Forex Markets

The Dow Jones gain of 80 points yesterday revamped the EUR/USD rally with a new high recorded at 1.4625. The pair has since retreated to 1.4590 - see chart. Without question, the YEN has been the big winner in the last 24 hours raising by over 100 pips against both the USD and the EUR. The USD/YEN...

After a quiet holiday‘s trading, the USD fell dramatically overnight against all the other majors with the Euro hitting a yearly high at 1.4490, see chart, and the GBP reaching 1.6570. The higher yielding currencies benefited from a general increase in traders’ confidence that sparked a renew...

The smallest monthly drop in Non-Farm Payrolls in 12 months fueled a EUR/USD surge last Friday afternoon -see Chart. This trend continued overnight supported by claims printed in the UK Daily Telegraph that China was worried about the level of US money printing. In addition, early this morning Euro...

. EUR/USD crashed yesterday despite very good US fundamental data releases breaking through its support at 1.4225 as predicted by my yesterday’s post - see above EUR/USD Chart. Earlier this morning, the Euro-zone posted 2Q GDP at -0.1%, a 2Q Household consumption rise to 0.2% and a Gross Capital...

In August, the UK National home prices leaped to 1.6% against the forecasted 0.5% However, the GBP/USD continued its fall maybe because of the lingering worry that small UK businesses are unable to obtain the credit needed to support new opportunities. Meanwhile, Germany's Consumer Confidence...