Author: Tina Reyes

The EUR USD finished the week up driven mostly by strong demand for higher risk. The strong surge in the stock market buoyed the Euro all week, but it was a contraction in European manufacturing and services, and an improvement...

Microsoft, Amazon and American Express announced worse than expected earnings after the close today forcing a gap lower opening in the stock indices in early trading. This could help trigger a flight to safety break tomorrow in...

The U.S. Dollar is slipping a bit against the Euro overnight as the EUR USD continued to trade inside its almost 60 day range. Although it has been lingering at the top of the range, buyers have been reluctant to buy or sell...

An opinion piece by Federal Reserve Chairman Bernanke helped put pressure on the GBP USD early in the New York trading session.The article in the Wall Street Journal highlighted Mr. Bernanke’s opinion that the Fed was...

Lower equity prices and crude oil have been helping to support the USD CAD, but a nearby resistance level is preventing this currency pair from rallying sharply higher. Although it is unclear fundamentally why this market is...

The U.S. Dollar traded substantially higher as trader appetite for risk diminished amid news that the global economy would recover at a much slower pace than previously estimated. Furthermore, news that China, Russia and India...

The September Japanese Yen is surging to the upside overnight for a couple of reasons. The first and main reason is flight-to-safety. The second reason is the call for nations to diversify away from the U.S. Dollar.Global equity...

The U.S. Dollar felt pressure overnight on Tuesday because of stronger Asian and European stock markets and struggled even more after the release of the ADP Employment Services Report. The move into equities triggered more...

The GBP USD surged to the upside overnight despite news that the U.K. economy shrank more than previously forecast. The U.K. Gross Domestic Product report showed that during the first quarter the economy suffered its biggest...

Forex trading was extremely light on Monday as traders seem to already be waiting for the U.S. Non-Farm Payroll Report on July 2nd or have taken an early holiday ahead of the U.S. market holiday on July 3rd.In addition to the...