Forex news

Asian stocks continued their rise this morning, with the MSCI Asia Pacific Index (MXAP) up by 1.1 percent. Asian markets produced a strong showing in part due to a positive Jobless Claims report from the United States and successful European debt sales earlier this week. The USD/JPY is up this morning by 0.075% at 77.17, while the EUR/JPY [...]

Asian stocks are up this morning in response to the positive news that the IMF is seeking to increase its bailout fund resources by 1 trillion USD. It is not immediately clear where this massive influx of cash will come from, but investors are nevertheless buoyed by the prospect. The MSCI gauge increase by 0.9 percent, while the Hang Seng [...]

After several days of humiliation and controversy, the EU seems to be rebounding after successful bond sales by EFSF and several other Euro Zone members, including Greece and Spain, were held yesterday. It was just last Friday when the rating agency Standard andamp; Poor’s lowered the credit rating of nine Euro Zone members, including [...]

After the horrendous credit rating cut experienced by nine Euro zone member countries on Friday, the agency responsible for the market shakeup, Standard andamp; Poor’s was at it again. The EFSF, or European Financial Stability Facility, lost its AAA rating. The European bailout fund has been downgraded to AA+. EFSF leaders attempted to [...]

The Euro is stumbling out of the gate this morning, down against the Pound, greenback and the Japanese Yen. The EUR/USD is down by 0.27% and is currently trading at 1.2644. The EUR/JPY fell by an even greater amount, trading at 97.14 after dropping 0.43%. The EUR/GBP is trading at 0.8261 and is expected to encounter resistance at around [...]

The Euro was up yesterday against most major currencies as the European Central Bank announced that a credit crisis has been averted. On the heels of this somewhat suspicious announcement, Italy will be conducting a debt sale, scheduled to take place sometime today. The announcement by the ECB reenergized the Euro somewhat, with the 17 [...]

Investors scrambled to buy Dollars and shied away from other major currencies yesterday, in part due to ever worrying concerns over Europe. The greenback was up against the Euro near the end of trading yesterday, with the EUR/USD trading at 1.2703. Euro Zone leaders are planning an unprecedented debt sale this week, in order to resume [...]

The Euro held its ground against the greenback yesterday, in small part due to the relieving announcement by the rating agency Fitch, that the French economy was not in danger of being downgraded. The EUR/USD was up slightly near the end of yesterday by 0.15 percent, trading at 1.2784. Both the Euro and the Pound are down this morning [...]

The greenback stumbled against the Euro by the end of trading yesterday, as skepticism against the single currency waned due to the much publicized meeting between German and French officials and the resignation of the Swiss Central Bank chief. The EUR/USD was trading at 1.2759 yesterday, down 0.32 percent. The strengthening of the Euro [...]

The Euro continued its downward trend this morning with the EUR/GBP down 0.10% and trading at .8238. Since the beginning of this year the Euro has been hounded by political and fiscal uncertainty as investors look for signs of stability from the single currency’s governing body. The Euro is also down against the Swiss Franc and the Yen, [...]