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The euro traded lower against the US dollar on Monday sessions, although investors continued to support demand for the single currency in the wake of recent forex news regarding details of the European Central Bank’s bond buying program. The EUR/USD hit 1.2770 at Monday US trading before consolidating at 1.2795. Analysts believed that the currency

As every experienced Forex trader knows, the currency market can be affected by a large number of things from the country’s economy to the political stability of the nation. This is why it isn’t surprising that the Obama speech is something lots of Forex traders have been looking forward to hearing. Being one of the

The Euro has been doing pretty good during the start of week in its fourth consecutive gain. This isn’t really surprising since authorities have mostly been optimistic about the situation thanks to the policy meeting conducted by the European Central Bank. The optimism was fueled by authorities as most believed that new policies will involve

As to be expected, most people are currently thinking about the NFL playoffs, while a few still remain focused on forex news. Indeed, no matter how exciting football might be, it is always much more important to keep track of the latest happenings in the currency market. Of course, some might be thinking that reading

The UK pound traded higher against the US dollar on positive forex news regarding the performance of the British economy. The GBP/USD reached 1.5992 in Monday US morning trading after pulling back from a daily low of 1.5960. Analysts believe that the currency pair is likely to reach its support level at 1.5921 and resistance