Forex news

The broad markets showed an increase taste for risk appetite late Tuesday. This developed as news from Italy came to light that Silvio Berlusconi has agreed (it appears) to step down from leadership upon the signing of new budget reforms. The EUR picked up some ground against the USD, and the GBP followed suit in its EUR centric mode. [...]

The USD continued to show some momentum albeit with a cautious tone against the EUR, GBP, and AUD on Monday. In early trading the Greenback picked up value against the Single Currency, but as the day wore on the USD essentially found a tight range. News from Europe continues to be a factor as politics mix with economics. Greece and Italy [...]

After a week of wild and swift trading in the broad markets, investors will have to be ready for further outbreaks of volatility. The EUR/USD pair has delivered wide ranges and is in a tight pattern as of this morning coming off Friday when a cautious air dominated. There will be relatively quiet data this week, but the U.K. has numbers [...]

The Greek saga has grown into a full blown drama with twists and turns. The Greek government let it be known yesterday via their Finance Minister that a referendum would not be held. Unfortunately that will not stop the No Confidence vote that is still scheduled for today. If the current Greek leadership fails to win this vote it will [...]

News from Europe has increased with drama regarding Greece. European leaders have made it clear that they are not happy with the prospects for a Greek referendum and have suspended the second payout of a promised bailout package until further clarity arrives. Uncertainty is the one certainty regarding Greece at this point and the EUR [...]

Instead of going away like a bad dream, Greece continued to press ahead for a referendum vote to be held publically on its austerity and financial bailout package. The EUR actually traded in a stable manner on Tuesday, but this was a day after a dramatic drop in value. The EUR is near short term lows along with the GBP and AUD, albeit for [...]

The broad markets opened Monday in a swift manner and they did not relent for the remainder of the day.  The JPY kicked things off as the BoJ intervened in the Japanese currency. And then things began to get interesting in Europe as Retail Sales from Germany faltered, coming in below expectations and setting the table for negative [...]

Markets began to turn cautious on Friday after a week of solid gains throughout the broad markets among perceived riskier financial assets. The EUR which had made significant strides all week on the back of the E.U. summit began to run into some headwinds. The GBP followed the EUR centric mode and began to show signs of some selling [...]

The EUR continued to gain in a strong way on Thursday as risk appetite was fueled for yet another day. Gold is at short term highs. Crude Oil has done rather well taken into consideration it has gained nearly ten dollars in the past month. And the equity markets globally have seen significant rises. The pace of the EUR stands out in light [...]

The E.U. announced their decisions late last night and investors in the short term have proceeded to sustain the value of the EUR which is at near term highs. While questions persist and concerns have not gone away, what the E.U. has been able to achieve looks like another victory within the confidence game that is being waged. Equities [...]