Forex news

Retail sales dropped by 0.8%, significantly more than 0.5% that was expected. GBP/USD fell, continuing the trend that began yesterday and approaching support. After a strong leap of 1.5% last …

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Portugal’s ruling party failed to pass fresh austerity measures in parliament, and this triggered the resignation of Prime Minister Jose Socrates. Seeking a bailout from the EU is closer than ever. …

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EUR/USD lost an important support line and is falling fast as worries about the debt crisis intensify. The main issue is Portugal, but there are other worries as well. Euro/Dollar …

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The latest meeting minutes of the MPC have shown that no new members voted for raising the interest rate. GBP/USD lost the gains it made beforehand and is now at …

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Britain’s inflation accelerated significantly and leaves less room for wait regarding the rate hike. The 4.4% annual price rise sends GBP/USD higher. The consumer price index (CPI) in the UK …

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EUR/USD is holding on to its significant gains it made last week, and remains above high support as we have important events already on Monday. Will it fall from these …

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Jean-Claude Trichet continues to boost the Euro in two different channels. The result is that we have a second resistance line broken with one day. Update on the vigilant Euro. …

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USD/JPY now trades at 80.70, after jumping across the historic 79.75 back on its way up. The members of the G-7 agreed on an intervention to weaken the yen and …

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The UN Security Council just voted for implementing a no-fly zone in Libya and for authorizing air strikes against the forces of Gaddafi. This will have consequences for oil, the …

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USD/JPY fell below the historic low of 79.75 and from there the road down was open. Stop orders were apparently triggered. Big time. Update on the extraordinary move and the …

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