Forex Market News

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  Weekly Recap and Outlook for NZDUSD - 6/21/2010

  June 22, 2010 at 10:07 AM • Comment

  NZDUSD was also among the biggest gainers last week, with risk appetite propelling the currency higher. The pair began the week trading off of its weekly low of 0.6888 on Monday as New... Read More

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  Weekly Recap and Outlook for EURUSD - 6/21/2010

  June 22, 2010 at 9:50 AM • Comment

  EURUSD continued higher last week as positive results from Spanish and other Euro bond markets helped traders set aside concerns over the Spanish sovereign debt situation. The pair started the week by trading... Read More

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  Weekly Recap and Outlook for GBPUSD - 6/21/2010

  June 22, 2010 at 9:43 AM • Comment

  GBPUSD continued its corrective rally as the U.S. Dollar declined further last week. The rate began the week by trading off of its weekly low of 1.4521 made on Monday as the Confederation... Read More

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  Weekly Recap and Outlook for AUDUSD - 6/21/2010

  June 22, 2010 at 9:32 AM • Comment

  AUDUSD continued benefiting from growing risk appetite last week and rallied sharply. Beginning the week with a Bank Holiday in Australia, the RBA released its June monetary policy meeting minutes on Tuesday. In... Read More

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  Weekly Recap and Outlook for the U.S. Financial Markets and Dollar - 6/21/2010

  June 22, 2010 at 9:25 AM • Comment

  The U.S. Dollar continued its consolidation last week falling against all the major world currencies and down especially against the commodities dollars of Australia, New Zealand and Canada. The risk aversion previously prevalent in... Read More

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  The Main Headline of Today is the Declaration by the PBC that it Will Resume the Managed Appreciation of the CNY

  June 21, 2010 at 3:49 PM • Comment

  To put this in perspective, here are two relevant set of quotes. The first is from remarks of the Central Bank's Spokesperson relating to the pace and scope of the changes in China's... Read More

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  Gold Continues to Rise as S&P 500 Fails to Rally

  June 18, 2010 at 4:18 PM • Comment

  There are no particularly bad news today, but the ominous atmosphere of background issues which are ever-present in traders' minds does not allow vigorous upside action. There is a lot of speculation about... Read More

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  Spanish Officials Attempt to Calm Financial Aid Rumors

  June 18, 2010 at 10:02 AM • Comment

  Concern has recently grown in financial markets that Spain may soon be following in Greece's footsteps when it comes to having sovereign debt troubles that may require an external financial aid package. Spanish Prime... Read More

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  EU Summit Addresses Widening Financial Concerns

  June 18, 2010 at 9:56 AM • Comment

  European leaders from each of the 27 member countries in the European Union trading bloc met in Brussels on June 17th to discuss a number of major issues facing the region. A major... Read More

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  Is it a Good Idea to Force China to Appreciate the Yuan?

  June 17, 2010 at 4:55 PM • Comment

  There are two trends in currency markets these days, and they will be hastened and strengthened by the trend changes in the coming years. One is the rebalancing of global imbalances, which leads... Read More