Author: bforex.com

Monday’s trading proved rather muted for the USD, which managed to trade largely in range against the other major currencies before going into to the weekend and while opening up trading this week.

The Sterling has run into a headwind the last couple of sessions after doing well the past two weeks. The U.K. released their delayed Final GDP report on Monday and it met expectations, but it added that...

The JPY has languished within a rather consolidated range the past week and this has come about as Asian bourses have produced rather bumpy results. The Japanese and the Chinese stock markets continue to display a tangible...

The USD lost ground to the EUR on Wednesday as equity markets bounced higher and traders took advantage. There was no major economic data released from the U.S. yesterday and with a certain amount of stability being...

The EUR gained strongly against the USD on Wednesday on a day without any major surprises from economic data. Today the ECB will hold it monetary policy meeting. It is clear that there will be nothing done...

The Sterling performed well on Wednesday as it continued to sail smoothly in the midst of austerity ‘merriment’ and better EUR centric sentiment (read stability). There were no releases of significant data from the U.K. yesterday, but...

The JPY gave back some of its gains on Wednesday as risk appetite within the Asian bourses created some breathing room and allowed the Yen to weaken against the USD. Safe haven trading slackened as equities gained...

The rather bad economic data from the States continued on Tuesday with the ISM Non Manufacturing PMI reading. The outcome of 53.8 compared to the estimate of 55.1 certainly didn’t help overall investment sentiment.

Tuesday was a light day of releases from the European Union and the EUR was able to turn in stable trading. Today the E.U. will release its Final GDP and a small gain of 0.2% is the...

Sterling traded in a calm range on Tuesday without any major economic data coming forth. Today will remain quiet from the U.K., but this will change tomorrow when the BoE will release their monthly monetary policy decision.