EURUSD- EUR closed higher for a second consecutive week on Friday following its recovery off its May 08’08 low at 1.5285.The pair remains supported by its daily momentum indicators which are positive and pointing higher suggesting further gains but such strength must push it decisively through its May 06’08 high at 1.5595 and the 1.5710 [...]

The Dollar fell against the Yen and the Euro as the International Monetary Fund said there are “serious risk” to financial markets from the US housing slump
After the Dollar had rebounded from Monday’s lows on the late US trading, due to the private Conference Board’s leading indicator index showed a rise of 0.1 percent in [...]

The Dollar rebounded from a 2-1/2 week low versus the Euro on Monday after a key forecasting gauge unexpectedly rose in April, suggesting that a sharp economic downturn in the US might be nearing a bottom. That eased fears about consumer confidence and reassured investors that the Federal Reserve would have room to hike interest [...]

For the first time since December 2005 the futures markets shows a net long position for the USD. This means that traders around the world are beginning to either see the strengthening of the USD as something happening in the near future, or they see the EUR has already reached its peak and is now [...]