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 …

On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708.
No significant movements to report against the yen (100.8 yen to the euro), sterling (0.8033) or the Swiss franc (1.2011). Since then the Euro has rebounded strongly during the US session to hit a high of 1.2790 this afternoon.
In …