Forex news

The US dollar index is at the lowest level since the height of the financial crisis in November 2008. The chart below shows that the next support line isn’t too …

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The Irish people have spoken loud and clear – they don’t want the draconian bailout program. The EU might have to face Irish bank defaults or dig deeper into the …

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There’s a report that Libya’s air force may be challenged by NATO war planes. Planes from the US and perhaps from other countries may be launched to counter the Libyan …

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The BoE Inflation report is much less hawkish than yesterday’s inflation letter – GBP/USD is free falling. The King deserves his crown. Update. Yesterday,Mervyn King was forced to write a …

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Yet another perky performance from the pound today, which tops the league amongst major currencies for the year to date. Interestingly, it was Mervyn King’s letter to the Chancellor, rather …

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ECB member Axel Weber’s resignation has been confirmed – Weber was a candidate to replace Trichet, and a highly respected central banker. His loss is a loss for the Euro, which aims …

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US jobless claims dropped to 383K, a significant surprise – expectations stood on 410K. These numbers, much better than the disappointing Non-Farm Payrolls on Friday, send the dollar higher. This improvement in …

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The MPC left Britain’s benchmark interest rate at 0.50% for another month. Yet again, the voices and votes for a rate hike weren’t strong enough and the rate is unchanged …

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British manufacturing production fell by 0.1% in December. This is very disappointing as expectations stood on a rise of 0.5%, similar to last month’s 0.6% rise. GBP/USD is rather stable …

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For the third time in 4 months, the Chinese authorities hiked the interest rate. The timing is a surprise, as nation is still celebrating the Chinese new year. But on …

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