GBP falls on news that UK deposit−insurance scheme is poorly funded
- The GBP traded sharply lower on press reports that Britain's deposit protection scheme currently holds funds of just £4.4M (massively under-funded). ...Read More
Will EUR/USD Target New Highs Or Take A Dive On Today's US Data?
How Will The Markets React?
As if US economic data hasn’t been bad enough, the release of consumer confidence and housing figures on Tuesday may only exacerbate the dour sentiment regarding the chances of a recession in the country. ...
Currency Majors Technical Analysis
Yen Earns Stability Against Other Currencies [USD/JPY]
A day after a new prime minister was elected, Japan's currency seems to be following the lead of its political system and settling down after uncertainty and turmoil. ...Read More
Kiwi leads the advance
The NZD continued to be driven higher by external factors on Friday, despite fresh data suggesting that the local economy had peaked. ...Read More
USD remains soft ahead of housing data
- Forex: Traders continue to sell the USD ahead of housing market data on Tuesday and Wednesday. ...Read More