The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.(…)Read the rest of Brazil’s Real Down as Traders Await End of Greek Troubles (67 words) Posted on Forex News. Read More Brazils Real Down as Traders Await End of Greek Troubles
The market remains positive on the recent developments in Europe, supporting risk across the board. EURUSD continues to feel heavy falling to 1.3026 from yesterday’s high of 1.3212. In China manufacturing PMI had a strong print coming in at 50.5 vs. 49.6 exp. The fact that the EU summit ended Read More Traders Watching EURCHF [...]
The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit. Read More FOREX Yen Outperforms as Traders Look Past US GDP to EU Summit
Following the Federal Reserve’s announcement yesterday, the Euro again rallied against the U.S. Dollar, and is now trading higher today at 1.3156. On the OpenBook, traders who had expected the Euro to pullback are rethinking their positions. Trad 29 Vote(s) Read More ECB Frets over Greek Bonds as Traders Resume Bearish Posture
Forex traders are looking for a little direction today, and, as a result, the US dollar is mixed. Greenback is higher against the euro, thanks to fresh concerns about the Greek debt situation, but lower against the Great Britain pound. With Fed heading into a two-day meeting, many are waiting to see what policy announcements will be made. (…)Read the rest of US Dollar Mixed as [...]
Hungary was forced to cancel a bond swap auction amid an escalating financial and political crisis that investors fear could trigger another dangerous shockwave in Europe. Read More Hungary faces crisis as traders fear bond debt default
The torrent of better than expected manufacturing figures released this week managed to spur a second day of gains for most equity markets in the region. However, the lack of headline data released during the session likely kept a lot of investors on the sidelines, and as a result we Read More Traders in Asia [...]
Find out the biggest mistakes traders make, and what you can do to avoid them. DailyFX has released a special series of research articles useful to any trader. Read More What Are the Traits of Successful Forex Traders
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Traders Brush Away Tombini Comments, Brazilian Real Surges
Momentum for Brazilian Real buyers continues. Since the beginning of the month, Latin America’s fastest growing economy’s currency has shown a lot of resilience to the current recessionary conditions plaguing the country – appreciating by a str 41 Vote(s) Read More Traders Brush Away Tombini Comments, Brazilian Real Surges
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