Forex news

Consolidated trading was the general rule of thumb on Tuesday. The USD did lose some ground to the EUR and GBP, therefore finishing the day essentially where it started off this week’s trading. The equity markets globally turned in another tentative performance and the commodities markets all traded in mixed ranges. Gold as of this [...]

Without any major economic data being released on Monday investors were forced to trade off of existing sentiment. And the sentiment is generally not positive, that being said traders are able to make money from both sides – long and short. The EUR and GBP gave back some of their gains to the USD yesterday as investors likely questioned [...]

U.S. jobless data on Friday delivered a hard body punch to investors. The expectation going into Friday for the Non Farm Employment Change numbers was 161k, but the result was a mere 54k jobs added. To make things worse the previous month’s total was revised downwards also. The U.S. economic data has stoked worries about the possibility [...]

The jobless numbers will be released from the U.S. today and because of this the broad markets can be expected to practice caution before the figures are known. The EUR continued to hammer away at the USD on Thursday and has climbed back to the stronger parts of its range versus the Greenback. The EUR/USD stands on a perch just like [...]

U.S. economic data continued to come in negative on Wednesday, which promptly set off another wave of safe haven trading. Wall Street reacted to a bad ADM Non Employment Change number and poor result from the ISM Manufacturing  PMI with strong downward momentum. The USD did gain against the EUR in late trading, and the pair finds itself [...]

The markets responded with mixed results on Tuesday as full volume returned. The EUR was able to hold onto its previous gains and did show an ability to move upwards still. This occurred as news was reported that said Greece will get another aid package and Germany essentially will not stand in the way. Meaning that Germany has agreed to [...]

Full volume will return to the broad markets today a day after the U.S. and the U.K. both had holidays. The USD continued a slide on Monday against the EUR and GBP. But trading was thin at best and investors will have the opportunity to really prove their sentiment today. Friday also saw light trading as American investors snuck away for [...]

The markets should prove rather cautious today as the U.K. and the U.S. both commemorate holidays. As trading ended on Friday the USD finished at the weaker side of its range against the EUR and GBP. Wall Street went into the weekend with a slight gain, but an overall loss for the week. U.S. data last week continued to raise suspicions [...]

Skeptics were given GDP data from the U.S. on Thursday that confirmed that the American economy is not doing as well as official estimates have pronounced. The Prelim GDP yesterday came in with a result of 1.8% compared to the predicted 2.2% gains. The weekly Unemployment Claims also disappointed official projections and came in with a [...]

Economic data from the United States and the U.K. continued to mirror projections that the global economy is facing hurdles. The Core Durable Goods Orders numbers from the U.S. on Wednesday came in negative.  While the GDP number from the U.K. matched expectations a result of 0.5% will not open the floodgates of optimism. Also the BBA [...]