The dollar and yen rose after US employment dropped more than expected, dampening economic recovery prospects. Stocks and commodities fell as investors sought haven in treasuries ahead of a long weekend in the US. The S and P 500 fell 26.91 points to 896.42. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/749-dollar-looking-for-direction.html Hans Nilsson Thu, 2 July 2009 17:50:00 EDT 2009-7-2 The dollar fell against most key currencies on signs of improving global manufacturing activity. The S and P 500 rose 4.01 points to 923.33. Most currency pairs remain confined in narrow trading ranges without any clear directions. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/748-greenback-lower-on-better-global-manufacturing-indications.html Hans Nilsson Wed, 1 July 2009 17:50:00 EDT 2009-7-1 The dollar reversed overnight losses and gained against its counterparts on Tuesday after US consumer sentiment unexpectedly declined. The euro declined on increased risk aversion and a report that eurozone CPI fell for first time ever. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/747-risk-appetite-falls-as-us-consumer-sentiment-declines.html Hans Nilsson Tue, 30 June 2009 17:50:00 EDT 2009-6-30 The dollar reversed most of its overnight gains as risk appetite rose. Eurozone economic sentiment climbed for a third straight month in June. US stocks advanced. The S and P 500 rose 8.33 points to 927.23, extending its best quarterly gain since 1998. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/745-usd-and-jpy-lower-on-improved-risk-sentiment.html Hans Nilsson Mon, 29 June 2009 17:50:00 EDT 2009-6-29 The dollar closed the week lower against its rivals on Friday as China renewed its call for a new international reserve currency based on the IMF's SDR. US personal income jumped more than expected and consumer sentiment rose to the highest level since February 2008. The S and P 500, little changed for the week, declined 1.36 points to 918.90. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/744-usd_cad-testing-resistance.html Hans Nilsson Fri, 26 June 2009 18:30:00 EDT 2009-6-26 The dollar traded mostly lower on Thursday after the Federal Reserve announced it curtails some of its liquidity programs "in light of the improvement in financial conditions." Risk appetite improved and the S and P 500 rose 19.32 points to 920.26. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/743-aud_usd-testing-uptrend.html Hans Nilsson Thu, 25 June 2009 18:30:00 EDT 2009-6-25 The dollar rose on Wednesday after the FOMC maintained the federal funds rate at a record-low range of zero to 0.25% and left its $1.75 trillion bond-purchase program unchanged. The Fed also stated that "the pace of economic contraction is slowing" and "inflation will remain subdued for some time." The OECD raised its economic forecast for its 30 member countries to a 4.1% contraction in 2009 and a 0.7% expansion in 2010. US durable goods orders unexpectedly jumped in May, adding to signs of an economic recovery. The S and P 500 was up 5.84 points to 900.94. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/742-greenback-gains-as-fed-stays-put.html Hans Nilsson Wed, 24 June 2009 17:50:00 EDT 2009-6-24 The greenback fell on Tuesday as economic data showed more signs of a global economic recovery. US existing home sales rose for a second month in May, but the gain was slightly less than expected. European purchasing manager indexes contracted the least since the beginning of the recession, but they were somewhat short of expectations. Most currency pairs are at significant technical levels. The next few days are likely to determine whether the dollar and yen will continue to gain on global recovery pessimism or whether increased optimism will benefit risk-taking and other key currencies. The S and P 500 index rose 2.06 points to 895.10. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/741-dollar-at-crossroad.html Hans Nilsson Tue, 23 June 2009 18:20:00 EDT 2009-6-23 The USD and JPY rose on increased risk aversion after the World Bank said the global recession will be deeper than previously forecast. Global equity and commodity prices fell while bond prices rose. The yen gained against all key currencies as the S and P 500 index declined 8.19 points to 893.04. Sterling was pressured by falling UK house prices. The commodity currencies were particularly hurt by the spike in risk aversion as commodity prices fell. http://www.cmsfx.com/en/forex-resources/market-analysis/forex-commentaries/740-risk-aversion-spikes-as-world-bank-sees-deeper-recession.html Hans Nilsson Mon, 22 June 2009 18:30:00 EDT 2009-6-22 In this feed, you will enjoy daily fundamental and technical market analysis from economist Hans Nilsson. http://cmsfx.com