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Forex News Review – EURGBP hits 20-month low amid uncertainty in Europe

Posted on April 23, 2012 7:55 pm GMT

Euro was lower against the dollar today, erasing all gains made in Friday’s rally. Weak euro-zone economic data and political uncertainty in France and as well as the Netherlands created market jitters over the euro zone sovereign-debt crisis.  The preliminary […]

Forex Asia Review – Yen holds firm

Posted on April 5, 2012 6:04 am GMT

The U.S. dollar took a pause from the last two days of advance, allowing risk currencies and commodities to retrace slightly in Asia, ahead of key U.S. jobless data today and position squaring ahead of  the Easter holidays when many […]

Forex Review – Euro down on Spain debt concerns

Posted on April 4, 2012 8:53 pm GMT

The euro fell to a three week low against the dollar after a disappointing Spanish bond auction shifted concerns back to the euro zone debt crisis. Bond yields rose while demand for Spanish debt weakened. Meanwhile, the European Central Bank […]

Forex Review – Dollar gains after Fed minutes signal no QE3

Posted on April 3, 2012 8:24 pm GMT

Euro fell sharply against the dollar after the U.S. Federal Reserve released minutes from its March policy meeting that indicated policy makers appeared less willing to launch a new round of monetary stimulus through a third round of quantitative easing. […]

Forex Review – Euro holds $1.33 after U.S. data lifts sentiment

Posted on April 2, 2012 8:55 pm GMT

EURUSD entered the North American trading session on a decline, under pressure by weak European PMI data.  A slight bounce was seen after better than expected U.S. manufacturing PMI, which helped lift market sentiment. EURUSD bounced off a session low […]

Forex Market Review – GBPUSD hits 4-1/2 high after UK manufacturing PMI

Posted on April 2, 2012 12:47 pm GMT

EURUSD kept within the range set since Friday, pushing up a couple of pips higher to 1.3378 and supported above 1.3314. Euro is vulnerable due to weak data which showed euro-zone manufacturing activity shrank in March and the region’s unemployment […]

Forex Asia Review – China PMI lifts sentiment; yen weaker after Tankan data

Posted on April 2, 2012 6:20 am GMT

EURUSD opened the Asian session with a gap higher at 1.3358 and rose up to Friday’s high of 1.3375  in reaction to the much stronger than expected China PMI data that was released over the weekend.  The March PMI jumped […]

Forex News Review – Euro holds onto gains, above $1.33

Posted on March 30, 2012 8:57 pm GMT

The euro held on to gains made against the dollar today after E.U. finance ministers agreed to a temporary boost of the euro zone rescue fund lending limit to 700 billion euros from 500 billion. Also helping the euro was […]

Forex Asia Review – Euro rises above $1.33 ahead of Ecofin

Posted on March 30, 2012 6:07 am GMT

Euro extended its advance against the dollar going into the Asian session, amid risk on ahead of the European finance ministers later today. There is optimism that the European leaders will agree on bolstering the euro zone rescue fund by […]

Forex Asia Review – Yen stronger across the board; aussie extends losses

Posted on March 29, 2012 6:15 am GMT

Yen gained across the board, lifted by Japanese investors selling dollar against yen and other yen crosses for the close of their financial year on March 31.  USDJPY and most JPY crosses were dragged lower in Asian trading. USDJPY fell […]