Online Forex Trading

G10 Advancers and Decliners vs USD JPY 0.55 CHF -0.36 EUR -0.53 GBP -0.79

The EURUSD dropped away yesterday in end of day trading as U.S Stocks ended their trading day 3% lower. The Euro Dollar pair subsequently traded range bound from 1.4297 to 1.4253 after initially dropping to 1.4214 on first move - a 1 year low. ECB's downgrading of the Euro zone’s growth prospects increased downside risks and sentiment weakening the currency further. This offset the weak US...

The Dollar rose on Tuesday, boosted by a sharp drop in oil prices and persistent concerns about the health of other major global economies. The theme driving global financial markets on Tuesday was Crude oil's tumble to as low as 105.51 per barrel as Hurricane Gustav had limited impact on energy infrastructure. Oil last traded down 5.11% at 110.18 per barrel. Dollar also drew support from...