Recent forex news items are listed below
Even if the ECB does nothing, the British Pound may be the winner when the dust settles.
Pound fails to maintain gains on the better than expected index; BoE predicts muted growth in the first half of 2013…
Watch the recording of John Kicklighter's coverage of the FX market's reaction to the FOMC rate decision.
Limiting risk should be the first priority of any Forex scalper. Today we will review two methods of placing stops for short term traders.
The Federal Reserve kept its key interest rate on hold at 0.25%, but the big news is that policy doesn't appear to be the one-way street it's been painted as.
The Federal Reserve is very likely to leave monetary policy unchanged, but comments from the FOMC about the labor market and potential unwinding of stimulus measures would have market-moving potential.
More upbeat economic data from the UK and the potential for disappointing US reports today could help boost EURUSD above 1.32 and GBPUSD to 1.56 and beyond.
"Cycle from 4.24.2013 low is nearing completion and we expect 1.236 ext (1.3259) to hold for a corrective pull back before rally resumes." - Eric Morera, Elliottwave-Forecast.com
Currency Strategist Michael Boutros offers current setups ahead of the Fed and ECB interest rate decisions.
Our sentiment-based trading strategies have done well selling the US Dollar as it breaks key lows, here's how we look to position ourselves in the days ahead.
The soft US data print has the US Dollar down against the Japanese Yen, but the US Dollar's losses end there: the commodity currencies and European currencies are struggling as well.
Instruments covered today: GBP/USD, USD/CAD, EUR/GBP & Gold
Meanwhile, the British Pound has seen its winning streak extended after strong PMI data bucks fears of a 2Q'13 dip in growth.
Crude oil and gold prices may rise as a soft ISM report and a dovish FOMC outing suggest the Federal Reserve will push ahead with aggressive stimulus efforts.
The UK PMI for manufacturing beat expectations at 49.8; Markit says the recently weak sector may lighten its drag on the economy in Q2…
$EURUSD What Forex Target Traders See: We are currently sitting @ 1.3042 in a wedge so this could...
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the price action in the trading range...
The US dollar and the Japanese yen gained some ground in a week which saw weaker than expected data...
EURUSD managed to close out the week above 1.3000 - a considerable feat considering the trouble that the euro faces.
The Australian Dollar looks vulnerable to deeper losses amid mounting RBA rate cut bets and returning risk aversion on the back of global slowdown fears.
There is a laundry list of fundamental landmines for euro traders to watch moving forward - and that means volatility and even trend development should be expected for EURUSD and other crosses.
Critical US economic data and policy announcemnts from the Fed and the ECB highlight a busy week ahead for the foreign exchange markets.
With a set of active fundamental themes weighing the market, next week promises to generate considerable volatility - and potentially trends - for key pairs like EURUSD and USDJPY.
The Japanese Yen was a top performer this past week, losing only -0.08% to the top British Pound, while adding at least +0.52% against six of the major currencies, even posting gains greater than or equal to +1.48% against four of the major currencies DailyFX Research covers.
The British Pound rallied to a fresh monthly high of 1.5497 as the U.K.
The gold rebound gathered pace this week with the precious metal advancing more than 4% to trade at $1462 at the close of trade in New York on Friday.
The Canadian dollar strengthened this week against its U.S. counterpart on an improved economic outlook in the U.K.
The US Dollar (ticker: USDOLLAR) rallied to start the week as the Euro initially fell to multi-week lows, but a sharp reversal left the safe-haven currency lower as the US S&P 500 finished just shy of record peaks.
Chart in Focus: Daily EURUSD The EURUSD formed a pin bar signal on Thursday showing rejection of...