Forex Trading TV Video Blog

Despite a slumping U.S economy, the Dollar continued to perform well against most of its major currency pairs on Thursday. The Dollar shrugged off more poor disappointing economic data from the U.S. yesterday, appreciating against the EUR and the GBP. The U.S. Census Bureau reported yesterday that building permits missed analyst's forecasts while U.S. new Unemployment Claims rose by 44,000 more than forecasted. The EUR/USD ended the day down at 1.2940, while the GBP/USD fell to 1.3752. Since the New Year, the GBP has depreciated more than 5... ( read more )

The U.S currency rose against the EUR and the GBP on Wednesday as the failing British banking sector continues to weigh on the Pound. The greenback gained 5.3% versus the GBP in the past three days after the U.K. government's plan for a second bank bailout in three months raised concern the financial crisis is deepening. However, against the JPY, the Dollar decreased as much as 2.9% yesterday to 87.13, the lowest level since July 1995. According to analysts, this was a result of traders abandoning the Dollar when option contracts betting on ... ( read more )

The USD has strengthened against most of its major counterparts, continuing to prove that, for the time being, this is the solid currency that traders can rely on to provide them with steady profits. The EUR/USD stopped the upside move at a good resistance level of 1.2930 and from then on it fell more than 100 points all the way down to the 1.28 level. Risk aversion continues to give the Dollar strength and that is likely to continue until we see signs of stabilization. The USD also saw gains against the GBP. The Dollar has rallied as the U.... ( read more )

On Monday, the U.S. Dollar made extremely significant gains against most of its major currency pairs ahead of Barack Obama's inauguration, which takes place later today. This is in contrast to Sunday's trading session that saw the Dollar go bearish against its main currency pairs, such as the GBP and the EUR. The Dollar's rebound since the start of Tuesday's trading session has left many traders excited at the prospects of what lies ahead of them in the coming trading days. The Dollar gained a massive 300 pips against the EUR, and a massive ... ( read more )

The U.S. Dollar ended last week in a losing position to many of its currency counterparts due to a number of factors. However, at the beginning of today's trading it appears to have begun a rally against this recent downward movement. Ending last Friday down against the EUR and GBP, the USD has made small gains against both currencies rivals as of this morning, but vice versa with the JPY; earning moderate gains against the island currency and now appearing to weaken. As Crude Oil's price rose almost $8, the USD no doubt weakened as a result. A... ( read more )