Forex news

The European Union won a round within its Confidence Game on Thursday and investors reacted by increasing their willingness to take on risk. The EUR swiftly gained against the USD. The GBP and AUD also did well against the Greenback. Essentially Europe has re-written their rules and allowed for a rollover of Greek debt while claiming it [...]

The E.U. will begin their much anticipated emergency bailout meeting for Greece today. This is not a reprint from last year folks, this is the second emergency bailout that Greece is about to receive, and it may not be the last. The question is not if the leaders of Europe will produce confident statements, the question is if they will [...]

Wall Street turned in a positive session on Tuesday. Investors appeared ready to provide a ‘relief rally’ after a disappointing Monday. Washington also was able to elevate risk appetite with a compromise proposal now on the table, which would raise the debt ceiling level for the States. Housing sector data including Building Permits [...]

The markets opened Monday’s trading with nervous sentiment and this continued into the day. The EUR started off the day on a weaker foot as it was taken lower predominantly during the Asian and European trading sessions, but it was able to stabilize as American volume started to enter the markets. The EUR/USD continues to exhibit signs [...]

Risk adverse trading continued on Friday. The EUR/USD began the day on a cautious note and as investors went into the weekend the Single Currency began to show signs of slipping. Gold continued to trade near its all time high and as of this morning the precious metal is around 1596.00 USD an ounce. The Europeans released their Stress Test [...]

The broad markets turned cautious on Thursday as investors began to brace themselves for the results of today’s Stress Test results from Europe. While many consider these tests nothing more than a ‘confidence builder’ which include a curious mix of criteria that do not necessarily meet the standards of many generally accepted [...]

Wednesday proved to be another day of volatility in the Forex markets as the EUR gained against the USD and other major currencies made their presence known. The EUR started off yesterday showing some signs of stability, but it was Fed Chairman Ben Bernanke who set off fireworks when he responded that if called upon the Federal Reserve [...]

Tuesday started off with negative sentiment continuing to punish the EUR against the USD. However as the day progressed the EUR was able to find some stability and came off of its lows. The EUR/USD has been swift the past few trading sessions and this is unlikely to change anytime soon. Traders must continue to be aware of news flows as [...]

The ECB surprised few when it raised its interest rate on Thursday by a quarter of a point. The rate increase will be debated regarding as to why it occurred. On the surface the ECB will certainly claim that the change in monetary policy is being enacted because of inflation pressure. It will be up to investors to now decide on how they [...]

So here we sit on the cusp of yet another likely interest rate hike from the ECB. Is this an interest rate hike to slow down out of control growth or inflation? No. It is in the opinion of this analyst a confidence game being played by Trichet and friends in order to create a better value for the EUR when it actually should have a much [...]