Forex news

The USD continued to trade towards the weaker side of it its trend against the EUR and GBP on Friday closing negative this after putting up some fight earlier in the week. The USD is now at the weaker side of its range against most of the major currencies including the JPY and even the AUD. Today is a holiday in the United States and [...]

The USD lost a bit of ground to the EUR on Wednesday, but the Greenback is still within known ranges against the Single Currency. The USD also traded in range against most of the other currencies. Essentially showing that Tuesday’s large amount of data may have been the climax of this week and has left the remaining days to prevailing [...]

The currency markets turned swift on Tuesday as the GDP reports from Europe underperformed and essentially set the table for a rather up and down test of ranges among the majors. The USD initially gained versus the EUR as the German and French Preliminary GDP reports missed their estimates. As the day progressed however, the Greenback was [...]

Yesterday’s broad markets proved cautious as many of the currencies and equities traded sideways. The USD stayed on the stronger side of its ‘weaker’ range versus the EUR and traded almost motionless versus the GBP on Monday. The Americans did not publish any major data yesterday, but today Retail Sales numbers will be brought [...]

Although there wasn’t much in the way of data on Friday, the markets reacted to developments from the Middle East as politics in Egypt took another turn. Upon the resignation from office by President Mubarek, it was apparent that risk appetite resurfaced in the equity markets that were still trading before going into the weekend. [...]

Just when it appeared that it may be safe to swim the calm waters of range trading, volatility appears ready to come into the picture again. The USD firmed against the major currencies on Thursday and this occurred with little in the way of substantial economic data. However, what has happened in the past twenty hours is that investors [...]

The USD had a mixed day of trading as it lost ground to the EUR, but essentially was stable against the other major currencies. Ben Bernanke spoke on Capitol Hill and offered no real surprises as he essentially reiterated the ‘party line’. Bernanke said that the Fed will continue with its quantitative easing policies, that the growth [...]

The major currencies once again languished within known ranges for the most part on Tuesday. After months of rather swift and volatile trading, two days in a row of rather calm waters has left many traders asking which ‘event’ will trigger another fast market. The USD continues to find itself near the weaker elements of its value [...]

Monday saw range trading in most of the currencies. The USD traded essentially in a pattern consisting of Friday’s highs and lows against the EUR and GBP. There was little economic data that was earth shattering yesterday and again today will be relatively quiet internationally. A Consumer Credit report was brought forth in the U.S. [...]

Friday started out quietly and saw the broad markets act in a cautious manner most of the day as the currencies and bourses held their respective grounds, this as investors awaited the results from the jobless numbers from the States. And when the Non Farm Employment Change and Unemployment Rate data was released it created a collective [...]