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New Zealand Dollar Performs Unexpectedly Well in Forex Trading
July 15, 2011Kiwi higher in currency trading The New Zealand dollar is performing quite well today in forex trading on the currency market. Taking a break from the focus on the euro zone and the U.S., some forex traders are turning an eye toward the positive news coming out of New Zealand. Kiwi is gaining in currency [...]
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Debt Default Risk, QE3 Weigh on U.S. Dollar in Forex Trading
July 15, 2011Greenback lower in currency trading The U.S. dollar is struggling a great deal in forex trading on the currency market as concerns about what’s next for the world’s largest economy figure prominently in the financial market narrative. Right now, the two big issues affecting the U.S. dollar are: Debt default risk: Some are concerned that [...]
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Euro Rallies as Gold Surges
July 13, 2011Euro gains in forex trading The euro is rallying in forex trading on the currency market today, heading higher as gold surges, and as risk appetite improves. Also encouraging the euro recovery in currency trading is news of Chinese growth. Some of the focus on the debt crisis is receding, and that is helping matters [...]
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BOE Likely to Remain Dovish on Interest Rate
July 13, 2011Jobs report and economic data show slow recovery The Bank of England is unlikely to raise interest rates anytime soon, thanks to a jobs market that continues to be weak. The most recent jobless claims in Britain were higher than expected, and that is likely to keep the BOE from making any interest rate hikes [...]
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U.K. Pound Drops against Euro in Forex Trading
July 11, 2011Sterling in currency trading The U.K. pound is struggling today against the euro in forex trading. A lot of the problem has to do with the fact that the BOE left rates steady, while the ECB raised them. The euro had a bit of a struggle earlier today, thanks to a downgrade for Portugal, but [...]
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Euro Struggles in Forex Trading
July 9, 2011Euro zone currency still weak — in spite of U.S. economic concerns The euro ended the week struggling in forex trading on the currency market. Some expected that the weak jobs data out of the U.S. would result in a lower dollar and a higher euro in forex trading. However, the opposite occurred as investors [...]
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U.S. Dollar Finds it Difficult to Best Japanese Yen in Currency Trading
July 7, 2011Forex trading on the currency market The U.S. dollar has been struggling against the Japanese yen in currency trading on the FX market. While the U.S. dollar has gained some ground against the yen as risk appetite has increased a small amount from what it was earlier, there are still worries. Euro is beginning to [...]
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Canadian Dollar Loses Ground in Forex Trading
July 5, 2011Loonie lower in currency trading The U.S. dollar is gaining against many major currencies after falling short earlier. The Canadian dollar is losing some ground in forex trading after seeing success against the greenback. Loonie has been doing well in currency trading, advancing quite rapidly. However, some forex traders believe that the Canadian dollar was [...]
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Quantitative Easing Ends, U.S. Dollar Higher
July 1, 2011Greenback in currency trading The U.S. dollar is higher across the board today in forex trading on the currency market. It’s the first day without quantitative easing, and the greenback is doing better than many thought it would.
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U.S. Dollar Forex Trading Forecast: More Weakness in the Near Term
July 1, 2011Currency trading with the greenback The U.S. dollar forex trading forecast, for the short term, is likely to see more weakness. Indeed, there are a number of factors likely to affect the greenback in currency trading during the near term. Action Forex offers 5 items undermining the U.S. dollar in forex trading: Concerns about the [...]
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Euro Looks for Weekly Gain in Forex Trading
July 1, 2011Currency trading with EUR/USD The euro is heading for a weekly gain in forex trading on the currency market. Unless something dramatic happens tomorrow, the euro will likely end on a much higher note, following a week-long rally. Euro is getting plenty of support right now as the Greek austerity measures become finalized. Additionally, there [...]
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Euro Pulls Back Slightly, Regains Lost Ground
June 29, 2011Profit taking after Greek austerity vote The euro lost ground in forex trading, for a little while, as profit taking ensued after the Greek austerity vote. Now, though, with support from higher gold prices and general risk appetite, the euro is gaining in forex trading. Indeed, the euro is higher as optimistic forex traders look [...]
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U.S. Dollar Down in Forex Trading
June 29, 2011Greenback lower in currency trading With all the optimism and risk appetite as a result of expectations of a Greek bailout, it is little surprise that the U.S. dollar is lower in forex trading. Greenback is down in currency trading on the FX market today, thanks to renewed appetite for risk. The Aussie is gaining [...]
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Aussie Struggles in Currency Trading
June 27, 2011Australian dollar lower in forex trading The Aussie is struggling in currency trading on the FX market today, moving lower as concerns about the global economy surface — and as gold prices drop. Fears about what is happening in the euro zone are weighing on the Aussie. This is a little odd right now, considering [...]
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Euro Can’t Overcome Greece in Forex Trading
June 25, 2011Greenback higher in currency trading The euro has taken another beating this week in forex trading on the currency market. The 17-nation currency continues to struggle in forex trading as the Greek crisis appears no nearer to being resolved. Indeed, European leaders talk about solving the problem, but so far little has been done to [...]
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Euro Cant Overcome Greece in Forex Trading
June 24, 2011Greenback higher in currency trading The euro has taken another beating this week in forex trading on the currency market. The 17-nation currency continues to struggle in forex trading as the Greek crisis appears no nearer to being resolved. Indeed, European leaders talk about solving the problem, but so far little has been done to [...]
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Papandreou Vote Boosts Euro in Forex Trading Despite Disappointing ZEW
June 21, 2011EUR/USD solid in currency trading The euro is heading higher in forex trading again today, even though the German ZEW came in disappointingly low. While the ZEW did prompt a small retreat, the euro is higher again as forex traders consider today’s confidence vote in Greece. Many are optimistic that Papandreou will receive the confidence [...]
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Euro Forex Trading Forecast: Will the Gains Last?
June 21, 2011EUR/USD in currency trading The euro forex trading forecast is once again looking uncertain. Today, EUR/USD has turned positive in currency trading, but it is unclear how long the upward trend will last. Gold prices are stable, and there is some support from M&A news. However, the euro may not be able to maintain the [...]
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Euro Forex Trading Forecast: Will the Gains Last?
June 20, 2011EUR/USD in currency trading The euro forex trading forecast is once again looking uncertain. Today, EUR/USD has turned positive in currency trading, but it is unclear how long the upward trend will last. Gold prices are stable, and there is some support from M&A news. However, the euro may not be able to maintain the [...]