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Sterling Moves through 1.56 Level in Forex Trading
July 28, 2010[Story ID: 5620]
Risk rally on the currency market
The U.K. pound has moved on to the 1.56 level in currency trading on the FX market. As a result of help from the risk rally on the currency market, sterling has hit a 5-month high.
Bank of England officials have appeared before Parliament, and have assumed a more [...] -
U.S. Dollar Slips in Forex Trading
July 26, 2010[Story ID: 5533]
Greenback falls on concerns about economy
The U.S. dollar is slipping in forex trading on the currency market today, falling as forex traders consider the implications of economic data.
Indeed, there is an interesting dynamic on the currency market right, with the U.S. dollar lower against high beta currencies, as well as down against the [...] -
U.K. Pound Rallies in Forex Trading
July 14, 2010[Story ID: 5144]
Sterling heads higher in currency trading
The U.K. pound is rallying today in forex trading on the currency market. An improving picture in the British economy is helping give the sterling a boost in currency trading.
Britain saw a lower claimant count than expected, indicating that the jobs situation could be improving. Indeed, employment for [...] -
U.S. Dollar Falters in Currency Trading
June 30, 2010[Story ID: 4688]
Dollar lower as euro gains in forex trading
The U.S. dollar is faltering in currency trading on the FX market today. The euro is gaining today as a little more optimism comes out.
However, there is a possibility that the U.S. dollar could gain the upper hand again soon, since concerns about the economy are [...] -
Will the Fed Soften Its Assessment of the Economy?
June 22, 2010[Story ID: 4414]
Fed may soften some of its forecast factors for the U.S. economy
The U.S. Federal Reserve Open Market Committee begins a two-day policy meeting today, and there is speculation about what will come out of it. While no change is really expected in terms of policy or rates, there is some speculation that some [...] -
SNB Abandons Intervention
June 22, 2010[Story ID: 4415]
The Swiss National Bank (SNB) has apparently admitted (temporary) defeat in its battle to hold down the value of the Franc. ” ‘The SNB has reached its limits and if the market wants to see a franc at 1.35 versus the euro, they won’ -
Forex Trading Forecast: Expect More Volatility This Week
May 31, 2010[Story ID: 4022]
Currency trading on the FX market
Today should be a relatively calm trading day, with U.S. markets closed for Memorial Day, and with London closed down for a bank holiday. Once markets in Germany and France close, it is unlikely that we will see much movement.
However, warns GFT’s Kathy Lien in FX360, this should [...] -
Time to Slow Down and Evaluate Your Forex Trading Positions
May 28, 2010[Story ID: 3948]
Forex trading forecast
Now may be the time to slow down and reassess your forex trading positions. With so much going on right now, it is little surprise that U.S. economic data has been relegated to second-tier status in terms of market moving news.
This might mean that now is a good time to take [...] -
Risk Aversion Sends Euro Lower in Forex Trading Against the U.S. Dollar
May 25, 2010[Story ID: 3820]
Continued strength for the U.S. dollar as global concerns destroy risk appetite
The euro is moving lower in forex trading against the U.S. dollar today as global events destroy risk appetite. Indeed, it appears that the $1.20 is once again matter of speculation as news from around the world sends investors fleeing toward safe [...]