FXstreet.com (Barcelona) – The DAX 30 falls by -1.39%, Spain’s IBEX 35 sheds -2.20%, French CAC 40… For more information, read our latest forex news. FXstreet.com: Latest News
Euro lower in forex trading Once again, the euro is moving lower in forex trading on the currency market. Not only are forex traders looking forward to what they expect to be two consecutive ECB rate cuts, but they are also contending with the reality of higher bond yields. Indeed, while intervention helped Italian bonds [...]
With the positive impact of the news that Italian PM Silvio Berlusconi is to step aside quickly wearing off, risk aversion spiked higher once again yesterday. A jump in 10-year Italian bond yields well above the 7% level that many consider unsustainable caused investors to move into safe haven assets such as the USD. As [...]
Eurozone stability concerns weigh on 17-nation currency It’s true that there is some relief over the latest developments in Greece. A coalition government appears to be a good bet when it comes to passing the austerity measures Greece needs to adopt to receive bailout help. However, that relief has been overcome by concerns about Italy. [...]
FXstreet.com (Barcelona) – The wave of risk appetite witnessed on Monday after the G20 meeting has… For more information, read our latest forex news. FXstreet.com: Latest News
After an attempted rebound yesterday on talk of a statement from Germany and France on the Greek debt crisis, the euro came under renewed selling pressure late in the day and overnight. A teleconference between all three is now reported to be taking place later today but markets are holding out little hope that this [...]
FXstreet.com (Córdoba) – After a negative opening followed by a short-lived bounce, US stock… For more information, read our latest forex news. FXstreet.com: Latest News
Euro lower in forex trading The euro is slumping today in forex trading as concerns about the global economy rise to the surface. In the euro zone, concerns about growth, connected to Germany’s recently disappointing reading, are combining with sovereign debt worries. In the U.S., the latest jobless claims data is once again raising questions [...]
Risk aversion sets in Concerns about the financial situation in the U.S. are still a big part of global markets, including the currency market. Today, U.S. markets ended lower (although averting a steeper drop), and risk aversion around the world was basically non-existent by the end of the Asian session. The euro is lower in [...]
Euro down against dollar, yen in currency trading The euro is down in forex trading on the currency market, heading toward the 1.40 level. One of the biggest concerns right now is the rumor that Greece might be allowed to default on some of its debt, and that a rollover plan might be abandoned. With [...]
Gold Futures and other metals gained on Wednesday’s trading session as the US dollar rebounded after reaching its highs making base metals attractive for investors. Silver futures contract also jumped 3 percent in today’s rally. Gold futures contract for June delivery gained 0.40 percent or $ 5.50 to $ 1,528.80 per ounce in Comex tradin [...]
The euro came under downward pressure versus the dollar in early morning trade, with sellers emerging after a number of attempts to break through resistance points failed. Although still relatively strong as it is underpinned by the euro zone’s higher interest rates, the single currency is being overshadowed by sovereign risks concerns. In par Read [...]
EURO THREATENED OVER IRISH GOVERNMENT ELECTION LOSS Ireland’
EUR/USD in currency trading The euro’s sell off in forex trading on the currency market is easing today as things start to look a little bit better. Earlier, though, the euro was in a rather significant sell off, thanks to sovereign debt concerns in Europe. As a result of sovereign debt concerns, the euro dropped [...]
Slow day helps greenback in currency trading The U.S. dollar is finding some support in forex trading on the currency market this morning, helped along by the fact that U.S. markets are closed and volume is low. This comes as the U.S. dollar moved a bit lower at the end of last week, due in [...]
Forex trading with GBP/USD The sterling can’t seem to get ahead in currency trading on the FX market. Even though the FTSE 100 is doing well right now, the pound remains down in forex trading. Indeed, the euro is doing better, in spite of continued concerns over euro zone members’ debts. And, debt and political [...]