Market Analysis

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

While most people are currently focused on the recent development in the show Live, traders still attentively pay attention to the latest forex news updates. To put it simply, even though there are individuals who find satisfaction in predicting new co-hosts for popular shows, which in this case turns out to be Michael Strahan, there

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

It cannot be denied that even though Griselda Blanco’s death is commonly talked about these days, one should never overlook the importance of paying attention to discussions regarding forex news. After all, even though the life of a “cocaine queen” has finally ended, developments in the currency market never cease. While the task of remaining

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

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

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