Market Analysis

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

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