The EUR rose more than 1% against the U.S dollar and Japanese yen on Wednesday, recouping a steep drop that had extended into the early hours. A fresh round of speculation about other policy actions, including the...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
Yesterday started as a volatile day in which the EUR/USD pair continued to drop and Crude Oil traded below 70$ a barrel. However, during the New York trading hours, after several economic reports from the U.S.
Following several weeks in which the Dollar rallied vs. the Euro, the EUR/USD pair has finally breached every support level and dropped to a 4-year low. The trigger to this trend that took the pair 1,400 pips...
The U.S. dollar rose to its highest level Thursday, gaining on the EUR and the British pound, as currency traders’ appetite for risk remained restrained because of rising worries about the long-term implications of Euro-Zone debt problems.
Gold futures hit a record high yesterday as investors worry the Euro-Zone bailout will not be much of a fix and are turning to the metal as a safe heaven investment. Furthermore, Gold is again proving to...
Traders seemed anxious in trading yesterday. Comments regarding the recent Greek $1 trillion aid package by a senior IMF member raised new doubts about the EUR. Traders are now concerned that the package came too late and...
Markets rallied following the release of the European Financial Stabilization Plan. The Dow Jones Industrials Average closed up almost 4% for the day as risk taking was prevalent through the day. The Dollar also rallied as the...
There are very few words that can describe last week’s trading session. Words such as abnormal, irregular, exceptional were used on a constant basis in order to try and explain how unique indeed was the global trading.
With the Euro already recording fresh 14-month lows against the U.S. Dollar on Thursday, the single currency may see a significantly larger price drop following the U.S. Non-Farm Payrolls report. Set to be released at 12:30 GMT,...
