Market Analysis

Costa Rica was shaken by a powerful 7.9 earthquake leaving some houses and roads damaged.  The epicentre of the quake was located at the beach town of Cangrejal, 87 miles west of the capital city San Jose.  Costa Rica president Laura Chincilla assured everyone, however, that the strong quake that was felt all through a […]

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 at 8:30 am ET, the market is quite

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 ECB has never been transparent with its bond

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 of the forest’s campgrounds and spread to over 4,100 acres of forest ground.

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 1.5876 level. Analysts said the pair was likely to reach the support

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 disappointing forex news regarding the US manufacturing sector and the region’s ratings outlook. The EUR/USD

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 occurred in Chicago, true currency traders are probably thinking about the start

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 also be appropriate to say that one’s reluctance to pay

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 sure that the currency gets back on

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 during the morning trading session in the US before consolidating at 1.5873. Analysts said the pair was