Forex news

Wednesday provided traders with a mixed day as the broad markets traded in ranges and finished nearly where they started. The USD picked up a little ground versus the EUR, but its move was not huge taken into the context that the EUR has performed so well the past few weeks. Today could be a big day of news and it will then look towards [...]

Risk appetite propelled the USD lower against the EUR and GBP on Tuesday as the Greenback got pushed to the lower depths of its value in comparison to many of the major currencies. International bourses continued to trade positively and Wall Street finds itself touching high water marks. The ISM Manufacturing PMI beat expectations [...]

Investors showed the ability to take on risk Monday even as storm clouds are circulating over the Middle East. The Egyptian crisis is developing quickly and today will offer another day in which sentiment could be affected. However, the USD lost ground to the EUR and GBP as the Greenback essentially went back to the weaker parts of its [...]

Risk appetite took a direct hit on Friday and it impacted the broad marketplace. The political crisis developing in Egypt has put a large dose of caution into the markets and investors sought safe havens, which made the USD stronger against the EUR and GBP. Not only did the Greenback get affected from risk appetite shifting, but [...]

The broad markets performed another rather tight performance on Thursday as the major currencies all showed consolidation. The biggest change has been the price of Gold which has sunk as of this morning to 1311.00 USD. Crude Oil is also showing downward pressure and finds itself around 85.00 USD a barrel. Interestingly enough as officials [...]

The broad markets experienced a true day of tight range trading on Wednesday as investors seemingly tried to gather themselves after nearly two weeks of rather swift trading. The USD remains on the weaker side of its range against the EUR and the GBP did manage to drift towards a slightly higher value after Tuesday’s rather negative [...]

The USD started Tuesday on a stronger footing versus the EUR and GBP, but as the day went by the EUR began to gain once again and continues to sustain strength. On the other hand the GBP kept struggling because of a negative GDP report. While the U.S. turned in a good CB Consumer Sentiment report with an outcome of 60.6 compared to the [...]

The USD continued to be under assault from the EUR on Monday. There was no major data from the U.S. and Europe published its PMI Manufacturing and Services Flash reports from Germany and France with mixed to negative results. However, this did not stop the strong EUR move. The Sovereign Debt situation has not been put to bed on the [...]

The USD continued to lose ground to the EUR and GBP on Friday as risk appetite continued to recruit new backers. Data was light on Friday, but what was published in fact showed that Europe is still not out of the woods yet economically. The German Ifo Business Climate reading came in at 110.3, which was slightly above expectations – but [...]

The broad markets proved swift and furious all of Tuesday. The USD started off on a stronger foot against the EUR, then lost momentum, and continued to test short term momentum late into the evening and the greenback finished in the weaker part of its range against the Single Currency. The day can best be described as watching true market [...]