The Spanish Downgrade Causes a Stir in The GBP/USD

Thursday, April 29, 2010

The trading pair of the GBP/USD in Wednesdays trading market found a bit of resistance that helped it climb up to go beyond the level of 1.5210. The trading pair had shown in the past few days that it couldn’t manage to keep to a level and continued on a daily slide to get to [...]

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Dollar Stumbles Against its Rivals After New Greek Aid is Reported

Thursday, April 29, 2010

During Wednesday’s trade the US dollar seemed to fall against several of the major currencies. This was a huge contribution of the euro zone nations report on the IMF who were all ready to give Greece an aid package to clear its debts; however the aid that will be given to them is expected to [...]

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AUD Falls To 2 Day Low against USD

Tuesday, April 27, 2010

The Australian dollar had stooped from its earlier level against the US dollar its counterpart in Tuesdays trading, and this was considered to be the 2nd day low largely because of the commodity prices that fell and that was even ahead of the key consumer sentiment data that the US had released.
The trading pair of [...]

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US Consumer Confidence Data Brings About Parity in EUR/USD

Tuesday, April 27, 2010

The euro had pared some of it losses in today’s trade market against the US dollar, it managed to move back to above the much wanted level of 1.33 mark and this was after a report was released showing that the consumer confidence in the US had increased to a higher percentage than what was [...]

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US Home Data Released On Thursday Shows Improvement

Monday, April 26, 2010

The industry data that was released on Thursday by the US showed that the U.S homes grew even faster than what was expected of it in March.
According to the report that was released by the National Association of Realtors who also mentioned that the number of sales had increased b y6.8% and this was a [...]

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Moody’s Reaction on Euro Trade Market Bring Euro Further Down

Sunday, April 25, 2010

The Asian markets today are said to be trading heavily on the sell tone ion markets. Investors don’t seem to be very happy about the increasing debt crisis that Europe is facing. The euro fell even further during Thursday’s trading session and this was largely as a reaction to how Moody had downgraded the government [...]

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GBP/USD reaches a Four Day High

Friday, April 23, 2010

The European session of forex trading seen that the pound had managed to gain itself against the US dollar. The pound was seen to be doing well for itself during this entire week and today’s trading showcased a 4 day high although it was much ahead of the data that was to be released on [...]

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Euro Rises Against USD Despite Wait for Trading Criticism from Obama

Thursday, April 22, 2010

During Thursdays trading at the Forex market the euro seemed to gain itself against the US dollar, and all this happened while regular traders patiently waited for the US President Barack Obama in New York to deliver his speech. They were infact waiting to know about what he had to say, since the US President’s [...]

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GBP/USD Moving about the 1.5360 level

Thursday, April 22, 2010

Wednesday’s trading seemed to be a downer for the trading pair of the GBP /USD. The pound did not do well as expected and instead managed to loose most of the gains that it had managed to gather up on Tuesday against the dollar. It had an impressive climbs in context with the pips where [...]

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Major Currencies Do Well Against USD

Wednesday, April 21, 2010

The earlier Asian Session of forex trading showed that it was an excellent chance for the market to down play the risks as most of those who had invested in it had gotten some advantage because of the low quotes and hence went on a buying spree which eventually gave them assets that were of [...]

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