Forex news

Thursday proved to be a cautious day of trading across the broad markets as the USD traded in known ranges against all currencies. While the U.S. was releasing a lackluster weekly Unemployment Claims report and a disappointing Philly Fed Manufacturing Index outcome, investors stayed focused on the larger picture which incorporates [...]

USD The song has remained the same the past two trading days. The USD continues to show weakness and face stiff tests from the other major currencies as the greenback essentially has been put under pressure (apparently willfully) from its own Federal Reserve. While it is not a direct intervention by the U.S. publically, in reality the [...]

The currency market saw another day of rather accentuated ranges on Tuesday as the USD began the day on a stronger footing but gave back its gains as the day wore on. The EUR and GBP both climbed back from the lower parts of their very recent trends and crept back to near the highs during the night. The FOMC Meeting Minutes showed that [...]

The USD continued its decline on Wednesday against many of the major currencies as the broad markets exhibited nervousness – this as equities turned in mixed results and gold once again climbed to new highs. The U.S. saw the release of the ADP Non Farm Employment Change numbers and they came in worse than expected. However, the impact [...]

USD Tuesday in many respects was a replay of the previous session as the USD continued to remain under pressure against the EUR and GBP. The JPY in the meantime also continued its steady pace and stayed at the stronger side of its trend. The ISM Non Manufacturing PMI was released from the States and it came in better than expected with [...]

USD The USD went into the weekend with a weak stance after faltering again versus the EUR and GBP. The overhang that exists from the belief that the Federal Reserve may initiate another round of quantitative easing continues to roil the currency markets globally. October started with mixed data as the Revised Consumer Sentiment reading [...]

USDThe USD lost ground to most of the major currencies except for the JPY on Tuesday on a day that saw swift trading again in the currencies. The EUR and GBP both gained quickly against the USD and they did so after a rather poor CB Consumer Confidence reading from the States, which set off yet more ‘fear’ that the Federal Reserve [...]

The USD lost more ground to the EUR and GBP on Monday, but not with the same vigor that it experienced last week. Wall Street slipped yesterday as equities found some resting ground, but this occurred after what has been a consistent month of gains since September got underway. The Dow Jones has gained well in the past couple of weeks and [...]

The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues to have ramifications as it has set off a wave of debate regarding the manner in which the Fed will combat any further [...]

USD The USD continued to trade in range on Friday as the broad markets continued to take a cautious approach. The U.S. released Preliminary Consumer Sentiment results from the University of Michigan before going into the weekend and a disappointing mark of 66.6 was the outcome compared to the estimate of 70.2.  Wall Street reacted to this [...]