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Jul 13, 12 •
2386 Views •
Market Analysis •
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Comments Off on Forex News: AUD/USD Loses Bullish Stance after Release of Employment data
Forex News: With the release of employment data and with the impacts of the implications of the minutes of the FOMC meeting, the price action has become bearish for AUD/USD. The employment data is far from being impressive with a -27,000 or a total loss of 27...
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Jul 12, 12 •
2896 Views •
Market Analysis •
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Comments Off on Forex News: Markets Indifferent to News of Spanish Bailout
Forex news analysts said that despite news of a bailout package for Spain’s troubled banks, the outlook on the euro would continue to be bearish, with no reason to buy the currency as it would continue to trade low. Initial details of the bailout were...
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Jul 12, 12 •
2699 Views •
Market Analysis •
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Comments Off on Forex News: Euro Drops to Two-year Low on Continued Uncertainty over ESM Implementation
One of the most disturbing pieces of forex news in recent weeks was the announcement that the euro had fallen to a new two-year low against the US dollar as the Euro Zone crisis continued to weigh on market sentiment. The EUR/USD fell to 1.2234 in US trading...
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Jul 12, 12 •
3336 Views •
Market Analysis •
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Breaking forex news highlighted the growing concerns of forex brokers over potentially predatory practices by so-called ultra-fast or high-frequency traders (HFT). Interdealer broker ICAP said that its EBS trading platform would clamp down on “flash”...