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Jul 25, 12 •
4097 Views •
Market Analysis •
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Comments Off on Forex News: Spain Debt Crisis Impacts Currency Markets
Bad forex news emerging from Spain caused currency traders to shift from the euro to relatively safer options such as the US dollar and the Japanese yen. Two of the country’s semi-autonomous regions formally requested a bailout from the national government...
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Jul 25, 12 •
3058 Views •
Market Analysis •
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Comments Off on Forex News: Asian Currencies Lift on Positive China Economic News
Positive Asian forex news on China’s economy helped lift Asian currencies, with the Singapore dollar reaching a 12-year high against the euro and a 14-year high vs. the Malaysian ringgit. The Singapore dollar hit $1.5248 against the euro on...
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Jul 25, 12 •
2933 Views •
Market Analysis •
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Comments Off on Forex News: Weak German Economic Data Makes Euro Vulnerable
Negative forex news continued to impact on the euro, causing it to weaken against the dollar during Tuesday’s trading session. The latest bit of bad news for the euro zone was the announcement that Germany’s Market PMI (purchasing managers’ index) fell...
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Jul 25, 12 •
2413 Views •
Market Analysis •
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Comments Off on Market Commentary: Doomsday has Arrived for the UK and the EU at the Same Time
Yesterday, the EUR/GBP rebound ran into resistance quite soon. The pair hovered in a tight range roughly between 0.7805 and 0.7820 in Asian and early European trading. There were again very few eco data in the UK and EMU PMI data had also no noticeable impact...
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Jul 24, 12 •
2616 Views •
Market Analysis •
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Comments Off on Forex News: Relative to the US Dollar (July 2012)
If the July Forex trend is of any indication, then the US dollar is an uphill and downhill ride. This is because while, the US dollar has kept its value amidst the turmoil engulfing the Euro and other currencies, the former still remains in bearish territory....
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Jul 24, 12 •
2859 Views •
Market Analysis •
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Comments Off on Forex News: Relative to the Euro (July 2012)
The Euro is in trouble and that is a fact. This article will not dwell on the obvious, rather this article will discuss problem areas specific to the current news of the day while at the same time provide indicators of positive movement. This article does not...
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Jul 24, 12 •
4729 Views •
Market Analysis •
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1 Comment
Simply put, the prices of commodities affect foreign exchange rates (some more than others). In addition, the more important a specific commodity is to a nation’s economy or the global economy, the more indicative that commodity is to Forex. For example,...
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Jul 24, 12 •
3907 Views •
Market Analysis •
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Comments Off on Market Commentary: This Weeks Upcoming Economic Events in Europe
As the Eurozone seemed to fall apart at the seams this weekend with everything unraveling let’s take a look at what Eco data is coming at us this week in the EMU. The week starts with the confidence indicators in the focus (PMI’s and German IFO),...
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Jul 13, 12 •
2554 Views •
Market Analysis •
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Comments Off on Forex News: USD Risks Based on July 9 to July 13 Events
Forex News: After July 6’s announcement of poor NFP figures, the USD has continuously gained and is currently being considered as a currency that is safe as of the moment. However, this does not exclude the currency from all the risks that can occur within...
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Jul 13, 12 •
2514 Views •
Market Analysis •
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Comments Off on Forex News: Euro Maintains Strong Image Despite Crisis
Forex News: The members of the European Union are still holding on to the strong image constantly being projected by Euro despite the crisis. According to the July 10 European Central Bank (ECB) statement, the euro has been successful enough to remain...
