Market Analysis

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 to 47.3 in July from 48.1 the previous month. The PMI is a measure […]

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 on EUR/GBP trading. Very poor UK lending for homes

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. This article will discuss US Forex reports for the

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 propose to discuss to the reader the what,

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, the price of crude oil, gold and silver are key commodities not only for

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), while also the M3 data will be worth watching.