Forex

Foreign currency trading tips

We also provide intraday and end of day forex historical data – free for downloading, currency trend charts and a currency converter. Forex Rate provides live information for currency trading. The one stop currency site , e mail us from our contact page. The US dollar held strong in the early European session. After the quarterly rate decision was announced the dollar surged strongly against most currencies. The foreign exchange market was extremely active afterwards.

Department of Labor figures were released. Filed unemployment claims fell below last months figure of 302,000, down to 259,000. Euro has weakened across the board in the early trading session across Asia and Europe, with the expectant result of the French elections now selling on the news. Whilst many see this result as a positive for the single currency, it seems the result was priced in after opinion polls late last week suggested which way the vote would go. The Euro gained slightly against the Dollar and the Pound Friday, and strongly against the Japanese Yen, traders noticed the debate on the ECB’s accommodating monetary policy. At the start of the US session, the British pound declined sharply against the Euro to 87.

55 pence for one euro, but falls were also seen against the greenback, to 1. The Swiss Franc gained modestly against the euro at 1. 0727 and more significantly against the Dollar to 1. The EURUSD was steady on Wednesday as it anticipates the US Federal Reserve monetary policy decision, while adjustments to the BoJ monetary policy meant the Yen was in a volatile state on morning trading. There is a strong sense of anxiety around the markets today, not only in Foreign Exchange but also stocks and commodities.

The Euro is gaining ground versus the US dollar during the morning sessions in Europe. The exchange rate moved up to 1. 086 dollars, higher than the close of 1. It’s the start of a busy week with statistics, especially with the US employment report on Friday.