Forex news

A faint glimmer of holiday cheer seeped into the broad markets on Tuesday. The EUR, GBP, and AUD all gained against the USD. While all 3 major currencies remain near the weaker parts of their value against the Greenback, short term sentiment produced a rally. Wall Street turned in good results yesterday. A Spanish bond auction went well. [...]

Market noise came from equities on Monday as financial shares dropped in Europe and the States. Investors became nervous per the comments from ECB President Mario Draghi who signaled that the ECB does not intend on increasing its Sovereign Debt purchases and essentially ruled out a quantitative easing for Europe. Volumes in the broad [...]

The markets finished last week on a rather quiet note. The EUR, GBP, and AUD all finished near their lower values, but trading appeared to be rather tame and ranges were perhaps being tested. The holiday markets will begin to make their appearance as of today as institutional investors begin to move to the sidelines until after the New [...]

Caution entered the broad markets on Thursday. The EUR, GBP, JPY, and AUD all range traded. Essentially investors began to show signs of shutting down their trading for the holiday season. Unless something ‘big’ happens via news today and early next week, smaller traders will find that they are ‘allowed’ to test values in the [...]

Genuine nervousness remains prevalent in the broad markets as investors have sought safe havens, particularly the USD over the past few trading sessions. The Greenback has sustained its pace and is now squarely among its highest values against a bulwark of currencies. The EUR, GBP, and AUD are all limping forth burdened not only by the [...]

The EUR broke down towards new lows on Tuesday as investors continue to be nervous about the E.U. financial crisis. The saga has no end from Europe and going into the holiday season investors have found little cheer. The E.U. has not been able to overcome a lack of confidence which in fact seems to be building and because of it the [...]

The EUR tumbled further on Monday without any major economic data releases in sight. The Single Currency continues to be lackluster as the combination of the European financial crisis remains in the spotlight and the outlook for the global economy weakens. The EUR finds itself near support levels in which it is finding an abundance of [...]

The EUR was tested on Friday within it ranges. Early in the day the EUR was taken to new lows, but within a couple of hours began to turn around and march towards higher values, only to finish the day once again near the lower end of its range. In essence the Single Currency mirrored the sentiment that exists in the broad markets. [...]

Durante la jornada del día jueves el EURO quebró en baja, luego de que tuviera lugar la conferencia de prensa con el presidente del Banco Central Europeo, Mario Draghi. Si bien el BCE ya había recortado su tasa de interés, la divisa logró mantener la calma, sin embargo cuando Draghi habló sobre el difícil ciclo de crecimiento que [...]

A virtual standstill came into the broad markets on Wednesday as investors obviously began bracing themselves in mass for today’s ECB rate decision and tomorrow’s E.U. summit pronouncements. The EUR essentially flat lined within its lower ranges. Global equities turned in unspectacular results as investors sat on the fence. Europe [...]