US dollar drives the major currency pairs

An excellent US forex trading session, which was in sharp contrast to earlier in the day, with the US dollar providing some excellent trading opportunities across the majors, with the NZD/USD and the USD/CAD leading the way. The US news centred about PPI and Unemployment with both coming in better than expected, with PPI coming in at 0.6% against a forecast of 0.3 and unemployment claims falling below the 200K level.

As always it was the currency strength indicator leading the way, with the currency array and currency matrix confirming the strength of buying in the US dollar across the complex, which was helped further following the economic data.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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