Forex news

The USD gained ground against major currencies yesterday, due mainly to the frightening debit crisis in Europe, which caused traders to flee towards the safe waters of the greenback. The U.S. Dollar also strengthened against the Pound, with the GBP/USD trading at 1.5498, a decline of 0.78%. The Australian, Canadian and New Zealand Dollars [...]

After two days of growth, Asian indices retracted, due mainly to the news that France plans to sell 8 billion euros of debt today. The MSCI Asia Pacific Index (MXAP declined by 0.4 percent to 115.98. Deposit the decline in fortunes for the Asian markets today thus far, the Hang Seng increased slightly by 0.4 percent. The Euro lost ground [...]

There is plenty of exciting action in the European front today, as the European Financial Stability Facility (EFSF) plans to raise an additional 3 billion Euros in order to combat the union’s worsening debt crisis.  European leaders are scrambling after the credit rating agency Standard andamp; Poor’s announced that the EFSF may lose [...]

The USD stumbled out of the gate as trading resumed after the holiday season. The greenback fell by 0.3 percent against the EUR and by 0.7 percent against the NZD. In addition to gaining ground against the Dollar, the EUR also strengthened slightly against the Japanese Yen, trading at 99.72 with some analysts predicting a resistance at [...]

The EUR continued its slide against the USD on Thursday and will begin Friday near low water marks again. The GBP has slumped under the weight of the EUR performance as the U.K. ties to the E.U. via its banking institutions are correlated into the fix. The AUD however has somehow beaten off the slings and arrows of the EUR problems the [...]

Investors dealt a body blow to the EUR on Wednesday as the currency found itself under pressure per negative sentiment continuing to mount regarding the E.U. financial crisis. Even as volumes remained thin, the orders that did come down the avenue were tilting towards the USD as a safe haven. The GBP followed the EUR lower versus the [...]

The broad markets largely produced a day of sideways trading as thin volumes continued to take their holiday toll. The major currencies produced consolidated movement throughout Tuesday as data and news proved to lack impetus. There will be no major data releases today and this will leave existing sentiment as king. While the European [...]

Volume will begin to increase slowly to the Forex and broad markets today. The EUR/USD pair will be of interest to watch as traders begin to test its ranges. The GBP and AUD will both follow the EUR, but it should be noted that the U.K. and Australia are celebrating Boxing Day. Many equities markets will open today, being led by Wall [...]

The broad markets have entered the full brunt of the holiday season. Volumes continued to decrease on Thursday and will become even thinner today. A long holiday weekend awaits most traders. The EUR, GBP, AUD, and JPY essentially traded sideways against the USD yesterday. Equities in the States turned in slight gains, but the results must [...]

The short term nature of holiday markets was proven once again on Wednesday. As volumes continue to decrease the EUR suddenly found itself on its heels against the USD as tough questions could not escape the European Union. The GBP and AUD both shadowed the EUR and went lower against the USD. The JPY lost a touch of ground to the [...]