Market Optimism Temporarily Pulls Down Safe-Havens
The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With...
View ArticleWill the Euro’s Rally Continue?
Last week, one of the most notable trends in the market was the bullish euro. By Friday, the euro was once again boosted on speculation that the ECB will hike interest rates in February. Today, several...
View ArticleUnrest in Libya Boosts Crude Oil to $99.90
Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While...
View ArticleUS Dollar Remains Weak despite Dip in Commodity Prices
This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today’s report on US...
View ArticleVolatility expected in the Forex markets
The US dollar saw very little substantial movement during the Asian trading session as investors eagerly await today’s ADP Non-Farm Employment Change figure, set to be released at 13:15 GMT. Analysts...
View ArticleDaily Forex Analysis
The euro rose to a near 4-month high against the U.S. dollar on Wednesday on prospects the European Central Bank (ECB) will today emphasize a readiness to raise record-low interest rates amid...
View ArticleCrude Oil Trades Near 29-Month High as Middle East Unrest Continues
As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also being supported by the positive U.S. employment data which was...
View ArticleDaily Forex Analysis
The euro rose to a four-month high against the U.S. dollar on Monday, on steady buying by Middle East accounts. It also appears to have been boosted by favorable interest rate differentials. The EUR...
View ArticleDaily Forex Analysis
Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24 hours,...
View ArticleForex trading is easy with the right advice
Forex trading offers a lot of opportunities to individual traders. Through study, hard work, and perseverance, many people have made significant sums through the forex market. You should always ensure...
View ArticleDollar Falls as Risk Appetite Rises
The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the risk-sensitive currency, pushing it further off the...
View ArticleUSD May Turn Bullish Today
Following yesterday’s losses, the US dollar has the potential to stage a bullish correction today providing that this week’s Unemployment Claims figure comes in as predicted. Analysts are currently...
View ArticleUS Dollar gains from reduction in US federal deficit
A positive element to emerge from yesterday’s economic events from the United States was a reduction in the Federal Budget Balance, from a deficit of $150.4B to a deficit of $80.0B. Following this...
View ArticleEUR Dives from Investor Pessimism
The euro’s downturn against its rivals yesterday was brought on at the start of this week’s trading by reduced optimism regarding the EU rescue fund’s expansion. Some analysts were disappointed that...
View ArticleEuro Reaches Two-Month High Against USD
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally in...
View ArticleFurther Bearish Movement Expected for USD Today
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch of data is expected to show declines in the production,...
View ArticleDollar Rallies on US Employment Data
The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment. USD Non-Farm...
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