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Sep 6, 12 •
3154 Views •
Market Analysis •
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Comments Off on The Consensus on the Much Anticipated Outcome of the ECB Policy Meeting
With the forex news stating that ECB is set to announce its policy decision regarding a much anticipated 25 basis points rate cut and reveal its bond purchase programs at 7:45 am ET today to be followed by a press conference by the ECB president Mario Draghi...
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Sep 5, 12 •
3474 Views •
Market Analysis •
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Comments Off on The Need to Restructure the ECB’s Bond-Buy Plan
In an article written by Tom Fairless and Neelabh Chaturvedi for the Wall Street Journal datelined August 7, 2012, the writers cited the need for the ECB to restructure its bond buying program for it to have a more lasting impact. It must be recalled that the...
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Sep 5, 12 •
2783 Views •
Market Analysis •
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1 Comment
Recreational visitors who trooped to the Angeles National Forest in California were disappointed to be held off by roadblocks owing to a massive wildfire that raged through the weekend and into Labor Day. The wildfire started a stone’s throw away from one...
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Sep 5, 12 •
2214 Views •
Market Analysis •
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Comments Off on Forex News: UK Pound Holds Steady Against Dollar Despite Disappointing ISM Index
In the face of disappointing forex news on the US manufacturing sector, the UK pound continued to hold steady in morning trading against the US dollar. During the session, the GBP/USD currency pair reached a daily low of 1.5859 before consolidating at the...
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Sep 5, 12 •
3423 Views •
Market Analysis •
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Comments Off on Forex News: Euro Weakens Following Weaker ISM Index, Moody’s EU Downgrade
The euro traded lower in European sessions against the dollar on the back of disappointing forex news regarding the US manufacturing sector and the region’s ratings outlook. The euro traded lower in European sessions against the dollar on the back of...
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Sep 5, 12 •
3152 Views •
Market Analysis •
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2 Comments
Without a doubt, most traders are still thinking about the various events that took place during the Labor Day and thus might have missed the hottest forex news. After all, while most people would associate the above mentioned holiday with the rallies that...
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Sep 5, 12 •
2162 Views •
Market Analysis •
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Comments Off on Forex News: Australian Issues, European Woes, and South Korean Concerns
It cannot be denied that most people are currently talking about Michael Clarke Duncan’s death, while only a few are spending time to discuss the latest forex news. Even though the Green Mile actor’s passing is truly tragic in more ways than one, it would...
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Sep 5, 12 •
2222 Views •
Market Analysis •
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Comments Off on Forex News – EUR/USD Situation Shows Slight EUR Improvement
Currency pair EUR/USD arrives near the day lows – nearing but not quite reaching the 38.2 percent range for 2012. It enters at 50 pips or more – definitely a narrow trading range for the currency. At this level, it is up to the intraday buyers to make...
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Sep 4, 12 •
2975 Views •
Market Analysis •
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1 Comment
The EUR/GBP traded within a narrow range in the hours before forex news reports regarding the contents of European Central Bank President Mario Draghi’s comments before a closed-door EU Parliament Committee in Brussels. The currency pair reached 1.5883...
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Sep 4, 12 •
2283 Views •
Market Analysis •
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Comments Off on USD/JPY Market Forecasts
Latest in Forex News shows that the US Dollar started to fall below expectations as the top market movers aided the slow descent of the currency. The US Dollar has been on a somewhat shaky trajectory for the past months and the Japanese economy has been...
