Rumors of another possible downgrade of Greece by Standard & Poor convinced traders to sell the EUR in favor of higher yielding currencies like the Yen, as well as the EUR’s traditional rival, the USD. But the...
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading,...
The U.S. Dollar saw some major gains on the Euro last night. The pair went as low as 1.3500 before rebounding to its current level of about 1.3540. Today, Fed Chairman Ben Bernanke is scheduled to testify...
The U.S. Dollar briefly stayed higher versus the EUR on Monday and near an 8-month high versus other major currencies as traders await Fed Chairman Ben Bernanke’s testimony on Wednesday and Thursday that would set the tone...
Last week’s trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later...
The Dollar surged in value versus the euro after the Federal Reserve surprised the forex market late yesterday by raising a key interest rate. This may be the first stage in rolling back its stimulus packages enacted...
The Forex market awaits crucial U.S. data today in the PPI and Unemployment Claims figures at 13:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. Forex traders are...
This week began with a relatively quiet trading session; however this calmness is likely to end today. The German ZEW Economic Sentiment and the U.S. Long-Term Purchases reports look to create large volatility in the market today....
With a slow news day forecasted for today, the Euro continues to be weighed down by Greece’s deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank...
The U.S Dollar touched a 7-month high against the EUR Thursday after European leaders indicated they will support Greece, but not necessarily deliver direct aid. The greenback added to gains after the U.S. Labor Department said initial...
