Posts published in March 2013

The Mexican peso advanced today as US durable goods orders grew in February faster than was expected, improving prospects for Mexican exports. The currency lost its gains as of now as the Forex market…

US dollar index is slightly lower today as choppy trading is the norm. Many currencies are trading mixed right now, and that includes the greenback. With concerns about the eurozone,…

The Great Britain pound dipped today after the CBI retail sales report showed that trading volumes were flat in March, while traders have hoped for growing sales. The currency was…

The Australian dollar was little changed today after yesterday’s gains as traders wait for the scheduled speech of Reserve Bank of Australia Governor Glen Stevens. Market participants hope that Stevens’ comments…

Forex market participants had hard time trading last week and it is not likely that this week will be in any way better. Uncertainty and confusion created by the situation…

The Canadian dollar advanced today as crude oil gained amid the positive market sentiment caused by the bailout deal for Cyprus. The currency trimmed its gains and fell against the yen as optimism was slowly…

Japanese yen is higher across the board today, gaining as Forex traders turn to safe haven in the wake of second thoughts about the Cyprus bailout deal. However, the ability of the yen to sustain its…

After losing ground to the euro earlier, the US dollar is back on top against its European counterparts. After re-thinking the Cyprus bailout, many Forex traders are less than enthusiastic.…

The Polish zloty gained today on the optimism about the bailout deal for Cyprus. Gains were contained by concerns that the rescue package will not be enough to resolve all the problems. Cyprus has…

The performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it…