Market Analysis

In its latest statement, Apple lays claim that the number of pre-ordered units for the iPhone 5 has reached $1 million. This is within 24 hours of the product’s launch in the mobile market. This pushed back deliveries for the first million orders until October 2012. While Apple managed to make money move from people’s […]

In a Huffington Post article datelined September 14, 2012, (Nicosia, Cyprus), Spain, which was rumored as possibly not cooperating with the ECB’s bond buying program known as OMT’s or Outright Monetary Transactions, announced that it will reveal its new set of economic reforms by September 27. The announcement was made as aftermath of a meeting

The euro weakened against the dollar on the back of worrisome forex news regarding the Spanish debt situation that counteracted bullish news of a third round of Fed quantitative easing. The EUR/USD fell from 1.3084 to 1.3121 in US trading, while analysts said the currency pair would reach its resistance level at 1.3241 and its

It cannot be denied that while most people are currently thinking about the Twin Towers, traders keep their attention focused on all kinds of forex news. Indeed, while it is important to never forget the meaning of such a tragic event in world history, it would also be crucial to remain updated about the latest

It cannot be denied that while most people are spending much time talking about the finally-unveiled aspirational gadget that is the Apple iPhone 5, those who mainly make money through the currency market are enthusiastically discussing all sorts of forex news. As a matter of fact, true forex traders never fail to remain updated about

The US Dollar is at it again, continuing its small yet downward spiral against major players in the Foreign Exchange market. Specifically, Forex News have shown that even the dismal position of the Euro, the latter still managed to stay on top of USD in value. Traders are on standby for announcements coming from Ben

The UK pound continued to trade stronger against the US dollar on the back of positive forex news paving the way for the implementation of the eurozone’s bailout program. The GBP/USD currency pair reached 1.6131 in US morning trading, its highest level since May 11, before it consolidated at the 1.6095 level. The currency pair

With the highly anticipated approval by the German court of the ECB’s restructured bond buying program which it calls the Economic Stability Mechanism, a bailout package is essentially in place to aid debt burdened member countries. As a result, the Euro surged against the U.S. Dollar and remained above the 1.29 level. According to reports

The US dollar traded lower against the euro as well as other major currencies on the back of mixed forex news.  During afternoon European trading, the EUR/USD traded at 1.2899 on the back of news that the German Constitutional Court had ruled in favor of the eurozone’s new European Stability Mechanism (ESM). In breaking forex

Protected areas within the territory of China are being mapped by the State Oceanic Administration (SOA) in a bid to set up its strategic base points on the country’s territorial waters. The move serves to safeguard the country’s maritime interests as provided by their Island Protection Law. The Chinese government announced on Wednesday some 17