmlWhat a day proved to be Monday, what with all yen pairs dropping aggressively as carry trades were liquidating all day long. The reason why we saw dollar gaining all across the board was not really because investors had a change of heart regarding the negative dollar sentiment, but due to risk aversion.                 EUR/USD was mainly down during the day yesterday; however Asian session saw the pair retracing theTue, 13 Nov 2007 11:06:45 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-13.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-12.htmlAnother week has started, with EUR/USD off its best levels at 1.4750, a new record high which was printed on Friday.                 Friday was a day full of volume for all currencies, with yen carry trades liquidating for most of the day. Some rumors were circulating across the wires, that China would raise its interest rates in order to fight inflation, and that send yen in a buying trip with USD/JPY and GBP/JPYMon, 12 Nov 2007 12:38:19 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-11-12.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-31.htmlThe big day is finally here, with dollar getting the worst of both Asian and European session, with EUR/USD closer to 1.45 than ever before! Yesterday, we had consumer confidence, which printed again low number and therefore sparked a new wave of dollar selling all across the board.             With EUR/USD near 1.45 and GBP/USD above 2.0700 it will be interesting to see how the markets will react after the New York open, as we have a bigWed, 31 Oct 2007 13:03:41 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-31.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-30.htmlAnother day, another wave of selling in all dollar related pairs, with both EUR/USD and GBP/USD being trading high and latter touching Julys highs at 2.0655.             Yesterday we didn’t have any news in the economic calendar, therefore the lack of data, in combination with return of risky carry trades; saw big moves in all yen related pairs and sterling.             With tomorrowTue, 30 Oct 2007 14:32:22 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-30.htmlhttp://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-29.htmlAnother week, another new low for the dollar, with EUR/USD well above 1.44 at Monday open. As the pair keeps trading above 1.44, there is a lot of speculation about how high will it reach before some kind of correction occurs…             Last week, although we didn’t have much economic news in the calendar, nevertheless the ones we had were really bad for the greenback, with housing numbers printing yearly lows. Market players did sellMon, 29 Oct 2007 11:05:16 GMThttp://www.fxstreet.com/fundamental/market-view/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/fundamental/market-view/fx-daily-commentary/2007-10-29.html