Best Forex Trading Signals
Comments, or lack thereof, by Chairman of the Federal Reserve Ben Bernanke pushed the Greenback higher overnight, as his half-yearly testimony before the House Banking Committee suggested little in the way of further quantitative easing. The Dollar index, used to track the Greenback against six of its major trading partners, rose half a percent on [...]
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This is the actual Forex broker statement of our February 2012 Best Forex Signals trades. The name and account number have been removed for privacy reasons.
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Retail sales figures boosted the Japanese Yen during its local session on Tuesday as January numbers outpaced December by 1.9%. Pushing back against the US Dollar, the Yen moved back closer towards the 80.00 handle although it was not able to move below. During North American trade US consumer confidence posted an impressive 70.8, up [...]
Continue Reading →The Euro has fallen back from two-and-a-half month highs reached at the end of last week, paring losses throughout Monday as markets begin to express concern as to the true impact of the Greece bailout funds. Moving to touch an overnight low of 1.3365, the shared currency gained little support after Germany’s lower house voted [...]
Continue Reading →It was a very quiet Asian session on Friday for the Euro, with the shared currency trading in a tight range against the greenback barely moving 5 pips either side of 1.3370. The Japanese Yen was the main mover of the morning with bullish momentum continuing to take the safe-haven pair to resistance around 80.60. [...]
Continue Reading →Seven months of negotiations finally came to an end in Brussels overnight where European Finance ministers approved a 130 billion-euro bailout package for Greece. The deal included a 53.5 percent write down for private bondholders as well as tapping into ECB profits to help provide relief. Despite the stalemate finally ending European Stocks fell from [...]
Continue Reading →The Euro has broken higher overnight after subdued risk sentiment kept the single currency under pressure for most of the day. Not before falling below the 1.3000 mark to lows of 1.2980, a combination of Greek developments and US fundamentals worked together push the risk switch back to the ‘ON’ position. Helping the Euro gain [...]
Continue Reading →The S&P 500 lost 0.6 percent in overnight trade with Global Markets finishing across the board lower. The main driving force behind losses over the past 24 hours has again come out of Greece where EU finance ministers have pushed Greek Parliament for further reassurances that the full-extent of any potential bailout package will be [...]
Continue Reading →The Dollar and Yen slipped against their higher-yielding counterparts yesterday, with the euro pushing back towards Friday’s highs after Greek Prime Minister Lucas Papademos won parliamentary approval for a series of austerity measures required to receive the country’s next tranche of bailout funds. The Euro rallied to 1.3280 against the Greenback and 103.15 against the [...]
Continue Reading →With markets in a risk-off tone on Friday, the Euro Dollar’s opening value of 1.3290 was the highest level seen of the day. Drifting towards 1.3280 throughout the Asian session, the shared currency was pushed lower against the US Dollar on a report showing China’s exports and imports fell for the first time in two [...]
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