EUR/USD Falls to 1.3260 During Trading Session

Friday, April 30, 2010

The two currencies that seemed to be enjoying a field day right across the board of currencies are the yen and the dollar. Both these currencies seemed to rise against several major currencies while on the other and the stocks in the market fell down sharply and the treasury yields seem to have risen sharply [...]

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Greece Aid Causes Turmoil in Euro vs USD trading

Wednesday, April 28, 2010

During Wednesday’s trading session, the euro seem to have hit its one year low trading mark, and this came about since investors were not to happy about what was happening on the Greece debt crisis, and fretted that it could spread after the credit ratings of Portugal as well as Greece was downgraded.
The euro fell [...]

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US Dollar Gains Against Major Currencies

Wednesday, April 28, 2010

During Tuesdays trading at the forex market the US dollar seemed to be rising against most of the other major currencies and this was after the Federal Reserve chairman Ben Bernanke had given a warning about the failure of the cut that the federal budget deficit would put the US economic recovery that was at [...]

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Greece Need Strict Measures Apart From Relief Fund

Monday, April 26, 2010

Greece’s failing economy has the IMF stepping in apart from the help that will receive from the Euro zone as well. According to Lagarde who says, “Great strictness” will come about with the aid given to Greece. The French minister also mentioned that Greece had not honored its commitments.
If the euro zone wants to [...]

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USD/CAD Closes at 0.9988 on Friday

Monday, April 26, 2010

The CAD above the USD equality this took place during last weeks trading where it hit a 22 month high, and this was amongst the increasing commodity price rises along with the speculation that Canada’s central bank would increase the interest rates
The trading pair of the USD/CAD had reached a level of 0.993 during [...]

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US Legislation to Prevent China from Manipulating Currency in Its Favor

Sunday, April 25, 2010

The US legislation is all out to prevent china from manipulating its currency by bringing in duties on Chinese products. This move is said to drag in a lot of support from the US Senate, Senate the Co-author for the Senator Lindsey Graham had mentioned this on Thursday.
She told the US Senate Banking SubCommittee on [...]

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RBA Stevens Comments Pulls in Further Losses for AUD

Sunday, April 25, 2010

The Australian RBA governor Glenn Stevens reportedly spoke about the interest rates and said that they are “pretty close” to the average that was at 10 -12 points. He further added that the decisions on what the future interest rates would be are an “open question.” As soon as Glenn Stevens speech was published and [...]

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NZD does well against USD

Friday, April 23, 2010

Thursday’s trading session in the forex market saw the New Zealand currency the kiwi rise to the highest it had ever been the past three days against the US dollar. This came about after the International Monetary Fund’s forecast for any kind of financial expansion in the South Pacific had been increased, as they felt [...]

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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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