Gold Rebounds on Euro Gains - October 16, 2012 22:02

Yesterday’s flush of Gold down to $1730 served to be a wake-up call to the bulls who had been lying in wait for a further correction.  Their patience was rewarded.  With the Euro, however, moving back over the $1.30 level today that made it difficult for the bears to hold the price down below $1740.For […]

Euro Ends the Week Flat, Awaits Spain’s Capitulation - October 13, 2012 0:32

As we enter the winter it looks like we are going to be treated to another season ofWill They, Won’t They in which another Euro-zone country on the verge of defaulting on its sovereign debt attempts to wriggle out of its self-imposed straight jacket of debt.  Last season it was Greece, this year the series […]

Forex Outlook for the Week Ending October 12th, 2012 - October 9, 2012 23:49

Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under: On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor […]

US Dollar Reaches its Highest in Seven Months Vs. the Japanese Yen - February 23, 2012 21:57

The greenback gained versus its major rivals on Wednesday while reached its record high in seven months against the Japanese yen. The single currency also declined in reaction to weaker than expected euro zone economic data. The greenback jumped to 80.24 against the Japanese yen on Wednesday as compared to 79.73 on Tuesday’s late trading […]

Euro Gains as European Partners Decide to Finalize the Bailout Package for Greece by Next Week - February 17, 2012 22:18

The euro gained on Friday in reaction to the news that Greece’s European partners will finalize a deal for the second bailout package by the next week. Director of currency research, Boris Schlossberg from GFT commented, “The euro rose as markets became convinced that the ongoing negotiations for the Greek bailout will finally conclude next […]

Forex Trading: Weekly Outlook - February 1, 2012 14:05

Major economic events to affect the forex markets for the week ending February 3rd, 2012 are as follows: On Monday, in euro zone, data on German consumer price index was released. Data on consumer confidence and business climate indicator was also released in the euro zone. In United States, data on personal consumption expenditure was […]

Weekly Forex Outlook - January 25, 2012 23:48

Major economic events which have a significant impact on the forex markets for the week ending January 27th, 2012 are as under: On Monday January 23rd, 2012, report on consumer confidence was released in euro zone. In Canada, index of leading economic indicators was released while in Australia, government data on producer price inflation was […]

Major Economic Events to Affect the Forex Markets - January 18, 2012 23:57

On Monday, stock markets in United States remained closed in observance of the Martin Luther King Jr. Day. In euro zone, European Central Bank’s President, Mario Draghi appeared before the European Parliament’s Economic and Monetary Affairs Committee. In United Kingdom, industry report on house price inflation was published. In Japan, official data on core machinery […]

Economic Events to Affect the Forex Markets - January 10, 2012 19:54

Major economic events for the week ending January 13th, 2012, which have significant impact on the forex markets are as follows: On Monday, report on investor confidence was reported in the euro zone region along with data on German industrial production. In United States, member of Federal Open Market Committee, Dennis Lockhart is to address […]