Forex Tips | GFT Forex

Euro Falls on Disappointing Regional Data

Fri, 03 Feb 2012 09:32:55 -0500

Euro in forex trading

Euro is falling today, in spite of the general inclination toward risk appetite right now. The latest news out of the eurozone is providing disappointment, and that is sending the euro lower in forex trading.

Retail sales information for December shows an unexpected drop, led by France and Germany. These are the two largest economies in the eurozone, and quite influential in terms of how the rest of the eurozone functions. This news has been quite a blow and has resulted in a lower euro in forex trading.

Indeed, euro is down in forex trading as the US dollar rises on better than expected jobs data. The prospect of economic recovery in the United States is balanced against economic disappointment in the eurozone, and the euro is losing out today in forex trading.

Canadian Dollar Drops after Disappointing Canadian GDP News

Tue, 31 Jan 2012 10:28:31 -0500

Loonie in currency trading

Canadian dollar dropped in forex trading on the currency market after the report of Canada's 4th quarter GDP from 2011 came in. The GDP unexpectedly dropped by 0.1%, and that has prompted the loonie to head lower against the greenback in currency trading.

Loonie has been showing plenty of strength, maintaining its place near parity with the US dollar, for the years since the 2008 financial crisis. Indeed, the Canadian dollar has become quite solid in forex trading.

This small setback is almost erased by now, though. With risk appetite returning to the markets, and with oil prices back up above $100 a barrel, the loonie is doing better and paring its losses, ready to make some headway moving forward.

US Dollar Heads Lower in Forex Trading

Fri, 27 Jan 2012 09:51:50 -0500

Greenback pressured in currency trading

US dollar is lower in forex trading, heading down as concerns about the economy once again take center stage. Greenback is lower in currency trading, pressured as concerns about GDP and jobless claims take precedence.

Indeed, worries about US GDP are rising, and jobless claims are rising as well. This is in contrast with recent data out of the eurozone that has been better than expected. Eurozone data has beat expectations, and that is helping the euro -- even though there are still issues related to Greek debt.

For now, the dollar index is losing ground, but the situation is still volatile, and the story could change quickly. It will be interesting to see what happens next, and what news shapes the forex market going forward.

Euro Rallies in Forex Trading

Thu, 26 Jan 2012 11:27:54 -0500

17-nation currency gains on risk appetite

Here comes the risk rally. Euro is heading higher in forex trading, gaining as the markets look forward to continued stimulus from the United States.

Yesterday, Federal Reserve Chair Ben Bernanke announced that interest rates would remain near zero probably until 2014. Additionally, with the release of the latest negative jobless claims data, many expect that the Fed will engage in more quantitative easing.

All of this is sending commodities and equities higher today, and weighing on the US dollar. As a result, the euro is getting a boost today, helped along by a renewal of Greek debt talks and recent positive news about the German Ifo.

Gold Prices Retreat

Thu, 19 Jan 2012 13:41:31 -0500

US dollar lower in currency trading

Gold prices are slipping a bit in commodities trading. Normally, the fact that the euro is higher in forex trading would help support gold prices, but the issue of whether or not gold is being used as a safe haven is still in doubt.

Right now, gold is acting as a safe haven, falling as optimism for the global economy rises. With financing options being offered by embattled European banks, and with a Greek debt deal in the works, as well as an interest, by the IMF, in expanding its lending, many expect matters to be shored up.

The result is that gold is dropping as investors move away from safe havens for now. At the moment, the US dollar and gold are moving in tandem with each other, even though they normally move inversely to each other. US dollar is lower today, as the euro breaks through the 1.29 level.

US Dollar Gains in Forex Trading

Fri, 13 Jan 2012 09:44:23 -0500

Greenback higher in currency trading

US dollar is gaining in forex trading on the currency market, thanks to concerns about what's next for the European economy, US economy and more. US trade data has been anemic, and the latest debt auction from Italy didn't go as well as expected.

The result is that forex traders are turning to the US dollar for safety. US dollar is higher against the Canadian dollar, UK pound and euro today. The greenback's advances have more to do with the weakness seen elsewhere than with any strength in the United States.

For now, US dollar is higher as uncertainty surrounding company earnings, the economy and Europe are the hallmarks of investor and forex trader worry.

Gold Tries to Rally, Even as US Dollar Gains

Wed, 11 Jan 2012 09:13:12 -0500

Gold prices slightly higher in commodities trading

Normally, gold prices move inversely to the US dollar, but sometimes the two move in tandem if risk aversion is a factor, since both can be considered safe havens.

Right now, gold is attempting a rally, moving a little bit higher, toward the $1,640 an ounce level. With concerns in Europe, investors are looking for safe haven, and gold's recent drop makes it attractive right now.

US dollar is also higher, moving up against the euro as forex traders once again show signs of risk aversion as the situation in Europe continues to deteriorate.

Forex Tips | GFT Forex

Euro Falls on Disappointing Regional Data

See Also

Canadian Dollar Drops after Disappointing Canadian GDP News

See Also

US Dollar Heads Lower in Forex Trading

See Also

Euro Rallies in Forex Trading

See Also

Gold Prices Retreat

See Also

US Dollar Gains in Forex Trading

See Also

Gold Tries to Rally, Even as US Dollar Gains

See Also