Market Analysis

Despite the recent cyber threats to Bank of America and other US financial institutions, the dollar has been doing pretty well after last week’s sad decline. The main factor driving the United States dollar today stems from the uncertainty of the market, specifically what is happening to the Eurozone situation. Last week, the struggling European […]

The forex market has been a-buzz since Federal Reserve Chairman Ben Bernanke announced the new round of quantitative easing known as QE3 last week. It was a much anticipated announcement which came with confirmations that low interest rates are going to be around for a longer while. While much of the highly anticipated QE3 announcements

It cannot be denied that while the world attempts to discover the truth behind the technical issues that hit the Bank of America’s website, true currency traders never forget to check the latest forex news updates. Indeed, while it is quite concerning to think that the aforementioned website might actually be the latest “victim” of

Last week the USD closed at a near 7-month low, the EUR, JPY, crude oil saw some gains. At the start of this week’s trading day predictions were grim and traders are scrambling to get some sense as to where to place investments. As such, traders are clearly anticipating the release of relevant indicators such

As to be expected, while countless people continue to talk about the release date of Apple’s iOS 6, traders who are truly serious about their moneymaking efforts never cease to discuss the latest forex news. After all, no matter how interesting the next-generation mobile operating system might be, it would never be at par with

Bank of America has once again hit the forex news radar after suffering from the sluggish nature of its website. This has made the bank’s access point at the World Wide Web unavailable to users and bank clients for the rest of Tuesday. And this has caused confusion bordering chaos provided that the bank has

The pound trimmed losses against the US dollar following bullish forex news on US existing home sales. In US morning trade, the GBP/USD retreated from 1.6185 to land at 1.6227. Analysts said that the cable would likely hit its resistance level at 1.6271 and support level at 1.6142. According to the National Association of Realtors,

The US dollar held steady against the loonie despite more disappointing forex news regarding the US economy. The USD/CAD reached 0.9694 during early US trading, a close to four month low, although it later consolidated at 0.9709. Analysts said that the pair could reach its support level at 0.9666 and resistance level at 0.9774. According

This article will discuss several tidbits of news relevant to Forex worldwide. This includes information from USD, EUR, JPY, commodities, etc. The goal of this article is to provide sound but brief information to traders. USD Bearish Last Week and Probably This Week  Last week the USD was bearish. On Monday, September 17, 2012 it

With the heated battle between Samsung Galaxy S3 and iPhone 5 reaching the level of national dailies, it will no longer come as a surprise that the battle has also become one of the hottest and most anticipated forex news. Recently, via paid print advertisement, Samsung launched an advertisement entitled: “It doesn’t take a genius.”