foreign exchange

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Forex Review – Euro back above $1.32; aussie extends decline

Posted on March 20, 2012 9:36 pm GMT

The euro bounced back against the dollar in the U.S. session to make up for earlier losses and basically moved  back closer to  levels reached after its bounce on Monday. EURUSD bounced off a low of 1.3171 to rise above […]

Forex News: Sterling drops to a 2 and a half month low

Posted on June 23, 2011 1:37 am GMT

The British currency dropped to a 2 and a half month low in today’s Asian session, falling to a low of 1.6025as the Bank of England hinted towards a chance of further stimulus, where as the US Federal Reserve has […]

Forex News – Trading Point Daily Market Review – United States Session

Posted on June 17, 2011 8:05 pm GMT

The United States session saw the Euro trade level around the 1.4300 level with limited volatility, after haven rallied some 200 pips in earlier sessions to rise from a low of 1.4126 to a high of 1.4338. The Euro was […]

Forex Europe News – Euro gains boost as Greece is potentially set for a 2nd bailout plan

Posted on June 17, 2011 1:11 pm GMT

The European session saw the Euro rally over 140 pips, from a session open of 1.4139 to peak at 1.4288. The single currency moved in a one way motion throughout the session as it made a failure swing and formed […]

Forex News – Euro takes pause from recent drop

Posted on June 16, 2011 8:02 pm GMT

The US session see’s the Euro recovering from earlier losses as a bounce from a 3 week low of 1.4072 to see the Euro retrace over 70% of today’s drop left the single currency trading around the 1.4140’s for most […]

Forex News – Euro continues to decline as European debt woes magnify

Posted on June 16, 2011 12:56 pm GMT

The Euro continued its decline in today’s European session, dropping from a day’s high of 1.4200, by over 100 pips to a low of 1.4072. The recent movement of the single currency sees it drop well past its 161.8% Fibonacci […]

Forex News – USD gains across board as Canada’s CPI comes out lower than expected

Posted on May 20, 2011 1:01 pm GMT

The Euro plummeted in today’s European session, dropping from a high of 1.4344 by over 110 pips to a session low of 1.4210. The single currency is currently a few pips above a support level seen around the 1.4210 levels, […]

Forex Trading News – UK retail Sales boost Sterling’s gains

Posted on May 19, 2011 1:01 pm GMT

The Euro this session has been trading around its 55-day average of around 1.4260, a point at which it appears to have struggled to break past and which has seen the Euro make a double bottom around the 1.4205 levels […]

Forex Trading – Dovish Bank of England minutes force Sterling to 6 week low

Posted on May 18, 2011 1:02 pm GMT

Today’s European session see’s the Euro experience some very choppy trading. The EURUSD pair opened up the session at 1.4264 and moved in a downward trend, dropping some 25+ pips as it moved with an oscillatory range of over 20 […]

Forex Trading News: Euro continues to pull away from 7 week low

Posted on May 18, 2011 8:04 am GMT

The Euro continued to rise in today’s sessions, following on from yesterday’s positive US session, which saw the Euro gain over 100 pips against the USD. The rise in the Euro is believed to be further to support that was […]