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In the currency market, the dollar backed off against the euro. Late Tuesday, the euro was trading at $1.3249 vs. $1.3185 on Monday. Analysts said the buck was pressured by light position-squaring ahead of this week’s G-20 nations meeting. However, the dollar’s outlook “remains one of strength and stability against the majors, despite the ongoing deluge of negative U.S. economic data,” said Michael Woolfolk, of the Bank of New York Mellon (NYSE: BK ). The latest iteration of that negative

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Random Feed wrote an interesting post today on
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The dollar struggles to gain traction before of liquidity drain on Friday’s close and ahead of major event risk next week. - As congestion sets up, retail traders turn to range trading. Is speculative positioning reaching the usual extreme before a major breakout?

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Random Feed wrote an interesting post today on
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The dollar struggles to gain traction before of liquidity drain on Friday’s close and ahead of major event risk next week.

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Random Feed wrote an interesting post today on
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March 25, 2009 Stock Market Top Could Trigger Flight to Dollar Rally The U.S. Dollar closed higher against most majors on Tuesday as weakness in the global equity markets may be indicating a possible short-term top making traders more risk averse. Questions are arising regarding the U.S. toxic bank plan. It looks as if traders are becoming skeptical as to whether this plan will attract enough private investors. Furthermore, the burden on the taxpayer has also become an issue. This is

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Random Feed wrote an interesting post today on
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March 24, 2009 Bank Plan Is Short-Term Bearish for U.S. Dollar The U.S. Dollar traded lower versus most majors on Monday in reaction to the U.S. government’s new plan to manage the toxic asset problem that is still plaguing banks. The new plan has the government offering to finance up to $100 billion to partner with the holders of toxic assets. This program will not require new money, but will instead use the TARP funds from the $700 billion fiscal stimulus fund approved in Oct

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