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Sterling Falls in Forex Trading as BOE Revises Forecast
August 11, 2010U.K. pound in currency trading The U.K. pound is lower in currency trading on the FX market this morning, thanks to the latest economic news out of Britain. Sterling is down in forex trading as the Bank of England revises its forecasts for CPI and GDP. The BOE foresees slower economic growth ahead, keeping in [...]
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U.K. Pound Tumbles in Currency Trading
August 10, 2010Forex trading forecst for the sterling The U.K. pound has tumbled in currency trading against the U.S. dollar, thanks to the latest retail sales out of Britain. Indeed, the latest news shows that consumers are not ready to make discretionary spending moves right now. GFT’s Boris Schlossberg explains, in FX360, what the latest retail sales [...]
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U.S. Dollar Gains Across the Board in Forex Trading
August 10, 2010Quantitative easing fears ease While there are still concerns about the possibility of quantitative easing, some of those fears have eased — at least for now. As a result, the U.S. dollar is making some gains in forex trading on the currency market. Instead of an announcement of change in policy, the Fed is likely [...]
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U.S. Dollar Could Find More Support in Currency Trading
August 9, 2010Greenback in forex trading Earlier, the U.S. dollar dropped in currency trading on the FX market, but the forex trading forecast is looking a little better right now. Indeed, there are some predictions that the U.S. dollar could find support. Right now, the greenback has recovered some of its losses in forex trading. MarketWatch offers [...]
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Japanese Yen Finds Itself in Tough Spot
August 9, 2010Currency trading with the Japanese yen Earlier, the Japanese yen rebounded a bit in forex trading, but now it is weakening again. However, general appreciation by the yen has been taking place, and this is not desirable for Japanese monetary policy. Indeed, GFT’s Boris Schlossberg offers a look, in FX360, at why the Japanese are [...]
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Weak Data Sends Kiwi Tumbling in Forex Trading
August 5, 2010Down under currencies weaken on the FX market Weak data out of New Zealand is sending the kiwi tumbling in forex trading on the currency market. Labor data turned out to be much weaker than expected, and is undermining the strength of the New Zealand economy. This news from down under isn’t doing much for [...]
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Sterling Makes Gains in Currency Trading
August 4, 2010U.K. pound in forex trading Earlier today, the sterling was heading lower in currency trading on the FX market. Indeed, sterling and euro were bother lower in forex trading against the U.S. dollar. Only the yen and the Aussie were logging gains earlier. However, things have changed a little bit in currency trading. The yen [...]
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Australian Dollar Higher in Currency Trading
August 4, 2010Aussie in forex trading Even though risk aversion has set in, the Australian dollar is still higher in currency trading against the U.S. dollar. Global equities are down, including U.S. stock futures, and normally that would mean the Aussie heads lower in forex trading. However, there are some other fundamental issues at play. The Wall [...]
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Sterling Could Head Lower in Currency Trading
August 3, 2010Forex trading forecast: Is sterling overbought? For now, the sterling is higher in currency trading against the U.S. dollar, gaining on some of the remains of yesterday’s risk appetite. However, things could change rather dramatically. The forex trading forecast suggests that sterling is overbought, and that it is vulnerable to a sell-off in the near [...]
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Risk Rally Going Strong in Currency Trading
August 2, 2010Pound, euro gain in forex trading against U.S. dollar The risk rally is alive and well right now in currency trading on the FX market. Risk currencies like the pound, Aussie and euro are higher in forex trading against the U.S. dollar. Chinese economic data showed a slowdown, but that is not unexpected, especially considering [...]
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Kiwi Lower in Forex Trading
July 29, 2010Currency trading on the FX market The kiwi is lower in forex trading today, thanks to dovish sentiment expressed by the Reserve Bank of New Zealand. RBNZ officials decided to raise the base rate by 25 basis points, putting the benchmark at 3%.
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Will Durable Goods Slow the Risk Rally in Forex Trading?
July 28, 2010Currency trading on the FX market The risk rally got a good boost earlier today, with the sterling moving through the 1.56 level in currency trading. On top of that, the euro has gained in forex trading, reaching the 1.30 level. However, the forex trading forecast question right now is whether or not the risk [...]
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Sterling Moves through 1.56 Level in Forex Trading
July 28, 2010Risk 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 [...]
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Euro Higher in Forex Trading, But Cant Get Through 1.30 Level
July 27, 2010U.K. pound rally slows as well The euro is higher in forex trading against the U.S. dollar, but still has trouble getting through the 1.30 level. Indeed, recent attempts following good economic data in the euro zone have been rebuffed. GFT’s Boris Schlossberg reports in FX360 on the situation for the euro in forex trading: [...]
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Aussie Heads Higher in Forex Trading
July 27, 2010Currency trading with AUD/USD Risk appetite is putting in an appearance on the currency market today, and AUD/USD is benefitting. Asian stocks ended mixed today, but the Australian market was one of those showing gains. As a result, there is some momentum behind the Aussie in forex trading. Indeed, matters are progressing reasonably well for [...]
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Euro Gains in Currency Trading
July 26, 2010Euro forex trading forecast The euro is gaining in currency trading on the FX market as some degree of risk appetite returns to the market. Even though there are some doubts about the global economy, the U.S. dollar is down across the board and forex traders are showing interest in the euro. Indeed, the euro [...]
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Risk Rally Sends Euro Higher in Forex Trading
July 23, 2010Currency trading with the euro There is a risk rally going on right now on the currency market, sending the euro higher in forex trading. Most of the euro’s gains today are coming as economic data shows improvement. Sterling is also seeing solid progress in currency trading. Germany, the largest economy in the euro zone, [...]
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Aussie Looks for 0.9000 in Forex Trading
July 21, 2010Currency trading with AUD/USD The Australian dollar is looking to break through the 0.9000 level against the U.S. dollar in forex trading. Earlier today, the Aussie was the only currency able to gain against the greenback (although it has since moved lower). However, even with minor setbacks in currency trading, AUD/USD shows promise. GFT’s Boris [...]
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U.K. Pound Sees Early Volatility in Currency Trading
July 21, 2010Forex trading with the sterling The U.K. pound encountered some volatility earlier in currency trading on the FX market. Indeed, forex trading with the sterling saw some rather large movements earlier, thanks to an initial dump, and then some recovery. Now, however, things have calmed down and the U.K. pound is back to modest losses [...]
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Down Under Currencies Outperform in Forex Trading
July 20, 2010China helps Aussie and kiwi in currency trading Down under currencies are outperforming in forex trading today as optimism about China helps matters. Indeed, there is an assumption that China will eventually ease its money policies, and that growth will pick up again. Australia and New Zealand have strong trade ties to China, and benefit [...]