US Dollar Down After Disappointing Economic Data Slows Trading…

US Dollar Down After Disappointing Economic Data   On Thursday, the greenback was lower against most other major currencies, after a series of disappointing economic reports cast doubt over the possibility of a near-term rise in interest rates by the Federal Reserve. The US dollar index, which is a measure of the US currency’s strength […]

US Dollar Rises, Euro Falls, But Can You Count On That The Rest Of The Week?

US Dollar Rises, Euro Falls   Amid positive news on jobs and manufacturing in the US, and amid continuing angst over the fate of Greece, the greenback was up sharply on Wednesday while the euro declined. The US dollar index, which is a measure of the strength of the US dollar against a basket six […]

Jobs in The USA Are Good, Jobs In Greece, Not So Much….

Jobs in The USA Are Good, Jobs In Greece, Not So Much…. GBP/USD is currently trading at just about the 1.5700 level, GBP/EUR is trading at about 1.4110 as the market opens up this Wednesday morning. There’s not really too much new news over the course of the past 24-hours, as Greece has defaulted on […]

EURO Gets Smoked, ATMs Run Dry, Is It Time To BUY, BUY, BUY?

EURO Gets Smoked, ATMs Run Dry, Is It Time To BUY, BUY, BUY? GBP/USD is currently trading at about 1.5720, GBP/EUR is at about 1.4167, with GBP/EUR being a lot higher caught over 1.4300 this morning and the EUR/USD crashing down into the mid-1.0900s over the course of the Asian session as further bad news […]

German Business Confidence Jumps The Shark, Bad Omen For The EURO?

German Business Confidence Jumps The Shark, Bad Omen For The EURO?   On Wednesday, the US dollar index remained relatively steady, with the greenback largely unchanged against a basket of other currencies. Earlier in the session, the dollar had come under pressure, but managed to recover later in the day. Overall, the dollar index was […]

Forget Greece, Do You Have An ” Islamic Dinar ” Made of Gold?

Forget Greece, Do You Have An ” Islamic Dinar ” Made of Gold? We start the day all on round numbers as the GBP/USD is trading at about 1.5800, the GBP/EUR is up towards 1.4100, backed by Euro weakness which has seen us drop back 1.1200. The Euro PMIs yesterday came out slightly better than […]

Brussels Today and The Future of Greece Tomorrow…or Tonight?

Brussels Today and The Future of Greece Tomorrow…or Tonight? The week starts off with feverish focus on discussions around Greece with Sterling benefitting from some of the fallout, climbing above 1.5900 again the other night. The Euro strength suggests a deal is expected, holding around 1.1400 against the United States Dollar and 1.3950 versus the […]

Just Like We Called It, Yellen Won’t Go Hawkish With Greek Crisis Looming Soon…

Just Like We Called It, Yellen Won’t Go Hawkish With Greek Crisis Looming Soon… We start off with Sterling looking fairly well supported, up at 1.5648 for the GBP/USD pair. The GBP/USD has been a little bit higher and has been quite higher on the back of positive inflation print. Hence, we’re back in pre-1% […]

Greece Stares Over The Edge and US Housing Stats Could Surprise To The Downside…

Greece Stares Over The Edge and US Housing Stats Could Surprise To The Downside… GBP/USD is currently trading at about 1.5630, GBP/EUR is trading at about 1.3800 the figure, with GBP/EUR a little bit lower than where it was this time on Monday and GBP/USD is higher than where we were this time on Monday. […]

Friday’s Forex Market Is Gone Like The Wind, So Where Do We Start On Monday?

Friday’s Forex Market Is Gone Like The Wind, So Where Do We Start On Monday? The US dollar reached session highs in morning trading in the US, but then saw its value pared back despite positive news on consumer sentiment. The US dollar index, which is a measure of the strength of the greenback against […]