GFT Forex News Archive - Yahoo! Finance

Spanish Bank Rescue Spurs Rally in Risk, But Many Questions Remain

Mon, 11 Jun 2012 04:57:31 +0000

Euro gapped higher on the first trading day of the week in the wake of 100B rescue deal for Spanish banks negotiated over the week-end. The pair raced to a high of 1.2667 in early Asian trade before running ...

Why EUR Shrugged Off Spanish Bailout

Mon, 11 Jun 2012 04:52:05 +0000

After racing to a high of 1.2668 at the start of the Asian trading session, the euro ended the day lower against the greenback. European and North American traders clearly do not share the optimism of ...

Risk Remains Off after US and Canadian Data

Fri, 08 Jun 2012 09:12:29 +0000

This morning's larger than expected U.S. trade deficit barely put a dent into the dollar's rally. The dollar is rising because concerns about Europe r

Risk FX Resumes as Spanish Crisis Looms

Fri, 08 Jun 2012 04:47:27 +0000

Another night of volatility as sharp risk off flows resumed in Asian and early European trade today in the wake of increasing concern over the teetering Spanish banking system. Yesterday the markets initially ...

Bernanke Comments Send USD Soaring

Thu, 07 Jun 2012 10:39:44 +0000

Fed Chairman Ben Bernanke kicked off a rally in the U.S. dollar this morning by sounding less dovish than everyone had anticipated. Coming off the heels of two abysmally weak non-farm payr

Risk FX Rallies on Hopes of Dovish Fed

Thu, 07 Jun 2012 05:55:31 +0000

Risk FX was higher in morning European trade with cable and Aussie leading the way as economic data surprised to the upside and investors awaited Ben Bernanke testimony in Congress in hopes that the Fed ...

Australian GDP Helps Fuel Recovery in Risk FX

Wed, 06 Jun 2012 05:32:04 +0000

Better data from Australia and hope for some action from EU leaders helped to lift risk FX in early morning European trade today with EUR/USD rising above the 1.2500 barrier while Aussie climbed above ...

USD: Will Fed Ease Before ECB?

Wed, 06 Jun 2012 04:21:13 +0000

The promise of more stimulus from central banks boosted currencies and equities around the world. While the European Central Bank left interest rates unchanged, they paved the way for more easing in July....

Euro Unwinds Yesterday's Rally as Credit Concerns Return

Tue, 05 Jun 2012 05:40:04 +0000

EUR/USD unwound all of yesterday’s rally in early European trade today as concerns over Spain returned to the forefront dampening investor sentiment once again. Spain’s Budget Minister Cristobal Montoro ...

ECB Meeting Will Be Close Call For Eur

Tue, 05 Jun 2012 04:13:19 +0000

One of the most important event risks this week is Wednesday’s European Central Bank monetary policy announcement. The near term outlook for EUR/USD hinges on the ECB’s degree of proactiveness.

EUR Outlook and USD/JPY Pain Threshold

Mon, 04 Jun 2012 08:26:00 +0000

It is an exceedingly quiet morning in the foreign exchange market with currencies trading not far from Friday's levels. Considering that most of FX volume goes through London, the holidays on Monday and ...

Risk FX Stabilizes on Talk of Fiscal Union

Mon, 04 Jun 2012 05:56:42 +0000

A very quiet night of trade on FX on the first trading day of the week as UK is off on bank holiday resulting in very low liquidity flows during the European session. Risk currencies were generally steady ...

Dollar Gives Up Gains as US Data Adds to Pain

Mon, 04 Jun 2012 04:45:53 +0000

Is the U.S. dollar losing its luster? It is no secret that the desire for safety drove investors into the arms of U.S. Treasuries and U.S. dollars throughout the month of May.

Weak Australian Data Suggests Further RBA Rate Cuts

Mon, 04 Jun 2012 04:11:25 +0000

Weak Australian job advertisements, declining corporate profits and tame inflation data have all increased the possibility of an RBA rate cut at tomorrow's monthly central bank meeting in Sydney. Australian ...

USD: Big Miss in NFP Kills Risk

Fri, 01 Jun 2012 09:03:50 +0000

This morning's non-farm payrolls report was a complete disaster. With jobless claims declining in the month of May, ever

Understanding the Volatility and Outlook for Euro

Fri, 01 Jun 2012 04:21:17 +0000

After a significant amount of intraday volatility and a drop to a fresh 22 month low of 1.2288, the euro ended the North American trading session higher against the U.S. dollar. This is only the third ...

Dollar Slips after US Data Raises Concerns about Payrolls

Thu, 31 May 2012 08:57:10 +0000

Most of the major currencies are trading higher against the U.S. dollar this morning which suggests that investors have finally reached their pain threshold. Unfortunately the persistent gains in the Japanese ...

How Many Payrolls Could Affect EURUSD

Thu, 31 May 2012 04:56:20 +0000

There’s nothing more important to investors right now than Europe’s sovereign debt crisis. However over the next 24 hours, U.S. non-farm payrolls will provide a much needed and hopefully welcomed distraction ...

Risk FX Rebounds off the Lows

Thu, 31 May 2012 04:52:00 +0000

Risk FX staged a mild rebound in early European trade as equities stabilized and short covering kicked in after several relentless days of selling. The euro recovered above the 1.2400 level while cable ...

German Retail Sales Improve Unemployment Mixed

Thu, 31 May 2012 04:10:06 +0000

German Retail Sales hit a 9 month high rising by 0.6% versus 0.1% eyed helping the euro to recover from its lows in early European opening trade. On a year over year basis however, retail Sales declined ...

FX: EURUSD Trend, Pending Home Sales

Wed, 30 May 2012 10:08:08 +0000

With U.S. 10 year Treasury yields falling to a record low and the dollar up against all of the major currencies, it is clear that the desire for safety c

How Much Further Can EUR Fall?

Wed, 30 May 2012 06:11:58 +0000

The euro weakened against the U.S. dollar for the seventh consecutive trading day. Since the start of the month, the currency has lost more than 6.5 percent

Fresh Weekly Lows for Risk FX

Wed, 30 May 2012 06:04:41 +0000

Risk FX was under relentless assault in Asian and early European trade today as weak retail sales data from Australia, a denial of any fiscal stimulus plans from China and continued problems with the failed ...

Aussie Tumbles as Retail Sales Turn Negative

Wed, 30 May 2012 04:10:38 +0000

Australian Retail sales dropped for the first time in ten months sending the Aussie through the .9800 barrier in Asian session trade as risk aversion flows intensified. Australian Retail Sales missed their ...

Weaker U.S. Data Keeps EUR/USD Above 1.25

Tue, 29 May 2012 10:10:29 +0000

After a 3 day weekend for North American traders, we find ourselves in the same place as where we left off last week with the U.S. dollar trading higher against all of the maj