Currency trading on the FX market The euro continues to maintain the upper hand against the U.S. dollar in forex trading on the currency market. Euro is heading higher, in spite of the general risk aversion in the financial markets today. Instead of focusing on Japan and a possible nuclear crisis, like so many of [...]
U.S. dollar down across the board Surging metals prices are sending the euro higher in forex trading, as the dollar drops across the board. Euro continues to gain in forex trading, targeting 1.51. Right now, risk appetite for higher yields is high as the U.S. dollar is forced lower by sky rocketing gold prices and [...]
Australian dollar gets support from prospect of global economic growth The Aussie continues to surge in forex trading. An Australian dollar rally that started yesterday continues today as commodities — especially gold — show signs of strength. One of the drivers right now is the prospect of global economic growth. The latest employment data out [...]
Euro gains in forex trading The euro is continuing its rally in forex trading on the currency market. The 17-nation currency has moved above the 1.41 mark, and is looking for some solid support moving forward. Some of the support for the euro in forex trading is coming from the expectation that interest rates will [...]
Yen continues in strength on the FX market Even with a $61 billion economic stimulus package approved in Japan, the yen continues to gain in currency trading on the FX market.
While sterling hit a two month high to the dollar in yesterday’