Yesterday, the UK pound went on a tear, heading higher against the majors. Today, though, the tables have turned a bit. Sterling is lower almost across the board, and Forex traders are considering…
Posts published in July 2013
Euro Drops as ECB Board Member Reiterates Low Rates
Euro is heading lower today as indications for continued loose monetary policy from the European Central Bank continue to come. Euro has dropped a reasonable amount, but is still off…
Canadian dollar is getting a boost today as Ben Bernanke indicates that more stimulus is coming for the US economy. With the news that Fed tapering will likely be later…
US Dollar Plunges on Bernanke Remarks
US dollar is heading lower today, dropping as the latest economy related comments from Federal Reserve Chair Ben Bernanke put recent dollar gains into perspective. Dollar has…
Japanese Yen Strengthens on BOJ Expectations
Even though the Bank of Japan is in the midst of a rather large easing operation, the yen is finding strength today. This is due, in large part, to the fact that many Forex traders…
Euro Struggles after ECB Comments
Euro is struggling today. Even though the 17-nation currency is higher against the US dollar and the UK pound right now, it is having difficulty maintaining its gains, and there…
Loonie Finds Support in Recent Economic Data
Canadian dollar is finding support in recent economic data today. Loonie is up against its major counterparts, including the greenback, as better news out of Canada supports the currency, and as a touch…
US Dollar Strengthens as Earnings Kick Off
US dollar is strengthening today following the earnings kick off for the second quarter. With good news from Alcoa building on last week’s strong jobs data, dollar is finding…
Yen Continues to Show Weakness
Japanese yen continues to show weakness today, although it is showing some gains against a weak US dollar. For the most part, though, yen is likely to remain vulnerable against…
Uncertain Greek Outlook Doesn’t Phase Euro
After last week’s crash, the euro appears to be starting this week on a slightly better note. Even with uncertainty surrounding Greece, the euro is managing to log gains today. Concerns…