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Euro Picks Up the Pace Against the U.S. Dollar
May 5, 2011Euro in forex trading The euro is once again picking up the pace against the U.S. dollar in forex trading on the currency market. The euro is gaining as concerns about the U.S. economic recovery once again rise to the top. Even though commodities are lower today, the U.S. dollar is not finding strength against [...]
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Day Wrap-Up: Dollar finds buyers on bin laden, metals slump
May 2, 2011FXstreet.com (Barcelona) – The death of the most wanted terrorist in the world resulted in a rather… For more information, read our latest forex news. FXstreet.com: Latest News
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What Next for the U.S. Dollar?
May 2, 2011U.S. dollar forex trading forecast What’s next for the U.S. dollar in forex trading on the currency market? Earlier today, the U.S. dollar got a boost in currency trading, thanks to the death of Osama bin Laden, and a brief sell off in gold and silver. However, the dollar index is heading lower again as [...]
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Dollar Rebounds Adter U.S. Kills Bin Laden
May 2, 2011The dollar rebounds from a three-year low against a basket of currencies following the Bin Laden news. Insight with Boris Schlossberg, GFT Forex. Global Forex Blog | GFT Forex
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Canadian Dollar Erases Earlier Losses to Continue Rally
April 30, 2011Loonie in currency trading The Canadian dollar has erased earlier losses, and is heading higher against the U.S. dollar in forex trading. The loonie is looking at multi-year highs in currency trading against the greenback. Earlier, the Canadian dollar had retreated on disappointing economic news. Loonie tumbled as concerns about GDP took center stage. However, [...]
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Canadian Dollar Erases Earlier Losses to Continue Rally
April 29, 2011Loonie in currency trading The Canadian dollar has erased earlier losses, and is heading higher against the U.S. dollar in forex trading. The loonie is looking at multi-year highs in currency trading against the greenback. Earlier, the Canadian dollar had retreated on disappointing economic news. Loonie tumbled as concerns about GDP took center stage. However, [...]
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Euro Gains in Forex Trading as GDP News Hurts U.S. Dollar
April 28, 2011EUR/USD continues rally The EUR/USD currency pair continues to rally in forex trading as the latest GDP data comes in. U.S. economic growth in quarter one of 2011 was disappointing, and that is reflected in the way that forex traders are looking to other currencies right now. For now, the euro is gaining in forex [...]
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BERNANKE FUELS THE US DOLLAR DECLINE – SELLERS ADVISED TO COVER POSITIONS
April 28, 2011Shares rallied and the dollar fell as the Federal Reserve announced last night that it was maintaining its ultra easy policy stance. The USD sank to a three year low against a basket of currencies, with the euro (after reaching 17-month highs of $ 1.4881) looking to a break of $ 1.50, as Fed Chairman [...]
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U.S. Monetary Policy To Remain Loose
April 27, 2011U.S. dollar tanks in forex trading The U.S. dollar forex trading forecast is likely to remain one of weakness, thanks to the lastest news out of America. The Federal Reserve announced that it will keep rates low, and that it will continue with plans for an asset buy from the Treasury. All of this loose [...]
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U.S. Dollar Continues to Struggle in Forex Trading
April 26, 2011Greenback down in currency trading The U.S. dollar continues to struggle in forex trading on the currency market as worries about what’s next for the dollar make other currencies more attractive. Indeed, the euro is higher today against the greenback in currency trading. Some of the issues that are weighing on the dollar include: Budget [...]
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U.S. Dollar Down as Gold Prices Soar
April 25, 2011U.S. dollar falls in currency trading The U.S. dollar is lower in currency trading on the FX market today as gold prices soar. Gold prices pulled back some earlier, but they have now recovered, and are moving higher again. Concerns about what is next for the U.S. economy are having an effect on the greenback [...]
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Is the Aussie Really Heading for a Strong Negative Correction?
April 25, 2011Aussie pulls back in currency trading Right now, the Australian dollar forex trading forecast looks a little lower against the U.S. dollar. A correction seems to be coming, sending the Aussie lower in currency trading. However, this correction may not be all that strong. A lot of the strength of the U.S. dollar against commodity [...]
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U.S. Dollar Index Plunges
April 25, 2011Greenback down across the board in forex trading The greenback is down across the board in forex trading, losing ground to all the other major currencies — even the Japanese yen. Indeed, the dollar index has plunged to a rather low level, reports Action Forex: Against a basket of major currencies, the dollar tumbled to [...]
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How Low Will the U.S. Dollar Go in Forex Trading?
April 20, 2011U.S. dollar forex trading forecast Earlier this week, after a U.S. debt outlook downgrade, the greenback rose as forex traders looked for safe haven currencies. However, the shock from that move is gone as investors instead shift their focus to earnings season. Additionally, gold prices, which remain near $1,500, are depressing the U.S. dollar. The [...]
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Aussie Regains Upper Hand Against the U.S. Dollar in Forex Trading
April 13, 2011Australian dollar in forex trading The Aussie is higher against the U.S. dollar in forex trading again, after dropping a bit yesterday. However, as gold prices and oil prices begin rising again, the Australian dollar is gaining. Commodity currencies like the Aussie and the loonie do better when commodities are gaining, putting downward pressure on [...]
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Higher Oil Prices Help the Loonie in Currency Trading
April 13, 2011Canadian dollar resumes climb against U.S. dollar in forex trading Higher oil prices are helping to support the loonie today in currency trading. One of Canada’s biggest exports (especially to the U.S.) is oil, and the higher prices are bolstering the loonie. With commodities in general rising, pressure on the U.S. dollar is to be [...]
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US NON FARM PAYROLLS MAY SUPPORT THE US DOLLAR
April 3, 2011After drifting early in the day, the euro edged higher versus the dollar late yesterday after the ECB said that it will continue to provide ample liquidity to Irish banks. Upside versus the USD, however, was limited with talk of higher interest rates in the US by the end of the year (the Fed’s Kocherlakota [...]
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U.S. Dollar Reaches New Three Year Low Against Canadian Dollar
April 3, 2011Loonie gains in forex trading The U.S. dollar has reached a low not seen for three years against the Canadian dollar. The loonie is gaining in forex trading on the currency market against the greenback, thanks to a better economic outlook and increased commodity prices. As a commodity currency, the Canadian dollar receives some help [...]
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U.S. Dollar Reaches New Three Year Low Against Canadian Dollar
April 1, 2011Loonie gains in forex trading The U.S. dollar has reached a low not seen for three years against the Canadian dollar. The loonie is gaining in forex trading on the currency market against the greenback, thanks to a better economic outlook and increased commodity prices. As a commodity currency, the Canadian dollar receives some help [...]
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Gold and oil climb as dollar rally stalls
April 1, 2011Gold and oil prices were higher in late Thursday (March 30) trade as investors took a renewed interest in commodities following an early week rise in the value of the US dollar. One ounce of gold currently fetches $ 1,425.90 in late night New York GLOBEX trade. This is up over $ 7 from Tuesday’s [...]