Posts published in June 2012

The major even, leading the Forex market this week, was the summit of the European Union leaders on June 28–29. The weakness of the euro, which was prevailing for the most part of the week, was erased by the end…

The Swiss franc advanced, following the euro in gains. The Swissie fell versus the shared European currency itself, but quickly recovered and ended the session flat. The European summit and agreements that European politicians…

The Canadian dollar jumped against the US dollar and the Japanese yen, demonstrating the biggest advance this year, as risk appetite ruled the Forex market after the conclusion of the two-day EU summit. The currency closed…

Today, it’s all about the better news out of Europe. US dollar is pulling back against high beta currencies as the news that the EU summit might have accomplished something…

The Czech koruna rallied today, profiting from the general positive sentiment on the Forex market, even after the Czech central bank decided to lower interest rates. The Czech National Bank lowered its…

Japanese yen is sliding as risk appetite rises on unexpectedly good news out of Europe. The fact that there has been something resembling progress has led to an increase in risk appetite,…

The euro sharply rebounded today as the European Union summit surprised Forex market participants as some positive results already came out, giving hope that the meeting would not consist of just…

The Great Britain pound weakened as the United Kingdom entered recession, bolstering the case for the Bank of England to ease its monetary policy further to aid the struggling economy. Britain’s gross domestic product shrank…

The euro fell today against the US dollar for the fourth straight day even as a two-day meeting of European leaders has started. The currency was also down versus the Japanese yen, but climbed…

Canadian dollar is struggling today, especially against the US dollar, as concerns in Europe, as well as uncertainties elsewhere weigh on riskier assets. As equity markets fall, and commodities pull back, high beta…