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Euro Continues to See Modest Gains

Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today.

How Long Can the Euro Stay on Top?

Questions about how long the euro can remain on top in Forex trading are being raised today as the 18-nation currency continues to hold its own against some of its major counterparts. While the euro is down against the yen, it is higher against the dollar and the pound.

UK Pound Slips Against US Dollar

UK pound has slipped against the US dollar, even after a stronger week that saw sterling reach highs not seen in five years. Since the end of a strong week, the pound is down against the dollar to start a new week. It is also down against the yen, and even slightly lower against the euro.

Euro Mixed as Bulls and Bears Face Off

Euro is mixed in Forex trading today, and bulls and bears are facing off, looking at the 1.35 level against the US dollar as an important dividing line. It’s turning into an interesting over/under debate, as well as a debate between those who see the recent ECB decision as an injection of life into the eurozone, and those who think weakness will continue.

Euro Gains Some Ground Against the US Dollar

Even with deflation worries increasing in the eurozone, the 18-nation currency is gaining some ground against the US dollar right now. US data is a bit disappointing, and that is giving euro a bit of an edge right now.

UK Pound Struggles a Bit

UK pound is struggling a bit right now. Some disappointing data is contributing to the situation, and, as a result, the pound’s strength is waning a bit.

UK Pound Pulls Back After Strong Run

UK pound is pulling back today, following a strong run earlier. Sterling has been enjoying unprecedented strength, and is now taking a bit of a breather as traders and others re-assess the situation.

UK Pound Maintains Gains After BOE Minutes

The minutes from the latest Monetary Policy Committee have been released, and there are signs that members of the committee are trying to decide how much slack there is in the market, and when they can start cutting back on bond asset purchases and when it makes sense to raise interest rates.

US Dollar Falls Back After Chinese Data

US dollar is heading lower today, falling back after the latest Chinese data. Growth concerns in China are weighing on the markets, but that isn’t helping the greenback. Instead, the US dollar is lower almost across the board.

UK Pound Continues to Show Strength

UK pound continues to show strength today, following up on yesterday’s rebound. Sterling is gaining particularly against the euro, although it is higher against other major currencies as well.

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