Online Forex Trading

G10 Advancers and Decliners vs USD Cad -1.32

The Usd rose substantially in the early trading session based on a dovish outlook regarding monetary policy in Europe. The EurUsd fell over 200 pips to the mid 1.50 level, while the UsdJpy gained nearly 70 pips, trading with a 110 handle. The GbpUsd dropped 250 pips to 1.91, as fundamentals are beginning to be realized in the current price. Equity markets recovered most of yesterday’s losses...

The Dollar rose broadly and hit a 5-1/2-month high against a basket of currencies on Thursday, bolstered by a surprise rise in June Home sales and diminished expectations for euro zone interest rate increases. The gain in pending home sales offset a bleak US jobless claims report, supporting a growing view that the current housing slowdown may be nearing a bottom. The data backed expectations...