dollar

Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs.

Retail Sales just came out bullish. Equity markets are soaring. Bonds are breaking. The Dollar is plunging. The market reads this report as good. The key will be to be able to separate the report from the trade. The question is will U.S. investors chase equity market higher or wait for a pullback? Overall, however, it looks like a strong report.

The U.S. Dollar declined into the close after trading in a tight range most of the day. A strong surge in the equity markets late in the session confirmed investor demand for risky assets, thereby pressuring the lower yielding Dollar.

U.S. stock indices treaded water all morning following an overnight rally that was prompted by greater demand for higher risk assets. At the mid-session, the Dollar mounted a slight recovery but was not able to hold unto gains into the close. This helped boost equity prices late in the trading session, but the market still remained in a tight range.

U.S. stock indices treaded water all morning following an overnight rally that was prompted by greater demand for higher risk assets. At the mid-session, the Dollar mounted a slight recovery but was not able to hold unto gains into the close. This helped boost equity prices late in the trading session, but the market still remained in a tight range.

The U.S. Dollar had a choppy, directionless day. The lack of event risk was likely the main reason for this as well as the easing of the Greek fiscal crisis. Trading could continue in a similar manner over the next few days because the first major report, Weekly Jobless Claims, is not due out until Thursday. This will be followed by the Retail Sales Report on Friday.

The U.S. Dollar is trading lower against most major currencies after better-than-expected jobs data drove investors into higher yielding assets. The initial move in the Dollar was up after the U.S. Non-Farm Payrolls Report showed fewer jobs were lost than estimated. Traders bought the Dollar on the belief that the better jobs number would move the Fed closer to hiking interest rates.

The U.S. Dollar is trading mixed overnight ahead of this morning’s Non-Farm Payrolls Report. Demand for risky assets is up overnight putting pressure on lower yielding currencies. Traders are looking for a loss of about 50,000 jobs. This guess is higher than last month’s actual loss of 20,000 jobs. The unemployment rate is expected to rise from 9.7% to 9.8%.

On Wednesday, the U.S. Dollar lost ground to every major currency except the New Zealand Dollar. Early selling pressure triggered a change in trend when this index took out the last main top at 80.14. In the process a new lower top was formed at 81.34. The charts are indicating a break to 77.86 is possible over the near-term.

Michael Pento talks about the false perception of safety in the USD.

U.S. equity markets are trading higher, but the rally appears to be slowing due to the lack of fresh buyers. Strong overnight support led to a higher opening this morning, but the rally has stalled. Traders seem to be waiting for a catalyst to take the markets to the next level. The lack of fresh economic news may be partially to blame for the slow down in the trade.

The U.S. Dollar is trading mixed against most majors as traders try to decide whether it has reached the end of the rally, This morning’s surge to the upside in the March Dollar Index fell short of the recent main top at 81.43 before turning lower. This is an indication that the selling may be greater than the buying at current levels.

As investors vacillated about the impact of developments in Greece, together with the uncertainty of strong fourth-quarter economic data possibly not carrying over to the first quarter, stock markets experienced two sharp sell-offs and two rebound rallies, limping to small gains on Friday but ending the week modestly down.

Palm, Inc. (NASDAQ:PALM) has been under intense sell pressure since the January 9th, 2010 high was made at $14.17. Since that point, the stock price has fallen to a low today of $6.07. This is just slightly off the 52 week low of $5.85. The 5 week dramatic fall in Palm, Inc. culminated with a

The U.S. Dollar is down slightly overnight against most major currencies as traders await Federal Reserve Chairman Bernanke’s semi-annual testimony before the House Committee on Financial Services.