Browsing Category

Forex

US Data Weakness Hits USD

USD Lower on Data Weakness The US dollar has come back under pressure over the last 24 hours as further data weakness has weighed on sentiment.  The ISM Non-Manufacturing reading was weaker than expected over November at 53.9 vs 54.5… Read More

Traders Focus on OPEC Meeting

Crude Stores Fall Crude prices rallied strongly this week. The latest report from the Energy Information Administration revealed a large drawdown in US crude stores. The EIA report showed that in the week ending November 29th, US crude… Read More

AUD Explodes Overnight

USD Down on Manufacturing Miss The US dollar has been under pressure over early trading on Tuesday as the reaction from yesterday's data miss continues. The US ISM Manufacturing print for November came in below expectations at 48.1Read More