Forex news

Where shall any analysis begin taking into consideration the wild broad markets last week? In simple terms investors displayed their lack of confidence and punished equities. The complex answer is however much more intricate, but essentially boils down to a distrust of the financial engineering that governments are trying to undertake. [...]

Wall Street suffered its worst day since December of 2008 on Thursday. Bond yields in the U.S. shrank. The USD grew stronger versus the EUR, GBP, and AUD as safe haven seekers lined up in mass in the broad markets. The U.S. Jobless numbers are on the calendar today. The ECB did no favors yesterday as President Trichet delivered what was [...]

The Bank of Japan and the Swiss National Bank both intervened in their domestic currencies last night and early this morning, highlighting that governments are becoming nervous about broad market conditions. In an effort to stem the strength in their respective currencies, both the Japanese and Swiss sought to lessen the values of the JPY [...]

Caution has grown into outright concern among investors taking into consideration the manner in which safe haven trading powered its way into the broad markets on Tuesday. While Gold soared to record highs the equity markets led by the major indexes form Wall Street have been on a downslide. Economic data has proven negative the past [...]

Talk of risk appetite was shortly lived on Monday as any optimism from a compromise emerging in Washington was quickly washed away by a bad ISM Manufacturing PMI result. The estimated outcome for the Manufacturing reading was 55.0, but unfortunately the mark turned out to be 50.9 - barely above what most economists consider to be a [...]

U.S. politicians apparently have reached a compromise framework in order to raise its Debt Ceiling. The package was agreed to this weekend by leaders within the Democratic and Republican parties. The legislation still has to pass both Congressional halls, but appears that it may find enough backing. Going into the weekend on Friday as the [...]

Going into Friday’s trading investors cannot be faulted for having concerns about the broad markets. Equities continued to come under pressure on Thursday and this is likely to be the scenario as Wall Street opens in New York. Republican Congressional members were not able to pass their spending bill yesterday even though they had [...]

The EUR, GBP, and AUD all made strides against the USD on Monday as politicians in the States remained deadlocked. The Debt Ceiling debate is causing tempers to rise in Washington D.C. and investors are starting to become weary of the gridlock. At the core of the debate in D.C. are arguments concerning spending cuts that would have to be [...]

Gold climbed to new record highs on Tuesday continuing its winning streak as safe havens with a touch of speculative flair were sought by investors. Volatility continued to rip through the Forex markets as the EUR, GBP, JPY, and AUD all gained against the USD. Economic data from both Europe and the States turned in disappointing results [...]

Friday highlighted that the markets continue to face hurdles. Global equity markets found it difficult to turn in positive results and the major indexes on Wall Street were mixed. The EUR remained at the stronger parts of its range against the USD. The Single Currency gained quickly on Friday morning, but did run out of steam as the day [...]