Forex news

Last week finished with traders perhaps feeling as if they had been put on a roller coaster and trapped. The USD continued its sudden reversal on the EUR as the Greenback gained value quickly. Spurring on this move was not only the choppy commodity markets, but more critically the news that is swirling around Greece. Apparently the E.U. [...]

Simply put Thursday was an absolutely wild day for traders across many fronts. The EUR sank sharply against the USD and this came about as the physical resources all suffered severe declines. Gold, Silver, and Crude Oil found vast downward pressure. The broad markets not only were reacting to what was perceived as a dovish speech by ECB [...]

Commodity prices broke downward yesterday as Gold, Crude Oil, and Silver  all declined. Gold is certainly still within the higher realms of its trend and it might be foolhardy to consider its upward momentum a thing of the past, but trading on Wednesday was highlighted by broad market nervousness. This was exhibited through a less than [...]

The broad markets remained rather tentative on Tuesday as investors continue to show weariness ahead of tomorrow’s Central Bank policy meetings via the ECB and BoE. The USD did pick up some ground against the GBP, but continued ranging against the EUR. The AUD slipped further off of its highs and this took place as Gold retraced off of [...]

Monday proved to be a day of cautious range trading. Although the USD fell to new lows against the EUR and GBP during the day’s session it also fought back to the ground it had started from and in effect worked like a pendulum. Gold has maintained its high territory but has come off of its absolute record. Crude Oil remains stubborn and [...]

In many respects the currency markets will begin to trade in earnest today essentially where they left off on Friday discounting ranges. Many banks and bourses will be closed across Europe today because of Labor Day. However the United States will be open and will have normal trading. Taking into context the news that developed this [...]

Thursday was a much more tranquil day of trading compared to Wednesday as the broad markets seemingly took a breather. The USD languished near lows against the EUR and GBP, but did manage to find some footing. However a weaker than expected GDP number from the U.S. yesterday again highlighted that the American economy has many hurdles [...]

The effect of last night’s FOMC Statement and Press Conference was laser like on the currency markets. The USD finds itself at three year lows against the EUR, and also found itself bruised by the GBP. The AUD is trading near twenty nine years highs and Gold is at a record mark. What did Ben Bernanke say that killed the USD? Well [...]

The market returned to its ‘new normal’ on Tuesday as volatility swept into the benchmark currencies again as full volume returned. The AUD finds itself at new highs as the price of Gold continues to trade near highs. The EUR is maintaining the stronger parts of its range against the USD. And although seemingly within the higher [...]

Yesterday proved to be a light day of trading with many investors still on holiday. The U.S. markets were fully open but volume was limited. Gold which started out Monday near record highs did fall back and as of this writing is near 1500.00 USD an ounce. Wall Street turned in a rather cautious day with slight declines within the Dow [...]