The EUR dropped some of its gains against the dollar and the yen in thin trading as U.S. markets were closed yesterday. A lack of high impact data on the economic calendar kept currencies in a tight...
As this week begins, the major question in the market is whether the U.S. dollar will drop further, or can it erase last week’s losses? The dollar weakened on all fronts last week, following a series of...
Today’s release of the Non Farm Employment Data, which is due to be announced at 12:30 GMT, follows a week of negative economic data which raised concerns that the U.S economic recovery is stagnating. It is expected...
The EUR/USD pair took off during yesterday’s trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously...
The U.S currency rose Tuesday, extending gains, adding to investors’ desire of safe havens amid worries over global growth prospects, this time stemming from data in China and concerns about the health of European banks.
Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market...
After a relatively calm trading week, an extremely volatile session is expected starting today. Last week, the Dollar fell against most of the majors as poor housing data weakened the greenback; however this could all change following...
The U.S. dollar traded well against riskier currencies like the AUD and loonie in overnight trading, but at the same time, took some losses on currencies like the yen and euro. Investors are trying to digest the...
The US currency recovered some earlier gains against the EUR yesterday as stocks turned notably lower in afternoon trading, indicating to fx traders that investors’ appetite for riskier assets has diminished. The main piece of US economic...
The EUR/USD pair almost touched $1.2500 during yesterday’s trading session, but declined sharply thereafter, following a rating downgrade. Fitch Ratings’ downgraded French banking giant BNP Paribas from AA to AA-. The move increased analysts’ concerns about the...
