forex market

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Forex News Review – Oil, Canadian dollar slide after NFP

Posted on May 4, 2012 8:24 pm GMT

Euro slid to a two-week low against the dollar in volatile trading during the US session after a disappointing non-farm payrolls report.  The most closely watched US jobs report printed less than the expected number of jobs added to the […]

Forex News Review – Euro slips below $1.32

Posted on May 2, 2012 8:23 pm GMT

Euro fell below the key $1.32 level today after weak euro zone data indicated a deepening downturn for the region’s manufacturing sector and record-high unemployment. EURUSD fell to a low of 1.3121 before retracing to 1.3166. The euro briefly trimmed […]

Forex Market Review – Euro falls on poor EZ manufacturing data

Posted on May 2, 2012 11:36 am GMT

Euro tumbled across the board after a large sell-off following poor euro zone economic data that showed a manufacturing downturn in April and a rise in unemployment. The region’s final April manufacturing PMI came in lower than expected at 45.9, […]

Forex Asia Review – Dollar advances against yen for second day

Posted on May 2, 2012 5:53 am GMT

USDJPY bounced further away from 2-1/2-month lows to rise a high of 80.39 in the Asian session. The dollar was boosted after stronger than expected US manufacturing ISM data on Tuesday and any further gains will depend on upcoming US […]

Forex News Review – Dollar strengthens after ISM manufacturing data

Posted on May 1, 2012 7:59 pm GMT

Euro gave up gains after the dollar jumped on better than expected U.S. data.  The Institute for Supply Management (ISM) index on the U.S. manufacturing sector unexpectedly rose to 54.8 in April, up from the previous 53.4. This eased concerns […]

Forex Market Review – EURUSD hits 1-month high; pound tumbles on weak PMI

Posted on May 1, 2012 11:36 am GMT

Euro climbed to a four-week high against a broadly weaker dollar in thin European trading, as most markets were closed for the May Day public holiday. The dollar is under pressure following  weaker-than-expected U.S. economic data from Monday. EURUSD peaked […]

Forex Asia Review – Aussie drops after RBA cuts rate by 50 basis points

Posted on May 1, 2012 6:17 am GMT

The Australian dollar tumbled by some 100 pips after the Reserve Bank of Australia announced it cut interest rates by 50 basis points, which was a little more than markets had expected.  The RBA brought the key cash rate down […]

Forex News Review – Dollar extends fall against yen after soft US data

Posted on April 30, 2012 8:17 pm GMT

The euro attempted to trim losses against the dollar but was weighed down by investor concerns over the euro zone debt crisis following weak GDP data from Spain, which showed the fourth largest economy in the region has slipped into […]

Forex Market Review – Euro weakens on Spain debt woes

Posted on April 30, 2012 11:46 am GMT

Euro edged higher against the softer dollar early into the European session but soon pared gains. Satisfactory German retail sales data early in the session helped briefly buoy the euro but Spanish data weighed the single currency.  EURUSD rose to […]

Forex Market Review – Euro broadly weaker after soft data and political uncertainty

Posted on April 23, 2012 12:21 pm GMT

Euro fell against most counterparts as risk appetite was dampened by disappointing euro zone economic data and political uncertainty in the region following the first round of French elections. The single currency was hit hard after April PMI data showed […]