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Forex News – Dollar tumbles after central banks announce measures to increase liquidity

Posted on November 30, 2011 1:34 pm GMT

The dollar tumbled sharply against all major counterparts after an announcement by major central banks around the world that they have agreed on a coordinated move to increase liquidity in the global financial system by lowering the price on existing […]

Forex News Review – Australian dollar falls on inflation data

Posted on October 26, 2011 6:04 am GMT

EURUSD has traded sideways after recovering from a large fall in the US session, remaining supported above 1.3890 thanks to some negative economic data from the US. Investors are reluctant to go in to new positions ahead of the EU […]

Forex News- Euro off six-week highs as Germany disagrees on EU Summit draft

Posted on October 25, 2011 2:36 pm GMT

The euro weakened in the US session after some negative comments from German Chancellor Angela Merkel.
The report says that “Germany opposes a phrase in a draft conclusion for Wednesday’s EU summit that calls for the European Central Bank to continue […]

Breaking Forex News – Euro recovers after reports of cancellation of EU Summit are dismissed

Posted on October 25, 2011 2:14 pm GMT

The euro extended losses against the dollar as rumours swept around that the European Union summit has been cancelled . News has just come in to confirm that the 27-EU country leader’s summit is still on but only the […]

Forex Europe Review – Euro reverses gains after Merkel comments

Posted on October 25, 2011 1:08 pm GMT

EURUSD hit a fresh six-week high in European trading on risk appetite over optimism on the outcome of tomorrow’s EU summit. However, before the end of the session, euro reversed direction on comments made by German Chancellor Angela Merkel. It […]