Posts Tagged ‘Euro’

Forex forecast: Muddle, muddle, China trouble?

Thursday, March 18th, 2010

The outcome of the Commodity Futures Trading Commission‘s recent 10:1 forex leverage proposal is still in limbo, and forex dealers and traders (including many Futures readers) are still busy hurling their wrath at the agency until the comment period closes on March 22. But in the meantime, GAIN Capital/Forex.com released their outlook for forex markets for the second quarter of 2010. And the forecast is a muddled, choppy one.   (more…)

Euro: Feeling skittish

Wednesday, November 19th, 2008

This morning just before 8:00 a.m. the euro was trading at 126.30 and over the next hour traded up 184 pips to 128.14, a startling move, especially given the lack of earth shattering economic releases and natural disasters.

“Given that this market trades $29 million per second, $2.5 trillion per day, I can’t imagine what kind of an order it would take to move the euro 150 pips,” says Ken Lazzara, chief dealer at EasyForex.

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