Posts published in January 2016

Yen Continues to Surge on Safe Haven Demand

Yen is higher against other major currencies today as safe haven demand continues to drive Forex traders. With the uncertainty right now, yen is preferred for its stability and safety.…

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Pound Ignores Supportive Construction Data

The Great Britain pound fell today, extending its decline versus the US dollar for the sixth consecutive trading session. The construction report released from the United Kingdom today was solid, but…

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Euro Extends Move Down for Third Day

The euro extended its move down against the US dollar and the Japanese yen for the third straight session today as the eurozone inflation came out below analysts’ expectations. The flash eurozone inflation was…

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Australian Dollar Logs Small Gains

The Australian dollar bounced today following yesterday’s rout due to bad news from China. The gains were limited, though, and far from being enough to erase the Monday’s decline. China injected…

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