US dollar

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.

U.S. equity markets are trading sharply higher following the release of better than expected U.S. Non-Farm Payrolls Report. Investors are driving up stock prices on the belief that the jobs data indicates an improving economy. Technically, the daily swing chart indicates a possible move in the March E-mini S&P 500 to 1156.00 by March 12th.

Given all the problems in the world, it is easy to see why the increase in the price of crude oil has gone basically unnoticed or ignored.

The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, while also serving to reinforce the notion of the USD’s position as the world’s reserve currency.

U.S. equity markets are trading flat to lower ahead of this morning’s weekly jobless claims report. In addition, investors seem to be taking a non-committal approach in front of tomorrow’s U.S. Non-Farm Payrolls Report. The Forex markets indicate that investor sentiment is shifting back toward risk aversion which could pressure equity markets today.

The U.S. Dollar is up sharply against all major currencies. Traders seemed a little nervous this morning and maintained their risk adverse stance throughout the session. One of the biggest concerns for investors at this time is the continuation of the global recovery. Some feel that the sovereign debt issues in Europe are stalling the recovery.

The EUR USD rose this morning to its highest level since February 17th as shorts covered positions after Greece announced additional budget cuts and tax increases in an attempt to shore up its budget and gain favors from the European Union.

The EUR USD rose this morning to its highest level since February 17th as shorts covered positions after Greece announced additional budget cuts and tax increases in an attempt to shore up its budget and gain favors from the European Union.

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.

In a nutshell: Why I think the US Dollar will drop soon.

The Euro is trading lower at the mid-session but well off its low as traders attempt to mount a recovery following a sharp sell-off earlier this morning. Volatility is expected to continue to be high as traders are reacting to news and the lack of news regarding the possible announcement by the European Union of a plan to support the Greek economy.

U.S. Equity markets are trading sharply higher after earlier weakness driven by a possible pact between the EU and Greece and better than expected weekly jobs data. Today’s rally makes it appear that confidence has been restored to the financial markets. This renewed confidence is tied to possible improvements in the global credit markets and signs that the U.S.

Treasury futures are trading lower at the mid-session following comments from Fed Chairman Bernanke hinting at an interest rate hike. Although Bernanke did not pinpoint when interest rates would rise, he did propose the Fed’s strategy on ending stimulus and hiking interest rates.

The U.S. Dollar remained under pressure at the mid-session as the lack of concrete news regarding the European Union’s plan to guarantee Greece’s debt caused investors to remain nervous. The Dollar received an additional boost when Fed Chairman Bernanke hinted that the Fed’s exit strategy included raising interest rates.

Appetite for risky assets is helping to drive down the U.S. Dollar at the mid-session. Profit-taking and fresh selling is apparent as investors adjust their portfolio positions in anticipation of a resolution to the sovereign debt problems in Greece and the neighboring Euro Region.