Market Analysis

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

While most people are attempting to learn about the recent GoDaddy crash, there are those who remain focused on searching for more forex news. Indeed, even though it is quite interesting to uncover the root of the web-hosting giant’s technical problems, it is much more important to keep track of the latest developments in the

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

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,

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