The dollar has came under substantial pressure in European trade as stronger than expected Chinese data further fueled the rally in Asia Pacific. Here are the key levels to watch on the AUDUSD and USDJPY. Read More Chinese Data Eases Growth Concerns USD Suffers as Risk Picks Up
The Canadian dollar fell yesterday and continued its decline today against the US currency and the Japanese yen as optimism evaporated from the Forex market. Canada’s currency jumped versus the euro.(…)Read the rest of Canada’s Dollar Suffers from Risk Aversion (128 words) Posted on Forex News. Read More Canadas Dollar Suffers from Risk Aversion
The Canadian dollar weakened today after stocks declined as traders speculated that the European leaders would experience problems on their way to drag the European Union out of crisis.(…)Read the rest of Traders Feel Doubts About EU Rescue Plans, CAD Suffers (138 words) Posted on Forex News. Read More Traders Feel Doubts About EU Rescue Plans, CAD Suffers
The US dollar fell against other major currencies, including the Great Britain pound and the Japanese yen, today after the non-farm payrolls showed that job creation in the US stalled. The currency also slipped against the euro, but later rebounded.(…)Read the rest of US Dollar Suffers From Terrible Nonfarm Payrolls (114 words) Posted on Forex News. Read More US Dollar Suffers From Terrible Nonfarm [...]
The Dow Jones FXCM Dollar Index remains on the deffensive as a surge in risk appetite saw traders chase yields amid thin volume. The losses come ahead of key data this week culminating with the Non-Farm Payroll report on Friday. Read More Stocks Surge as the Dollar Suffers Ahead of Key Data this Week
EURUSD: New Selling Opportunities Sought USDJPY: Long-Term Reversal Looms Ahead GBPUSD:Head and Shoulders Marks Upturn USDCAD: Bounce Hinted Above 0.94 Level AUDUSD: Range Intact Below Record High NZDUSD: Bulls Set Sights on 0.87 Figure Read More US Dollar Suffers BroadBased Setback vs Major Currencies
The US dollar weakened today, falling to the lowest level in almost a week against the euro, as hopes that the European leaders would find a way out of crisis diminished need in safe currencies.(…)Read the rest of Optimism for Europe Returns, Greenback Suffers (104 words) Posted on Forex News. Read More Optimism for Europe Returns, Greenback Suffers
The US dollar fell today against all most-traded currencies after Federal Reserve Chairman Ben S. Bernanke suggested that the Fed is ready to continue the quantitative easing if necessity for more stimulus would arise.(…)Read the rest of USD Suffers from Bernanke Rhetoric (96 words) Posted on Forex News. Read More USD Suffers from Bernanke Rhetoric
Financials and commodity stocks led a sharp fall on Britain’s FTSE 100 on Tuesday as nervous investors extended a recent sell-off on heightened worries that Europe’s debt problems would spread beyond Greece, Portugal and Ireland. Read More FTSE 100 suffers sharp fall on euro contagion fears
The Australian dollar weakened as the unending troubles in Europe drove stocks and commodities to the downside, reducing appeal of currencies linked to economic growth.(…)Read the rest of Australia’s Dollar Suffers from Europe’s Problems (104 words) Posted on Forex News. Read More Australias Dollar Suffers from Europes Problems
Forex Boy