Forex Information

The Australian dollar pared its two-day decline as the leaders of the Group of Twenty nations pledged to resolve the problems of the global economy and prevent another worldwide financial crisis. The G-20 meeting had positive effect on commodity currencies, including the Aussie (the nickname of the Australian dollar). The confirmation ...

The euro is finding support on the assumption that the sovereign debt crisis will be contained. Many forex traders seem to think that European leaders are serious about finding a solution to the debt crisis, and that it will be contained. Even though there doesn’t appear to be plans to expand ...

Forex trading crowd sentiment has favored U.S. Dollar (ticker: USDOLLAR) gains against the Euro and Sterling for some time, but now with the move to safer assets rapidly accelerating, significant shifts suggests that the EUR/USD may continue to fall as the Dollar rally continues across the board.   Given the contrarian nature of ...

European Session Summary European markets mirrored the price action exhibited late in the North American session yesterday, a disparaging sign for higher yielding and risk-correlated assets. European equity markets were down as much as 5%, at the time this report was written, while U.S. equity market futures pointed towards a much ...

Are you afraid of BOJ interventions? You should, I’m afraid too, but only if I’m going short, because every BOJ intervention makes the USDJPYskyrocket… But what if I’m looking for long opportunities? Well, if there is an intervention, it will be on the direction of my trade, it will actually help ...

SOFIA, Bulgaria—Bulgaria remains committed to adopting the euro as quickly as possible despite the crisis engulfing the bloc, Bulgarian Finance Minister Simeon Djankov said in an interview Friday, offering a rare vote of confidence in the single currency's long-term future. The backing from the European Union's newest and poorest member state, ...