Best Forex Trading Signals
Whilst a hint of positive news flowed out of China yesterday when the Central Bank announced their third reduction in banks reserve requirements since November, efforts designed to eliminate the chance of a hard landing took a back seat to ongoing fears that Greece may be set to leave the Eurozone. Given Greece’s inability to [...]
Continue Reading →The euro has fallen to its lowest level since January 23 as ongoing uncertainty surrounding Greece’s next parliament dampens risk appetite. There are now talks that another election may need to take place early next month and the risk remains the resultant government will anti-austerity and potentially force the exit of Greece from the euro-zone. [...]
Continue Reading →The Euro has pared yesterday’s losses against the Greenback as the nervousness and uncertainty that send markets lower calmed. Although the uncertain political environment in Europe remains, along with concerns over US economic growth, markets deemed the severity of the sell off unwarranted and the Greenback has given back some of its gains. Gaining a [...]
Continue Reading →A weaker than expected non-farm payroll figure on Friday sent markets into a tailspin with investors flocking back to the relative safety of the Greenback, Yen and US Treasury bonds. Reporting the addition of 115,000 jobs during the month of April, many are saying the increase is in line with sluggish economic growth of the [...]
Continue Reading →In another busy day across markets, the euro weakened for a third straight day against the dollar after disappointing German employment figures triggered a move away from the 17-Nation shared currency. After opening the day at a rate of 1.3235 against its US Counterpart a euro-area manufacturing report which showed the largest contraction in nine [...]
Continue Reading →Public Holidays throughout Europe overnight has helped add to the positive flavour across markets as US Stocks advanced yesterday, sending the Dow Jones Industrial Average to its highest level since December 2007. Helping drive the good news story the majority of major indexes were pushed higher following a manufacturing report out of the US which [...]
Continue Reading →Greenback weakness has remained the theme following Thursday’s FOMC monthly meeting. Markets were seemingly disappointed that Bernanke was not yet willing to rule out further easing measures completely and thus the US dollar has faltered accordingly. USD/JPY fell to one week lows of 80.66 before recovering to levels barely above 81.00 as investors remember the [...]
Continue Reading →The euro dollar has tumbled from recent highs above 1.3200, as uncertainty surrounding French and Dutch parliaments combine with a slowing manufacturing sector in the indebted euro-zone. French President Nicholas Sarkozy narrowly lost the first round of the election on Sunday and followed by the collapse of budget talks in the Netherlands, which prompted Dutch [...]
Continue Reading →Strong demand for Spanish bonds failed to set the groundwork for a risk rally last night as a widening of the premium on French over German 10-year bonds drew focus away to another area of the euro-zone. Although Spanish 10-year yields rose to higher than that of their previous auction, they remained below 6% at [...]
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