Forex

The EUR/USD pair turned lower during the Asian session on Monday, weighed down by the possible implications of the disputed referendum on Catalonia independence in Spain. Meanwhile, the market seems to have digested Friday's mixed US economic data showing consumer spending barely rose in August...

The Dollar-Yen pair staged a solid rebound from the 10-DMA on Tuesday on the back of a hawkish Yellen and more 'Kim fatigue'. The spot rose to 112.48 yesterday and extended gains to a high of 112.55 levels in the Asian session today. Despite being bid above the 200-DMA, the currency pair is...

On Tuesday, the GBP/USD pair struggled to sustain an early up-move back above the 1.35 hand and dropped to an intraday low level of 1.3409 in wake of persistent US Dollar buying interest. Traders even shrugged off disappointing US economic data, showing weakness in both consumer confidence and the...

The German election setback continued weighing on the shared currency for the second straight session on Tuesday and dragged the EUR/USD pair below the 1.1800 handle to over one-month lows. Also collaborating to the pair's bearish break below a 4-week old trading range was broad-based US Dollar...

The EUR/USD is losing altitude fast on heightened political uncertainty following German Election results. The pair dropped to a one-month low of 1.1810 levels in Europe. Daily chart The chart above shows head-and-shoulders breakdown. At press time, the spot is chipping away at the...

The EUR/USD pair reversed an early dip to sub-1.19 level and is now looking to fill the bearish opening gap, led by a disappointing victory for Merkel’s Conservatives (CDU) Party, which is now expected to try to form a coalition with the Liberals and the Greens. With coalition talks expected...

The Federal Reserve finally announced yesterday that it will begin tapering its massive balance sheet from October at a snail's speed. The central bank is going to trim the balance sheet by $10 billion-a-month for the first three months, $20 billion-per-month for the next three, and on and on...

The U.S. stock market fell apart late in the day on Wednesday after the major averages spent much of the session near the unchanged mark. Investors continue to sell risk assets as fears ramp up over rising Spanish bond yields, signalling that the European sovereign debt crisis may be spinning out...

Not that long ago, many so-called experts, pundits, and traders speculated that the U.S. dollar would lose its reserve currency status. The dollar appeared to be on its way to more declines against its major rivals amid the loss of the prestigious AAA credit rating, rising deficits, and no...