Forex news

Central Banks are getting attention for the first time in nearly two years when taking into consideration the possibility of interest rate hikes. The major Central Banks including the ECB, BoE, and Fed have not had the slightest threat of borrowing hikes in nearly two years, but this circumstance may be about to change if the price of Oil [...]

Before leaving on an extended business trip, the term ‘oil shock’ was used in this daily analysis column. And nearly a week and a half later the words are resonating around the world. Major economic powers are dealing with very a complex mix of inflation caused by rising energy costs and growth prospects which remain lean. The U.S. [...]

The Euro dominated the currency markets on Thrusday, following the ECB's press conference.  Trichet called for strong vigilance to battle inflation said a rate hike at their next meeting in April was possible.  The Euro broke out to its highest level since November, although the move up was limited, as traders had expected a hawkish [...]

The unchecked uptrend in oil continues to weigh on the US dollar, as the greenback posted losses against all major currency pairs on Wednesday.  Escalating violence in Libya which reached dangerously close to oil centers, sent oil up more than 2%, and pushed gold to new record highs. The Euro rose to its highest level since November, [...]

The final numbers for the major currencies mask what was in fact a volatile trading day.  The EUR, GBP, and CHF all settled within .1% of their close on Monday, as the European session's moves were undone during the US session. PMI data from the US reached a 7-year high, indicating a significant recovery in the manufacturing segment of [...]

The dollar index was hit hard on Monday, as the Pound, Euro, and Canadian Dollar posted significant gains, while the Swiss Franc, Yen, and Australian dollar dropped lightly. Equity markets have rallied over the past two days, as oil prices have stabilized.  Nonetheless, oil prices remain at multi-year highs, and are roughly 15% higher [...]

Global equity markets rallied on Friday, as oil prices stabilized.  Traders should not mistakenly think that the Libya situation is behind us.  Libya shows no signs of quieting down, and it is likely that we will see additional fallout from the North-African conflict. The Euro rallied in the morning,  supported by mostly positive [...]

The broad marketplace continued to trade under the clouds from the possibility of an ‘oil shock’ as political tensions continue to mire North Africa. Global investors have watched as international bourses have largely lost value. The USD lost ground to the EUR, GBP, and JPY on Wednesday. Gold is trading at 1410.00 USD per ounce as of [...]

The USD lost ground to the EUR as Tuesday rounded off its trading day. When things started out earlier the USD made gains against the EUR and GBP, but as the Americans returned from their holiday it became apparent that the USD started to lose value and fall back to the weaker sides of its range. The news from North Africa continues to [...]

For over a month it has been discussed that risk appetite has set the tone for the broad marketplace and helped make the EUR and GBP stronger against the USD. However, while the U.S. was on holiday yesterday and most of the currencies traded largely in place, risk appetite suddenly took a hit. News from the political crisis developing in [...]