forex

The EUR rallied yesterday against the Dollar as encouraging news about the European economy and banking system sparked hope that the 16-country Euro-Zone may be emerging from the depths of recession. The EUR touched a one-week high versus the Dollar an...

The U.S currency continued to slip against the EUR yesterday, dropping 1.1% to as low as 1.3150. It also lost ground against many of its other major currency pairs as investors continue to worry about the depth of the U.S. recession. Analysts anticipat...

Crude Oil rose 1.6% yesterday as the Dollar dropped against its major currency pairs, bolstering the appeal of commodities. In addition, Oil's gains came despite swelling U.S. crude inventories, which hit a fresh 19-year high last week. Prices rose aro...

Japan sank deeper into recession in the 1st quarter since Toyota, Honda and Nissan, Japan's three biggest automakers, slashed production last month. Japanese automakers have pared production as the global recession and rising unemployment sap demand fo...

The Dollar experienced a very volatile day of trading on Wednesday as a number of different factors helped determine the closing rate of the Dollar versus its main currency crosses. The main factor that helped determine the greenback's strength in yest...

The price of Crude Oil slipped slightly as U.S. Crude Oil Inventories rose higher than expected. The price of the black gold slid by 30 points to $48.43 a barrel. Crude Oil didn't slide as much as people thought it would following the release of this i...

The Yen rose against most of its major currency pairs in yesterday's trading, as the JPY's safe-haven status returns to the forefront. The Yen's gain against the Dollar in late trading is largely owed to fears that the stress tests for U.S. banks from ...

The Pound dropped as Britain and European Banks climbed in yesterday's trading session. The FTSE, DAX and CAC 40's gains were led by the top financial institutions. The most notable increases were held by the major British and European banks, including...

Crude Oil prices finished largely unchanged after an industry report showed U.S. stockpiles fell, raising optimism that fuel demand has increased as the economic crisis abated. The gains came as U.S. stock markets rose roughly 1% after industrial bellw...

The EUR advanced for the first time in 4 days against the Yen after a report showed German investor confidence in April increased to its highest level in almost 2 years. The European currency has also climbed slightly against the U.S Dollar after the Z...

The Dollar rose to a 5-week high against the EUR as concern the global financial crisis will worsen. This fear boosted demand for the U.S. currency. Renewed worries over the financial turmoil are making investors risk-averse again. In the market's curr...

The Japanese currency rose against 15 out of 16 most-traded currencies after Japan's Ministry of Finance said custom-cleared exports declined 45.6% in March from a year earlier, following a record drop of 49.4% in February. The trade balance data seem ...

The Japanese Yen was a big benefactor from yesterday's flight to safety as the JPY made considerable gains against its major crosses. Declines in U.S. equities had traders scrambling to readjust their positions as market participants sold higher yieldi...

The EUR continues to weaken amid further loses in equity markets and reduced risk levels in the currency market. The EUR/USD has now shed all of its gains since the U.S. Federal Reserve began its program of quantitative easing 1-month ago. Some market ...

The price of Crude Oil plunged today on fears of a deepening economic recession in the U.S. The dramatic sell-off occurred after the release of first quarter earnings from Bank of America. The day ended with the price of Crude Oil trading at $48.64. Th...

The Dollar continued its bullish run yesterday, appreciating for the 6th day in a row against the EUR as the pair reached a one-month low. Driving the Dollar's gains were losses in U.S. equity markets which were sparked by renewed banking fears and wor...