Forex news
Risk Appetite Versus Caution 18-01-2011
As the U.S. took a banking holiday on Monday the broad markets turned in a collectively mixed performance. Currencies languished within known ranges as the USD essentially traded in a rather quiet manner versus the EUR and GBP. With no data coming from the States and only a minimal amount of statistics from Europe, investors participating [...]
Short Term Markets In Force 17-01-2011
The USD managed to find some stability against the EUR on Friday, but did go into the weekend on a weaker foot considering its overall performance. Today the U.S. markets are shuttered for a holiday, which will affect volumes dramatically as the European banks and bourses begin to close on Monday. The economic data from the States on [...]
Trichet To Face Tough Questions 13-01-2011
The USD lost additional ground to the EUR and GBP on Wednesday as the broad markets showed a taste for risk appetite mirrored via the results in the global equity markets. Portugal was able to have a successful bond auction and apparently did enough to qualm the nervousness among investors temporarily. There was little in the way of [...]
European Sovereign Debt Rules 12-01-2011
The USD lost some ground to the EUR and GBP on Tuesday, but still maintains the stronger zones of its range. The impetus for the day came from Portugal as the government denied that it will need to step in line for a bailout regarding its financial prospects. Portugal will be offering their bonds to the marketplace today and the yields on [...]
Portugal and The EUR The Key 11-01-2011
The USD has continued to trade in a strong mode the past couple of sessions and held onto its gains Monday. The jobless numbers from the States Friday were not as good as were expected and although the Official Unemployment Rate fell to 9.4% it was not taken as a particularly good sign – this because many people have simply stopped [...]
Nervous Sentiment and Jobless Data 07-01-2011
The EUR moved to the lower depths of its recent value against the USD on Thursday as it stumbled out of the gate early and never recovered. The GBP followed suit, leaving both currencies looking rather weak against the USD and setting up a potentially volatile day with the Non Farm Employment Change numbers on the schedule from the [...]
Interesting Days Coming 06-01-2011
USD The USD gained on the major currencies on Wednesday as trading began to return to normal particularly in the States. Europe will not come back to full volume until next week, but with important data coming from the U.S. tomorrow investors will be paying attention. The data that all market participants will be gearing for is the Non [...]
Commodities Tumble 05-01-2011
It will take another week to determine if Tuesday’s trading was a return to normality or an extension of the holidays. The USD gained slightly against the EUR and GBP, but the real action for the day came from the commodities markets as physical resources were taken lower across the board and the AUD followed suit. Gold and Crude Oil [...]
Into The New Year We Go 03-01-2011
Full volume will not return to the broad international marketplace today and trading may remain thin until the middle of this week. Many markets are still closed today for the holiday even though New Year’s Day was celebrated this weekend. The USD has traded slightly weaker against the EUR and GBP the past couple of sessions, but this [...]
Thin Volumes and Momentum 28-12-2010
Monday proved to be the quietest day of trading for 2010 as volumes were derailed by investors celebrating the holidays and the addition of a winter snow storm in the U.S. which meant some traders who may have wanted to participate in the action were not able to get to their respective offices. The currencies traded in very narrow ranges [...]
