Forex Markets

The US Non-Farm Payrolls has just been posted registering a drop of 20k compared to an expected gain of 15k. Despite the additional job losses, the US Unemployment figure dropped to 9.7% from 10% during January as a possible result of previous month’s adjustments. During the night, increased risk...

The Euro managed to rally overnight after hitting lows of 1.3912 yesterday. This development was caused by the breaking news of a Greek rescue package as well as profit-taking resulting from concerns about today’s US GDP data release. The EURUSD presently sits at 1.3960 (see hourly chart). Markets...

The Euro remains under selling pressure as a result of the Markets’ continuing concerns about the depth of Greece’s fiscal situation. This problem just will not recede and is now even being augmented by debt concerns of other Euro-zone members. For instance, Portugal is facing an imminent reduction...

Traders still remain very concerned after China’s largest bank stopped rolling some loans yesterday although it does not plan to freeze new lending. These measures are basically intended to slow credit growth but could have a secondary impact by also restricting demand and growth from other...

Increased risk appetite forced the dollar into retreat overnight with the EURUSD hitting highs of 1.4190 before retracting to its present 1.4170 (see hourly chart). The greenback is favored to come under further selling pressure during the North American session. The Euro benefited from reports...

Three significant events are the driving forces behind Forex at present. These are a prospect of a serious restriction placed on Chinese credit, fiscal concerns about Greece and other European peripheral countries and President Obama’s new banking plan. The combined impact of these three issues is...

The Euro has had another torrid night as the EURUSD fell to levels not seen for six months. The Euro-zone is presently plagued with serious fiscal concerns not only of Greece but other member countries as well. In addition, selling pressure on the Euro has mounted after a recent break of a very...

The EURUSD extended its decline further during the night after the pair sustained a clear technical break of its 200-day moving average line. Fundamentally, the Euro is struggling to deal with Greece’s ballooning debt that is also increasing worries about the financial state of other member...

The Euro-zone is still struggling to cope with the deteriorating Greek fiscal situation. Anxiety intensified overnight amidst fresh concerns about the ballooning nature of Greece’s financial deficit. Consequently, the markets will be on alert today for any fresh official insights. Indications that...

Europe has had a difficult night after a barrage of worrying remarks and rumors surfaced. Consequently, the EURUSD plunged by over 120 pips and currently posts 1.4380 (see hourly charts). The resultant risk aversion caused the Yen to flourish resulting in the EURYEN dropping by almost 150 pips to...