SUBSCRIBE TO FEED'News' Tag
-
Forex: USD/JPY price action confusing FXMR
January 10, 2012FXstreet.com (Barcelona) – As the 2012 range has been by 1%, between 76.61 and 77.33, ‘
-
US Growth May Improve in 2012 — Even as Eurozone Growth Decreases
December 30, 2011US dollar forex trading forecast The US economy has been showing signs of growth recently, with declining jobs claims, increased holiday sales, better housing data (thanks to pending home sales) and improved consumer sentiment. As a result of this good news, some expect to see a US economic recovery pick up the pace in 2012 [...]
-
Whats Next for Britain and the European Union?
December 9, 2011UK pound mixed in forex trading The big news today is that Britain has rejected the latest EU fiscal rules — and the fact that the Union would be able to tinker with budgets not up to scratch. This rule would be in effect for all EU countries, not just those in the eurozone. David [...]
-
Wen Jiabao Promises to Allow More Yuan Flexibility
November 21, 2011Yuan could become a free floating currency Chinese Premier Wen Jiabao has promised US President Barack Obama that the yuan will soon have more flexibility on the currency market. Over the weekend, Chinese TV reported that Wen told Obama that China would pursue a gradual, orderly, policy of allowing the yuan to appreciate against the [...]
-
China Slowing Down
October 14, 2011Global economy could be hit be China slowdown China’s economy is slowing down, with inflation easing, and expectations that it will continue to ease. The news isn’t great for the rest of the world, which has been counting on Chinese growth to help keep the global economy from sliding into recession. For now, currencies with [...]
-
Slovakias No Vote Doesnt Stop Euro Rally in Forex Trading
October 12, 2011Euro higher in currency trading Yesterday, Slovakia’s much anticipated vote on the expansion of the EFSF threw another roadblock in the containment of the sovereign debt crisis in the eurozone. Slovakia was the last nation to vote — and the only to vote no. There is still another vote coming, and the opposition is making [...]
-
ECB, BOE Likely to Keep Rates the Same
October 5, 2011Euro down in forex trading The European Central Bank, and the Bank of England, are both likely to keep their respective benchmark interest rates the same tomorrow. Not much has changed, and the low rates are needed to help with the economy. Additionally, the Bank of England could announce QE2 measures to help stimulate the [...]
-
Forex Markets Consolidate After Wild Ride
August 12, 2011Swiss franc, U.S. dollar lower in currency trading The forex markets are consolidating today after a wild ride this week. Financial market volatility has been high, and markets from commodities to currencies to stocks have been seeing some pretty wild swings. So it makes sense that, ahead of the weekend, the forex markets are consolidating [...]
-
Euro Lower in Forex Trading on S&P Downgrade
August 8, 2011Forex traders ignore moves by ECB to contain debt crisis After getting a bit of a boost on Friday, the euro is lower in forex trading on the currency market. The news sending the euro down is the S&P downgrade of the U.S. credit rating. For the first time, the U.S. has lost its sterling [...]
-
Greek Credit Rating Downgraded to Lowest Level by Moodys
July 25, 2011Euro down in forex trading The euro continues to struggle in forex trading on the currency market as Moody’s downgrades Greek debt to the lowest rating. Greece’s credit rating has taken a rather large hit, and the shockwaves are being felt throughout the euro zone. Euro is lower as forex traders flee risk and look [...]
-
Forex: EUR/USD nearing 1.4300 on Greece deal news
June 17, 2011FXstreet.com (Barcelona) – The Euro us rallying across the board on the back of news about an deal… For more information, read our latest forex news. FXstreet.com: Latest News
-
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 [...]
-
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 [...]
-
The Good News About Forex Automated Trading
April 5, 2011I’ve received positive and negative feedback from a lot of you who have experienced forex automation. I don’t want to talk about the bad news quite yet. So what’s the good? Unfortunately, the good news mostly involves available API’s for developing your system and brokers that support automation. I haven’t heard of many success stories [...]
-
The Bad News About Forex Automated Trading
March 28, 2011I’ve read a lot about how automated forex trading systems just don’t work in the long run but I can’t conclude this from personal experience. I’ve never seriously traded forex using automation. The following is an email from a trader who can conclude this from his experience. I found it totally worth sharing. I came [...]
-
Euro Drops on Risk Aversion, Portugal Downgrade
March 16, 2011Euro lower in forex trading The euro is dropping today in forex trading as the latest news conspires to keep the 17-nation currency solidly below the psychologically important 1.40 level. Euro is struggling as risk aversion remains in place. Gains by the Nikkei and the rest of the Asian stock markets have not had the [...]
-
Risk Appetite Gone on the Forex Market
January 25, 2011Euro, pound lower against the U.S. dollar Risk appetite is all but gone on the forex market today. Forex traders are a bit cautious as concerns about various economies comes into play. They are waiting for the latest news out of the U.S., as well as showing disappointment in European developments. The euro is down [...]
-
U.S. Dollar Pulls Back in Forex Trading
December 13, 2010Currency trading with the greenback The U.S. dollar is lower in forex trading on the currency market today, thanks a cautious return of risk appetite. High beta currencies (except the pound) are getting a bit of a boost today on the latest developments. China has decided to keep its interest rate steady, and that is [...]
-
EURO GAINS ON HOPE OF IRISH BANK BAILOUT PACKAGE
November 22, 2010The news that Ireland has formally requested aid from the European Commission and the IMF has brought some stability to markets, with the euro extending gains in early morning trade and regional share prices rallying. The dollar/euro is pushing towards the $1.38, while sterling/euro has also seen solid gains since Friday on hopes that a [...]
-
China Raises Reserve Requirements on Banks
November 19, 2010Risk appetite down on announcement China has once again raised reserve requirements on its banks. This is the second time in two weeks — and the fifth time this year. The move is designed to rein in economic growth by slowing inflation. China has been seeing great economic growth, even through the recession. Many have [...]