Forex News

Key information updates for profitable trading

Greenback starts trading week on back foot
Greenback starts trading week on back foot

On Monday, the major American currency started the trading week on the back foot because some lackluster US data along with comments from Fed officials gave traders few catalysts to build on their greenback exposure…

British pound slumps after mixed UK data
British pound slumps after mixed UK data

On Friday, the British pound decreased against the American dollar, following the publication of dismal British economic growth data as well as a more upbeat report on the country’s current account…

Greenback leaps, on track for weekly revenues
Greenback leaps, on track for weekly revenues

On Friday, the evergreen buck added during Asian trading, heading for weekly profits after solid American economic data contrasted with figures demonstrating euro zone inflation cooling…

Aussie and Kiwi drop vs. stronger US dollar
Aussie and Kiwi drop vs. stronger US dollar

On Thursday, the Australian and New Zealand dollars tumbled against their US rival, as the major American currency remained backed by the issue of positive American data earlier in the week…

Sterling drops briefly in Asia
Sterling drops briefly in Asia

On Thursday, the British pound found itself in negative territory in Asia briefly, as traders noted Great Britain faces a hard road to keep business links in place in talks to abandon from the EU, which were formally initiated overnight…

Greenback goes up in Asia
Greenback goes up in Asia

On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major…

Greenback soars on Fed talk
Greenback soars on Fed talk

On Wednesday, the greenback drifted away from 4-1/2-month minimums against a currency basket after solid data backed hopes for more American interest rate lifts this year, while the British pound was knocked by the UK triggering its exit from the EU…

British pound declines in Asia as markets wait for Brexit details
British pound declines in Asia as markets wait for Brexit details

On Wednesday, the British pound dropped in Asia, as markets looked ahead to Britain’s formal move to start a split from the EU later in the day, an historic moment, which will see British Prime Minister Theresa May outline the end game on areas from…

Greenback drops to lowest vs yen since November
Greenback drops to lowest vs yen since November

On Monday, the major US currency declined to its lowest value against the Japanese yen since late November in Asia on heightened political risk worries as a Republican-controlled Congress as well as presidency are actually in focus to deliver on economic…

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