The euro extended losses against the dollar on Wednesday after Portugal’s parliament rejected the government’s austerity plan, a move that will likely cause the collapse of the current administration. As a result, the euro fell 0.6% against...
The British pound performed well today following greater than expected inflation data that increased expectations for an interest rate increase by the Bank of England. The Aussie dollar also put in a strong showing, building on momentum...
This week’s trading session opened with a sharp bullish spike in crude oil prices, which was a direct effect of the NATO attack in Libya. In addition, the most significant development in the FX market was the...
The price for a barrel of Light, Sweet Crude soared over the past several trading days, climbing above $103.75 in this morning’s early trading session. After approving limited action to quell Muammar Qaddafi’s assault on the Libyan...
The Group of seven industrial nations has agreed on Thursday evening to stage a coordinated currency intervention in order to weaken the Japanese currency. As a result, the yen fell about 150 pips vs. the U.S. dollar...
The yen saw huge gains against virtually all of its main currency rivals just before the start of the overnight session, as the fallout from last week’s tsunami continue to boost the safe-haven currency. The USD/JPY fell...
The US dollar corrected losses against most of the major currencies over the past few days, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market and turned investors to...
The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. The Fed Statement is expected to provide an assessment of the current economic...
The BOE will take center stage as the British central bank is expected to hold interest rates steady. The market has priced in a 1 in 5 chance of a surprise interest rate increase at today’s meeting.
Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24...
