Posts published in July 2013

UK Pound Pulls Back after Yesterday’s Gains

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…

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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…

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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…

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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…

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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…

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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…

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