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by Terry B. Burchtree Partners

Our website provides you with the most recent news and highlights subjects that might influence the market, to let you know what is happening in the world of Forex trading. Forex news overview.

After a quiet period of three days, the euro enjoyed another increase compared to the US dollar in forex trading on Tuesday (August 28, 2012) as speculation continued to mount about the US Federal Reserve chairman Ben Bernanke’s potential decision regarding further monetary easing.

The USDOLLAR has broken major support. The path is towards USD weakness for at least the next few weeks but the proximity of major technical levels in most USD crosses suggests that now is as good a time as any for a corrective USD advance. 60 minute (short term) and 240 minute (medium term) RSI declines (for XXX/USD crosses) below 50 should help time short USD entries.

Thursday (sep 15, 2012) marked a difficult day in forex trading for the US dollar as traders responded swiftly to the Federal Reserve’s declaration that it may be willing to offer further monetary stimulus in the near future – unless there is a serious upturn in the US economy.

High hopes that the European Central Bank (ECB) will take action to stem the flow of Europe’s continuing debt crisis prompted the euro to retain most of its gains during forex trading on Friday (August 17, 2012).

The single currency barely moved in the forex markets at $1.2... [Read more]