Forex news

GDP contracted by 0.5% in the fourth quarter of 2010. This was a shocker, as a growth of the same scale was expected. GBP/USD got a big blow from this …

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For the first time this week, the dollar has had a better time of it, boosted by some much better-than-expected jobless figures. In the week ended January 15th, initial claims …

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British inflation stepped up and reached an annual level of 3.7%, significantly higher than 3.3% that was expected. A rate hike is becoming imminent. GBP/USD broke above resistance. The move …

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EUR/USD begins the week with a drop to a lower range, after failing again to break higher resistance. Will the drops continue? Here’s a quick update on technicals, fundamentals and …

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Producer prices in Britain jumped by 3.4%. Britain’s PPI Input was expected to rise by 1.6%, after 0.9% last month. The whopping 3.4% rise is another significant sign that inflation …

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EUR/USD is facing tough resistance after making a sharp rise and holding on to it. The week ends with many economic releases. How will it end? Here’s a quick update …

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A bailout for Portugal is gaining traction – Germany and France are pushing Portugal to accept a bailout soon. There is a fresh report in Der Spiegel that says that …

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Non-Farm Payrolls disappointed with a gain of only 103K jobs, lower than 160K that was the low end of expectations. The unemployment rate fell to 9.4%, and this somewhat balances …

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EUR/USD fell over the cliff. After holding on to the significant support line for quite a long time, it fell off. Even the weak Non-Farm Payrolls didn’t help. Euro/Dollar fell …

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Canada gained 22,000 jobs in December, exceeding expectations for a rise of 19,000. The unemployment rate also posted a positive surprise – it remained at 7.6%, better than expected. A …

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