Forex news

Risk taking came out of hiding on Tuesday as the EUR continued to bully upwards against the USD in face of the Greek debt situation. Across the Atlantic the U.S. equity market turned in positive performances as all the major indexes rose. And where did all of this good sentiment come from? Was it better than expected economic data? No. [...]

Although the EUR did in fact find footing yesterday and was able to gain against the USD nearly finishing at its close on Friday, the problems regarding Greek debt have not gone away. What has been witnessed is apparently a line in the sand that has been drawn regarding ‘real value’ and the EUR appears set to test it current range [...]

The weekend did not produce an agreement for the Greek debt situation. Germany and other nations continue to debate the amount of money that Greece will be able to receive before the Greek government implements ‘needed’ austerity measures. Also the Greek public continues to mount protests in the streets and through strikes as they [...]

The Confidence Game that Europe has been playing for over a year regarding its debt crisis is reaching critical levels. This weekend German and French officials are set to meet to discuss the Greek bailout. The uncertainty that surrounds the EUR is palpable. The EUR/USD was actually stable on Thursday after the previous day’s volatile [...]

One day after good gains on Wall Street investors proved that not all is confident in the world of finance. Reversals were strong on Wednesday as the major indexes in the U.S. dived. Part of the reason for this was due to the lack of confidence that continues to come from Europe regarding its debt crisis. Greece took another step towards [...]

Wall Street turned in its best performance in two months on Tuesday as the major indexes all gained. The question going into today’s session will be if momentum will keep up. Investors cannot be faulted for thinking that yesterday’s equities action may have been bottom feeder inspired as some participants sought bargains. Retail Sales [...]

The USD lost ground to the EUR and GBP as range trading emerged and the broad markets proved that they continue to be tentative at best. Wall Street turned in a mixed performance that may have been slightly positive, but after six weeks of losses the fact that equities could not mount a good run on a Monday is not a bright signal. Today [...]

Wall Street was brutalized on Friday before going into the weekend. Risk adverse trading finished the day with investors essentially looking for protection. The USD gained versus the EUR and GBP and finished in the middle of its range, which essentially sets up the coming days as another test for traders. The EUR struggled per the [...]

The USD gained against the EUR on the heels of the ECB press conference anchored by President Trichet. While signaling a possible rate hike in July, the ECB President also added that inflation appears ready to moderate. This left investors with the perception that even if the ECB hikes its interest rate in July it is more likely to be a [...]

The broad markets including Forex and commodities largely danced around existing ranges on Wednesday. While the USD did fight off an early rise in value from the EUR, by the end of the day prices basically mirrored the previous day. Equities continue to struggle and Wall Street turned in another poor set of results across the major [...]