http://www.fxstreet.com/technical/market-view/weekly-update/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/weekly-update/2009-11-17.htmlUSD – The greenback once again trekked along an uneven path last week as market participants sought to garner insight into the health of the world’s largest economy and the direction of its currency, from key economic drivers and market risk sentiment. The dollar remained largely range-bound during the first half of last week, breaking out of its range to stage a brief rally Thursday, on the back of improving Jobless Claims data (initial: 502K during 11/7 wk. vs. 514K prior; continuing: 5631KTue, 17 Nov 2009 06:01:18 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-11-17.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-17.htmlUSD – The greenback once again trekked along an uneven path last week as market participants sought to garner insight into the health of the world’s largest economy and the direction of its currency, from key economic drivers and market risk sentiment. The dollar remained largely range-bound during the first half of last week, breaking out of its range to stage a brief rally Thursday, on the back of improving Jobless Claims data (initial: 502K during 11/7 wk. vs. 514K prior; continuing: 5631KTue, 17 Nov 2009 06:01:18 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-17.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-10.htmlUSD – In what appears to be a recurring phenomenon, the greenback was once again tossed to-and-fro by the winds of economic news and risk sentiment throughout last week and this morning. A barrage of key data releases last week had market participants frantically searching for direction and a firm footing for the dollar. The opening of the week ushered-in sanguine news lending credence to the notion of a gradual, yet steady recovery, while the latter half brought with it ominous signs thatTue, 10 Nov 2009 06:36:43 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-11-10.htmlUSD – In what appears to be a recurring phenomenon, the greenback was once again tossed to-and-fro by the winds of economic news and risk sentiment throughout last week and this morning. A barrage of key data releases last week had market participants frantically searching for direction and a firm footing for the dollar. The opening of the week ushered-in sanguine news lending credence to the notion of a gradual, yet steady recovery, while the latter half brought with it ominous signs thatTue, 10 Nov 2009 06:36:43 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-11-03.htmlUSD – America’s currency was once again a victim to the tug-of-war action stemming from market uncertainty, as a mixed bag of economic data left traders frantically searching for clear direction. Markets opened last week with a sense of foreboding, as the closely watched Consumer Confidence Index dropped precipitously m/m (47.7 in Oct. vs. 53.4 prior). Moreover, New Home Sales fell shy of expectations (402K in Sep. vs. 440K exp.), as did Initial Jobless Claims (530K for 10/24 vs. 525K exp.).Tue, 03 Nov 2009 10:55:32 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-03.htmlUSD – America’s currency was once again a victim to the tug-of-war action stemming from market uncertainty, as a mixed bag of economic data left traders frantically searching for clear direction. Markets opened last week with a sense of foreboding, as the closely watched Consumer Confidence Index dropped precipitously m/m (47.7 in Oct. vs. 53.4 prior). Moreover, New Home Sales fell shy of expectations (402K in Sep. vs. 440K exp.), as did Initial Jobless Claims (530K for 10/24 vs. 525K exp.).Tue, 03 Nov 2009 10:55:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-27.htmlUSD – The greenback had another mixed performance last week as it steadily lost ground against the EUR and GBP—breaching the critical $1.50 level versus the former—while recouping previous losses vis-à-vis the JPY and CAD. The undulating dollar was whipsawed by risk sentiment, and the continuing “carry trade” phenomenon in which investors borrow in the low yielding USD to fund their investments in other higher-yielding currencies and assets. Lackluster data releases last week removed someTue, 27 Oct 2009 06:38:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-27.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-10-27.htmlUSD – The greenback had another mixed performance last week as it steadily lost ground against the EUR and GBP—breaching the critical $1.50 level versus the former—while recouping previous losses vis-à-vis the JPY and CAD. The undulating dollar was whipsawed by risk sentiment, and the continuing “carry trade” phenomenon in which investors borrow in the low yielding USD to fund their investments in other higher-yielding currencies and assets. Lackluster data releases last week removed someTue, 27 Oct 2009 06:38:07 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-10-27.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-10-20.htmlUSD – America’s currency opened strong last week, but steadily lost ground throughout the week, before gaining again at week’s end vis-à-vis its major world counterparts, as a mixed bag of economic indicators and US corporate earnings releases, left both US equities and the dollar confused and undulating. An improvement in retail sales (-1.5% in Sep. vs. -2.1% exp.), coupled with an up-tick in inflationary pressures (CPI: 0.2% in Sep. vs. 0.1% prior), conspired with the release of the 9/23Tue, 20 Oct 2009 08:06:27 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-10-20.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-20.htmlUSD – America’s currency opened strong last week, but steadily lost ground throughout the week, before gaining again at week’s end vis-à-vis its major world counterparts, as a mixed bag of economic indicators and US corporate earnings releases, left both US equities and the dollar confused and undulating. An improvement in retail sales (-1.5% in Sep. vs. -2.1% exp.), coupled with an up-tick in inflationary pressures (CPI: 0.2% in Sep. vs. 0.1% prior), conspired with the release of the 9/23Tue, 20 Oct 2009 08:06:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-20.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-06.htmlUSD – After eight consecutive increases, the closely watched ISM index shook the markets as it slipped back in September disappointing expectations of a further rise. ISM declined from 52.9 in August to 52.6 in September whereas consensus was looking for 54. Ironically the softer ISM came just as consumers had started to come out of the cave – something the markets have been longing for for quite some time. Private spending surprised to the upside in August and although it was boosted by aTue, 06 Oct 2009 05:38:56 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-10-06.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-10-06.htmlUSD – After eight consecutive increases, the closely watched ISM index shook the markets as it slipped back in September disappointing expectations of a further rise. ISM declined from 52.9 in August to 52.6 in September whereas consensus was looking for 54. Ironically the softer ISM came just as consumers had started to come out of the cave – something the markets have been longing for for quite some time. Private spending surprised to the upside in August and although it was boosted by aTue, 06 Oct 2009 05:38:56 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-10-06.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-09-29.htmlUSD – The US dollar remains weak against major currencies not because of fragile US data, but because of recovery around the world. Investors have been using the dollar as a funding currency to buy riskier assets overseas. Last week, the Federal Reserve decided to keep monetary policies loose for the time being. Many analysts are expecting a bias towards more dollar weakness in the medium term. Recent data had been mixed. Initial jobless claims and the University of Michigan surveys ofTue, 29 Sep 2009 05:42:14 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-29.htmlUSD – The US dollar remains weak against major currencies not because of fragile US data, but because of recovery around the world. Investors have been using the dollar as a funding currency to buy riskier assets overseas. Last week, the Federal Reserve decided to keep monetary policies loose for the time being. Many analysts are expecting a bias towards more dollar weakness in the medium term. Recent data had been mixed. Initial jobless claims and the University of Michigan surveys ofTue, 29 Sep 2009 05:42:14 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-22.htmlUSD – The greenback continued its precipitous slide throughout last week, closing-out the final trading session with its tenth consecutive bearish close (on a trade-weighted basis), and falling to a new low for the year relative to its major world counterparts. Notwithstanding the battery of benign economic data releases last week, the allure for the USD as a “safe haven” has all but dissipated, and in turn, the greenback has supplanted the JPY as the favored “carry-trade” currency for fundingTue, 22 Sep 2009 06:00:48 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-09-22.htmlUSD – The greenback continued its precipitous slide throughout last week, closing-out the final trading session with its tenth consecutive bearish close (on a trade-weighted basis), and falling to a new low for the year relative to its major world counterparts. Notwithstanding the battery of benign economic data releases last week, the allure for the USD as a “safe haven” has all but dissipated, and in turn, the greenback has supplanted the JPY as the favored “carry-trade” currency for fundingTue, 22 Sep 2009 06:00:48 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-09-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-09-15.htmlUSD – America’s currency remained on the defensive throughout last week and this morning as demand for the dollar as a “safe haven” dissipated, and overall trading momentum has begun to favor USD losses. The recent influx of sanguine economic data, coupled with the steady ascent in all major risk barometers such as the DJIA and S&P 500 indices, have increased the risk appetite for market participants, creating a convenient excuse to jettison the greenback. The MBA Mortgage ApplicationsTue, 15 Sep 2009 12:26:40 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-15.htmlUSD – America’s currency remained on the defensive throughout last week and this morning as demand for the dollar as a “safe haven” dissipated, and overall trading momentum has begun to favor USD losses. The recent influx of sanguine economic data, coupled with the steady ascent in all major risk barometers such as the DJIA and S&P 500 indices, have increased the risk appetite for market participants, creating a convenient excuse to jettison the greenback. The MBA Mortgage ApplicationsTue, 15 Sep 2009 12:26:40 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-15.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-09-09.htmlUSD – With a slew of key economic data releases last week, the greenback was subject to a high degree of “event risk”, which culminated with Friday’s highly anticipated employment reports. The ADP Employment Report last Wednesday (-298K in Aug. vs. -250K exp.) was a harbinger of the official government reports released on Friday, though mixed signals from the various releases contributed to volatility in the markets—a phenomenon further exacerbated by thinning trading conditions ahead of (andWed, 09 Sep 2009 13:33:40 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-09-09.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-09.htmlUSD – With a slew of key economic data releases last week, the greenback was subject to a high degree of “event risk”, which culminated with Friday’s highly anticipated employment reports. The ADP Employment Report last Wednesday (-298K in Aug. vs. -250K exp.) was a harbinger of the official government reports released on Friday, though mixed signals from the various releases contributed to volatility in the markets—a phenomenon further exacerbated by thinning trading conditions ahead of (andWed, 09 Sep 2009 13:33:40 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-09.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-09-01.htmlUSD – The greenback undulated throughout last week, ending on a mixed note vis-à-vis its major world counterparts, falling against the NZD, AUD, and JPY, but rising versus the CHF, EUR, CAD, and GBP. Ultimately, this amounted to little more than a continued period of technical consolidation as the low trading volumes so often associated with the “summer doldrums” have been contributing to the highly choppy price action, which may intensify further leading up to the US Labor Day holiday nextTue, 01 Sep 2009 06:49:33 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-09-01.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-01.htmlUSD – The greenback undulated throughout last week, ending on a mixed note vis-à-vis its major world counterparts, falling against the NZD, AUD, and JPY, but rising versus the CHF, EUR, CAD, and GBP. Ultimately, this amounted to little more than a continued period of technical consolidation as the low trading volumes so often associated with the “summer doldrums” have been contributing to the highly choppy price action, which may intensify further leading up to the US Labor Day holiday nextTue, 01 Sep 2009 06:49:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-09-01.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-08-18.htmlUSD – The dollar is regaining its footing amid investor concerns over the sustainability of the economic recovery. Despite the Feds assessment that the economy was leveling out in its accompanying statement after leaving interest rates unchanged last week, markets were caught offguard by several gloomy reports that brought lingering doubts back to the forefront. Retail Sales slid -0.1% in July despite the success of the governments vaunted Cash for Clunkers auto program. The University ofTue, 18 Aug 2009 07:01:27 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-08-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-18.htmlUSD – The dollar is regaining its footing amid investor concerns over the sustainability of the economic recovery. Despite the Feds assessment that the economy was leveling out in its accompanying statement after leaving interest rates unchanged last week, markets were caught offguard by several gloomy reports that brought lingering doubts back to the forefront. Retail Sales slid -0.1% in July despite the success of the governments vaunted Cash for Clunkers auto program. The University ofTue, 18 Aug 2009 07:01:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-11.htmlUSD – The USD saw a course of risk reversal last week losing 1.1% (DXY) vs. the 16 most traded majors early in the session, but then experienced an about face as it added almost 2% by Fridays close (77.50 – 79.10). Much of the volatility in the dollar was due to the mixed bag of data received by the markets starting with Monday’s ISM Manufacturing reading for July (48.9 vs. prior 44.8) showing some recovery in the sector. Total Vehicle Sales also showed a modest boost in July lead by FordTue, 11 Aug 2009 06:39:41 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-08-11.htmlUSD – The USD saw a course of risk reversal last week losing 1.1% (DXY) vs. the 16 most traded majors early in the session, but then experienced an about face as it added almost 2% by Fridays close (77.50 – 79.10). Much of the volatility in the dollar was due to the mixed bag of data received by the markets starting with Monday’s ISM Manufacturing reading for July (48.9 vs. prior 44.8) showing some recovery in the sector. Total Vehicle Sales also showed a modest boost in July lead by FordTue, 11 Aug 2009 06:39:41 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-08-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-08-04.htmlUSD – America’s currency continued to remain on the defensive throughout last week and this morning, as evidence of economic stabilization (i.e., a “green shoots” recovery) in the US economy, reduced demand for the greenback as a haven. A spate of sanguine economic data throughout the past few weeks, culminated last Friday with the highly anticipated release of Q2’09 GDP (-1.0% vs. -1.5% exp.). However, the news was only superficially encouraging, as a deeper look revealed some disconcertingTue, 04 Aug 2009 05:47:12 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-08-04.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-04.htmlUSD – America’s currency continued to remain on the defensive throughout last week and this morning, as evidence of economic stabilization (i.e., a “green shoots” recovery) in the US economy, reduced demand for the greenback as a haven. A spate of sanguine economic data throughout the past few weeks, culminated last Friday with the highly anticipated release of Q2’09 GDP (-1.0% vs. -1.5% exp.). However, the news was only superficially encouraging, as a deeper look revealed some disconcertingTue, 04 Aug 2009 05:47:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-08-04.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-29.htmlUSD – The USD continued to pare gains last week as a return to risk appetite diversified investors out of their recent ‘safe-haven’ USD holdings. The USD Index, a measure of the dollar’s performance against the 16-most-activly traded currencies, gave up 1.2% (79.36-78.42) overall last week. The world’s reserve currency seems to be experiencing difficulty finding direction or breakout ahead of Friday’s Q2 GDP numbers. The second quarter earnings season should fulfill the desired demand for atWed, 29 Jul 2009 07:10:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-29.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-07-29.htmlUSD – The USD continued to pare gains last week as a return to risk appetite diversified investors out of their recent ‘safe-haven’ USD holdings. The USD Index, a measure of the dollar’s performance against the 16-most-activly traded currencies, gave up 1.2% (79.36-78.42) overall last week. The world’s reserve currency seems to be experiencing difficulty finding direction or breakout ahead of Friday’s Q2 GDP numbers. The second quarter earnings season should fulfill the desired demand for atWed, 29 Jul 2009 07:10:38 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-07-29.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-07-23.htmlUSD – Risk trends were once again the predominant drivers that dictated currency market movement throughout last week and this morning. A trickling of sanguine economic data, notwithstanding, the greenback ended last week as a beneficiary of “safe haven” flows due primarily from uncertainty stemming from the fate of CIT Group, a large NY-based commercial lender. CIT was denied “bailout” capital infusion by the US government last week, and was left in a precarious situation that couldThu, 23 Jul 2009 07:19:09 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-07-23.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-23.htmlUSD – Risk trends were once again the predominant drivers that dictated currency market movement throughout last week and this morning. A trickling of sanguine economic data, notwithstanding, the greenback ended last week as a beneficiary of “safe haven” flows due primarily from uncertainty stemming from the fate of CIT Group, a large NY-based commercial lender. CIT was denied “bailout” capital infusion by the US government last week, and was left in a precarious situation that couldThu, 23 Jul 2009 07:19:09 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-23.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-14.htmlUSD – America’s currency, together with the JPY, were once again the beneficiaries of “safe haven” capital flows last week, as an unexpected decline in US consumer confidence exacerbated the market’s propensity towards risk aversion during periods of economic uncertainty. The University of MI Consumer Confidence Index (preliminary) experienced a precipitous drop (64.6 in Jul. vs. 70.8 prior), revealing a souring of sentiment on both current conditions and future outlook. A sprinkling ofTue, 14 Jul 2009 11:36:17 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-07-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-07-14.htmlUSD – America’s currency, together with the JPY, were once again the beneficiaries of “safe haven” capital flows last week, as an unexpected decline in US consumer confidence exacerbated the market’s propensity towards risk aversion during periods of economic uncertainty. The University of MI Consumer Confidence Index (preliminary) experienced a precipitous drop (64.6 in Jul. vs. 70.8 prior), revealing a souring of sentiment on both current conditions and future outlook. A sprinkling ofTue, 14 Jul 2009 11:36:17 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-07-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-04-28.htmlUSD – The greenback fell last week as risk appetite picked up on better-than-expected Q1’09 US corporate earnings, with revenues for American companies, overall, showing a healthy uptick. Comments from US Treasury Secretary Geithner that the “vast majority” of US banks have more capital than needed—indicating further that most US banks are in “decent shape”—helped boost market sentiment. However, the US government’s “stress-tests” of the 19 largest financial institutions revealed that reservesTue, 28 Apr 2009 09:33:10 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-04-28.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-04-28.htmlUSD – The greenback fell last week as risk appetite picked up on better-than-expected Q1’09 US corporate earnings, with revenues for American companies, overall, showing a healthy uptick. Comments from US Treasury Secretary Geithner that the “vast majority” of US banks have more capital than needed—indicating further that most US banks are in “decent shape”—helped boost market sentiment. However, the US government’s “stress-tests” of the 19 largest financial institutions revealed that reservesTue, 28 Apr 2009 09:33:10 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-04-28.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-03-18.htmlUSD – The greenback began surrendering some of its “safe haven” appeal last week as investor risk appetite increased on the back of a surging equities market, ostensibly improving consumer confidence, and a cautious outlook concerning this past weekend’s G-20 summit in the UK. The DJIA enjoyed four consecutive sessions of growth (currently at 7,272.00; +49.00) amidst a much-improved outlook for the beleaguered financial sector, and auspicious hopes that the Obama Administration’s aggressiveWed, 18 Mar 2009 09:48:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-03-18.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-03-18.htmlUSD – The greenback began surrendering some of its “safe haven” appeal last week as investor risk appetite increased on the back of a surging equities market, ostensibly improving consumer confidence, and a cautious outlook concerning this past weekend’s G-20 summit in the UK. The DJIA enjoyed four consecutive sessions of growth (currently at 7,272.00; +49.00) amidst a much-improved outlook for the beleaguered financial sector, and auspicious hopes that the Obama Administration’s aggressiveWed, 18 Mar 2009 09:48:36 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-03-18.htmlhttp://www.fxstreet.com/technical/market-view/weekly-update/2009-02-18.htmlUSD – With US financial markets back in session from the Presidents’ Day public holiday yesterday, the US dollar rose across the board on Tuesday, fed by gloom over the global economic outlook. This drove the currency’s trade-weighted index close to a three-month high as investors sought the relative safety of the greenback. Aiding the dollar’s ascent last week was a report that the Obama administration will unveil tomorrow a broad plan to assist homeowners struggling with mortgages to stemWed, 18 Feb 2009 09:55:26 GMThttp://www.fxstreet.com/technical/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/technical/market-view/weekly-update/2009-02-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-update/2009-02-18.htmlUSD – With US financial markets back in session from the Presidents’ Day public holiday yesterday, the US dollar rose across the board on Tuesday, fed by gloom over the global economic outlook. This drove the currency’s trade-weighted index close to a three-month high as investors sought the relative safety of the greenback. Aiding the dollar’s ascent last week was a report that the Obama administration will unveil tomorrow a broad plan to assist homeowners struggling with mortgages to stemWed, 18 Feb 2009 09:55:26 GMThttp://www.fxstreet.com/fundamental/market-view/info@uboc.com (Union Bank of California)http://www.fxstreet.com/fundamental/market-view/weekly-update/2009-02-18.html