Forex News & Currency Analysis

The AUD/USD has been teasing the market with the prospect of a turnaround on a couple of occasions lately, and one wonders if today’s move is just another of these teases that eventually yields to another leg up or whether we are looking at a genuine turnaround and larger consolidation for the pair. The latter [...]

The Euro was mixed on Friday after news reports showing that the Eurozone economy pulled out of recession in third quarter was released in the forex market. The analyst’s expectations for the GDP data was for an increase of .5% and the actual number came in less, at around .4%.  However, traders in the Euro [...]