USD currency made some progressive gains on forex demo trading accounts due to a different number of factors including: fear over nuclear tests in North Korea, reaffirmation of USD reserve commitment to China and diminished concerns on the fate of GM.

Fresh news on USD sells from US based accounts and a better than expected consumer confidence report pushed the greenback forward.
 
Richmond and Dallas Fed numbers also helped to boost consumer confidence. The euro still attempts to break above 1.400.

Economist Martin Feldstein has been talking the USD down, stating recovery will not come until 2010. On the other hand Canada March employment insurance showed a 10.6% increase since the crisis hit the labor market in October 2008.
 
The general sense of positivism has reached both the stock market and the forex practices. Us equities are walking away from the negative shadows and are now trading a lot higher; Nasdaq was up some 2.5%.

USD/EUR trade of the day

It is still too early to determine whether the market is beholding a USD bull run, as there is still room for setbacks to the previous trend high of 1.3740. Daily RSI has gone down from being overbought, while the stochastic are still residing as overbought but are showing a negative cross. This morning´s recommendation to sell into the rally, anticipating a deeper drop to the 1.3700- 1.3740 area on the coming session.