Forex news

The EUR has continued its swift decline versus the USD as a multitude of concerns hover over the Single Currency. Wall Street turned in another day of negative momentum as investors remained nervous, thus setting the tone for what appears to be a rather fragile broad marketplace today. There will be no major data releases today and the [...]

The USD continued to gain against the EUR on Thursday as President Trichet admitted the European economy has seen a bit of a downturn and hinted that the ECB may be reversing some of its positions regarding inflation and how to deal with it. Germany will be releasing inflation data today and this may prove interesting to investors who [...]

It will be a day highlighted by policy makers around the globe. The ECB holds their monetary policy meeting today and press conference. From the States Ben Bernanke is scheduled to speak about the economy early in the American day and tonight President Obama is penciled in to speak about the jobless situation. The equity markets in the [...]

The Swiss National Bank provided a historic intervention on Tuesday for market historians. Essentially the SNB sold CHF and bought a massive amount of EUR in order to make the CHF weaker. The Central Bank also announced that it intends to keep a peg with the EUR around the vicinity of 1.20. The scope of the move took the market by [...]

European equities struggled on Monday as investors continued to fret over the lack of clarity from the E.U. regarding its financial crisis. The EUR slipped further against the USD and finds itself entering the lower depths of its range with the Greenback. The GBP also traded weaker against the USD. Safe havens continued to be a magnet as [...]

The U.S. will be on holiday today which will affect trading volumes profoundly in the broad markets. Asia started off on a negative bent this morning following through via the declines from the States on Friday. A poor outcome via the U.S. Jobless numbers sent a cold shiver through the hearts of investors. Fear is growing that the [...]

All eyes will be on the Jobless numbers coming from the U.S. today. The broad markets continued to turn cautious on Thursday and Wall Street turned in a negative day.  The Non Farm Employment Change numbers will be published at 12:30 GMT and investors who are around to participate will get one more chance to express their own sentiment [...]

The markets continue to show caution and many questions are still unanswered. Today the U.S. will publish ISM Manufacturing PMI data and the weekly Unemployment Claims figures. The ADP report yesterday proved disappointing, but the Chicago PMI reading was slightly better than anticipated. From Europe the Final German GDP numbers will be [...]

The short term risk appetite party came to an abrupt end on Tuesday as the CB Consumer Confidence reading provided a harsh dose of reality. The outcome of 44.5 compared to the estimated result of 52.1 was a stiff reminder for investors that economic data remains challenging at best. The EUR came off of its highs and Gold climbed as safe [...]

Risk appetite has emerged with a flourish as investors have taken equities and some of the commodities to higher values.  Showing that risk was based on a short term sentiment shift, Gold sank below 1800.00 USD an ounce yesterday. The EUR, GBP, and AUD all gained against the Greenback on Monday too. The problem facing traders today and [...]