US banks will be off today in observance of Columbus Day, and Canadian banks will be off for the celebration of Thanksgiving. Liquidity will likely be held to a minimum making the market unlikely to experience any...
The euro was indeed seen gaining a foothold against the USD following the European Central Bank’s (ECB) latest announcement regarding interest rates, known as the Minimum Bid Rate.
The U.S. ADP Non-Farm Employment Change is the primary publication today that is set to determine the level of the USD when it is released at 12:15 GMT. The other main releases that are set to dominate...
U.S Non-Farm Data release is set to dominate the trading between the Dollar and its major currency pairs this week. A number of other factors are also likely to impact the forex market today, such as the...
Germany’s approval Thursday to increase the size and flexibility of the euro zone’s bailout fund and better than expected U.S. economic data pushed the ERU/USD pair above 1.36 Thursday, though it has pared some of the gains...
Today, traders should pay close attention to the release of the U.S. Pending Home Sales report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
Stock markets, commodities and other riskier assets rallied Tuesday on hopes the European officials will soon reach an agreement on measures for handling the Euro-Zone debt crisis.
Following several days of sharp declines, yesterday’s session brought trading correction all over the globe. In the forex market, the euro managed to correct losses against the U.S. dollar, rebounding from a 10-month low. In commodities trading,...
The U.S. dollar gained further against the euro and other major currencies Thursday as a sharp extended retreat for U.S. equities and weak data out of both China and the euro zone spurred investors to dump risky...
The U.S. dollar fell against most of its major currency rivals on speculation the Federal Open Market Committee will announce further easing in order to support the U.S. economy; Crude oil prices gained on optimism that the...
