Forex news

The USD bounced back in late trading on Tuesday after giving up some of its gains earlier on Tuesday. The Greenback continues to build on risk adverse sentiment that is being generated from the European Union. Greece was back in the news late in the evening as it became apparent that political tensions within the government may lead to [...]

The broad marketplace continued to display cautious sentiment on Monday. Global equity markets declined. Wall Street experienced steep losses on the major indexes as downward pressure continued to mount. The USD held steady against the EUR and GBP. Gold was resilient and Crude Oil remained in a tight range. Investors appear to be waiting [...]

GBPUSDThe Pound has been falling all May in a clean price channel.  The most recent pull back occurred at the intersection of the price channel and resistance at 1.6250, forming a long doji candle.  The pullback offered an excellent entry opportunity, and price is expected to keep falling towards the lower channel line. There is [...]

The EUR debt crisis continues to pick up steam. And repeating a performance from the past two weekends, European governments made several pronouncements over the weekend which are likely to affect investors today. The EUR lost ground to the USD as Friday’s market session came to an end. The word restructuring being used about the [...]

The broad markets continued to turn in a rather firm trading session on Thursday. The EUR fought through ranges and finished the day with gains against the USD, and the GBP followed suit. Commodity prices continued to consolidate on Thursday highlighting that even as risk is being sought by investors that there is an underlying tentative [...]

Risk appetite made an appearance on Wednesday throughout the broad markets. The EUR continued to find support and gained versus the USD. Gold and Crude Oil both were able to climb and equities also found some positive movement. With two days left in the trading week it will be up to the remaining sessions to see how the week turns out [...]

A confidence game is in full effect as government officials including Central Bank leaders and CEO’s from various corporations speak about the ‘health’ of the global economy. The ECB is insistent that the Greek debt situation and the crisis that has been shadowing other European nations regarding Sovereign Bonds are under control. [...]

Risk adverse trading dominated the broad markets on Monday leaving most of the currencies in range bound motion. The USD started the day off on a weaker stance, but as the day wore on pushed itself back to values it had nearly started the day with. The EUR continues to be the focus for many Forex traders regarding sentiment. Portugal, [...]

Volatility came back into the broad markets in the wink of an eye on Wednesday. The markets maintained a steady stance for most of the day, but as the American session began to get underway in earnest the commodity and Forex markets both turned swift. For the second time in about one week the price of Gold saw a quick and sudden reversal [...]

The EUR reversal was put on hold as traders consolidated their positions on Tuesday and actually took the Single Currency to better values. With both Greece and other European nations saying a restructuring of Sovereign Debt is out of the question – and an exit from the EUR impossible, the Single Currency found stability. However, [...]