The Great Britain pound dipped today after the CBI retail sales report showed that trading volumes were flat in March, while traders have hoped for growing sales. The currency was able to hold ground against the Japanese yen as the report was not completely negative.
March 26th, 2013 at 13:27
Forex market participants had hard time trading last week and it is not likely that this week will be in any way better. Uncertainty and confusion created by the situation in Cyprus leads to volatile and unpredictable moves. Unsurprisingly, the euro is one of the hardest currencies to trade right now.
March 20th, 2013 at 14:53
Canadian dollar is on the rise today, gaining against the US dollar as better economic data is expected, and as the situation in Cyrpus eases some. Today it’s about risk-on in Forex trading, and loonie is reaping some of the benefits.
March 13th, 2013 at 21:57
The US dollar climbed against the euro today as the US economy continued to perform much better than the European one. The currency fell a little against the Great Britain pound and was flat versus the yen.
March 12th, 2013 at 14:15
US dollar index is slipping right now, after seeing gains earlier in the session. Forex traders are looking for direction right now as economic data comes in from various sources.
March 05th, 2013 at 15:35
Eurozone economic data is providing a jolt to risk assets, and that is sending the US dollar lower today. Also, many Forex traders might be ready to let the dollar weaken, after a run of relative strength.
March 05th, 2013 at 12:29
The Australian dollar rallied today as retail sales beat expectations in January and the Reserve Bank of Australia left interest rates unchanged. The currency gave away some of its initial gains and erased the rally versus the yen completely.
February 22nd, 2013 at 19:55
The Canadian dollar dropped, touching the lowest since June against its US counterpart, today as retail sales dipped in December and annual inflation was slowest in three years. The currency managed to trade sideways versus the Japanese yen, which was weakened by prospects of intervention.
February 20th, 2013 at 15:53
Canadian dollar is at its lowest level in nearly seven months against the US dollar as economic concerns continue to weigh. Oil prices are fluctuating and it looks as though retail sales will show a decline when the data is released on Friday.
February 16th, 2013 at 1:33
The Great Britain pound closed stronger, erasing the previous losses, on the last trading session of this week. The losses were caused by the report that showed decline of retail sales last month.