Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles

Political uncertainty and three elections last year delayed the plan, drafted after Bulgaria was admitted together with Croatia to the ERM-2 mechanism, a mandatory stage for joining the euro in 2020.

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27 May, 2022
/ 15:32

EUR/USD Weekly Price Forecast – Euro Has an Explosive Week

The Euro has rallied quite significantly during the week, as the US dollar had been overbought.

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27 May, 2022
/ 13:52

EUR/USD Price Forecast – Euro Gives Up Early Gains

The Euro initially tried to rally during the trading session on Friday but has given back some of the gains as the 50 Day EMA has been massive resistance.

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27 May, 2022
/ 12:31

EUR/USD Forex Technical Analysis – Trend Up but Ripe for Reversal Following Test of 1.0770 – 1.0868 Resistance

Single-currency traders are buying on expectations of a sooner-than-expected rate hike by the European Central Bank (ECB).

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27 May, 2022
/ 05:45

EUR/USD Price Forecast – Euro Struggles to Break Above the 50 Day EMA

The Euro has rallied a bit during the trading session on Thursday but continues to see a lot of resistance at the 50 Day EMA.

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26 May, 2022
/ 13:43

Ruble Eases Off Highs as Russian Central Bank Cuts Key Rate to 11% Vs 14%

By Geoffrey Smith

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26 May, 2022
/ 04:14

Dollar Edges Higher; U.S. GDP Quarterly Data Due

The U.S. dollar edged higher in early European trade Thursday, but remained near a one-month low amid concerns aggressive tightening by the Federal Reserve may already be slowing economic growth. The minutes from the early May Fed meeting, released Wednesday, indicated that the central bank policymakers will be sticking to a plan to raise rates by a half-percentage point at its next two meetings starting next month, largely as expected. The scaling back of Fed tightening bets has followed slowing economic growth, with new home sales falling almost 17% last month and retailers reporting disappointing results as consumers scale back discretionary spending as the prices of essentials like food and petrol soar.

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26 May, 2022
/ 03:05

EUR/USD Forex Technical Analysis – Testing Retracement Zone; Strengthens Over 1.0714, Weakens Under 1.0645

Trader reaction to 1.0645 will determine the direction of the EUR/USD into the close on Wednesday.

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25 May, 2022
/ 19:57

EUR/USD Price Forecast – Euro Pulls Back

The Euro has pulled back during the trading session on Monday to show signs of hesitation from the 50 Day EMA.

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25 May, 2022
/ 13:03

UPDATE 2-Sterling up vs euro, flat vs dollar after brief 'partygate' dip

Sterling was flat against the dollar and rose against the euro on Wednesday, having briefly lost ground against both currencies following publication of a report detailing COVID lockdown-breaching parties at the office of Britain's prime minister. A failure of leadership was to blame for a culture that led to the alchohol-fuelled gatherings being held, the report by senior official Sue Gray said. After its conclusions emerged, sterling fell as much as 0.4% against the dollar but by 1432 GMT was flat at $1.2530.

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25 May, 2022
/ 12:05

Sterling regains some lost ground vs euro, steady against dollar

The pound reclaimed some lost ground against a weakening euro on Wednesday, a day after plunging following weak data and ahead of the expected release of a report into lockdown-breaking parties at Downing Street. Senior civil servant Sue Gray is expected to publish the report on Wednesday, heaping more pressure on Prime Minister Boris Johnson as the country struggles with a slowing economy and decades-high inflation. Data on Tuesday showed a sharp slowdown in British business activity in May, with S&P Global's flash Composite Purchasing Managers' Index slumping to a 15-month low, adding to fears that the economy will slip into recession.

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25 May, 2022
/ 08:28

German Consumer Sentiment Fails to Impress the EUR

German GDP numbers for the first quarter were in line with the first estimates. leaving the EUR in the hands of consumer sentiment, which disappointed.

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25 May, 2022
/ 08:02

Dollar Stabilizes, but Hikes Elsewhere Point to Further Weakness

By Geoffrey Smith

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25 May, 2022
/ 03:27

FOREX-Dollar at one-month low as Lagarde comments lift euro

The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost. Lagarde's comments implied an increase of at least 50 basis points to the ECB deposit rate and fueled speculation of bigger hikes this summer to fight a surge in inflation tied to rising energy prices caused by the war in Ukraine and massive public-sector stimulus after the onset of the coronavirus pandemic. The euro was up 0.42% at $1.07355 at 3:25 p.m. EDT (1925 GMT).

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24 May, 2022
/ 19:59

FOREX-Dollar slides to one-month low as Lagarde comments boost euro

The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine Lagarde said eurozone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost. Lagarde's comments implied an increase of at least 50 basis points to the ECB deposit rate and kept speculation alive of bigger rate hikes this summer to fight record-high inflation, partly due to rising energy prices over Russia's war against Ukraine as well as massive public-sector stimulus the pandemic. Over the past seven trading sessions, the single currency has rebounded 3.7% after having fallen to its lowest level since January 2017, at $1.0349, earlier this month.

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24 May, 2022
/ 15:20

EUR/USD Price Forecast – Euro Pulls Back From 50 day EMA

The Euro has rallied a bit during the trading session on Tuesday to reach the 50 day EMA. That being said, we have pulled back just the bid and it looks as if the market is starting to run out of momentum.

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24 May, 2022
/ 13:48

EUR/USD Forex Technical Analysis – Vulnerable to Closing Price Reversal Top

Trader reaction to 1.0714 will likely determine the direction of the EUR/USD on Tuesday.

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24 May, 2022
/ 12:32

ECB chief Lagarde says the eurozone is 'at a turning point' on interest rates, sending the euro higher against the dollar

ECB's Christine Lagarde said the central bank is in no rush to withdraw its monetary stimulus as an end to negative interest rates looms.

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24 May, 2022
/ 10:23

FOREX-ECB's Lagarde boosts euro as dollar nurses wounds

The euro rose to a one-month high on Tuesday after European Central Bank President Christine Lagarde said interest rates in the euro zone will likely be in positive territory by the end of the third quarter. Traders cut short bets on the single currency as Lagarde's comments combined with resilient business activity data boosted appetite for the euro, though gains were capped ahead of the release of minutes from the Federal Reserve's May policy meeting on Wednesday. The euro, which was the stand-out gainer on Monday after Lagarde indicated eight-years of negative euro zone interest rates will most likely be over by the end of summer, extended gains.

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24 May, 2022
/ 10:10

GLOBAL MARKETS-Stocks slump as Snap cracks rally, Lagarde lifts euro

Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. That followed a 1.4% fall in MSCI's broadest index of Asia-Pacific shares outside Japan, while the benchmark STOXX index of European shares fell 1.1%. Italian and Greek bond yields meanwhile touched recent highs after Lagarde said on Tuesday she saw the ECB's deposit rate at zero or "slightly above" by the end of September, implying an increase of at least 50 basis points from its current level.

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24 May, 2022
/ 09:32

Pound nears five-year low amid stagflation worries

The decline comes on the back of 40-year high inflation, with price pressures likely to put more strain on a contracting UK economy.

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18 May, 2022
/ 12:02

Basics of Forex Trading – Part 1

Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders. What is the forex market? Why is it a great market to trade? What is a currency pair and how it is read? What are the major terms and concepts that forex traders need to learn?

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17 Apr, 2022
/ 13:57

Euro dips below $1.10 for first time since 2020

The common currency fell as low as $1.0964, down 0.9%, against the dollar – its weakest level since May 2020.

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04 Mar, 2022
/ 13:21

Property: Most viewed overseas homes of 2021

An equestrian facility in California and a mansion in New York are on Brits' wish list.

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21 Dec, 2021
/ 00:01

Pound and euro suffer against dollar as US Fed looks to faster tapering

Sterling touched lows of $1.3325 as the US central bank hinted at wrapping up its stimulus programme, and raising interest rates, earlier than anticipated to counteract rising inflation.

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25 Nov, 2021
/ 10:08

European markets mixed as UK economy recovery slows

European stocks ticked up on Friday morning even as data showed UK economic growth slowed in July.

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10 Sep, 2021
/ 08:19

Nordea targets 1.12 in EUR/USD by mid-2022

By Samuel Indyk

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20 Aug, 2021
/ 07:08

Manchester City-owner raises $650m in mega debt deal

The deal surpasses those made by FC Barcelona and Tottenham Hotspur.

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16 Jul, 2021
/ 11:32

Budget airline Wizz falls to half a billion loss after 'most challenging year in history'

The airline 'couldn’t escape the gut-wrenching turbulence the pandemic has caused for the airline industry.'

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02 Jun, 2021
/ 08:52