Market Analysis

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Forex News: Canadian Dollar Weakens on Weaker Commodity Prices

Forex news regarding falling commodity prices caused the Canadian dollar to weaken against its American counterpart in August 14 trading as the two currencies struggled to reach parity. During the early part of the trading session, the USD/CAD reached 0.9707, a session low, although it later consolidated at the 0.9913 level. Analysts said the pair […]

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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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