The European single currency fell below the symbolic $ 1.30 Friday on multiple concerns weighing on global growth. Which in turn benefits the price of the dollar.
While the strong euro was still being debated just two weeks ago, at least by the French Government, the European single currency is showing signs of accentuated weakness. On Friday it went below $ 1.30, to 1.2996 dollars in late morning after hitting a low at 1.2986 dollars. Is its lowest level since December 11th. Previously it had risen to 1.3644 dollars closing on …

If the notion that US economy is modestly growing widespread then it is probably true as far as employment situation and jobless claims are concerned. US jobless claims increased by 4,000 in the first week of 2013 as announced by the US Labor Department in the latest report. Initial jobless claims stood at 371,000 for the week ending January 5th 2013 depicting slow but steady growth in the economy.
Though economists forecasted the decrease of 365,000 in jobless claims and this is also highest gain in month still I wouldn’t be …

Right now the euro is taking a rest, combining recent increases at the high end of its range, after reaching above the 7 – month high at the begin of the week supported by purchasing data. The EUR/USD took a peak above the 1.3172 level, which capped rallies and gains in September, and attained its greatest price since early May at 1.3185. Nevertheless, the pair lost momentum and entered a consolidation period that has extended through late trading hours.
With only second-grade data in the calendar and no information from Europe, …

The euro lost ground against the dollar on Monday, after new concerns were raised in relation to the decline of the business confidence index in Germany during September, while traders also closely monitored the situation in Greece and Spain.
At around 1600 GMT the euro had hit 1.2910 dollars. The euro also dropped back against the yen at 100.57 yen against 101.42 yen which was hit on Friday. The greenback also fell against the Japanese currency to 77.89 yen against 78.12 yen on Friday.
The IFO confidence index of business in …

Here are the ten forex trading fundamental landmines that almost any trader falls for. Compare your trading method with the writing below. If you don’t follow the most or even all of them- you are in a very risky position regarding any forex transaction.
A) Raise your time perception – If you are not a professional forex trader, you should only look at price chart which the time frame is over 60 minutes for planning any trades. Any less than that you will get confused and lost with all the random …

After falling 0.4% on Friday against the U.S. dollar, the Euro has stabilized at around 1.252 Dollars today, helped by ‘hopes of further measures to reduce borrowing costs’, according RTFX.
Since Friday evening, the euro and the dollar remained almost unchanged against Japanese currency at 98.5 yen against the euro and yen against the dollar at 78.7. The single currency also holds out at 0.792 pounds.
The euro regained some support against other forex on rumours that ‘the ECB consider bands fluctuations in bond yields as an option for its buyback program …

Europe’s single currency looks set to end the week with falls of more than 2% against the U.S. Dollar and the Japanese Yen. Around noon on Friday, the Euro was at 0.09% to 1.2380 dollar.
The trend is little more pronounced against the Yen and neutral against the Swiss Franc, the Euro declined further against the Pound (- 0.7967 to 0.20%).
On the week, the Euro has lost about 2.2% against the Dollar and Yen and 1.2% against the Pound.
Central banks were in the spotlight yesterday and the overall picture was considered …