Euro recedes to 40 pips range amid low volatility. The euro has seen a bearish week as it emerge from last Friday’s stalemate with London. With investors looking for safe haven in other currencies like the dollar and sterling, most traders could say they saw it coming. As the euro has fallen into the range market, could [...]

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USDCHF is by far our chart of the day. The Swiss central bank, SNB drew a defining line for the franc today in an effort to stem its recent rise. This action sent shock wave through the market.

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Factory order fell below par in German . The fallen German factory orders sent tremours through the forex market as traders ponder on Euro zone economy. Is this a sign of the Euro bloc economy slipping back into recession again?

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UK job-seekers number posts big rise this morning. Is joblessness fast becoming a career now in the UK as unemployment rises further again? The number of people claiming jobless benefit posted its largest rise in more over 18 months to July. As the labor market shrinks, we beginning to the effect of a stagnated economy. According [...]

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GBPUSD support collapses on weaker than expected balance of trade, manufacturing production news. GBPUSD support caved in as videos and news of London’s Riot spreads global. What happens next?

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US unemployment rose to 9.8% in November. The highest level since April, 2010 and thus raising further doubt about the strength of the US recovery.

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Pounds sterling on a free fall again as UK’s trade balance fails market expectation. This further highlighted the forex market apprehension on the UK economy and the pound sterlings.

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UK Budget is still a ‘touch and go’. Could today’s UK budget have been a missed opportunity to kick the economy again? We were hoping the Government would take steps to curb debt but only to be given election budget hogwash.

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Global currency issue have dominated the currency market since the dollar collapsed a year ago. What does this mean in the current economic climate and forex market? Though the argument seems exciting and appealing with shock value, but building a global currency requires time and supporting global financial institutions. China has less of these infrastructures on their side.

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Dollar fall against yen again. The USD, dollar falls sharply against the yen from 90.25 on overnight trades in Asian/Pacific session. Is this the end of the joy-ride or another consolidation for further push for tops?

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