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Forex Trading News – EUR boosted by strong German and French Q1 GDP data

Posted on May 13, 2011 1:17 pm GMT

EUR rose versus the USD today after strong growth data in Germany and France bolstered expectations that a healthy euro zone economy will keep interest rates in the region higher than their US equivalents. The German economy grew […]

Forex Trading News – USD at a three week high as commodity prices tumble

Posted on May 12, 2011 1:17 pm GMT

EUR fell as low as $1.4122, breaking below a key level at $1.4150, which analysts said that this leaves open the prospect of further falls towards $1.4000. On the other hand, traders said bids above $1.4100 could limit falls for […]

Forex Trading News – GBP at a 6 week high against the EUR due to a boost from the BOE

Posted on May 11, 2011 1:05 pm GMT

EUR fell today, with risks to the downside on mounting uncertainty over whether euro zone officials would provide timely financial aid to Greece and Portugal. EUR/USD is being dominated by concerns about Greece and Portugal and the contagion concerns that […]

Forex Trading News – EUR briefly lifted by report of a new aid deal for Greece

Posted on May 10, 2011 1:06 pm GMT

EUR was steady against the USD in volatile trade today as conflicting reports emerged of a potential new aid deal for Greece in order to help the country to meet its funding requirements in the next 2 years. The single […]

Forex Trading News – GBP slips against the EUR – Risks of downside for the single currency

Posted on May 9, 2011 1:13 pm GMT

EUR bounced today after last week’s selloff, although blown up long positions and euro zone debt worries pointed to downside risks. Technical indicators also suggested the euro could ease, although a rebound in some commodities after their rout last week […]

Forex Trading News – USD/JPY up on Japanese buying after holidays – AUD revived by hawkish RBA

Posted on May 6, 2011 5:09 am GMT

USD managed to hold its gains during the Asian Session and key resistance levels were in its grasp as tumbling oil prices, a lack of indications there would be an immediate rate hike from the ECB and a series of […]

Forex Trading News – Markets expect EUR/USD to hit $1.5050

Posted on May 5, 2011 5:03 am GMT

Markets look forward for the ECB to maintain a hawkish tone pushing EUR/USD to $1.5O5O. Though, if Jean-Claude Trichet disappoints and does not use the word ‘vigilant’, then they would recommend buying EUR/USD on dips ahead of the NFP numbers […]