Forex news

Most of the broad markets will be closed today meaning that any trading that takes place could see a sudden burst of energy from a large position. However, until Monday afternoon when the Americans open for business volumes will be extremely thin at best and participants should be aware that it will be quiet. After Wednesday’s continued [...]

The broad markets appear to be in rocket mode. The EUR and GBP have gained against the USD along with most of the other benchmark currencies. Investors, going into this long holiday weekend, appear to be downplaying risks and moving head first into speculative positions. Gold continues to push forward in record territory and is [...]

Swift and volatile trading has been seen in all the benchmark currencies the past two days. The EUR/USD has turned in a wide range as a both Europe and the United States have been dealt hard punches from news being generated around their debt futures. The European Union has seen a renewed discussion on the possibility of Greece having to [...]

The USD gained on the EUR on Friday with the Greenback practicing a slightly better stance. The USD has seen sustained pressure, but managed to find some backing as rumors continued to swirl regarding the European Sovereign Debt story. The U.S. did release Industrial Production data, which came in slightly better than anticipated and saw [...]

The EUR lost ground abruptly on Thursday as rumors continued to spark around the story that Greece would have to restructure its debt. Greece was quick to deny the rumors. The IMF also came out and said that Greece remains committed to its austerity measures. The problem with all of this is that investors have essentially been down this [...]

Consolidated trading was loud and clear on Wednesday as the currencies, equities, and many of the commodities stood in place compared to their rather swift moves from the past week. The USD continued to find itself on the weaker side of its range versus the EUR, the GBP, and JPY. The question that traders should be asking themselves this [...]

The EUR continued its surge on Tuesday highlighting that Monday’s brief decline may have only been a profit taking mode. The fact that the ECB is maintaining a strong inflation stance compared to the Federal Reserve and Bank of England have essentially helped the EUR gain. As pointed out, numerous pitfalls may be awaiting the EUR, but [...]

The EUR came off the higher parts of its range on Monday against the USD. It remains to be seen if this is merely profit taking via speculative positions or a sliver of doubt coming into the Single Currency. The JPY has continued to get stronger since Friday, nervous trading remains significant in Asia and this was heightened this morning [...]

The EUR continued its momentum on Friday against the USD and has begun to leave some traders scratching their heads in wonder. Gold and the AUD also have continued their respective gains as both are within record territories. The JPY has gained in early trading this morning and has come off of the weakest parts of its range versus the [...]

Upon the interest rate hike from the ECB on Thursday the broad markets reacted with calm. However, after ECB President Trichet’s press conference things began to get interested and have built on the energy since then. The EUR has run up higher against the USD, Gold has broken through to new highs, and the AUD is also in record territory as [...]