Forex news

Tuesday started off relatively peaceful as full volume came into the markets. The EUR did trade a little weaker against the USD. Economic data coming from Europe and the U.S. proved disappointing, but not surprising considering the previous reports that have been lackluster from both spheres. However as the day was drawing to a close [...]

Full volume will return to the Forex and Commodity markets today. Trading was thin on Monday because of the Independence Day holiday in the States. Ranges were limited for most of the day and as of this morning the USD is showing some gains against the EUR and GBP based on early Asian trading. Economic data was light yesterday, but the [...]

Market volumes will be thin after the European sessions are completed today because of the holiday in the United States. The EUR continues to hold its ground amidst gains against the USD. The GBP has climbed slightly. And the AUD finds itself near the higher parts of its range once again. Before the weekend came Gold found itself under [...]

The EUR picked up a bit more ground against the USD on Thursday as investors search for its real value. The Greek government passed the second round of their austerity measures and news has circulated that German banks have agreed to allow the Greek debt that they hold to be ‘rolled over’. From the States the official Fed policy of [...]

Risk appetite has emerged as the austerity measures seem well on the way to clearing their hurdles via passage in the Greek government. Investors have seemingly bought into the short term optimism. The EUR gained significantly against the USD on Wednesday adding to its recent winning streak. The GBP and AUD have also followed suit and [...]

The EUR climbed against the USD on Tuesday as investors grew in confidence that a deal that will resolve the current Greek debt problems will emerge. Today the Greek government is set to vote on austerity measures this afternoon. The fact that the E.U., IMF, banking institutions in France, and Greece are trying to create a solution for [...]

The EUR/USD continued its range of ‘ugly sisters’ on Monday as the EUR picked up ground, but the USD actually held firm against the GBP, AUD, and JPY. The Greek government is starting to debate the merits of the proposed five year austerity plan and will have to be approved in order to take effect. Like the old five year plans of the [...]

Market sentiment remains on a razor’s edge as trading opens up this week. The developments in the Greek debt saga continue to cause nervousness as fears about a potential restructuring of obligations is rumored. The talk that is being heard is that Greece is having discussions about the possibility of rolling over its debt, thus [...]

The EUR/USD pair continued a rollercoaster like range as sentiment continued to roil. Greece apparently has come to an agreement with the E.U. and IMF on a new five year bailout package. But this hardly means that Greece is out of the woods because they still have to pass new austerity measures and then the nation needs to make them work. [...]

The Fed produced little in the way of surprises last night. Essentially Ben Bernanke highlighted what was known already. The American economy has hit a soft spot, its growth outlook has been tamed, and inflation remains a concern. The Fed said that it will stop the quantitative easing policy as planned in two weeks time, but continue a [...]