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Forex Asia Review – Yen weakens on speculation of BOJ policy easing

Posted on June 12, 2012 5:22 am GMT

Euro extended lower against the dollar early in the Asian session but the the momentum in the big sell-off  eased and consolidation ensued. Euro has lost over 1 percent since opening on Monday, as concerns over the euro zone debt […]

Forex News – Aussie falls to five-month low against dollar on Greek woes

Posted on May 14, 2012 8:06 am GMT

The Australian dollar fell further against the US dollar on Monday touch a new five-month low amid ongoing political and financial turmoil in Greece.
AUDUSD dipped to 0.9979 in early European trading hours, breaking past the Asian session low of 0.9994.
Greece’s […]

Forex Review – Dollar rises on risk aversion; euro drops on Spain debt concerns

Posted on April 13, 2012 8:04 pm GMT

The dollar extended gains in the US trading session due to risk aversion arising from China growth concerns and renewed fears over the euro zone debt crisis. Markets were cautious going into the weekend.
The euro fell sharply due to a […]

Forex Market News – EURUSD hits one week high

Posted on April 12, 2012 12:44 pm GMT

EURUSD advanced higher going into the US trading session, breaking out of a range to hit a one week high of 1.3175. During most of the European session, the pair was trading within a range formed since the start of […]

Forex Review – Dollar weighed down by NFP jobs report

Posted on April 6, 2012 7:12 pm GMT

Market sentiment was weighed down this Friday by the disappointing US jobs report. The non-farm payrolls data showed job creation in the U.S. slowed considerably in March. Only 120,000 jobs were added, nearly half compared to February, and fell short […]

Forex Market News – Euro slips to 3-week low against USD

Posted on April 4, 2012 12:53 pm GMT

Euro extended losses during European trading hours, after a steep fall on Tuesday in reaction to the Fed minutes. Adding to euro weakness was a string of string of disappointing economic data for the euro zone, showing  business activity contracted […]

Forex News – Euro weaker after data and Spain debt auction; ECB in focus

Posted on April 4, 2012 11:18 am GMT

Euro fell to a three-week low against the yen during European trading session, just a short time ahead of the European Central Bank meeting. Against the broadly stronger dollar, euro fell two a two week low.
A string of disappointing economic […]

Forex Review – Dollar weaker after Bernanke comments; gold hits 2-week high

Posted on March 26, 2012 7:03 pm GMT

The euro hit its highest level against the dollar in more than three weeks after being boosted by hopes that Germany will agree to beef up the euro zone rescue fund before the Ecofin meeting this Friday. Today German Chancellor […]

Forex Market Review – Euro rises above $1.32 on talks of increasing rescue fund

Posted on March 26, 2012 12:03 pm GMT

EURUSD was effectively unchanged overall after choppy trading during the European session, ending close to the session open levels.   EURUSD opened in Europe at 1.3256 after range trading during the Asian session. Better than expected German Ifo business sentient data […]

Forex Review – Dollar weakness lifts euro and commodities

Posted on March 23, 2012 8:20 pm GMT

Dollar showed weakness going into the U.S. trading session, declining against the euro and growth currencies like the aussie and kiwi, though flat against the CAD dollar, which was affected by CPI data.
EURUSD hit a three-week high of 1.3292 in […]