Forex news

The term ‘overdone’ sometimes comes up in trading when talking about moves in various markets where the price action is perceived to have been too strong. This is a frequent case in commodities where certain resources can find themselves under the duress of sudden changing sentiments due to government reports or even weather [...]

The broad markets turned in another complicated day before going into the weekend as the U.S. Non Farm Employment Change turned in a dramatically disappointing figure which showed a gain of only 39k  (a far cry from the anticipated result of plus 143k) and a rise in the Unemployment Rate to 9.8%. This was coupled by continuing grumblings [...]

The next two days should provide an electric trading atmosphere, this on the heels of the today’s ECB monetary policy press conference and tomorrow’s U.S. Non Farm Employment Change numbers. The USD lost ground to the EUR on Wednesday, but certainly did not slip in a manner that showed the day’s session was anything more than what [...]

Not much has changed regarding sentiment since Friday in the sense that investors are still showing their nervousness regarding the situation in Europe. The USD has picked up steady ground versus the EUR, and the GBP has also continued to slip against the greenback. While the Irish situation continues to linger, investors have turned [...]

The USD saw volatility become its friend on Tuesday as it gained with rapid force against the EUR and many other currencies. The Irish financial situation remains a critical element of poor sentiment for the European currency and its overhang had a negative effect on the GBP also yesterday. Wall Street turned in a downtrodden performance [...]

The Irish banking and debt crisis took a turn for the worse and pushed the EUR lower on Monday against most currencies. The USD found itself back at highs against the EUR as Irish government officials started to debate implications of accepting new requirements from the European Union openly. A new Irish budget will be voted on shortly [...]

After a week of volatile trading across the broad market place, the currencies could be facing another rather tenuous few days. Today there will be very little economic data released globally, which will leave the Irish aid situation the main talking point. On top of that there is the fact that trading this week will fall off a cliff on [...]

USD The markets witnessed a day of consolidation across the boards on Wednesday as investors took a pause to reflect on the gyrations from the past few days. The USD waffled against the major currencies as it displayed early strength versus the EUR and GBP, but gave back its gains as the day progressed. Wall Street turned in a flat [...]

The USD kept up its momentum on Tuesday as it powered ahead against the EUR and continued a positive trend versus the other major currencies. While a host of CPI and PPI data was published in Europe and the U.S. yesterday investors remain focused on the developing story from Ireland regarding its banking and debt situation. Ireland has [...]

USD The USD has been able to hold onto its gains made late last week as it has kept the EUR under pressure and shown the ability to have some staying power against the GBP and JPY. Broad market conditions remain nervous as evidenced by global bourses, particularly Wall Street and the manner in which the Sandamp;P Index has traded for [...]