Italian government collapsed – EUR/USD could start lower

The Italian crisis deteriorated fast: ex-PM Silvio Berlusconi pulled his ministers out of the coalition government led by Enrico Letta, leaving it hanging in the air. With political parties blaming each other for the cause to the crisis, the ball returns to the court of president...

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Forex - Dollar falls to 1-month low versus yen

The dollar fell to a one-month low against the yen on Monday as the risk of a looming U.S. government shutdown bolstered investor demand for the safe haven yen. USD/JPY hit 97.69 during late Asian trade, the lowest since August 29; the pair subsequently consolidated at...

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Forex - Euro slips lower vs. dollar

The euro slipped lower against the dollar on Monday as fresh political instability in Italy weighed, while the risk of a looming U.S. government shutdown also hurt market sentiment. EUR/USD hit 1.3478 during late Asian trade, the session low; the pair subsequently consolidated...

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GBP/USD Outlook – Sep. 30-Oct. 4

GBP/USD continues to move higher and broke through the 1.61 line this week. The pair closed the week at 1.6136. This week’s key events are Manufacturing, Services and Construction PMIs. Here is an outlook of the events and an updated technical analysis...

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EUR/USD Forecast Sep 30. – Oct 4.

EUR/USD consolidated its gains from the previous week, unable to pick a new direction just yet. The rate decision and its accompanying press conference, as well as final PMIs are the highlights of this week. Check out these events and more as well as an updated...

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Forex Weekly Outlook Sep. 30- Oct. 4

Markets were looking for a direction after the FOMC decision. As a new quarter begins, the calendar is packed with important events. In the US, we PMIs and employment indicators culminating in the Non-Farm Payrolls on Friday, Ben Bernanke’s speech and rate decisions in Australia,...

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U.S. stocks drop as fiscal impasse frays nerves; Dow down 0.46%

U.S. stocks fell on Friday as a congressional deadline to pass a spending package and avoid a government shutdown grew closer with little compromise in sight by the closing bell. At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.46%, the S&P...

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Forex - GBP/USD falls on U.K. growth data, U.S. jobless claims

Softer-than-expected U.K. growth numbers coupled with a better-than-expected report on U.S. jobless claims sent the pound weakening in front of the dollar on Thursday. In U.S. trading on Thursday, GBP/USD was trading at 1.6038, down 0.26%, up from a session low...

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U.S. stocks dip on Washington fiscal impasse; Dow down 0.40%

U.S. stocks fell on Wednesday as budget talks continued in the U.S. Congress with fears growing that the impasse could prompt a government shutdown. Lackluster U.S. data dampened stock prices as well. At the close of U.S. trading, the Dow Jones Industrial Average finished...

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Forex - Dollar falls on lackluster data, U.S. fiscal jitters

The dollar edged lower against most major currencies on Wednesday as fears brewed that a fiscal impasse in Washington could potentially shut down the government and roil markets, while soft data clouded expectations as to when the Federal Reserve will begin tapering stimulus...

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Forex - GBP/USD gains on U.K. retail data, U.S. fiscal jitters

The pound firmed against the dollar after U.K. industry data on retail sales beat expectations, while U.S. fiscal uncertainties repelled investors away from the greenback. In U.S. trading on Wednesday, GBP/USD was trading at 1.6074, up 0.44%, up from a session low...

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European stocks remain lower amid Fed jitters; Dax down 0.38%

European stocks remained lower on Wednesday, despite positive German data as uncertainty over the future of the Federal Reserve's bond-buying program continued to dominate market sentiment.  During European afternoon trade, the EURO STOXX 50 declined 0.31%, France’s...

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