USD continues to advance as markets remain risk averse as European concerns elevate. The buck is also gaining on the back of technical momentum with the break of key levels across the major currencies and 11-months highs in the Dollar Index. Global equities are trading lower and UST yields continue Read More USD Upward Momentum [...]
Posted in FX News | Tagged aversion, continues, momentum, on, risk, upward, usd
Not much action on the day so far as risk appetite has waxed and waned rising a bit as the European trading session managed to shrug off overnight weakness in Asia but then finding resistance as EU peripheral debt spreads widened a bit from their tightest levels by later Read More EU Waiting Game Continues [...]
Posted in FX News | Tagged about, but, continues, eu, eurchf, game, move, ready, to, waiting
US dollar is heading higher on?the?Forex market, gaining as?traders look for?safe haven in?the?face of?more European troubles. This time, it’s a?credit rating cut for?Belgium. (…)Read the rest of US Dollar Gains as Europe Continues to Struggle (151 words) Posted on Forex News. Read More US Dollar Gains as Europe Continues to Struggle
Posted in FX News | Tagged as, continues, dollar, europe, gains, struggle, to, us
Euro continues to?tumble in?Forex trading, dropping as?the?news out of?Europe continues to?disappoint traders everywhere. Yesterday, euro showed some spunk, but, once again, the?17-nation currency has been able to?hold on?to?any gains. (…)Read the rest of Euro Continues to Tumble (151 words) Posted on Forex News. Read More Euro Continues to Tumble
Posted in FX News | Tagged continues, euro, to, tumble
The Dow Jones FXCM Dollar Index (Ticker: USDollar) advanced for a second consecutive day as European headlines continue to weigh on risk. The index now looks for a break above daily resistance. . Will we get it? Read More US Dollar Rally Continues Index Eyes Key Resistance
Posted in FX News | Tagged continues, dollar, eyes, index, key, rally, resistance, us
The euro extended its decline today as the fundamental data suggested the economy of the European Union worsened, spurring the speculation that the problems of the EU are too big to be resolved in the near future.(…)Read the rest of Euro Continues Decline as EU Economy Worsens (157 words) Posted on Forex News. Read More Euro Continues Decline as EU Economy Worsens
Posted in FX News | Tagged as, continues, decline, economy, eu, euro, worsens
Japanese yen continues to strengthen, prompting Prime Minister Yoshihiko Noda to assure Japan’s parliament that leaders are ready to intervene if it becomes necessary. (…)Read the rest of Yen Continues to Strengthen (148 words) Posted on Forex News. Read More Yen Continues to Strengthen
Posted in FX News | Tagged continues, strengthen, to, yen
With all the uncertainty about the outcome of the coming European Union summit Forex traders remembered that the Swiss franc was considered a safe currency and flocked to the Swissie in search of a refuge from the market volatility.(…)Read the rest of Franc Continues to Profit from Troubles in Europe (128 words) Posted on Forex News. Read More Franc Continues to Profit from Troubles in Europe
Posted in FX News | Tagged continues, europe, franc, from, in, profit, to, troubles
U.S. Dollar Trading (USD) the market was up and down with conflicting headlines out of Europe concerning the weekend summit could end without a resolution and that it would be pushed back to Wednesday next week. A more positive headline on potential combining of existing rescue funds sparked a rally Read More The European Crisis [...]
Posted in FX News | Tagged continues, crisis, european, the
USD continues to firm as markets remain risk averse and growth concerns come into focus following softer China 3Q GDP figures (real GDP y/y came in at 9.1% the lowest in 2yrs). Asian equities finished in the red and European bourses are lower across the board. The buck is Read More USD Bid as Riskoff [...]
Posted in FX News | Tagged as, bid, continues, riskoff, usd
