Forex Market News

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  Euro Rises on Tougher Basel III Bank Rules

  September 20, 2010 at 4:57 PM • Comment

  The Basel Committee of Banking Supervision or BCBS tentatively penned the sequel to its previous Basel II banking guidelines over the weekend that ended September 12th. Known in the market as Basel III, the... Read More

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  Central Bank Monitor: RBNZ Leaves Rates at 3.00%, FOMC Decision Coming Up

  September 20, 2010 at 4:53 PM • Comment

  Besides the BOJ's notable forex market intervention to bring down the Yen in the currency markets, other central banks were also in the news last week. These included the RBNZ, which came out... Read More

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  BOJ Intervention Stems Yen's Rise After Election Confirms Kan

  September 20, 2010 at 4:51 PM • Comment

  The Bank of Japan officially intervened in the currency markets for the first time since 2004 last week. The move to intervene was prompted by the continuing rise of the Japanese Yen which... Read More

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  Major Forex Market Movers Last Week - 9/20/2010

  September 20, 2010 at 4:45 PM • Comment

  The U.S. Dollar turned in a dismal performance last week against the most of the major currencies. Nevertheless, the Greenback managed to rise slightly against the New Zealand Dollar in the wake of... Read More

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  Fed Rate Announcement Set To Move Markets On Tuesday

  September 20, 2010 at 4:30 PM • Comment

  The Dollar has been very strong during the New York afternoon session as traders get ready for the Federal Reserve interest rate announcement and FOMC statement tomorrow afternoon.  Late last week, risk appetite... Read More

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  Weekly Recap and Outlook for USDJPY - 9/20/2010

  September 20, 2010 at 3:55 PM • Comment

  USDJPY experienced considerable action in last week's trading, in spite of minimal economic data being released from Japan. The pair began last week with a soft tone during Monday's session as the Yen... Read More

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  Weekly Recap and Outlook for USDCAD - 9/20/2010

  September 20, 2010 at 3:39 PM • Comment

  USDCAD continued trading within its recent triangle consolidation pattern last week. The rate stayed within a fairly tight 1.0215 to 1.0349 range, with competing fundamental factors keeping the rate relatively stable. The week started... Read More

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  Weekly Recap and Outlook for NZDUSD - 9/20/2010

  September 20, 2010 at 3:36 PM • Comment

  NZDUSD saw volatile trading conditions prevail last week, as the rate moved sharply within a 0.7213 to 0.7392 range. The rate began the week by trading higher in spite of news that a... Read More

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  Weekly Recap and Outlook for GBPUSD - 9/20/2010

  September 20, 2010 at 3:31 PM • Comment

  GBPUSD pushed higher last week, initially trading with a positive tone on Monday after U.K. Nationwide Consumer Confidence moved up to the 61 level that compared favorably with its former 56 level. This... Read More

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  Weekly Recap and Outlook for EURUSD - 9/20/2010

  September 20, 2010 at 3:28 PM • Comment

  EURUSD recovered considerably in last week's trading, initially rallying from its weekly low point at 1.2703 seen on Monday. The Euro gained support from the announcement by the Basel Committee of Banking Supervision... Read More