Forex news

The USD powered ahead on Thursday in markets that saw lighter than normal volume due to holidays being observed in a variety of nations. There was no major data yesterday, but propelling the market were loud whispers coming from the G20 meetings that it recognizes that there is considerable worry among investors that Ireland may have to [...]

The broad marketplace proved that it is part of a confidence game that is living on a razor’s edge. The USD continued to gain versus the EUR and GBP on Tuesday as it was hinted that the quantitative easing from the Fed has been digested by investors, and now worries about debt ratios among some nations in Europe has become a concern [...]

The USD essentially traded in a consolidated range versus the major currencies on Monday on a very light day of data globally. The real story of the day was Gold as it smashed upwards to new highs breaking the 1400.00 USD an ounce price. The precious metal continues to find a complex group of supporters who include those worried about [...]

USD The USD gained on Friday and this came on the back of a better than anticipated Non Farm Employment Change number. As much as the jobless figure typically runs the show on the first Friday of every month, the USD did find impetus from outside sources. While Wall Street continued its winning streak and the bond markets struggled, the [...]

The USD traded in a rather predictable range against the major currencies on Tuesday as the U.S. midterm elections were held. The results of the election are nearly in and it is evident that the Republicans have taken the House of Representatives and what could ensue now is a fierce debate on economic policy including government [...]

The USD traded in a rather predictable range against the major currencies on Tuesday as the U.S. midterm elections were held. The results of the election are nearly in and it is evident that the Republicans have taken the House of Representatives and what could ensue now is a fierce debate on economic policy including government [...]

Trading on Monday essentially mirrored the ‘talk’ around the market place that was anticipated as the currencies basically held firm and now find themselves going into the next two critical ‘event filled’ days. Today the U.S. will hold its midterm election and it is widely expected that the Republicans will make inroads against [...]

The month of October ended on a cautious note in the broad markets. The USD held firm against the EUR. However, the GBP did manage to keep pace against the greenback. Wall Street managed to turn in a profitable month, but on a much more cautionary note compared to September. The first week of November could prove to be a memorable one [...]

USD The USD held onto its gains from the day before and started to raise the eyebrows of investors who may believe the slide in the greenback has almost reached its end. The USD picked up ground against the EUR and also made a slight inroad against the GBP. Core Durable Goods Orders data was released on Wednesday and came in below [...]

USD The USD had a repeat performance on Monday basically copying its range trading that took place before going into the weekend. The USD has gained slightly against the GBP, but continues to struggle against the EUR and JPY. The questions surrounding quantitative easing in the U.S. from the Federal Reserve continue to make for a [...]