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The US Dollar is finding an Ally on the brewing Tide of Dissent against the ECB

With the market totally convinced that some form of quantitative easing is pretty much a done deal even before the FOMC meeting on Thursday, the US Dollar should have continued to weaken at the start of week. After last week’s ECB announcement about its new bond buying program to bail out its financially troubled members,

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The Euro Rally resulting from Last Week’s ECB Bond Buying Decision May be Short-lived

The Euro is currently consolidating below the 1.2800 level against the US Dollar after rallying a high of 1.2815 from last week’s mid 1.26 level as an aftermath of the ECB’s much anticipated announcement of their bond buying program to bail out its troubled members. However, according to FXstreet.com and DailyFX, the move to the

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Forex News: UK Pound Rallies Against Dollar as Economy Shows Signs of Recovery

The pound continued to trade strongly against the US dollar on the back of forex news that the European Central Bank (ECB) was preparing an unlimited bond buying plan to help the currency bloc’s most troubled economies. The GBP/USD reached 1.5934, its highest level since May, before consolidating at 1.5908. Analysts believed that the currency

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Forex News: Euro Strengthens as ECB Bond Buying Plan Details Leak

Forex news regarding the European Central Bank’s debt buying program caused the euro to rally against the US dollar in September 5 trading. The EUR/USD reached a session high of 1.2623 before consolidating at 1.2603. Analysts speculate that the currency pair would most likely reach the support level at 1.2500 and the resistance level at

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Obama Gathers Support Amid Tepid Financial Markets

At the Democratic National Convention held at Charlotte, North Carolina Tuesday night, presidential spouse Michelle Obama delivered what politicians and spectators consider to be one of the finest speeches in a political convention.  Warm and personal, Obama’s speech touched on how the Obama administration has improved the lives of many Americans even during one of

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