Market Analysis

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

It has been eleven years since that day when terrorists took down the twin towers of New York’s World Trade Center, taking thousands of innocent lives of both tenants and rescue personnel.  The day of what is considered to be one of the worst terrorist attacks in the history of the country was marked with

The UK pound traded to a four month high during September 11 trading following a forex news announcement on Moody’s threatened downgrade of the US credit rating. At morning trading, the GBP/USD hit 1.6049, its highest level since May 15, before consolidating at 1.6047. Analysts said the pair would likely reach support levels at 1.5958

After being found unconscious and near death in his car last July 9 in an apparent suicide attempt, the 64 year old Russell Wasendorf, chief executive of the Peregrine Financial Group has since been indicted of 31 counts of lying to regulators.  He has initially entered a not guilty plea to the charges of taking

According to a news account by Farah Khalique and Giles Turner as reported on the Financial News dated September 12, 2012, Standard Chartered, a UK bank agreed to settle the charges levied against it by the New York State Department of Financial Services. The charges stem from the bank’s participation in U.S. Dollar transactions in

The euro traded to a four month high against the US dollar following forex news of a threatened credit downgrade against the US. The EUR/USD traded at 1.2840 at morning US trade, its highest level since May 15, before consolidating 1.2830. Analysts said the currency pair would likely reach its support level at 1.2753 and

Without a doubt, while countless people throughout the world are talking about Jerry Lawler’s condition, traders are eagerly discussing the latest forex news. It should be pointed out that those who make money through the currency market are still concerned about the wrestling legend’s health. They simply cannot afford to miss any relevant update about