Daily Forex Outlook – Greece Austerity Measures Help Euro

Here are the latest Financial News: CURRENCY TRADING SUMMARY – 4th March (00:30GMT) U.S. Dollar Trading (USD) the market reacted well to the new Greece Austerity measures in Europe and the Euro led the majors higher against the greenback. Adding to the positive sentiment was the February ISM Services... Read the article »

Daily Forex Outlook – GOLD hits record high against EURO and GBP

Here are the latest Financial News: CURRENCY TRADING SUMMARY – 3rd March (00:30GMT) U.S. Dollar Trading (USD) was softer across the board after downside action on the Euro and GBP abated and commodities rallied in the US session. Stock markets struggled to hold gains but the damage to the USD was... Read the article »

Daily Forex Outlook – Pound Skids to 10 Month Low

Here are the latest Financial News: Pound Skids to 10 Month Low CURRENCY TRADING SUMMARY – 2nd March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day with strength against the Pound and Euro not being replicated against risk currencies such as CAD and AUD which tracked stock markets higher.... Read the article »

Special FX Report – UK and US Q4 GDP will be released Friday

Here are the latest Financial News: UK GDP Recent UK economic data has been mixed with the jobs claimant count posting an unexpected rise last month and mortgage lending declined to its lowest level since last July. These reports generate uncertainty about the strength of the UK recovery and have prompted... Read the article »

Special FX Report – When is a rate hike not a rate hike?

Here are the latest Financial News: The Fed surprised the markets Thursday and hiked the discount rate 25bps to 0.75%. Stocks and commodities declined and the USD rallied to a nine month high in reaction to the Fed’s discount rate hike. Stocks and commodities rebounded from earlier losses and the... Read the article »

US Morning Notes – USD mixed, discount rate hike not a policy change

Here are the latest Financial News: FX Highlights The USD traded at a nine month high supported by the Fed’s surprise decision to hike the discount rate late Thursday afternoon, Fed officials said the rate hike is not an indication of policy direction but a move towards normalization, the rate... Read the article »

US Morning Notes – USD higher, Italian debt troubles, IMF gold sales

Here are the latest Financial News: FX Highlights The USD is trading higher in reaction to Wednesday’s FOMC minutes which state that the Fed discussed a possible discount rate hike in January and in reaction to concern about bad loans in Italy, GBP pressured by report of worse than expected UK... Read the article »

EU Morning Report – EURUSD rallies as a lack of further developments in Greece causes a round …

Here are the latest Financial News: EURUSD rallies as a lack of further developments in Greece causes a round of short covering! Yesterday’s trading saw some exciting rallies across the major asset classes, majors in FX, commodities and Equities. Risk appetite was elevated as NY Fed Empire State... Read the article »

Weekly Outlook – Greece Issues Still Linger

Here are the latest Financial News: Last week’s currency trading review The Dollar gained strength from two sources through the week. Euro weakness kept the dollar well supported as the biggest currency pair in market reacted to ongoing Greece fears and China raised bank reserve ratios. The other... Read the article »

Daily Forex Report – USD higher, Chinese rate hike sparks risk aversion

Here are the latest Financial News: USD: Higher, China hikes reserve rates, stocks and commodities decline JPY: Lower, Nikkei closes higher before the China rate announcement EUR: Lower, doubt about the Greek rescue, EU growth slows GBP: Lower, downside limited by gains in cross to EUR CAD and AUD:... Read the article »