Forex news

As we enter the final week of the long August holiday for many investors, questions remain about the prospects for the global economy and financial crisis in Europe. Fed Chairman Ben Bernanke spoke on Friday and essentially said that he believes the economy is still achieving growth (albeit limited) and at this time the Fed doesn’t need [...]

The broad markets turned cautious on Thursday as investors began to brace themselves for the speech that will come from Ben Bernanke later today. The economic symposium at Jackson Hole, which will include central bankers and academics from the world over will get plenty of attention today and tomorrow. The U.S. and U.K. do release GDP [...]

Assumptions can be dangerous things and traders will have to be careful to not make them this morning, this because Gold and equities both had volatile trading sessions on Wednesday and their results must be closely inspected. While Gold declined in a rough manner it must be stated that part of the reason the precious metal came under [...]

Data from the U.S. and Europe was disappointing on Tuesday, but Wall Street promptly turned in a very positive day of gains across the major indexes. The EUR/USD pair managed to turn in a broad range underlying that investors remain worried about the fundamentals of both currencies. The GBP and AUD also turned in range trading sessions [...]

Global equity markets achieved some gains on Monday, but one day of positive trading doesn’t equate into a full rally and there is still plenty of time this week for investors to make their nervous sentiment known. Speculation that the Federal Reserve will begin to propose a new stimulus package the end of this week was a common view on [...]

Stability will be sought by investors after two weeks of a rather volatile ride in the global equity markets. Gold as of this morning is trading at record highs, which underscores that sentiment continues to be nervous. There will be no major data releases today from either Europe or the States, but tomorrow that will quickly change as [...]

Volatility ripped through the global equity markets on Thursday as rumors began to build that European Banks were coming under increasing scrutiny and questions were being asked about operating capabilities. In tandem a horrific Philly Fed Manufacturing Index outcome came from the U.S. with a result of minus -30.7 compared to the [...]

Investors sat on the fence in many respects on Wednesday as equities turned in relatively flat performances globally showing little direction. Market participants are still displaying signs of safe heaven investing as Gold continued to climb to its upper reaches. Crude Oil faced some pressure yesterday as it consolidated once more. The [...]

The outcome from the French and German meeting in Paris proved largely ineffective on Tuesday. Investors were not treated to anything substantive. There was a complete negation for any type of unified Eurobond and the only thing offered was talk about a greater European government which would oversee finances of all E.U. nations (which [...]

Wall Street and other global bourses turned in gains on Monday as stability came into the broad markets. However the question investors are asking is if yesterday’s gains will prove nothing more than a ‘relief rally’, meaning that volatility will once again make itself known. While the major stock indexes in the States did well the [...]