Archive for the ‘Forex News’ Category

Crude Oil Futures Hold Steady

Tuesday, June 24th, 2008

Oil futures were trading higher early Tuesday at the New York Mercantile Exchange, assisted by U.S. dollar weakness and concerns that a Nigerian labor dispute could hinder global crude supplies. However, West Texas crude for August delivery recently retraced the bulk of its gains and was ahead by 17 cents at ...

US Consumer Confidence Falls More Than Expected To A Fresh 16-Year Low

Tuesday, June 24th, 2008

US consumer confidence, as measured by the Conference Board, fell to a fresh 16-year low of 50.4 in June from 58.1. The news was much worse than expected, as the index was forecasted to slump to 56.0. A breakdown of the report shows sentiment on the present situation, future, and ...

US Dollar Consolidates as Oil Rebounds

Thursday, June 12th, 2008

Rising oil prices mixed with fading growth prospects pressed on the US dollar, and led the currency to weaken against all of its major counterparts. In the fray, the commodity currencies picked up minor gains against the greenback though oil prices rose above $136/bbl. The low ...

Introduction for Forex Options

Tuesday, June 10th, 2008

Forex options are a great way to invest in the forex. This introduction will give you the basic information you need to start understanding forex options and how they can be a great tool for risk control and speculation. About trading forex options Forex options are available from certain forex ...

USDCHF Hedge Opens Entry to Dollar Rally

Thursday, June 5th, 2008

As anti-dollar sentiment reached its peak mid-March, the Swiss Franc overcame parity with the US dollar to reach a historic low at 0.9644. The franc derived additional strength from its status as a safe-haven currency, gaining additional momentum as the dollar sell-off intermingled with intense bouts of ...

Dollar extends rebound

Thursday, June 5th, 2008

by KBC Market Research Desk KBC Bank On Thursday, EUR/USD extended its correction lower. This was mostly technically driven. The intra-day (inverse) correction between de dollar and oil prices was far less obvious than on Wednesday, even if it is often mentioned as the explanation for the move. ...

Sterling ‘Rises’ As Rate−Cut Odds Decrease

Sunday, May 25th, 2008

British Pound (BPM8): The BP opened higher at 1.9805 against a weaker Dollar, higher oil prices and inflation concerns that should keep rates 'unchanged' at the June 4-5 MPC meeting. A less than expected decline in Retail Sales helped prices bounce to 1.9820, before a DX bounce on ...

Dollar ‘Firm’ on Weakening Inflation, Lower Oil

Friday, May 16th, 2008

Dollar Index (DXM8): The DX opened higher at 73.58 and rose to a morning Hi of 73.66 ahead of the CPI report. A lower than expected drop in the 'core' rate to +0.1% m/m, and +2.3% y/y suggested that inflation may be easing and rate increases may not have to be ...

US Dollar Slips as Risk Aversion Subsides

Monday, May 12th, 2008

Written by Terri Belkas and David Song, DailyFX.com The US dollar swayed as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. As a result, the low yielding Yen took the biggest loss against the greenback, with the Swiss franc following behind as ...

Trichet Holds His Hawkish Tone Despite Ongoing Financial Turmoil

Thursday, May 8th, 2008

Less than an hour after the European Central Bank announced the benchmark rate would be held at 4.00 percent, President Jean Claude Trichet delivered his usual commentary to an attentive public. Over the past few weeks, speculation that the policy authority would take a more dovish approach ...