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Euro Pulls Back in Forex Trading
February 4, 2012Uncertainty sends euro down on risk aversion There is just enough uncertainty in the FX market to send the euro lower today in forex trading against the US dollar. The 17-nation currency is heading lower as concerns about Greek debt remain, and as forex traders consider the United States. Indeed, Ben Bernanke just told Congress [...]
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US Data Sends US Dollar Higher in Forex Trading, Gold Prices Lower
February 4, 2012Greenback in currency trading US economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%, and that the economy added 243,000 jobs in January has boosted demand for the US dollar. The good news out of [...]
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Euro Heads Lower in Forex Trading
January 31, 201217-nation currency drops on forex market Euro is heading lower in forex trading as risk appetite flees and focus returns to Greece. Once again, it has become clear that the leaders of the eurozone lack the will or the ability to come to an agreement to save Greece. As a result, the euro is, once [...]
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Canadian Dollar Higher in Forex Trading
January 29, 2012Loonie slightly higher in currency trading The Canadian dollar is slightly higher in forex trading, moving a little bit higher on the strength of a weaker US dollar. The loonie is gaining as US dollar sinks under its bad news. Additionally, loonie is being supported by oil prices right now. Oil prices are a little [...]
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UK Pound Lower Against Euro in Forex Trading
January 27, 2012Sterling drops against 17-nation currency UK pound is lower against the euro in forex trading today, dropping as concerns about the British economy acquire prominence. The British economy, which appears to be struggling, stands in contrast to the eurozone economy, led by a Germany that appears to be seeing improvement. Euro is also higher in [...]
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Aussie Loses Momentum in Forex Trading
January 25, 2012Gold prices fall, bringing Aussie down as well Aussie is losing momentum in forex trading today, falling as risk appetite disappears. Riskier assets are lower on the currency market today, and that includes the Australian dollar. With concerns in Europe weighing on the markets, it is little surprise that the Aussie, along with the euro, [...]
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How to Start Trading Forex NOW
January 23, 2012Most traders will tell you to trade a real live account to get started in Forex. Don’t. Don’t. Don’t. Before diving into Forex you need to learn patterns. You need to learn account management. You need to learn the eb and flow of the market. Best Demo Account If you really want to get started [...]
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Euro Pulls Back in Forex Trading
January 21, 201217-nation currency falls Euro is pulling back in forex trading, after a rally that saw some of the highest levels in weeks. However, the euro is now lower against most other major currencies, struggling as an agreement in the matter of Greek debt is sought. So, even though there appears to be some measure of [...]
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Risk Currencies Get a Boost in Forex Trading
January 19, 2012Euro and other currencies gain on the FX market Risk currencies are getting a boost in forex trading today, heading higher as better news improves matters. China’s economic data proved better than expected. The German ZEW gained a great deal more than many thought it would, and recent European bond auctions have been successful. All [...]
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Euro Sells Off in Forex Trading
January 15, 2012Disappointing data, Italian debt auction send euro lower Euro is selling off in forex trading today as disappointment sets in. US data is anemic, and that has some worried that the pace of the economic recovery might not be picking up after all. On top of that, the recent Italian debt auction did not get [...]
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US Dollar Gains in Forex Trading
January 15, 2012Greenback higher in currency trading US dollar is gaining in forex trading on the currency market, thanks to concerns about what’s next for the European economy, US economy and more. US trade data has been anemic, and the latest debt auction from Italy didn’t go as well as expected. The result is that forex traders [...]
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Euro Tries to Recover Some Ground in Forex Trading
January 13, 2012Currency trading with the euro Euro dropped below the 1.2700 level earlier in trading. However, euro is back above that level, and trying to make up some lost ground. Helping the euro are comments from German chancellor Angela Merkel and ECB president Mario Draghi. The two talked about how they can help shore up the [...]
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Euro Tries to Recover Some Ground in Forex Trading
January 11, 2012Currency trading with the euro Euro dropped below the 1.2700 level earlier in trading. However, euro is back above that level, and trying to make up some lost ground. Helping the euro are comments from German chancellor Angela Merkel and ECB president Mario Draghi. The two talked about how they can help shore up the [...]
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UK Pound Struggles in Forex Trading
January 11, 2012Forex traders revisit some of the problems with the UK economy Troubles in Europe have been overshadowing just about everything lately. From taking the focus away from US debt problems, to moving the focus off economic issues in Britain, the eurozone has drawn every eye for weeks. However, some are starting to take a look [...]
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US Dollar Mostly Lower in Forex Trading
January 9, 2012Risk appetite makes an appearance A small amount of risk appetite is sending the US dollar lower today in forex trading. Greenback is lower is currency trading pretty much across the board, dropping as forex traders show some hope regarding the eurozone. Even though the meeting between Sarkozy and Merkel didn’t result in any major [...]
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Euro Off Daily High in Forex Trading
January 9, 2012EUR/USD gains in currency trading No major announcements came out of today’s earlier meeting between Angela Merkel and Nicolas Sarkozy. As a result, the euro is paring some of its gains. While the euro is still higher than the US dollar in forex trading right now, the 17-nation currency is off its daily high today. [...]
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Euro Continues to Struggle in Forex Trading
January 7, 2012Debt crisis concerns continue to weigh on the 17-nation currency Euro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday’s failed French bond auction is only underscoring the point, and the downgrade of Hungary isn’t helping matters, either. Additionally, shares had to stop trading on UniCredit, and Spain’s new [...]
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Will Euro Have Even More Problems in 2012?
January 2, 2012Euro forex trading forecast Could the euro be headed even lower in forex trading for 2012? The euro closed out 2011 with lows not seen for years. In the case of the yen, euro closed lower than it had since 2001. With concerns about the eurozone debt situation, and with worries about the global economic [...]
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Japanese Yen Gains Against Majors in Currency Trading
December 30, 2011Yen in forex trading The Japanese yen is gaining against other majors in currency trading on the FX market today. Concerns about what’s next for the eurozone has the currency market acting a little differently than normal. Usually, with equities higher, the yen would be lower as forex traders turn to high beta currencies as [...]
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European markets in thin and choppy trading as 2011 ends
December 30, 2011FXstreet.com (Barcelona) – As the year comes to an end, no volume nor fundamentals are presented,… For more information, read our latest forex news. FXstreet.com: Latest News