Forex Insights

Treading Water in eurusd

26/06/2012 18:12

• Summit Up?
• Putting the Sigh in Cyprus
• Merkel: “Not In My Lifetime”

Here’s something I bet few of you forex traders out there hadn’t thought about. Apologies if you have done, of course, in which case, you are in the excellent company of my old mate Neal K »

Top Forex Brokers Keep Nervous Eye On Spanish/Italian Auctions

26/06/2012 10:45

• Markets Eye Spain
• Contagion Attacks Italy
• Investors Downbeat For Euro Meeting

Markets this morning are poised for the results of Spanish bond and bill auctions which, it is exepcted, will see the beleaguered nation paying its highest short-term borrowing rates in over six month »

Fed’s Twist Again?

19/06/2012 13:04

Dollar down on live forex charts
Approach to easing?
The impact on the markets

Recent data indicating the second consecutive fall in retail sales provided the final straw for nervous traders who sent the dollar down..... The dollar skidded lower against the euro and yen Tuesday »

Reverse Trading – Worth The Bother?

15/06/2012 13:45

ForexSpace.com - If it feels as though the markets are against you and every carefully placed position you open yields nothing but woe, you may feel compelled to join a number of traders who are engag »

Grains of Comfort for the Greenback

13/06/2012 13:40

Wheat prices regained momentum Wednesday during European morning trade, with concerns over declining output in Australia - the world’s second biggest wheat exporter - fuelling investor interest »

Editor’s Morning Forex Review: Reading The Runes

13/06/2012 10:14

ForexSpace.com - After a rocky 48-hours, EURUSD ended the day yesterday slightly higher on live forex charts, with market sentiment helped by indications that policymakers from the G20 are to take ste »

EuroDollar – Commodities and a Grain of Comfort

11/06/2012 13:45

ForexSpace.com - A number of commodities surged Monday morning, on the news that Spanish banks are set to receive a EUR100bn bailout. Oil and copper have headlined the commodity ascent, with oil risin »

Twitter abuzz with discontent

08/06/2012 17:07

As the pressure continues to build on Europe’s top political and economic minds to resolve Spain’s banking crisis and lift the nation out of the euro zone’s relegation zone, the »

Bernanke Tells It How It Is

07/06/2012 16:32

ForexSpace.com - As market watchers witnessed the 1-month EUR/USD volume at 13-day low in the lead up to Bernanke’s testimony to lawmakers on the Hill, investors pushed upwards in early trading »

AUD rallies on forex charts; traders eye Fed meeting

07/06/2012 12:09

- Australian employment up 39k - Strongest Aussie rally since November - Fed meeting eyed Australian employment soared by almost 39, 000 jobs in May, taking forex brokers at top trading institution »

Live forex charts betray BoJ meeting sentiment

21/05/2012 18:25

ForexSpace.com -  As another rather quiet Monday draws to an uneventful close, trader and brokers the world over are turning their grey matter towards the potential outcome of a two-day meeting o »

Dollars Down Under

09/05/2012 16:44

ForexSpace.com - Forex news continues to buzz with the political uncertainty in Greece, which has prompted a wholesale dump by investors of risky assets in favour of snaffling up safe-havens such as A »

Tick-Tock – it’s Greece O’Clock!

09/05/2012 13:51

ForexSpace.com - The ongoing and seemingly intractable political chaos in Greece combining with the rising tally for fixing Spain's banks further fueled fears this morning that the euro zone's debt cr »

Sterling Gunning for Gains

08/05/2012 15:17

ForexSpace.com - Forex news sees the euro looking increasingly vulnerable to political uncertainty sweeping across Europe this morning. Notwithstanding the single currency’s continued holding pa »

Forex news: Aussie down on US positivity

02/05/2012 17:44

The Australian dollar has notched up further losses against the USD, continuing a decline initiated by the RBA’s shock decision to slash 50bps of the nation’s key rate Tuesday. The pair sa »

Forex charts show loonie drop on disappointing GDP data

30/04/2012 18:28

The Canadian dollar dropped the most in a month against its US counterpart after the nation’s GDP shocked traders and analysts by shrinking 0.2 percent in February. Information from Statistics C »

Editor’s Forex Morning Report: Bernanke Still with the Doves

26/04/2012 12:10

ForexSpace.com - Forex news looked on with muted enthusiasm as global shares nudged higher and the greenback hit a three-week low against a basket of currencies today after the Federal Reserve’s »

EuroDollar Bears Eye Further Weakness

23/04/2012 14:05

ForexSpace.com -  Emphasising the shockwave set off by the triple-A rated Netherlands - supposed to be part of the solution, not adding to the problem – the wholesale stock market sell-off »

Top forex brokers begin to sweat over UK GDP data

23/04/2012 09:20

Without any salient UK data due for release Monday morning, it looked as though the GBP would spend the day being blown about by the winds coming over from the Eurozone. Having held gains made last w »

Forex news: USD Remains Unchanged As EUR Gains Momentum

20/04/2012 11:55

The USD has continued to sink versus most of it major peers, despite the emergence of some fairly positive forex news data concerning the nation’s business outlook. RBC has now suggested that th »

Forex news: USD/CAD Suffers Further Blows Ahead Of BoC CPI Announcement

19/04/2012 13:38

The USD/CAD cross is still suffering at the hands of the Bank of Canada’s (BoC) Tuesday forex news announcement which stated that interest rates in the country would remain unchanged at 1percent »

Forex news: Mixed Reaction To Spanish Bond Auction

19/04/2012 13:15

Early signs are showing that markets have reacted well to the forex news that Spain managed to auction off slightly more debt than planned - €2.541bn, compared with a maximum target of €2.5b »

France in the Frame

18/04/2012 13:58

ForexSpace.com - There has been plenty of forex news reaction to French Socialist Party presidential candidate Francois Hollande’s remarks this morning that, if elected, he will renegotiate the »

The Leaping Loonie

17/04/2012 17:37

ForexSpace.com - For forex news watchers and top forex brokers, the eagerly awaited Bank of Canada release has just confirmed that it has left its key interest rate at 1 percent today. While this is e »

European Closer

16/04/2012 18:27

ForexSpace.com - Having seen gains on positive retail data out of the US, European markets have shut up shop for the day. Despite this morning’s efforts by euro bears to break out on the bottom »

US Opener

16/04/2012 16:28

ForexSpace.com - Wall Street has opened with stocks having picked themselves up from a fortnight of decline. The Dow Jones climbed 0.94 percent, the S&P 500 rose 0.65 percent and Nasdaq gained 0.49 pe »

Is the euro paradigm shifting?

16/04/2012 12:41

ForexSpace.com - Forex news looks nice and lively this week, with plenty of economic figures to keep us interested.  Topping and tailing the proceedings, we have today’s US retail sales, wi »

EDITOR’S VIEW: CHINA’S WEEKEND WIDENING

16/04/2012 11:55

ForexSpace.com - The weekend’s key forex news was China’s move to widen its currency fluctuation band (CNY) against the greenback by 0.5 percent to 1percent. Whilst not especially surprisi »

Forex News: It’s Lookin’ Up For The Loonie

12/04/2012 17:39

The CAD has advanced 0.5 percent against its U.S. counterpart, moving from its lowest level since January. And according to forex news reports, leg-ups for the loonie came in a number of different gui »

Forex news: LatAm Reacts To European Slumps

11/04/2012 12:54

Slumping to near two-month lows, European stocks returned after the Easter Holidays to find investors the world over fretting about the impact of a slowing of global economic recovery. "The papers are »

Greenback Snapshot

11/04/2012 12:46

ForexSpace.com - Whilst reinvigorated fears of a euro zone implosion remain front and centre, issues across the pond are also worth eyeing. From a forex news perspective, as Kathleen Brooks of FOREX.c »

Do The Wall Street Shuffle.

10/04/2012 17:49

ForexSpace.com - US stocks opened flat Today (Tuesday 10) as the S&P 500 found support near the 50-day moving average, extending four days of losses on the benchmark index. While the Dow Jones industr »

BoE Holds its Course

05/04/2012 14:47

ForexSpace.com - The Bank of England has maintained the UK interest rate at a record low of 0.5 perccent for another month. It also says it will kept the size of its asset purchase programme unchanged »

Forex news: Gold Loses Its Sparkle

04/04/2012 13:19

The price of gold tumbled yesterday after the Fed. said inflation appeared to be under control. The yellow brick is often bought as a hedge against inflation, and the reserved comments soon encourage »

Trouble down under

04/04/2012 12:48

The Aussie slumped to a three-month low after data showed an unexpected deficit in the nation’s trade account for February. Imports outpaced exports by A$480 million in February, from a revised »

EDITOR’S VIEW: YO-FO-YO-MC

04/04/2012 10:46

ForexSpace.com - This morning’s markets opened lower in the wake of last evening’s eagerly awaited US Fed minutes. The yo-yo of QE – is it on, or is it off, goes on. Just last week, »

Asian currencies advance on US, Chinese positivity

03/04/2012 13:59

News of US manufacturing strength and Chinese PMI growth has set Asian currencies rising again, making Tuesday the third day of consecutive gains. Tokyo eased 0.59perccent to 10,050.39, while Seoul cl »

Euro rises on rescue fund speculation

30/03/2012 12:59

ForexSpace.com - The EUR/USD rose on speculation that European ministers will ramp up rescue fund sums. The 17-nation currency is heading for its biggest quarterly gain in a year versus the greenback »

UK growth figures “worse than expected” – but what does it mean for 2012?

28/03/2012 12:37

The UK economy shrunk by an alarming 0.3percent in Q4, a report by the Office for National Statistics (ONS) said today. The slump has been primarily attributed to a shrinking service sector and has r »

USD/JPY strengthens ahead of US housing and goods data

26/03/2012 16:57

The USD/JPY has strengthened for the first time in four days ahead of a U.S. report which will show an increase in orders for durable goods. Today will also see a US announcement from the National As »

Positive German IFO data does little to move markets

26/03/2012 16:48

ForexSpace - German business sentiment rose in March, according to the IFO index. But despite an initial leap of 15 pips from the EUR/GBP, the forex news about German sentiment has had a negligible e »

Is The Market Underestimating The Extent of Contraction?

26/03/2012 16:27

ForexSpace - While there’s certainly be a good deal of relief across forex news this morning from the latest PMIs, many analysts are also placing on sentiment going forward this week on the Marc »

Forex news: UK retail sales data disappoints; Sterling plummets

22/03/2012 11:59

ForexSpace - The GBP/USD has been sent spiralling on a downward trend after it was revealed that UK retail sales plummeted in February. ForexSpace - According to the Office for National Statistics, r »

Forex news: USD/CHF climbs as Bernanke addresses US House Panel

21/03/2012 16:07

ForexSpace - The rally came after Bernanke made his speech to the US House Panel, leading to greenback gains against most of its major peers. At the time of writing, the USD/CHF is holding aroun »

Forex news: EUR/USD continues to fall after brief spike

21/03/2012 15:40

ForexSpace - Despite a brief spike which led the EUR/USD to a session high of 1.3256, the Euro resumed its downward trajectory against the greenback today. After failing to sustain gains it had made »

USD/JPY: A turning point?

19/03/2012 09:43

Today brought further news of the JPY/USD rally which has been on the ascent since the beginning of February. The pair started out trading in the 76.20 region, climbing for six straight weeks and peak »

Forex markets see JPYUSD fall on strong U.S. data

16/03/2012 15:44

The JPY/USD fell again yesterday, setting the pair on course for its sixth weekly drop in in the forex markets. The losses came as signs of U.S. growth and prospects of further stimulus by the Bank o »

Forex news: UK could lose AAA rating, warns Fitch

15/03/2012 14:36

Forex news reports showed the GBP weakened against the USD and EUR after Fitch Ratings said that the UK could lose its coveted AAA investment rating. Late yesterday Fitch followed Moody’s in ch »

AUD gains as forex market rallies on commodities

14/03/2012 15:23

The Aussie gained after stocks and commodities rallied on positive Fed forecasts which indicated that the US economy is improving. Minutes from the Fed’s monetary policy meeting revealed that t »

USD/JPY gains on positive forex trader sentiment

14/03/2012 15:00

The USD/JPY has hit an 11-month high on solid US data and positive growth forecasts from the Fed. The positivity reduced forex trader expectations that the central bank will begin a third round of bo »

Forex news: Euro weakens on positive Greek debt swap meeting

09/03/2012 12:14

The euro weakened for the first time in three days following forex news reports of a relatively successful Greek bond swap with private investors. Forex traders relinquished their stake in the curren »

Forex news: Philippine peso gains for second week

09/03/2012 00:00

The Philippine peso gained for a second week as forex news shows reports suggest that incoming money sent home by Filipinos working abroad will support demand for the currency. “Remittances are »

Canadian dollar dips as the forex market responds to news of slower Chinese growth

07/03/2012 00:00

The Canadian dollar declined yesterday on the news that Chinese economic growth may slow this year. China reduced its growth target from 8% to 7.5% yesterday as Premier Wen Jiabao told the annual mee »

Forex markets respond well to positive S. African data; rand makes gains

07/03/2012 00:00

The South African rand rose against the dollar at the beginning of the trading session today, snapping three-days of decline against the greenback. The gains have been attributed to the rise of South »

Forex traders watch Aussie and kiwi fall as Asian stocks decline

05/03/2012 00:00

The decline of Asian stocks has caused the Australian dollar to fall from a nine-month high, forex traders report. The so-called Kiwi also slid versus its Japanese counterpart after China, New Zealan »

Forex news: Kiwi and Aussie dollars decline

23/02/2012 00:00

The Australian and New Zealand dollars have reversed a one-day advance against the yen as Asian stocks extended worldwide declines. Demand for higher-yielding assets has been curbed by the decline an »

GBP exchange rate drops on suspicion that the Bank of England will print more money

23/02/2012 00:00

The pound saw its exchange rate drop more than 1.00% against the euro and US dollar yesterday, on rumours the Bank of England might begin a fourth round of quantitative easing.  The drop came af »

Successful Greek bailout deal sees euro rise against the yen

21/02/2012 00:00

Following a successful Greek bailout deal, the euro has climbed to a three month high against the yen. But the 17-nation currency remained fairly unchanged against the greenback, as forex trader expr »

Forex traders watch Aussie dollar fall

06/02/2012 00:00

Australia’s dollar fell after a government report showed retail spending unexpectedly declined, adding to the case for the Reserve Bank to lower interest rates tomorrow. The so-called Aussie we »

Progress of the yen on live forex charts alerts Japanese Finance Minister

03/02/2012 00:00

Progress of the yen on live forex charts alerts Japanese Finance Minister Japan’s Finance Minister has reinforced his warning about allowing the yen to strengthen to a postwar high.  Hint »

Euro exchange rate strengthens as Spanish and Greek borrowing costs fall

20/01/2012 00:00

  Following a two-day decline, the euro has now risen against the dollar and the yen. The change came after Spanish and Greek borrowing costs fell at auction, reducing the concern over the abil »