Forex Trading » Forex News

GBP/USD’s Test of Resistance May Offer Scalping Opportunity

John Rivera — Tue, 27 Jul 2010 15:59:45 +0000

Pound support continues to gather steam as U.K. banks received passing grades following stress tests and improving fundamentals point toward continues growth. Concern had been that the government’s efforts to reduce the budget could put the economy at risk for a double dip recession.

Dollar Rises vs. Yen & Euro

NewsInspector — Tue, 27 Jul 2010 15:54:19 +0000

The U.S. currency strengthened today against the euro and the Japanese yen as the macroeconomic indicators suggested that the U.S. economy is recovering. The dollar dropped versus the Great Britain pound.(...)
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Euro Rallies to the Highest Level Since May, Basel Committee Introduces New Banking Restrictions

Michael Wright — Tue, 27 Jul 2010 13:40:16 +0000

The Basel Committee announced that it will allow certain assets such as minority stakes in other capital firms to be regarded as capital, and went onto propose a leverage ratio for the first time.

Euro, British Pound Advance Following Relaxed Rules For Basel III

David Song, Currency Analyst — Tue, 27 Jul 2010 11:52:25 +0000

The Euro extended the advance from the previous week and rallied to fresh monthly high of 1.3035 as investors raised their appetite for risk, but near-term rally appears to be tapering off ahead as global policy makers take further steps to increase financial regulation.

Swiss Franc Falls as Stocks Rally and Recovery Continues

NewsInspector — Tue, 27 Jul 2010 11:02:53 +0000

The Swiss franc weakened today versus the U.S. dollar and the euro as the U.S. and the European economies show signs of recovery, damping demand for the franc as the safe currency and drawing the investors to the riskier assets.(...)
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Yen Weakens on Signs of Recovery

NewsInspector — Tue, 27 Jul 2010 09:20:00 +0000

The Japanese yen declined today against the U.S. dollar and the euro as the signs of the economic recovery in the U.S. prompted the investors to leave the safe currencies in favor of the higher-yielding ones.(...)
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Crude Oil Takes a Breath, Gold Probing Recent Lows

Sumit Roy Ilya Spivak — Tue, 27 Jul 2010 05:10:47 +0000

Crude oil is slightly lower ahead of tomorrow's U.S. Consumer Confidence figures. The bias remains higher, but a bit of consolidation is possible before prices attempt to breach the psychological $80 level.

Euro Taps One-Week High as Risk Appetite Holds Up in Asian Trade

Ilya Spivak — Tue, 27 Jul 2010 04:41:52 +0000

The Euro hit a one-week high against the US Dollar as risk appetite held up overnight. A tame European calendar puts the onus on US consumer confidence data and another round of second-quarter earnings reports.

Opening Comment 07.27

Joel Kruger — Tue, 27 Jul 2010 04:33:21 +0000

Quite often, it is the times that investors least expect it, that the markets will once again shift and assume a different course.

Dollar Slips to a Fresh Two-Month Low as Speculators Ignore Friday’s Questionable Fundamentals

John Kicklighter — Tue, 27 Jul 2010 00:42:14 +0000

• Dollar Slips to a Fresh Two-Month Low as Speculators Ignore Friday’s Questionable Fundamentals
• Euro Seemingly Unfazed by Stress Test Results, Though One Slip Could Trigger Fear
• British Pound Weathers a Cooling in Housing Prices, Turns to Retail Sales Activity
• Australian Dollar Offered a Mixed Forecast of Upcoming CPI Data
• Japanese Yen Holds Steady Despite Positive Risk Trends Behind Equities
• New Zealand Dollar Forges New Highs as Interest Rate Expectations Pick up the Slack in Risk Trends