Forex news

With summer almost in the rear view mirror and investors returning from the Labor Day holiday, the USD gained against the EUR and GBP swiftly. There was no major data from the U.S. on Tuesday, but risk sentiment took a hit as market participants returning to their desks were struck with various news accounts internationally that Greece [...]

A flat day of trading pervaded the broad markets globally on Monday with the Americans absent because of the Labor Day holiday. There was little in the way of economic data released too, and this helped make for a cautious day of movement. Today will remain fairly light with statistics as Germany releases its Factory Order figures, but [...]

The week will start on a quiet note because of the Labor Day holiday in the States. Before going into the weekend mixed data surrounded investors once again and gave both bulls and bears more reasons to foster a debate. While the Non Farm Employment Change numbers were better than expected, the ISM Non Manufacturing PMI was disappointing. [...]

The USD traded in range yesterday as the broad markets turned in tentative results as investors await today’s Non Farm Employment Change numbers from the States. The weekly Unemployment Claims almost hit the estimated mark head on Thursday, but the Factory Orders in the U.S. were weaker. Today’s jobless number is forecasted to be [...]

USD The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI. The USD traded weaker against the EUR before this data had come out however, and the greenback managed to still gain against the GBP. Also [...]

USD The USD traded in range against the EUR on Tuesday and managed to gain a bit versus the GBP. Trading remained rather tentative as the U.S. produced a mixed bag of data for investors to study before the onslaught of jobless releases gets underway today. While the SP/CS Composite-20 HPI and the CB Consumer Confidence readings both [...]

USD The USD continued its strong pace against the EUR and GBP on Monday as it moved to the stronger parts of it recent range. Safe haven pressure was the story of the day as Wall Street struggled and all the major indexes suffered losses. The U.S. released light data yesterday including Personal Spending and the results were near [...]

Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the fact the summer is still in force. The USD found itself going into the weekend with plenty of its gains made the previous two weeks - [...]

The USD traded in range against the major currencies for much of Thursday as traders became increasing cautious due to the data scheduled for today and news events that may unfold too. While the weekly Unemployment Claims turned in a slightly better figure than expected it was certainly not rosy and continues to show that the jobless [...]

USD Additional poor data was reported from the U.S. on Wednesday as the New Home Sales completely missed its estimate. The outcome of 276k was far short of the 333k expectation. And troubling to investors was that the previous month’s total was revised downwards too, following in the footsteps of the Existing Home Sales data reported a [...]