Forex news

The USD lost further ground to the major currencies in the forex markets on Monday. Weakness carried through from late last week’s trading for the USD versus the EUR and GBP. Global equity markets moved positively yesterday also, but it must be noted that volumes compared to last year remain quite low which may signal that not everyone [...]

The currency markets have reacted to the storm of events with a swift test of their ranges. The amount of important news that is affecting the broad markets cannot be over stated this morning. A simple list includes no less than the following Central Bank intervention via the BOJ coordinated with the G7, the Japanese crisis continuing, [...]

Investors like clarity, traders like volatility and it is traders that have seen their wish fulfilled this week. International news continues to dominate the landscape. The JPY lost ground to the USD in trading late last night and early this morning on the apparent joint invention by the Bank of Japan and G7 members. The currencies saw [...]

Asian traders instinctively perhaps Wednesday tried to be positive and this helped push up equity values in the bourses there. However today has started out on a negative foot once again as the crisis in Japan continues to deliver rather conflicting reports on the stability/ or lack of (depending on the particular source) regarding the [...]

The USD saw its ranges get tested by the EUR on Tuesday. As equity markets declined globally on fears that transpired because of the Japanese crisis, currencies began to move off of their consolidated ledges. The price of Gold also dropped yesterday, and many other commodity prices were put under pressure. A complex web of questions and [...]

Consolidation was largely seen in the currency and commodities markets on Monday as caution became the general theme due to the developing story in Japan. Equities however remain under considerable strain on many bourses as investors react nervously to what is perceived as a deepening crisis regarding the nuclear situation in Japan. The [...]

Traders should be prepared for swift and volatile broad markets today and perhaps the remainder of this week as financial institutions and investors come to grips with the Japan tragedy. The scope of the devastation in Japan is still be grasped and there are developing stories such as the stabilization of nuclear facilities that are being [...]

The USD and EUR provided some fireworks on Thursday taking into context that the two found themselves well within range at the end of the day. The EUR initially began to trade weaker against the USD after a downgrade of Spanish Sovereign Debt. However, as the day continued the EUR did find footing and begins today’s session within known [...]

Consolidated trading was self evident across the broad markets on Wednesday as caution has begun to have an effect on currencies and bourses alike. The USD traded in tight ranges versus the majors without little to be said, except values were slightly tested, but essentially left the Greenback on the stronger side of its recent weak [...]

Interest rates remain a focal point for investors going into to Wednesday’s trading. The USD gained on the EUR and GBP yesterday lifting the Greenback back into a bit of light. Economic data has been very light thus far this week and a vast amount of sentiment has been driven by geo-political events. The price of Crude Oil remains above [...]