Market Analysis

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EURUSD Wandering Rudderless

Forex News: EUR/USD Holds Steady on Lack of Volatility-Making Economic Developments

With little major forex news breaking in the past few days, the euro continued trading flat against the US dollar and held steady at the $1.2400 level on August 7 trading. The only major economic news from the region came out of Italy, with its second quarter Gross Domestic Product (GDP) figures showing that the

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The GBP Versus The USD And The EUR

Forex News: GBP/USD Strengthens Due to BOE Comments on Inflation Rate Increases

UK forex news from the Bank of England (BoE) caused GBP/USD trading to end at the 1.5655 level, higher than the low of 1.5644 that it had recorded during the August 8 trading. The UK pound had earlier touched that low due to higher-than-expected trade deficit figures although it attempted to stabilize at the 1.5650

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Forex News: The Weak UK Economy Will Continue to Weigh on the British Pound

The British Pound gained ground against the USD and the other European Currencies in early trading Tuesday after a report showed UK manufacturing output in June fell by 2.9%. Manufacturing output represents 25% of the total UK Gross Domestic Product. Traders acted positively to the reported lower-than-forecast decline. Analysts predicted a much bigger month on

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