The euro posted modest gains against the US dollar on Wednesday, although upside was limited after international investment bank Goldman Sachs lowered the common currency’s near-term forecast. The EUR/USD advanced 0.15 percent to 1.1360, stopping well short of the 1.14 level. The pair faces near-term support at 1.1301 and resistance at 1.1372. The EUR/USD has […]Read More
German business confidence improved again in February, rising for the fourth consecutive month in the latest sign Europe’s largest economy was recovering from last year’s third quarter slump. The business climate index, which is derived from a monthly survey of 7,000 companies, rose to 106.8 from 106.7 in February, the Munich-based Ifo Institute […]Read More
The International Monetary Fund is one of the most important market movers out there. Its actions have caused turmoil on the markets in recent years, and since its inception. Few traders understand the importance of the institution, however, and fewer still are able to predict its effects on the world markets. This guide takes a […]Read More
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