Forex news

USD Wednesday proved that risk appetite clearly can be taken off the table quickly. The USD gained versus the EUR and GBP, as its stable performance the past couple of days grew into strong momentum. This took place as investors proved that they were shaken by the Fed’s FOMC Statement, and the combination of prior lackluster data, that [...]

USDThe USD continued to trend slightly stronger versus the EUR and GBP on Tuesday as the marketplace became cautious across the board.  Market participants largely waited for the FOMC to issue its statement late in the day and this had a rather negative effect on international equities as investors worldwide seemed to express sentiment [...]

USDA quiet day of economic releases greeted traders returning from the weekend, but the USD did manage to pick up some of its lost ground versus the GBP and EUR. Wall Street was slightly positive by day’s end, but it was evident that any investors who were sitting on the fence previously remained firmly in place yesterday. Today the [...]

USD The USD lost ground to the EUR again on Friday as the jobless data from the U.S. showed that not all is well with the American economy. The Non Farm Employment Change numbers came in with a disappointing result of minus -131k nearly doubling the estimated loss of minus -63k. Equally disturbing for investors will be the downward [...]

USDBy the end of Wednesday the USD began to recover some of its lost value against the EUR and GBP. The day will not be remembered as a volatile one, but the greenback did bounce back proving that a one way avenue did not exist. The ADP Non Farm Employment Change data was released and produced a better than expected outcome of 42k [...]

USDThe USD continued to lose ground to the major currencies across the spectrum on Tuesday. Data from the States produced another lackluster day and will likely set the tone for a rather cautious approach going into the critical Non Farm Employment Change numbers Friday. Pending Home Sales figures were negative with an outcome of minus [...]

USD Following its weak trend from the past month, the USD continued to be beaten backwards by the EUR and GBP. The U.S. released the ISM Manufacturing PMI reading Monday and it beat expectations with an outcome 55.5 compared to the estimate of 54.2. Wall Street reacted to the improved figures with a rally. Ben Bernanke also delivered a [...]

USD The USD continued to trade towards the weaker side of its range against the EUR and GBP on Friday.  The results of the Advance GDP statistics proved unflattering as they came in slightly under expectations. The gain of 2.4% versus the expectation of 2.5% seemed to prove negative sentiment correct going into the weekend. The Chicago [...]

USD A day of range trading was experienced on Wednesday as the markets tried to interpret rather disappointing data and news from the States.  Core Durable Goods turned in a disappointing drop of minus -0.6% compared to the estimated gain of 0.6%. Also the Federal Reserve’s Beige Book report did not provide a glowing outlook on [...]

USD The USD mirrored the broad marketplace in the States on Tuesday turning in a mixed performance. The USD traded in a stable manner against the EUR but continued to lose ground to the Sterling. Economic data proved much the same yesterday, as the CB Consumer Confidence reading missed its estimate and turned in a number of 50.4 compared [...]