The dollar sank across the board, hitting a new 26-year low against sterling, in the immediate aftermath of comments from Federal Reserve Bank chairman Ben Bernanke. The central bank chief said the…
European Central Bank is not concerned by euro strength
Hmm, it appears the Euro keeps on rising and rising in value, but here is what the European Central Bank (ECB) has to say on this matter: A member of the European…
Daily Report: Dollar Weakens Further against European Majors after Bernanke
Dollar resumes decline against European majors on increased speculation for further rate cut from Fed in Dec. EUR/USD made new…
Shifting Trends Lead to China-Bashing and Rising Global Trade Tensions
Here is an interesting article produced by Mr. Eric Roseman from The Sovereign Society (By the way, I recommend you sign-up for their free newsletter). As you can tell by the title,…
Mid-Day Report: Markets Steady after ECB and BoE, Bernanke Next
Euro remains steady in tight range below record high of 1.4728 after ECB left rates unchanged at 4.00% as widely…
Daily Report: Euro and Sterling Consolidates ahead of ECB and BoE
Markets stabilize from yesterday’s selloff in dollar and remain in tight range, waiting for ECB and BoE rate decisions today….
GalleonFX – Tues night market surge helps bring 11% profit in the first week of Nov
Wow, I am a bit surprised at how well my GalleonFX Managed Forex Account is doing. As the heading says, my account went up 11% in just 7 days! Needless to say…
Dollar Sharply Lower on China Reserve Diversification Talk
Dollar has been extremely weak recently on fear that credit market problems will worsen and force Fed to continue easing. The fall in greenback accelerates today after comments from Cheng Siwei, vice…