Recent content by Joshua_fx

Flat trading dominates the currency market on a low volume week. Most crosses are making limited moves and most remain in ranges. Greenback is trading slightly lower versus European currencies and is mostly unchanged against commodity currencies. The EUR/USD is holding above 1.3055/60, posting...

As an IB working in the Forex industry,I was very happy to learn that Youtrade FX got regulated under the Australian Securities and Investments Commission. Now I can start referring clients from Australia too!

US stocks fell on Tuesday after three days of gains as German GDP figures came in disappointingly low, fueling concerns about a global slowdown and also weighed down by weak US housing data. However, Wall Street indexes trimmed part of the initial losses as US production surpassed market...

EUR/USD settles around 1.4230/50 as a highly volatile week comes to an end. The pair swung erratically throughout the week as news and fundamental data hit the markets among which are worth noting, rumors about a downgrade to France, a collapse on the stock markets and a temporary short-selling...

The GBP/JPY bottomed during the European session at 123.94 but it reversed and turned to the upside. Supported by an improvement in risk appetite the pair rose recovered ground and rose to test an important resistance level at 125.00. Cable reached a fresh 2-day high at 125.07 but retreated...

The Pound has pared losses against the Greenback in a volatile session following the S&P decision to downgrade the US long-term debt late Friday. GBP/USD lost over 170 pips during Monday's European session but rebounded from lows around 1.6296, and rose more than 70 pips toward a session high of...

After peaking at 80.23 earlier on Thursday, setting a 1-month high in the wake of BoJ intervention, USD/JPY has turned lower, having dropped over 100 pips within the last hours as risk aversion re-emerged, with US stocks losing over 1% short after the opening. USD/JPY fell to a low of 79.05...

The European shared currency is trading sideways against its American counterpart, having reached a new 3-week high at 1.4534 only to get rapidly repelled back down towards a session low of 1.4491. At the time of writing, the rate stabilizes around 1.4500 handle. As reported Predicted Markets...

Euro/Dollar has made a new intra-day low at 1.4340 on news that Greece has been downgraded to CA from CAA1 by Moody's. The rating agency sees "substantial losses for Greece private creditors, with private holders virtually certain to incur losses." Despite the bad news, EUR/USD is holding its...

The Kiwi was among the best performer in the currency market and confirmed its strong momentum. NZD/USD reached a new all time high on Friday at 0.8670 and retreated afterwards to finish the week around 0.8640. The pair posted the fourth weekly gains in a row and has risen 650 pips since June...

The Euro extended its recovery from 1.4012 in the last hours ahead of Wall Street opening and reached above 1.4090 the highest price since the Asian session. EUR/USD rose so far 75 pips from the lows but remains trading below Friday’s closing price by almost 80 pips. The European currency...

Even though the EBA published its stress tests result, showing that only 8 of 90 banks failed the tests giving the Euro some relief, "the Euro zone politicians are still struggling for a solution to the sovereign debt crisis after the situation escalated last week", said Antje Praefck, analyst...

The Euro erased all previous week's gains against the Greenback and is closing Friday below 1.4300 as euro zone woes continue to put pressure on the hegemonic currency. On Tuesday, Moody's downgraded Portugal credit rating, triggering a sell-off in the Euro crosses. Despite the ECB raised...

Economic recovery in the Euro Zone is expected to continue over the coming quarters, even though at a slower pace, according to the BNP Paribas Economic Research Department, which will support monetary tightening by the ECB and push the Euro to higher levels. The EUR/USD is expected to remain...

Citing the fact that economic growth in Switzerland remains lower than expected, and with no danger of neither deflation nor inflation at present, Commerzbank expects no surprise rate hike by the SNB next week suggesting: “We therefore consider it likely that the SNB will leave rates unchanged...