Australian Dollar Is Weakening Again: What Can You Do?
For all that it’s the fifth most-traded currency in the world, the AUD isn’t a strong currency. However, its weakness hasn’t been much of an issue for the Australian economy. Until now. The latest recession has changed many things, including the position of the Australian Dollar and its prospects for recovery. This is not a good time More...
Upcoming key resistance could offer insight into the future of the EUR/USD
EUR/USD heads in to the trading week 22nd – 26th July having experienced a rise over the past two weeks from around the 1.2830 level (illustrated on the chart below by support marked 3) to around 1.3180 (illustrated More...
Dollar expected to strengthen further on the Federal Reserve policy
The rest is expected to finish the week with gains against all major peers on the back of the Federal Reserve’s announcement it will withdraw its monetary stimulus program by the middle of 2014. The Federal More...
USD/JPY rebounds, moving back towards ¥100 mark
The US/JPY pair has rebounded since its June 6th low of 95.90, where it became evident that the more bearish traders lacked the weight to pull it down any further. Over the last few days the pair has rallied, today More...
EUR/USD Weekly Forecast: 27th May to 31st May
The eyes of forex traders are on the move of EUR/USD currency pair in the coming week. There are various questions arising in the minds of financial gurus. What will be the behavior of EUR/USD currency pair during More...
Sterling hits one-month low against the Euro
The Pound Sterling hit a one-month low against the Euro today on the back of retail sales data which showed an unexpected decline. Analysts had originally expected the report to show an increase in retail sales More...
AUD/USD pair hits ceiling
The Australian Dollar has hit a ceiling of 0.9787 and retreated to 0.9757 at the time of writing. The steady slow down and decrease in demand is being attributed to the upcoming Reserve Bank of Australia minutes, More...
The day of the dollar
Todays G7 meeting was a good one for Japan and their recently launched quantitative easing programme. The G7 were trying to decide whether the recent decline of the Yen was down to their monetary policy or currency More...
US dollar breaks the 100¥ mark
We have been waiting for this day for quite some time now. In fact, we thought it would come a lot sooner, especially after the Bank of Japan announced its quantitative easing program last month. Nonetheless, the More...
The Pound Gains on Weak US Data
The dollar has been the pillar of strength over the past two weeks as the US has posted the best economic data for April when compared to the other developed regions. European data has been horrible, driving the More...