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FX Trading Volumes Over $5 Trillion in June

by Forex Rooton July 9, 2014 7:16 pm BST
Average daily volumes in the global foreign exchange market surged by over $500 billion in June, data from FX settlement system CLS showed, suggesting a bounce-back for the world’s largest and most liquid market. The number of transactions through the system, which is used almost universally by the banking industry to process or settle trades, […]

EURUSD and GBPUSD Outlook – Week of 7/7

by Christopher Lemieuxon July 8, 2013 3:46 am BST
The EURUSD has reached a point of support at 1.281 after comments made by the European Central Bank’s Mario Dragi, and the pair retraced slightly to 1.2832. The pair looks to want to continue its ride south upon a break of 1.2810. This can be achieved with the dollar index continuing to increase on better […]