Author: bforex.com

The USD was besieged again on Thursday and the loss in value to the EUR and GBP came on a day Wall Street suffered also.

The USD essentially traded in range on Wednesday as caution seeped into the broad market place. Wall Street was not able to maintain its momentum from the first two days of trading this week and experienced a...

The EUR encountered headwinds on Wednesday after the previous day’s rather strong gains. The Industrial Production data for Europe was released yesterday and produced a gain of 0.9%, which was below the forecast of 1.2%.

The Sterling was able to maintain its gains on Wednesday against the USD. The Claimant Count Change was published yesterday and was slightly better than anticipated. The data will remain rather quiet the next two days and...

The JPY gained against the USD as Asian bourses turned negative and investor sentiment moved quickly towards a risk adverse flavor. Gold traded in a rather consolidated manner and remains around 1213.00 USD per ounce.

The USD got roughed up by the EUR and GBP on Tuesday as risk appetite thundered back into the marketplace at least for a day. Wall Street improved as investors greeted the morning with the positive quarterly...

The EUR gained significantly enough on Tuesday to put itself at the strongest points of its short term range against the USD. This occurred even as the German ZEW Economic Sentiment reading proved more disappointing than anticipated...

The Sterling was able to recapture its gains on Tuesday as global investors helped spur on GBP trading. Taking cues from other bourses, the FTSE gains mirrored its counterparts. Data from the U.K. proved stable with slightly...

The JPY continued to move in a consolidated fashion against the USD. Asian bourses did gain for the most part as equities followed their global counterparts. Gold did push upwards yesterday as the USD lost ground to...