With Europe and Great Britain on holiday Monday, currency traders have witnessed a relatively thin trading environment. Though debt concerns loom in the euro zone, and industrial production falters globally, the higher yielding assets like the GBP...
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
Wall Street closed in green territory Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average closed up 72.35, or...
Forex traders, who had been hesitant to short the greenback due to a variety of reasons last week, found many justifications to push heavily against the greenback these past two days. The EUR/USD has now risen to...
The USD/CHF fell again today, but rose from the bottoms – a place that matched the all0time lows made a few days ago. The pair still looks very weak, and any rallies should be sold. The 0.8650...
The GBP/USD is forming a massive shooting star today, which shows massive weakness. The truth is that there is simply too much support underneath to sell with any conviction, and that the market is likely to find...
Thursday was a much more tranquil day of trading compared to Wednesday as the broad markets seemingly took a breather. The USD languished near lows against the EUR and GBP, but did manage to find some footing....
The USD/CAD slightly dropped on Thursday despite the severe weakness of the U.S. dollar, where the U.S. dollar dropped against most majors after the Fed confirmed they will continue with the loose monetary policy, nevertheless, falling oil...
The EUR/USD pair continued to hold the gains on Thursday in the aftermath of the feds pledges to keep rates low and continue the loose monetary policy in support of the recovery.
Today, the UK lacks fundamentals which suggest that the pair’s movement will be determined by US data. As of 12:30 GMT, the US will release important data including personal spending and income for March; Chicago purchasing manager...
