When it comes to foreign exchange (FX), there are many factors which influence the market. One of the most important things someone who wants to trade FX successfully must stay on top of is forex news. Forex news can significantly change price movements of currency pairs and for this reason it is important to keep [...]
Currency Trading News: February 26th 2013
February 26, 2013 By Leave a Comment
It was a tale of two halves overnight, with some strength in the European session completely dissolving in the US session. Risk assets were dumped en masse in the US session, giving Stateside equity indexes their biggest losses since November, as partial election results spurred concern about prospects for a stable government in Italy and [...]
Currency Trading Commentary: 25th October
October 25, 2012 By Leave a Comment
Despite a positive start, US markets suffered another loss overnight, extending their slump into a second consecutive session. The growing disappointment with the third quarter earnings season overshadowed data showing a bigger-than-expected rise in September new home sales to a two-year high. Also weighing on sentiment was the latest Fed meeting in which Ben Bernanke [...]
Currency Trading Commentary: 23rd October
October 23, 2012 By Leave a Comment
US markets staged a last gasp rally overnight, overcoming all of their earlier falls as Apple shares surged 4% ahead of the likely release of its iPad mini. The euro climbed 0.2% to US$1.3056 after a local election in Spain allowed the Prime Minister’s party to hang onto power, easing tensions in the troubled eurozone [...]
Currency Trading Commentary: 22nd October
October 22, 2012 By Leave a Comment
US markets suffered a dramatic sell-off to round out last week, as a raft of disappointing profit results weighed heavily on sentiment. Blue-chip giants, General Electric, Microsoft, and McDonald’s ignited the panic selling on Wall Street after all three reported earnings that missed analyst estimates. It was the worst one day drop on the Street [...]
Currency Trading Commentary: 17th October
October 17, 2012 By Leave a Comment
International markets extended their rally into a second session overnight as investors reacted positively to the latest economic data releases in the US. The Dow posted its biggest gain in a month after industrial production returned to growth in September, easing concerns over the state of the US manufacturing sector. The positive mood was helped [...]
Currency Trading Commentary: 15th October
October 15, 2012 By Leave a Comment
International markets posted more losses in last week’s final trading session, as investors reacted negatively to a pair of disappointing profit results in the US. Wells Fargo and JP Morgan released third quarter earnings that fell shy of analyst estimates, sparking a sell-off in US banks that weighed on overall markets. There was little reaction [...]
Currency Trading Commentary: 12th October
October 12, 2012 By Leave a Comment
US markets erased earlier gains in overnight trading as optimism over a drop in jobless claims faded. There was a host of economic data for markets to digest, with the most positive being a surprisingly sharp fall in weekly US jobless claims to a four year low. The early gains on Wall Street fizzled after trade [...]
Currency Trading Commentary: 9th October
October 9, 2012 By Leave a Comment
There was mostly red on global markets overnight, as investors nervously positioned themselves ahead of the upcoming US earnings season. Alcoa is due to kick off the third quarter earnings season tonight, and analysts expectations are that US companies reported a two to three percent fall in profits over the quarter. Also weighing on sentiment [...]
Currency Trading Commentary: 11th October
US markets suffered further losses overnight, as the third quarter earnings got off to a shaky start on the back of Alcoa’s poor outlook. Although the aluminium giant’s quarterly earnings and revenue topped estimates, investors were taken aback by its downbeat outlook for global commodity demand. Chevron also weighed on the market after warning that [...]