Forex news

USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line …

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GBP/USD started the week face down – it broke the support line of 1.3950, due to bad news from British banks that continue to pour. Where will the fall stop …

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The Japanese Yen began retreating today, with the USD/JPY above 99. It comes ahead of the ADP Non-Farm Employment Change and of the ISM Non-Manufacturing PMI – two major US figures that …

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The forex week began with a big move by the British pound. It fell below the below the 1.40 mark. This happened after bad manufacturing PMI was released in Britain, …

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USD/JPY is going up steadily in the past few two weeks. It just made another leap, breaking the 98 line. This happened as the US session began, and continued on …

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The US dollar fell off a cliff against all the currencies. The fall began at 16:50 GMT, during the time that financial stocks plunged at Wall Street. The nice gains …

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The US dollar extends it’s gains after the CPI and Core CPI were slightly better than expected. The strongest impact is in the Japanese Yen. Core Consumer Price Index (CPI) …

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Housing Starts in Canada fell to 154,000. Early predictions were at 165,000, which was already lower than last month’s 172,000. This low figure made the Canadian dollar shake, but now …

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USD/CAD jumped above 1.25, in a very fast move. It happened due to awful employment data from Canada. USD/CAD is now trading at 1.2511, after a jump of 100 pips immediately …

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The Bank of England and the ECB made their expected decisions: BoE lowered the interest rate to 1%, and Jean Claude Trichet left the interest rate unchanged at 2%. The …

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