ForexMarket Info

Forex News and Commentary

• EUR: Don't Expect Much From G8 May 18, 2012
  It has been an extremely tough week for the EUR/USD. On Monday, one euro was worth 1.29 U.S. dollars and during the early European trading session, the value of one euro dropped to as low as 1.2641. The currency pair came within a whisker of its year to date low and if not for the excitement of the Facebook IPO in the early NY trading session and an end of t […]
• Mood in FX Improves Thanks to Facebook IPO May 18, 2012
  The excitement of Facebook's IPO this morning overshadowed the market's ongoing concerns about Europe. The euro recovered all of its losses against the U.S. dollar overnight and is now higher against the greenback in anticipation of a positive open for US stocks. […]
• Risk FX Consolidates in Quiet Trade May 17, 2012
  A very quiet night of trade in the currency market due to Ascension day holiday in Continental Europe with EUR/USD consolidating its recent losses while cable saw more selling pressure on some dovish comments by David Cameron. With no economic data in European session currencies marked time after seeing a small rally in risk during Asian trade in the wake be […]
• Is EUR/USD Prime For Short Covering Rally? May 16, 2012
  The selloff in risk FX continued in overnight European trade with EUR/USD plumbing fresh lows below the 1.2700 figure while cable dropped through the 1.5900 barrier in the wake of a dovish BOE inflation report. In Europe, authorities continued to navigate the Greek crisis with German Chancellor Angela Merkel reaffirming her support for Greece to remain withi […]
• UK Labor Markets Resilient May 16, 2012
  UK unemployment surprised to the upside with claimant count dropping by -13,700 versus forecasts of 4,900 gain. The unemployment rate dropped to 8.2% from 8.3% the month prior. This was the fastest pace of job growth in nine months indicating that UK labor markets remain relatively buoyant despite broader economic slowdown in UK. […]
• Slight Recovery in Risk FX ahead of US Open May 15, 2012
  Risk FX was mildly firmer in overnight European trade today boosted by better than expected GDP data from Germany although investor sentiment in the region deteriorated. German Q1 GDP surprised to the upside printing at 0.5% versus 0.1% eyed as it helped ot lift EUR/USD above the 1.2850 level in early morning European trade. In calendar-adjusted terms, econo […]