EUR/USD rose today for the first time after two days of decline as the decline of risk-aversion in the global economies caused the break in the current Forex trends. The fundamental from U.S. were very pessimistic today and probably wont allow this break in the dollar and yen appreciation to hold for long. Consumer confidence dropped significantly in October — from 61.4 to 38.0 — thats 38% drop in a single month; […]
Read moreThe Japanese yen posted the first daily decline against the euro and the pound and the second against the U.S. dollar as the Asian stock markets rebounded and the intervention talks arose in Japan. The extremely fast growth of the yen for almost 6 days set up the speculations that the Japanese central bank may use a currency interventions to support the […]
Read more