US Currency Fights After Fed Action; Yen Remains Choppy
The US currency hit 4 month lows as compared to the euro and Swiss franc in today’s trading session, falling under high pressure after the U.S. Federal Reserve declared a fresh round of forceful monetary incentive in order to back up economic development. HJowever, the Japanese currency dropped broadly on rumor that Japanese agencies could interfere to restrict its fresh gains versus the US currency. Anticipations that BoJ could relieve rule by the coming week in reaction to the Fed's … [Read More...]
US Currency Fights After Fed Action; Yen Remains Choppy
The US currency hit 4 month lows as compared to the euro and Swiss franc in today’s trading session, falling under high pressure after the U.S. Federal Reserve declared a fresh round of forceful monetary incentive in order to back up economic development. HJowever, the Japanese currency dropped broadly on rumor that Japanese agencies could interfere to restrict its fresh gains versus the US currency. Anticipations that BoJ could relieve rule by the coming week in reaction to the Fed's … [Read More...]
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Trade forex with the MT4 app for iPhone from FX Solutions
FX Solutions LLC, a reputable retail Forex dealer, has released this month, an app for mobile trading on the iPhone- MetaTrader 4 (MT4). The MT4 app is very popular thanks to its powerful UI, enabling customers of FX Solutions to be able to trade Forex anytime, anywhere. Opportunities in Mobile Trading FX Solutions is providing another tool in the MT4 app, providing an array of several trade functions and trade analytics, said Michael Cairns, CEO of FX Solutions. Built in the form of … [Read More...]
How Forex Brokers Work
Just like any other business, the main aim of the forex broker is to make as big profit as possible. The best possible way that most of the brokers use is to follow the practices which are considered as fair by their clients. Most of the brokers tend to work within the certain boundaries, working outside which could render them with broken reputation. There are generally two types of brokers - Electronic Communication Network (ECN) and market makers. ECNs are more exclusive and provide direct … [Read More...]
More Forex Stories
FOREX: South Korean Won Gathers Momentum on China; Europe Stays Negative Factor
The South Korean currency (Won) posted gained in today’s trading session, trimming previous losses, as optimistic facts from Chinese market bettered the overall stock market outlook. News, which came from the European market, was not appealing, though, and the market atmosphere did not completely make progress. The basic reports from the Chinese market were beneficial, relieving worries … [Read More...]
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FOREX: Euro Stays Steady against Dollar; Yen Surges on Europe Fears
The euro remained stabilized as compared to the US dollar in Asian trade today but stayed pressurized after reported remarks by German Chancellor Angela Merkel aroused worries regarding the euro zone debt disaster, to the advantage of the safe-haven yen. In an interview, Angela stated that they’ve have not yet determined the European plan in a mode, which they can be confident that the whole … [Read More...]
FOREX: Euro Stays Feeble As Merkel Remarks Weigh
The euro dropped in today’s session after a fresh report cited remarks from German Chancellor Angela Merkel on the doubtful outlook of the euro zone, rattling capitalists already careful regarding the viewpoint for the common currency. Merkel stated, “We have not yet shaped the European project so that we can be sure that everything will turn out well, we still have work to do.” But, … [Read More...]
FOREX: Dollar On the Back foot prior to Federal Reserve chairman’s statement
The US dollar dropped in comparison to the euro and the majority of other key currencies today before statement from U.S. Federal Reserve Chairman Ben Bernanke, who could mention extra monetary incentive after recent unsatisfactory U.S. facts. With capitalists positioning for extra quantitative easement by the Fed, analysts witnessed a threat that the US currency may spring back or assets … [Read More...]
FOREX: Euro Inches Lower versus the US Dollar; Eyes on Ben Bernanke’s Report
The euro relieved as compared to the US currency in today’s session, with the impending concentration on whether U.S. Federal Reserve Chairman Ben Bernanke will provide any clue of extra monetary incentive when he presents testimony to Congress in the coming days. The Australian currency dropped but hung on to the volume of the gains it had on July 13 when it got potency from facts depicting … [Read More...]
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Australian Dollar Surges As Chinese Data Matches Projections
The Australian dollar made gains as against the U.S. Dollar as the Chinese actual gross domestic product climbed up by 7.6% during the second quarterly period, year over year, which marks the slowest rate of expansion since June 2009. Gross domestic product during the second quarter zoomed 1.8%, quarter over quarter, marginally bettering from initial quarter outcomes that recorded at 1.6 per … [Read More...]
FOREX: New Zealand Dollar Declines as Outlook for US Economic Growth Declines
The New Zealand dollar remained low in today’s session, accompanying July 11 gains, after the minutes of the Federal Reserve monetary plan conference indicated that the central banking institution’s decision makers were worried about the financial retardation in the United States. The deteriorating viewpoint for US financial escalation added to fears caused by the slump of China’s growth … [Read More...]
Forex: Yen remains sturdy on Europe dilemmas; euro consolidates around 2-year low
Euro lingered around a 2-year low versus the dollar as capitalists were worried about Europe’s decision-making route after Germany’s Federal constitutional court did not make a decision thus far on the ESM (euro zone rescue fund), and the economic deal. This affair was very vital since German courts must ink the euro zone rescue fund with the intention to activate it. EUR USD merged … [Read More...]
FOREX: Euro declines as Spain deal fails to calm crisis fears
The euro came near to hit a two-year low against the dollar and hit a 5-week trough versus the yen today after a gathering of eurozone finance ministers failed to alleviate fears regarding the area's disaster in spite of attempts to assist debt burdened Spain. Euro zone finance heads decided to grant Spain an extra year, until the year 2014, to attain its deficit reduction goals, in exchange … [Read More...]
UK Pound Results Mixed as Forex Traders Seek Direction
After descending against the Japanese yen and the US dollar, the UK pound trading was mixed in the Forex market today. This can lead to choppy trading and lowering of high beta currencies, but overall, the UK pound won against the Euro. In spite of recent gains, the pound is struggling to maintain its place. In search for direction, forex traders are trapped between dissatisfaction and … [Read More...]
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Forex: Japanese Yen Rallies Following Economic News
Japanese yen rallied in today’s session, gaining as against major currencies as improbability regarding the bourses kicks in. It was making gains as healthier news in the Japanese market got balanced in opposition to attempts at economic stimulus from other economic systems. In addition, the Bank of Japan (BoJ) raised its regional economic estimation, noting betterment in service and … [Read More...]
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FOREX: Euro Lowered Today Compared to the Dollar
The euro dropped versus the US dollar and the Japanese currency today as bleak financial information beefed up anticipations as the European Central Bank is all set to slash rates of interest, likely holding the single currency under duress. It declined to an 11-1/2 year low as compared to the top-yielding Swedish crown after Sweden's central banking institution held rates of interest unaltered … [Read More...]
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FOREX: US Dollar softens as factory orders climb up
US dollar remained soft in today’s session, owing to better than projected financial news. Factory orders surged more than anticipated, and that was offering a bit of an enhancement for bourses after July 2nd unsatisfactory manufacturing index facts. Greenback dampened, thanks to the healthier news, and to a bit of risk craving, as indicated by reasonably higher stock markets. The … [Read More...]
UK Pound Remains Down Versus Dollar, but Goes Up Against Euro
UK pound traded on a mixed note on July 02, owing to the circumstances in the bourses. The UK currency remained weak as compared to the US dollar as the risk rally from past week loses momentum, but higher versus the euro as dealers questioned if the pacts made at the European Union meeting, which took place during the past week, will actually live on. Risk appetite has been melting as fears … [Read More...]
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Forex: Japanese Yen Declines As Risk Appetite Climbs Up
Japanese Yen today dropped as risk appetite went up following unpredictably good news out of the European market. The actuality that there has been something resembling growth has resulted into an enhancement in risk appetite, and the Japanese Yen was dropping as Forex dealers searched for enhanced outcomes, and stopped distressing so much on finding secure haven. Herman Van Rompuy, … [Read More...]
Amid Uncertainty the US Dollar Rises
The U.S. dollar stayed broadly up compared to its key counterparts today, amid rising fears that an EU summit would yield progress on dealing with the Europe's debt disaster. In European noon trade, the U.S. dollar remained up as compared to the euro, with EUR/USD declining 0.32% to touch 1.2429. Expectations that European heads would make headway on managing the disaster dimmed after a … [Read More...]
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FOREX: Euro falls for a 3rd Day ahead of summit
The euro fell for a third day against the dollar on Wednesday, after hitting a two-week low in the prior session. Cautions came from analysts about more losses ahead of a European Union summit which is not at all expected to deliver new measures to ease the region’s debt crisis. German leaders have deflated expectations of any breakthrough from the two-day summit which starts on Thursday, but … [Read More...]
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US Dollar Rises On Back Of Risk Aversion
The US dollar is rose today, most because of the emergence of risk aversion. Concerns regarding Europe, and uncertainty regarding the probable impact of the US Supreme Court’s ruling on health care reforms have helped push up demand for the greenback, a safe haven. European leaders are meeting this week at a summit, in order to hammer out a solution for the sovereign debt problems that has … [Read More...]
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US Dollar Retreats As Optimism Returns To Markets
The US dollar is retreating today, going lower as optimism makes a comeback. High beta currencies including the pound and the euro did well today as traders seek a final solution to solve the problems plaguing the euro zone. Various leaders from major economies of the euro zone including Germany, Spain, France and Italy are holding a meeting today to hammer out a solution for the debt contagion … [Read More...]
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US dollar finds support, euro falters
The US dollar managed to hold on to its gains today, after finding support at a stable level. Meanwhile, the euro faltered as concerns regarding the state of the global economy resurfaced. The US dollar got a significant boost as European and Chinese economic data remained disappointing. The US dollar found support today as disappointing economic data shied away investor risk appetite. The … [Read More...]
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British Pound Gains Against U.S. Dollar
The UK pound is gaining against the US dollar today as traders are selling the dollar with the FOMC monetary policy announcement coming out soon. The British pound recovered after some losses because of Bank of England minutes. The currency is set to make a roaring comeback against the greenback, as it tries to achieve some stability versus the euro. In the morning session, the UK pound dropped … [Read More...]
US Dollar Falls As Investor Risk Appetite Gets A Boost
The US dollar dropped today, as the euro zone concerns that were plaguing the European countries calmed down a bit today. In addition, the dollar was also weighed down by the possibility of the Fed announcing further stimulus, in order to support the economy but which would ultimately weaken the greenback further. The dollar index is taking a fall today as the greenback posts losses against … [Read More...]
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Yen Declines After Greek Elections, Recovers Soon After
The Japanese yen dropped today, with positive news coming out of Greece’s elections. One of the pro-bailout parties has posted a victory, which has boosted investor risk appetite. However, the positive sentiment was only short-lived, as the currency recovered soon after. Greece’s pro-bailout New Democracy party was victorious at the Greek elections that were held this weekend. This is good … [Read More...]
BoJ Refrains From Further Stimulus, Yen Receives A Boost
The Japanese yen gained against all the major currencies on Friday after its central bank refrained from making any changes to its monetary policy. At the policy meeting held today, the Bank of Japan (BoJ) left its monetary policy intact, and refrained from increasing the monetary stimulus. The BoJ kept its main interest rate at the near zero level and did not make any changes to the size of … [Read More...]
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Euro rises against dollar for third straight day but gains may be fleeting
The euro gained against the U.S. dollar for the third consecutive session today as traders continued to “shake out” substantial bearish positions, with Greece going to polls on Sunday. However, with Italy and especially Spain’s borrowing costs continuing to prevail at excessively high levels, the currency’s gains may be fleeting. Investors are trying to cover shorts but the common … [Read More...]
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FOREX: British pound gains on euro zone concerns
The British pound rose today as forex traders rapidly adapted to the belief that Spain’s bank bailout will not completely solve the country’s major problems. This led to fresh concerns emerging about the fate of the troubled country and the British pound was seen as a suitable safe haven away from Europe’s troubles. According to Fitch Ratings, members of the euro zone are currently at … [Read More...]
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FOREX: Euro steady ahead of Greek elections: Spanish bank bailout poses concerns
The euro faced difficulty in making any headway today as concerns surrounding the hasty bailout for Spanish banks were further deepened by nervousness about Greece’s upcoming elections which will command the country’s future in the eurozone. The markets had initially welcomed the bailout given to Spain’s banks by euro zone members, however, investors soon came to realize the burden of the … [Read More...]
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Forex: Euro Posts Strong Initial Rally After Spain Bailout
The euro rose sharply as markets opened today on the news of Spain’s banks receiving a loan from the European Union. The various finance ministers of the euro zone have agreed to lend Spain’s banks around €100 billion in order to strengthen the country’s ailing banking system. However, the currency’s gains were short lived as it weakened after its initial strong rally, but still remained … [Read More...]
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Euro, Aussie and Dollar gains after China cuts rates
The euro climbed to its highest levels since May-end versus the dollar and risky growth-oriented currencies, like the Australian dollar, saw strong rallies today on the back of China's central bank cutting benchmark rates to boost economic growth. China today surprised the marks by cutting borrowing costs to tackle slowing economic growth and giving banks more flexibility to offer competitive … [Read More...]
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Forex Markets Directed by Central Bank Movement
In Forex markets, the US dollar denominated pairs steadied overnight, with the USD keeping hold of the majority of its gains and the Euro, GBP and AUD carrying on to rule close to their recent lows. Trading volumes stayed thin with the UK holiday keeping a lot of capitalists on the sidelines but the general tone in markets was watchful at best, and this is only being actuated by economic facts … [Read More...]
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