Thin Trading on US Labor Day Dampens Risk Appetite, Boosts USDThe EUR/USD tested a significant support line at 1.2790, while the GBP/USD reached as low as 1.5350 before correcting back upwards. | |
ADP Non-Farm Employment Change on Tap After the U.S. dollar corrected some of its gains yesterday, a new trading day, packed with significant economic publications is ahead. | |
Bernanke Speech to Impact DollarThe US Prelim GDP, to be released at 12:30 GMT, is the primary publication today that is set to determine the level of the US dollar. | |
Ireland Downgrade Shakes Forex MarketsA downgrade of Ireland's sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. | |
EUR/USD Still Hovering Around 3-Month HighAfter hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. | |
Dollar Recovers after Consumer Confidence Report (28 July 2010)The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30. | |
Bank Stress Tests Fail Support the Euro Due To Questionable ReliabilityAfter a long time waiting, the Euro-Zone's famous Bank Stress Tests results were finally published on Friday evening. | |
EUR and GBP Tumble Following Bernanke SpeechBoth the euro and British pound fell against the safe haven currencies yesterday, following a speech from FED Chairman Bernanke which caste doubt over the pace of the global economic recovery. | |
Dollar and Euro Strengthen Despite Negative NewsIn a light trading day, the dollar was higher against most of the majors, with the lone exception being the euro. | |
Dollar Anticipates Release of U.S. Core CPIThe U.S. Core CPI is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. | |
Will The U.S. Trade Balance Report Support The Dollar Today?Due to renewed concerns regarding the Euro-Zone's debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. | |
Can Spain's World Cup Victory Add to Risk Appetite?The 1-0 over-time victory of Spain over the Netherlands in yesterday's World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain's crumbling economy? | |
U.S. Consumer Confidence to Set the Level for the USD TodayToday, traders should pay close attention to the release of the U.S. Consumer Confidence report. | |
Yuan Speculation has Market in Frenzy; USD in DeclineAnalysts have begun to make positive statements regarding China's latest announcement that it may consider an easing of the rigidness of their monetary policy. | |
Euro Continues to Rebound on Successful Spanish Debt Auction; Swissie SoarsRisky currencies performed well yesterday following a successful auction of Spanish bonds that helped to ease fears of the euro zone fiscal crisis, prompting investors to take on riskier positions. | |
Euro Continues To Strengthen Against the Dollar as Risk Appetite GrowsAfter several weeks in which the Dollar appreciated repeatedly against the Euro, the Euro is showing its first signs of recovery. The rising risk appetite in the market is the main reason for the strengthening Euro, but will it continue? | |
EUR/USD Spiked after Positive News in China and EuropeThe EUR/USD pair kicked off during yesterday's trading session for a second consecutive day this week. Investors turned to buying the Euro after positive economic news in China. | |
Euro Reverses Slight Gains Made YesterdayAfter a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S. Dollar and Yen. | |
EUR Comes off of Last Week's Lows Versus the MajorsThe EUR pairs rose from Friday's lows, particularly against the US Dollar and Japanese Yen, despite the continued slide in global equities. | |
Gold Continues to RiseContinuing market uncertainty and Euro declines helped support Gold prices as investors turn to the metal as an alternative safe haven investment | |
